Hurricane Energy Share Discussion Threads

[comedy] 08/4/2021 14:08

well if anyone wants a rib tickler. read first page of co. website...seems very simple
values and too hard to attain?;;(((

[comedy] 08/4/2021 14:08

hxxps://www.hurricaneenergy.com/about-us

should read first page...lol tenacious

Tenacious
we never give up

Ingenious
we see what others miss

Logical
it all adds up

Straightforward
we keep it simple

Our values

[comedy] 08/4/2021 13:04

leone do you know their holdings?

[leoneobull] 08/4/2021 12:14

Two 13.5 million trades delayed from yesterday at 2.7p ....CA?

[comedy] 08/4/2021 12:14

huge turnover of stock yesterday and today...will be interesting what happens next week.

[comedy] 08/4/2021 12:05

well all i know is oil is being produced currently and making a big dent in the bank account.

question is who is going to get that money? and what games are the bod playing?
dont see them jumping ship yet? so sitting on gravy train banking their cheques?

[thegreatgeraldo] 08/4/2021 10:51

ghhghh, not that you give a flying wotsit...... but this is what your pal was wittering on about..


..."Guernsey-based Crystal Amber said it believed “significant volumes” may be present below the revised oil-water contact.....




....Crystal Amber, which describes itself as an AIM-listed activist fund, claimed: “The zone now believed to contain residual oil below the oil water contact is very thick, whereas we would have expected an abrupt change in oil saturation at the free water level.

“Therefore, the fund believes that significant volumes of oil may be present below the revised oil water contact at 1,330 metres.”


hxxps://www.energyvoice.com/oilandgas/north-sea/266476/crystal-amber-hurricane-technical-review/

[thegreatgeraldo] 08/4/2021 10:46

ghhghh
8 Apr '21 - 10:38 - 24917 of 24917
0 0 0
TGG

I think you got the thumbs down because none of us know what they were referring to.

......You brought it up earlier....... so why not explain what you're on about or simply apologise? ;-#))

ghhghh
8 Apr '21 - 08:27 - 24906 of 24917


Remember when CA's Bernstein told the Mail that he believes the doom scenario is overdone and thinks there may still be recoverable reserves worth far more than Hurricane's (then) £55m market cap. From memory this was October 2020.

.....

[guy_fawkes] 08/4/2021 10:02

Someone is living in the Twilight Zone....

[leoneobull] 08/4/2021 10:01

Sack the whole BOD. CA need to take action asap

[ngms27] 08/4/2021 09:24

I can answer that question. It resides in a multiverse where the laws of physics are different to our universe so if effectively an alternative reality in the same space and time.

[thegreatgeraldo] 08/4/2021 09:18

thegreatgeraldo
8 Apr '21 - 09:03 - 24912 of 24912 Edit
0 0 3
ghhghh
8 Apr '21 - 08:27 - 24906 of 24909
0 1 0
Remember when CA's Bernstein told the Mail that he believes the doom scenario is overdone and thinks there may still be recoverable reserves worth far more than Hurricane's (then) £55m market cap. From memory this was October 2020.

This is why yesterday's CPR so disappointing.

...The "residual oil" below the OWC...... get a grip. Fail to understand why this keeps getting repeated. If CA's odd claims were misreported, they've had ample opportunity to correct them.


..OK...3 thumbs down & counting.... maybe one of you blue posters (ghhggh?) will humour me & explain how these large volumes of "residual oil" are sitting below the OWC? Thanks.

[thegreatgeraldo] 08/4/2021 09:03

ghhghh
8 Apr '21 - 08:27 - 24906 of 24909
0 1 0
Remember when CA's Bernstein told the Mail that he believes the doom scenario is overdone and thinks there may still be recoverable reserves worth far more than Hurricane's (then) £55m market cap. From memory this was October 2020.

This is why yesterday's CPR so disappointing.

...The "residual oil" below the OWC...... get a grip. Fail to understand why this keeps getting repeated. If CA's odd claims were misreported, they've had ample opportunity to correct them.

[kaos3] 08/4/2021 09:01

if one thinks - its all paper operation

but increasing water production in the 2 wells - and that is real - and the oil produced and sold is real.

all the rest - alice in the wonderland operation - paper takes it all !!! and produces most profits for 0 investment.

it just depends which author is allowed to publish his truth to be acted upon

[kaos3] 08/4/2021 08:58

second possible scenario is that the assets are being packaged for a BIG one who is entitled. Why - all is strange, OGA is silent, Kerogen is silent, BOD is anemic - by design?, huge OIP disappeared by a stroke of a pen, dr T is silent ( and not pursued)

only poor Bernstein is screaming faul

it used to be strategic dimension !!

put in new "able" operator and rosy times here we come

[ghhghh] 08/4/2021 08:49

We need the latest production upgrade to determine what the near future looks like.

The CPR only considered to end December 2020

Agreed but if there was a major change in the modelling (ie water cut way higher than predicted) then the CPR would be grossly misleading. It would be end of career stuff for HUR to release this without alerting markets to any significant changes in production!

[kaos3] 08/4/2021 08:46

lets play the "scenarios" game - this one from CA perspective

- they are primary interested in equity and have BOD against them and time against them.

they were waiting for 1. CPR and 2. BOD responses to their approach.

what plays for them: their own research and conviction of more oil than PCR and their equity stake

what they need: more equity support in order to 1. get a cooperative BOD (Kerogen) and
2. a future industrial or financial partner in order to inject needed capital for: bonds (bellow par operation) increased production (cca 200 mil?).

what is to be observed - sweeping the cheap shares from the market (influence and future capital gains profit assurance), arms length Kerogen discussions on general terms strategy (BOD restructuring being the first move, future production options and its financing - Kerogen is a silent elephant in the room - financially capable)

CA time frame - few weeks or BOD proceeds on wiping out equity. trading pattern could give a strong hint about what is in the future

- If BOD proceeds as planned by those sherlocks - it is bad for CB holders as well -as they would get some cash and some "worthless equity" - HUR being managed under the present BOD which has no vision based on CPR, financial restructuring plans, production improvement etc

Kerogen is silent and is not selling - how come? - are they stupid? - being here from the beginning - it is emotional (is there still the same team at Kerogen?) and hence very big motives

I am bored - so the rant imho

[ngms27] 08/4/2021 08:32

We need the latest production upgrade to determine what the near future looks like.The CPR only considered to end December 2020

[ghhghh] 08/4/2021 08:27

Remember when CA's Bernstein told the Mail that he believes the doom scenario is overdone and thinks there may still be recoverable reserves worth far more than Hurricane's (then) £55m market cap. From memory this was October 2020.

This is why yesterday's CPR so disappointing.

My best guess is that there is an almighty bun fight going on behind the scenes. CA want to go one way (Lincoln? and hardball CBs?) and HUR are trying to negotiate with CBs and raise equity.

Hence lack of detail may be an attempt to spike a hostile CA...

[soilderboy] 08/4/2021 08:07

I think simply they want to shut up shop. Is there bonus's build in from the bond holders if they get their doe back????

[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.