Hurricane Energy Share Discussion Threads

[kooba] 02/3/2021 11:03

You tell me "the greatGeraldo"...always with the questions no answers. Evidence it's wrong and I'll change my calculations.Meantime a question for you ..Dec cash inflow $19m please explain I would be most grateful as struggling with any calculations on production and cost.

[steve73] 02/3/2021 10:58

Can anyone remember what commitments are required for extending the AM lease? From comments posted here IIRC HUR need to confirm sometime this year.. but I'm unsure how it will affect future options.

[ngms27] 02/3/2021 10:45

kooba, HUR suggested costs were approx $400k per day in the September webinar.

[thegreatgeraldo] 02/3/2021 10:29

kooba
2 Mar '21 - 09:50 - 24043 of 24046
0 0 0
10000 bopd at $65 per barrel gives you $7.5m a month? You taking production cost at $40 pb?
I am using $30 production cost ..which I think that’s very high.

..Maybe go check your figures? What's HUR said?

[gregpeck7] 02/3/2021 10:15

The macro environment is very supportive now. No harm delaying this IMO, pumping at 60 + USD a barrel is a good position to be in. Very cashflow positive, people will want a piece of this. Looks to cheap to me so bought a few.

[comedy] 02/3/2021 10:00

agree fat frank..mentioning 2023...so question is where will share price be then???

plus they will all want to be paid???

got a feeling mates will be getting in to hur on the cheap and then suddenly everything will become positive...mates get in cheap so pi's then buy of the institutions at much inflated prices and the cycle repeated ad nauseum

[fat frank] 02/3/2021 09:53

As I said recently I was worried that they hadn't secured a rig......

So, taking into account the cash in hand at end 2020 and the massively increased revenue due to $65 bbl oil I assume they will be in a position to settle the bond at due date?

I suppose one plus is that they are talking about still being around in 2023!!!

[kooba] 02/3/2021 09:50

10000 bopd at $65 per barrel gives you $7.5m a month? You taking production cost at $40 pb?I am using $30 production cost ..which I think that's very high.Still trying to work out how they boosted cash by $19m in Dec.

[comedy] 02/3/2021 09:24

no one knows what will happen tomorrow,...a few months from now who knows where we will be???

the mm's need volatility to get t/o...give it a week or two...closer to 4p or 2.5p???

[kooba] 02/3/2021 09:12

If production holds up and there is no clue to any issue with this communication then even with two weeks down time and taking Hamman average 11000 bopd and say all in production cost no more than $30 pb then and take an average oil price $60 then looking at doubling cash resources to year end to $230-240m I guess but one years interest on bonds $17.25m would come off ...presuming the bondholders are looking at July 2022 redemption could be looking favourably at the complete lack of initiative to maximise equity value.NB"A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets." Jan 2021Just over 6 weeks ago after engaging with a few bondholders and suddenly things look a bit complicated !!

[bocase] 02/3/2021 09:07

As someone wisely said a few weeks ago, an apologies as I cannot remember who it was, but your stake is now option money.

My stake here was £127K some bought at 2.55p but most much higher and with a break even of 18p. so my stake has been reduced to option money but being £100k down I am happy to let than option run it's course. Whilst I do not expect to recoup all the losses, options can have a positive outcome.

[comedy] 02/3/2021 09:01

oil co , in and oil price boom , and generating cash...patience for long game here. gl all holders

[comedy] 02/3/2021 08:59

bocase the company is saying they will play oil game in 2022 if not 2023....so with the 7 dwarfs they are out singing ???

hence selling today to come back in a week or two and see back closer to 4p???

[miamigo] 02/3/2021 08:58

Looks like there's buying?

[bocase] 02/3/2021 08:56

An insightful view, Comedy. You may well be right.

Certainly the market is not killing the share price. There are buyers out there.

[comedy] 02/3/2021 08:50

a chance to shake out pi's? and suddenly rainbow comes out when pi's have sold?

rigged markets

[comedy] 02/3/2021 08:45

that is the clue...why get new broker? placing?

need price to come back down...hence put out a kill rns

[comedy] 02/3/2021 08:45

RNS Number : 9757M

Hurricane Energy PLC

27 January 2021

27 January 2021

Hurricane Energy plc

("Hurricane" or the "Company")

Appointment of Joint Corporate Broker

Hurricane Energy plc, the UK based oil and gas company, is pleased to announce the appointment of Investec Bank plc as Joint Corporate Broker with immediate effect.

-ends-

Contacts:

[ghhghh] 02/3/2021 08:43

I'm assuming that any production tail off would have been announced today. Hence most likely reason for no agreement is high oil price but still leaves me a little uneasy.

Taking the Bull case, c. 10K bopd average 2021 production and oil say $65, what is the YE cash position?

Ditto mid 2022 if production say 8K bopd average H1 2022 and say $70 oil?

What production level is required to stay cash flow +ve at $65 and $70?

From my back of a postage stamp calcs, HUR could have paid off the CB's by year end?

Obviously everything hinges on stable production and the Bears will now repeat their usual doom mongering. They may be right, none of us know. The only point I'm making is that, if broker production forecasts are correct, then there may be hope at $65 oil.

Conceivably this could be best outcome for equity. Generate a load of cash this year, offer CB's say 75% partial redemption plus extending the remaining 25%. Factoring in H1 2022 cash receipts it's even possible that an equity raise could be avoided!

[babbler] 02/3/2021 08:42

Lol it is isn't it...

[jotoha2] 02/3/2021 08:41

Interesting price action , clearly something odd going on here , are they lining up a bargain sale maybe.

[kooba] 02/3/2021 08:39

Hurricane have advisors everywhere costing a fortune all scrabbling around to make big fees...this engagement with "ad hoc" bondholders only ( its a fact) is also taking up huge amounts management time and paralysing action in improving operational performance. The fact that the new management had 1 idea on operational mitigation and within months are dissing their own idea is not welcome. The way the company are communicating with their 'stakeholders' appears shambolic.Time for an activist like CA to take this by the scruff and give it a shake otherwise equity holders are going to be left in the lurch.Why do the company never talk about Lincoln Crestal tie back plans that were put on hold ..if 7z too complicated why not fully appraise Lincoln C ...if it's a no go then why ??

[jostrummer] 02/3/2021 08:32

I'm out couldn't resist that price