Hurricane Energy Share Discussion Threads

[bocase] 07/4/2021 07:17

It seems incredible to me that there is no update on current production and water cut.

[bocase] 07/4/2021 07:15

The question is: how much was already in the price?

[mynameiskhan] 07/4/2021 07:15

Another XEL ?

[sji] 07/4/2021 07:14

Well, IMO, this says it all about our BOD:

"1. In determining the economic reserves for the Lancaster field, ERCE has assumed a Brent oil price of US$50/bbl in 2021, US$53/bbl in 2022, US$55/bbl in 2023 and US$56/bbl in 2024 and thereafter in real terms. Prices are escalated at 2.0% per annum inflation"

As far as I am aware, large US banks are predicting much, much higher oil prices for 2021 and 2022 than the US$50/bbl and US$53/bbl ... It seems that our BOD are out to give the gloomiest possible scenario for equity shareholders to give them no option but sell out at a depressed share price! What a pity!

Weren't we supposed to get a quarterly production update as well? Is it coming later on or what? What is the current level of cash of the company? What are we producing at the moment? IMO, we will have sufficient cash (and more!) to settle the bondholders even at the curren rate of production. So, why are we engaging only with them? What about other stakeholder? Banks? Equity holders?

[kaos3] 07/4/2021 07:13

not good at all :(

bellow my lowest expectation. discrepancy of before and now is just too huge to make reasonable sense to me

and Jonny was right

[cervelo] 07/4/2021 07:13

It was always going to be like this

[supercity] 07/4/2021 07:09

Oh dearThe Company continues to engage with an ad hoc group of its convertible noteholders over the Company's forward work programme, strategy, financing and balance sheet recapitalisation. It should be noted that there is a risk of significant dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds and of potentially limited or no value being returned to shareholders.

[canetois] 06/4/2021 16:46

Ahh well, wrong again.

[canetois] 06/4/2021 16:42

There's nothing like a second Price Monitoring Extension to spoil an otherwise very pleasant day.

[ngms27] 06/4/2021 15:02

That's my personal opinion in the medium to longer term, NOT a prediction.

[whitedukejay] 06/4/2021 14:56

My interpretation of "equity is dead" was wrong ,i apologise

[ngms27] 06/4/2021 14:36

No I haven't.

[whitedukejay] 06/4/2021 14:36

I think you will find that you have predicted zero on many occasions ,what`s not to understand?

[ngms27] 06/4/2021 14:19

I haven't made any HUR price predictions so do not understand your post.I did suggest that the water wasn't perched when the share price was 10 times higher though.

[jotoha2] 06/4/2021 14:14

Sore looser is probably a good description of our local guru , my money is on new corporate action by CA , sling out the inept parts of the BOD and rebuild this company !

[whitedukejay] 06/4/2021 14:12

oh of course i nearly forgot Mr T pearls of wisdom "get out with something" at 2.2p,that makes you 2nd worst

[whitedukejay] 06/4/2021 14:07

"Agreed we cannot tell the potential upside if any but I sure can tell the potential downside if any. Zero, diddly squat for the benefit of doubt."

Good man Ngm ,you are now covering all outcomes in your predictions, you havent got the best record on HUR price predictions in fact probably the worst i have ever encountered.

[kooba] 06/4/2021 14:03

To enhance their return or to rescue their investment?I think probably both..when they increased i think they were hopeful of the possibility Lincoln Crestal tie back presumably after analysis by their consultants ..that is looking highly unlikely due to timing issues now...could be any assets in the Spirit partnership are going nowhere until a deal is done there.But from a rescue point of view one has to look at how the company deals with the conv bonds and whether they have the skill set to renegotiate terms and have some funding to expand production assets to leave a viable opportunity. Jury's out on much ..and the company are not exactly over informing shareholders..hopefully soon to change. Then something to chew over.

[laserdisc] 06/4/2021 13:48

a couple of mm have moved up 1 early then another around mid day its approx 12 mths since management stated in a presentation that there was still significant potential upside for Hurricane stakeholders .

[ngms27] 06/4/2021 13:38

Agreed we cannot tell the potential upside if any but I sure can tell the potential downside if any. Zero, diddly squat for the benefit of doubt.

[jacks13] 06/4/2021 13:19

ghhghh, might CA's increased holding have as much to do with their desire to get "active" as to any perception they may have about growth prospects?

They are keen to get a seat on the board, but to what end? To enhance their return or to rescue their investment? They clearly don't trust the present incumbents to make the right calls.

[whitedukejay] 06/4/2021 13:19

Tgg it purely obvious ,to me at least ,any rise in share price is met by a barrage of negative posts by the crew, the posts are not for regular readers of this board as we have read them numerous times but aimed at people dropping in to see what the fuss is about, think you are getting scared we just might win.

[thegreatgeraldo] 06/4/2021 13:03

ghhghh
6 Apr '21 - 12:55 - 24804 of 24804
0 1 0


However this board is subjected to relentless and repetitive bear attacks

..Listen to yourself!! Then look at this year's upward spikes in the share price .... 2 so far, with a third developing today by the looks...

[ghhghh] 06/4/2021 12:55

CA obviously saw something sufficiently rewarding in order to justify their additional investment. This was despite the clear risk of restructuring/dilution.

We should finally determine what it was when CPR announced. None of us know which way this will break.

However this board is subjected to relentless and repetitive bear attacks which are pointless because none of us can evaluate the potential upside, if any.

Please, just wait for the CPR!!! Or get psychiatric help if you can't

[leoneobull] 06/4/2021 12:55

Good God, you agree with me! Maybe the kitchen sinking was slightly overdone, we live in hope...otherwise over to Paul Daniels!