Hurricane Energy Share Discussion Threads

[leoneobull] 08/3/2021 07:28

Brent 80 soon. Pay off CBs by June 21, buy Spirit by December. Relist on Nasdaq once our Bitcoin mining machines are producing on the aoka mizu

[steve73] 08/3/2021 06:54

sji - you missed one rather important factor... That there is sufficient oil available in the licensed acreage.

With the revised OWC, the potential oil (reserves and resources) was decimated.
I didn't invest here originally for a small EPS. I was looking toward a (couple of) FFD.
Until a new CPR is released, anyone investing now is simply looking at the ability of current production to repay the bonds.. Anything more is pie-in-the-sky.

[bocase] 08/3/2021 06:07

Brent over $70 - more cash in the bank.

[ngms27] 08/3/2021 05:20

HURs production has always been commercial. That's not the issue. The issue now is longevity and whether it will be enough to pay off debts and leave shareholders with anything in the pot.

The juries out on that one, as a juror I've made my decision based on the evidence and am looking to be persuaded otherwise but so far haven't heard any compelling argument to change my point of view so at present will 'hang em high'

[sji] 08/3/2021 05:08

An oilfield being commercial mainly depends on two factors - the cost of production and the oil price. With the oil price currently surging upwards towards $80 (if not more - today, it's trading at c. $71.00) in the near future, several oilfields will become commercial once again. This includes HUR's wells too, no?!

Since our last uplift in early February 2021, the price of oil has surged over $15 per barrel. So, taking an average uplift at 420k, this means an EXTRA $6.3m from just one (circa monthly) uplift!

The share price of HUR will have to reflect this at some point IMO!

[fat frank] 06/3/2021 22:32

bocase: Good article... but we have one well that needs to keep going.

For 15 months

[tradoil] 06/3/2021 19:34

Hilarious. You really are an odious little troll.

[ngms27] 06/3/2021 19:07

Probably offloaded all last months production and was pre booked.Only joking lol

[fat frank] 06/3/2021 18:52

Strange - possibly doing DP acceptance trials???

[laserdisc] 06/3/2021 17:53

sorry guys the joys of ship watching, tanker now departed to mcduff ,no offload just yet, on station for approx 3hrs
2021-03-06 13:58 LT (UTC)
2021-03-06 16:42 LT (UTC)

[fat frank] 06/3/2021 14:54

Great update (as always) - thanks Laser

[laserdisc] 06/3/2021 14:33

Fat Frank 3pm yesterday the draft on tanker was same as when it arrived Lancaster this morning, It was only close up at Glen Lyon for a couple of hrs from
2021-03-05 13:31 LT UTC
2021-03-05 15:51 LT UTC
so i would say no

Kooba max pump rate would be 25000 per hr

i would think this tanker will be engaged now till tomorrow morning will have a look tomorrow

[fat frank] 06/3/2021 14:23

Laser: did Peary Spirit load at Glen Lyon before arriving at Lancaster?

[laserdisc] 06/3/2021 14:21

started at 13.49

[kooba] 06/3/2021 13:49

Look forward to your updates.Q1 production report should be out second week April..so looking at 2 offloads. Could be some update with the Finals if they come out first, 19th March last year but I think the company has until the end of April to announce?CPR before end of the month, hope there will be a bit more to get ones teeth into in a few weeks time as to the prospects. We are likely to have proposals around restructuring at some stage in the not too distant I guess which will require shareholder support. Some clarity on a number of issues would be welcome.

[laserdisc] 06/3/2021 12:54

AM pumps around 20k per hour but thats not at full capacity, i have been using that figure as did not think they would run pumps at max, .Pumps could have been upgraded dont know, so the longer on station the better

[kooba] 06/3/2021 12:40

Cheers..can one make a reasoned guess as to size of offload from any clues from loading duration or any other measure?

[laserdisc] 06/3/2021 12:31

Kooba ,peary spirit is actually owned by
Altera’s head office is in Aberdeen. The office is also home to more than 60 employees and contractors working together to provide the onshore support for operating FPSOs.

The AIS went off around 11am at that time tanker position was close enough to start checks i will be able to update when AIS comes on

[tournesol] 06/3/2021 12:10

Hi Steve

I seem to remember a presentation in which Trice/Hur talked about fractures which were tens of metres wide. Can't immediately put my hand on it but have found a paper authored by Trice, Bonter et al (see HTTPs://pgc.lyellcollection.org/content/8/1/385) which says:-

.. Subsequent to drilling, wireline and drilling data were used to interpret where the Fault Zones are present in a given borehole, and the calculated width of the Fault Zones from these data compare favourably with the outcrop observations, providing a range of between 15 and 73 m, with an average of 42 m.

They differentiate between faults and joints and fractures, with the above relating only to the first of those 3 categories. Fractures are described as being typically 20mm max.

I understood that the current production was in effect coming from a single fracture/fault so I'd presumed it must be one of the things that measures several metres rather than being a fracture of 20mm. Obviously lots of scope for me to have misuderstood this.


Clearly aligning a liner across a 20mm gap would be a lot easier than doing so across 15-73m.

[ngms27] 06/3/2021 12:08

It's catch 22.If strong production continues the CB's won't sell for less than ParIf production starts falling off a cliff the CB's might do a deal but then there's nothing left for equity.

[fat frank] 06/3/2021 11:55

kooba; Your last sentence says it all.