Hurricane Energy Share Discussion Threads

[noreply1] 02/3/2021 08:20

Excellent buying opportunity down here

[bocase] 02/3/2021 08:16

I am surprised that we are back over 3p. Clearly someone thinks there is value. It may not be in this well but there are lots of over unexploited assets which, with a high long term oil price could be worth way above the current market cap.

I can see a cheap takeover coming, maybe from the likes of Kistos who are in the market looking for cheap assets.

[btvitexcoinvxcryptowhale] 02/3/2021 08:15

I could tell you the upgraded CPR but You would just get me in trouble for insider trading.So I'll not comment Lol;-)BT

[lfdkmp] 02/3/2021 08:10

Post 24024

Fine. All depends on stability and longevity of well 6.

How confident do you feel, punk?

[pro_s2009] 02/3/2021 08:09

🤣🤣🤣🤣9315;🤣ԍ15;🤣🤣;🤣🤣🤣

LeoNeoBull.........you really are clutching at straws.

The chances of equity wipeout have now massively increased imo.

You were told a rising oil price is not good for HUR shareholders.

The reserves run out this year.....based on current production rates I do think if you care to check. There will be no more oil left to produce before too long, thats what reserves are.......

[ngms27] 02/3/2021 08:07

The RNS to me is effectively saying we ain't drilling as there ain't no point.What's next, not renewing the AM lease in June/July?

[terminator101] 02/3/2021 08:07

Brutal drop. Hopefully bounce from here.

[leoneobull] 02/3/2021 08:05

Interesting take ....equity becomes even bigger gamble..from LSE"RNS - my view02 Mar 2021 07:54Bondholders are looking for their money back and with POO currently they can see this happening. They were not able to get the number of shares they wanted due to POO increasing and therefore unable to hold gun to BoD head for equity for for bond swap. HURR now looking to build up cash with POO to pay off bondholders and then commit to drliing next year. I was expecting a significant dilution in shares but longer term now looking OK. Shareholders are not going to be wiped out."

[d1nga] 02/3/2021 07:57

Kicked the can down the road for a while yet, new boss as bad as the old.

More pain for lths

[billynotsilly] 02/3/2021 07:52

Well Mr Maris, you mashed potato.

[king goofus] 02/3/2021 07:51

Possibly using the cash to pay bondholders. The work would have cost 80m something. It's a winding down operation.

[0rient] 02/3/2021 07:49

Robert Trice has a lot to answer for..anybody know what he is up to now since leaving Hurricane? He certainly sold the story to many including myself!!

[bocase] 02/3/2021 07:43

Clearly as much thought has gone into this RNS as ordering a hot dog.

What about current cash
What progress has been made in the financial negotiations
What about an update on current production
How has the doubling of the oil price benefit the company.

So much could have been said that has not.

Truly pathetic. The board needs to do better or be replaced. Hopefully the major shareholders will apply pressure.

[cobra kai] 02/3/2021 07:42

I am afraid MMS will sweep the legs back to 2.5p.

Do or Die
Cobra Kai

Strike First
Strike Hard
No Mercy

[molatovkid] 02/3/2021 07:39

I wouldnt give up hope Soldier....the drill might be delayed 12 months.

Never invest large amounts in junior natural resource stocks...too risky.

[btvitexcoinvxcryptowhale] 02/3/2021 07:33

Poor Slift the carrot stock holder is upset there is no dilution LolCPR next up Increased oil report BT

[hyper al] 02/3/2021 07:31

Oil extraction here appears more hassle than it's worth.

Probably easier to plant a few tidal turbines on the site. Decades of power rather than a few drops of expensive oil.

[btvitexcoinvxcryptowhale] 02/3/2021 07:24

Yes. And as I said.No dilution required Let the money roll in from Oil pick ups.And CPR update soon BT

[leoneobull] 02/3/2021 07:22

No positives in rns, despite higher oil price and yet, buried under the RNS in the about HUR section...."In September 2018, Spirit Energy farmed-in to 50% of the Lincoln and Warwick assets, committing to a phased work programme targeting sanction of an initial stage of full field development."

[pro_s2009] 02/3/2021 07:21

Leoneobull........a word I would recall would be.........

Obfuscation

Keep dithering along and eventually the only option left is for the Bond Holders to get all the cash and then........ as I said, imo, its just running the clock (and the reserves) down to generate the cash to pay back the Bonds in 2022.

You were warned clearly that a rising oil price might be quite bad for HUR shareholders (as its great for the Bond holders to get most of their money back by just doing nothing and running it down)

All IMO. DYOR !!

[lfdkmp] 02/3/2021 07:19

Even the choice of words .."ad hoc". Not sure the most complimentary of descriptors; marginally better than "motley crew", I suppose.