Hurricane Energy Share Discussion Threads

[leoneobull] 18/3/2021 18:04

Tournesol, take your point on reserves. But given we had 2 prolific wells that were drilled too close to OWC, surely somewhere on this acreage they can find alternate places to drill a new well? even 12000 a day is pretty decent, from a single well, and we don't know how accurate the reserves figures are, as FB is notoriously difficult. In other words, you can put estimate reserves easily here yet still chundering away at 12000 a day from a single well...

[laserdisc] 18/3/2021 17:00

good volume on crystal amber fund

[laserdisc] 18/3/2021 15:29

I have Lincoln at Co ordinates 60°07.102â€482;N 003°55.085’W

[thegreatgeraldo] 18/3/2021 15:07

Intriguing trading yet again...& the "111" trades are back .....

[laserdisc] 18/3/2021 14:45

olympic taurus was in port of Bergen for 5hrs prior to arrival Scrabster Still on position 60 07 03 03
3 55 25 67
edit my notes 19/3 was over lincoln well head returned to scrabster in port 19/3 8am ....well head survey & possibly further data readings

[thegreatgeraldo] 18/3/2021 14:39

jotoha2
18 Mar '21 - 14:02 - 24602 of 24602
0 1 0
, come on Maris P have you no self esteem to show who you really are , man of achievement or a another bullshiiiter .

....Maris isn't really in control though.....well 6 & the geology he's inherited are very much to the fore

[jotoha2] 18/3/2021 14:02

Why would Potato head take on a difficult CEO position if there was no hope going forward , has he been set up as the pasty to be gobbled up by the hungry wolves , come on Maris P have you no self esteem to show who you really are , man of achievement or a another bullshiiiter .

[uzzymaz] 18/3/2021 12:53

All being well should see 4p and above real soon

[tournesol] 18/3/2021 10:45

Leoneobull

"...For me, a bid is coming ... time will tell... simply too much cash, too many tax write offs and too much acreage to be ignored by the big boys .., oh and the project is set up... running and in need of minimal investment for huge rewards …"

And very few oil reserves.

Oil companies are valued according to how much oil they have in the ground that can be extracted at an economic cost.

The Hur project was predicated on a belief that there were billions of barrels in the ground of which hundreds of millions were expected to be capable of extraction.

Since production started, evidence has shown that the previous numbers were hopelessly unrealistic and optimistic. As a result almost all of the reserves/resources(more than 95%) has been written off and some licences have been relinquished.

As at September 2020 the company said they had just 9 million barrels of reserves left. If you do the maths, that means that they will come to the end of their oil sometime around Q4 next year.

That is the central point around which all else rotates. If they can't conjure up more reserves, they will fold. Whilst I do not wish to be unkind, I have to point out that their track record in adding reserves is unpromising to say the least.

[laserdisc] 18/3/2021 09:17

seems there was an alert for fishing in the area but this vessel was not mentioned as doing the work though

Survey - ROV Inspection Well 205/26b-14
Activity
A 1 Day ROV Inspection Well 205/26b-14 between the 12th March 2021 - 20th March.

[laserdisc] 18/3/2021 08:49

its got wrov on board it could be just a WELLHEAD INSPECTION over Lincoln, its showing Restricted Manoeuvrability but ais not that good

need to check well head positions from my notes

my notes
Warwick A 204/30b-A position 60°07.409'N 004°09.454'W

[laserdisc] 18/3/2021 08:31

vessel out of scrabster at week -end perhaps going to Lincoln name is olympic taurus will have to monitor it could be delivering supplies I think not

[agnabeya] 18/3/2021 07:40

Thanks for all your posts, Laser. Much appreciated.

[ngms27] 18/3/2021 07:25

PlantedHBA on LSE lost his truckload last September.

[leoneobull] 18/3/2021 06:45

Time to get a GF! Wife, partner, friends etc.!!?

[leoneobull] 18/3/2021 06:43

hmmm, the downticker has such a sad life they are up at 630 640am downticking within seconds ..morning Pro short...

[leoneobull] 18/3/2021 06:40

"For me, a bid is coming ... time will tell... simply too much cash, too many tax write offs and too much acreage to be ignored by the big boys .., oh and the project is set up... running and in need of minimal investment for huge rewards ..,Chrysaor ... in my view ..."Whilst Planted LSE has ramping tendencies, I don't disagree that HUR could be attractive for a bigger player that actually knows what they are doing....

[leoneobull] 18/3/2021 06:35

Slipanchor LSe claims 490000 for latest load, production a shadow under 12000 a day.32,830,000 in gross proceeds if flogged at 67 a barrel. Less costs ....cash kitty filling rapidly.Who spiked the CBs???

[professor_az] 18/3/2021 00:07

Why dont u like FatFrank

[professor_az] 17/3/2021 23:34

Any1 seen Fat Frank?

[kooba] 17/3/2021 21:46

Yep was 19th March last year but they have until the end of April I believe , they must be trying to synchronise a few things here CPR , OGA , production data, Lincoln P&A , Bluewater contract .. oh and then those pesky bondholders. All needs some careful choreography and they might just have some answers some time soon for their shareholders.

[laserdisc] 17/3/2021 20:53

thanks i see what you mean in earlier years going back to 2016 was issued May and April