Hurricane Energy Share Discussion Threads

[cyrilsneer1] 29/9/2021 08:06

All that volume over the last few day's wasn't PI's, those in the know are snapping these up. Watch how this pans out but the initial drop will be those scared to hold, in the back ground someone will be buying them.

[cyrilsneer1] 29/9/2021 08:03

SH wetting the bed, CA have gone in Large and all this information was on the table. Don't panic sell now, your only regret it.

[ngms27] 29/9/2021 07:59

Sji, two points:

1) HUR do not have $100m in the bank. It's $82m after paying the CB's.
2) Using the CFO's stated figures of $400k per day, with production averaging 8500 @ $80 oil I get $50m net pre tax.

So end of March they could have circa $132m which is short of the $152m PLUS accrued interest to pay off the CB's

Also note HUR do not get the POO for sales as BP take the cheapest price over a number of days and a further discount for transportation.

Further to support the current Market Cap they need $152m + Accrued interest plus $92m when production ceases.

It's clear that the current share price isn't supported unless current production goes way past June next year and at a decent rate. How likely is that?

[kooba] 29/9/2021 07:54

Fandangle..Please evidence that stat as i have seen nothing correct in the last year…just unwarranted doom. He had a catastrophic rise in water cut in 1st Q predicted..now that appears 100% wrong and since that was the main shout how they hell do you get to 90% correct without talking BS.

[soilderboy] 29/9/2021 07:49

If that was the true scenario then we would finish with the bondholders paid and all debts cleared. Well 6 shut down and enough money left for a night out at bingo!!!!A lot to look forward to.We need another producer!!!

[laserdisc] 29/9/2021 07:49

AM we anticipate being towards the upper end of our production guidance

[laserdisc] 29/9/2021 07:49

AM we anticipate being towards the upper end of our production guidance

[fandagle] 29/9/2021 07:47

NGMS27 has a 90% success rate here, his predictions are very accurate, no wonder the Rampers are furious at him.....

[sji] 29/9/2021 07:38

Isn't it strange that they gave a guidance for the next 6 months (8.5k-10.0k) and did not give the CURRENT rate of production (which was 10.8k just 2 weeks ago)?

Let us be very conservative and say that the average production for the next 6 months would be 8.5k bopd (meaning that in March 2022, our production would have gone down below 7k bopd - very unlikely IMO). If we average 8.5k for 180 days, then total production would be 1.53m. If we take a conservative average price of oil of just $70 for the next 6 months and assume a cash production cost per barrel of say $20 (was just $17.9 last year), then we would generate some $76.5m in cash flow (very conservative).

After our next oil uplifting in the next couple of weeks, we should have some $100m cash at bank. So, I guess that even with today's guidance, taking a very conservative case scenario, we should have around $176m in the bank against $152.5m bonds due in July 2022!

IMO, the situation is much better that the above.

[ngms27] 29/9/2021 07:28

You cannot drill a new producer in Lancaster WITHOUT increasing reservoir pressure due to bubble point being close.

Thus you are back to what the previous Bod said.
Water injector AND new producer, circa $150m cost.

They might look at the feasibly of gas injection.

[bocase] 29/9/2021 07:22

We must remember that Hurricane's assets are about much more than well P6 which is where all the focus is. I would expect news on drilling or alternative production plans in the near future.

[sji] 29/9/2021 07:07

IMO, this morning's RNS is intended to scare off the Bondholders by saying that there is a real possibility that production at Lancaster will cease completely by March 2022. I think that the company might be preparing for a second offer to bondholders.

[average down mug] 28/9/2021 22:59

⛽️482;🇸㉀0;🚀🚀🚀🛥😁👍

[mirabeau] 28/9/2021 19:29

SPA note -

'Our take: Following an extremely challenging year for Hurricane, today’s update is much more positive on outlook. Production is in line with expectations, and the August lifting from Lancaster, and higher oil prices combined to deliver a US$22m million increase in net free cash at the end of August compared to end July. A continued recovery in oil prices would further enhance the value in the Company’s West of Shetland portfolio.'

[blueball] 28/9/2021 18:45

Stay long.

[tradoil] 28/9/2021 18:23

Agreed . Buffoon

[jamieboy12] 28/9/2021 18:11

114M shares traded on this stock today,, no other stock even comes close,, this is not going to stop going up for a while, ngms you really are boring,, I have seen you criticise a few stocks but no one listens to your nonsense, I think you just like the attention of being told to shut up

[average down mug] 28/9/2021 17:56

Oil gas ⛽️ 👌😲 fingers burned to a crisp so sad for the short na not really gonna laugh my head off tomorrow….7p

[ngms27] 28/9/2021 17:36

I'm already playing with my Class 45 and Deltic.

[back2basics1] 28/9/2021 16:59

“Crystal Amber chairman hits out at ‘egregiousR17; Hurricane Energy proposals”:

hxxps://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/352744/crystal-amber-hurricane-energy/

[fsawatcher] 28/9/2021 16:22

why da funk dis risin it bust innit

price of water must be goin up


hahhahahha

dis worth nuffink