Hurricane Energy Share Discussion Threads

[porrohmahnn] 08/4/2021 02:59

The summary CPR says very little. It is based on data up to 31st December so only includes very limited data since the ESPs were commissioned and one well shut in. There's no mention of OWC. No mention of the down hole gauges at Warwick being able to "see" Lancaster. No revised estimates of oil initially in place. No explanation of why Halifax has been reduced from anything up to 3.4 billion barrels of contingent resources to zero. No mention of oil in sandstone. No mention of why a supposedly "world class" productivity index has turned into such a disappointment. I could go on and on. Out of 33 pages, only four actually constitute the "CPR" and the rest is boilerplate stuff. None of the assertions are supported by sufficient data for readers to understand and critique the conclusions reached.

We were promised a CPR by the end of March. What we got was basically just a repeat of the kitchen sink RNS last year with no firm date for getting the full CPR.

As shareholders, I think we are entitled to an explanation of why the previous CPR was so wrong and why this "CPR" can be regarded as being any more believable. Without seeing the detailed analysis that was used to reach the conclusions in the "CPR", we're still in the dark.

[leoneobull] 07/4/2021 22:15

Well done NGMS, you got.it wrong on HUR then somewhat correct.

[hiddendepths] 07/4/2021 21:52

Hyper Al - just because you've seen the light, there's no need to preach. Remember what happened to missionaries in days of yore!

You could try giving a short list of alternative energy shares that you believe have multibag potential - that would probably get a better response from the natives.

Ilika maybe? Is Ceres Power still in pole position? etc Do we buy copper stocks? Lithium? Try offering alternatives!

[ngms27] 07/4/2021 21:38

You cannot say you weren't given the heads up, you chose to ignore the terrible threesome.

[hyper al] 07/4/2021 21:30

zztop
7 Apr '21 - 20:20 - 24895 of 24896
0 1 0
Motto here
Stay away from oils

Wow, you agree with me!!!

How long have I been saying that? along with most of the major funds!

[leoneobull] 07/4/2021 20:40

But the so didn't fall that low in size...maybe Kerogen selling some to CA

[zztop] 07/4/2021 20:20

Motto hereStay away from oils

[zztop] 07/4/2021 20:18

Seems someone dumped 13 mill a few days back imo

[ppceh] 07/4/2021 20:05

The 13.5m trade can’t be a sell since no market maker would take on that size at that price.

Hence a buy. And not a punt size so implies smart money....

CA most likely buyer

[laserdisc] 07/4/2021 19:13

Thanks hiddendepths think a ca monthly asset value of their fund is due next week

OIL AND GAS approve the Lincoln well INTERVENTION permit today

PETROFAC FACILITIES MANAGEMENT LIMITED WIA/1027 Lincoln 205/26b 205/26b- 14
MoDU/Vessel Paul B. Loyd, Jnr
Consent to Locate a Mobile Installation CL/1081/0 19th January 2021 1st April 2021 Completed (Approved) 7th April 2021 30th June 2021.

presume now Spirit agree to Lincoln decision, following the no certainty of any further activity in relation to the Lincoln discovery.
What happens now to all the flowlines & gear which is mothballed in storage presume it has some value

[tcarter66208] 07/4/2021 19:11

We still dying a slow painful death here?

[cobra kai] 07/4/2021 18:04

IIs leaving the Dojo in bodybags, many do not want to do battle anymore. Sensei has ordered full retreat. There's one outcome here, debt for equity swap from what I have learnt from the experts.

CA does not have the voting rights to force any management changes. The die has been cast.


Do or Die
Cobra Kai


Strike First
Strike Hard
No Mercy

[hiddendepths] 07/4/2021 17:46

Looks very much like a buy to me laser. Someone's been hoovering up the shares on the bid for most of the day. I guess it could well be CA getting active, ready to force big changes on the company but who knows?

Amazing that Halifax can be written off at a stroke!

It's a great shame about your losses here, especially after all the contributions you've made. I feel for you.

[laserdisc] 07/4/2021 17:01

Thanks Agnabeya i am still holding about 1m shares hopeful for around 25k if i cash in, maybe i will also bottom drawer and see what CA response will be
looks like a sell now showing after close 2.69889p 13,500,000 364.35k

[tournesol] 07/4/2021 14:57

GHH

Ok, so you're in good shape. Glad to hear it.

T

[saint of advfn] 07/4/2021 14:23

Punters got nailed to the cross here, no escape :(

[comedy] 07/4/2021 13:32

well i bought some more this morning, and bought some just now. will be interesting to see this play out in an oil boom?

[ghhghh] 07/4/2021 13:23

Tournesol

I'm in at about 40 cents.

Still amazed no production update, assume we must be due Finals any day. Otherwise no excuse for not updating stakeholders.

The CPR must be based on current anticipated production of 7.1 mmbo at $50 2021 and $53 2022 and assuming OGA approval re bubble point. Oil currently $10 higher which would extend economic life if maintained.

This implies current production is 'stable'?