Hurricane Energy Share Discussion Threads

[stockhunters] 29/9/2021 10:30

ngms is just someone with alot of time on his hands getting annoyed shareprice is slowly going back up

[ngms27] 29/9/2021 10:29

nufcfan, actually I'm imparting knowledge of someone who has invested in this sector since the late 90's and has followed HUR since it's admission to AIM closely.

Take or leave what I say, I post with no holding and no agenda whatsoever.

[ngms27] 29/9/2021 10:21

Lincoln wells had poor PI's. Any development there likely requires water injectors from day one. That's assuming you can hit enough productive fractures as two out of three didn't.

Note productive fractures are also required for the Water Injectors.

Lincoln would be a huge gamble.

[nufcfan] 29/9/2021 10:19

NGMS still posting one sided totally negative arguments and doesnt hold a position…..the geezer is indeed morally corrupt and not well….

[kooba] 29/9/2021 10:18

Most likely seek a farm in partner and raise some additional capital once the bond holders are sorted they will also hopefully have a further 12 months cash generation from well 6..there is no point in raising anything now...but hopefully they will be working on plans to establish new recoverable reserves. Spirit JV is still up in the air as they seek a buyer..there may be changes there under new owner or the JVs could revert to Hurricane ..I've always been disappointed that Lincoln was dropped , but they thought they had much bigger fish to fry elsewhere. Difficult to see any ambition in the executives without CA kicking them.

[cyrilsneer1] 29/9/2021 10:11

Kite lake unwinding their short and buyers in the back ground.Don't take a idiot to work out games are being played here. We know the shortfalls of the company, they've been sending out doom and gloom for the past 12 months. Now why would CA up there stake?

[stockhunters] 29/9/2021 10:11

you can be negative all you want but i see the positives

turn around in progress oil price sky rocketing

[ngms27] 29/9/2021 10:07

OK stockhunters what are they going to drill and when are they going to drill it?
Wells in this area are circa £70 plus each.
How are they going to raise capital?

[stockhunters] 29/9/2021 10:04

ngms looking at your posts you are negative all the time which is your propagative each to their own

again you assume they will just do nothing, they can drill etc etc they are not just about this one well but you know that

[ngms27] 29/9/2021 10:01

Nope, look at future cash flows against declining production.

Well 6 alone likely will not produce enough cash to support the current share price over it's economic lifetime.

It's my opinion that the current share price has a large dollop of hope in it.

[stockhunters] 29/9/2021 09:59

alot of derampers

they made over $20million cash in a month with oil where it is not hard to see how much cash upto next year

alot of avenues to go down

CA picking up more shares?

[horndean eagle] 29/9/2021 09:39

The problem is they can't do any activity unless they have paid off bondholders. Which means they are caught between a rock and a hard place. Difficult to see how they can get around this even if oil stays strong over the period. Well issues could hit any day and at that point HUR is a zero. Not sure the bulls have factored that probability in at all

[ngms27] 29/9/2021 09:35

If they wanted to drill a new producer and injector they would have to start around April 2022 like you say (to drill both in one year) as otherwise it's April 2023 due to weather constraints WOS.

I also agree its doubtful well 6 will still be chugging along by then.

They could drill an injector in 2022 BUT once effective it will push up water cut in Well 6 and may cause swabbing issues prior than what would be the case with no pressure support applied.

[soilderboy] 29/9/2021 09:35

You don't know what HUR are looking at regarding data. You cant just say they can't have a new producer. It was always on the cards in the past. They just need to drill in the right place and at the right depth.

[stockhunters] 29/9/2021 09:32

shakeyshakey

CA want their 19p todays rns does not change much

[horndean eagle] 29/9/2021 09:27

I guess the issue is they can't plan for anything without bondholders being paid off. The window for them to do any work is pretty narrow so the chances of them doing anything in 2022 is pretty much nil given weather conditions. Earliest they could drill another well would be 2023 and that is probably too late to avoid issues with bubble point. its why i think they still need to do a deal with the cb holders

[ngms27] 29/9/2021 09:02

As before a new producer isn't viable as a standalone entity given proximity to bubble point. They will need pressure support. No way will the OGA sanction just a new producer now.

Also remember well 6 and 7z were drilled in the optimal locations to intercept the large fractures, I'm not sure how they compare closer to the top of the reservoir.

Note I do agree there maybe more value IF Hur put forward a viable work program so hope for equities longer term future that you are correct and they are looking to extend production past well 6.

[kooba] 29/9/2021 08:59

Hear Hear.

[stockhunters] 29/9/2021 08:47

all about weeding out the weak games being played

oil at major highs and rising

hur will hit 10p at some point i think

CA want their 19p

[marmar80] 29/9/2021 08:39

Small top up for me

[sji] 29/9/2021 08:32

Ngms27: I refrained from replying to your incorrect posts yesterday because it's useless arguing with someone with an agenda like you. We argued a lot this time last year as you were telling everyone that by September 2020, HUR will be history (always according to your models). Then, when I pointed that out, you told me that even though HUR survived till then, it will reach bubble point by Jan-Feb 2021! Here, we are and you are still predicting the same stuff for over 18 months now!

As regards your point, you are completely wrong. I said that within the next couple of weeks, AFTER our next uplifting, HUR will have more than $100m at the bank. Obviously, you do not want the figures to look good so you are quoting what HUR has NOW at the bank. It suits your argument better, no?

As regards the cash flow figures, with our last oil uplifting 6 weeks ago (at an average price much lower than today's), our cash flow improved by $22m. So, even if the price of oil did not improve since 6 weeks ago (which it has!), why would we get a lower cashflow improvement of $50m/3 = $16.6m now? If anything, with 3 more upliftings in the next 6 months (excluding the one due within 2 weeks), we should get a better cashflow improvement than last's $22m, no? In my prediction, I said $25.5m! I think I might be closer than your's!

I think that what the current BOD will do is to work hard to eliminate the Bondholders in the next 6 months and AFTER that they public their plan for a NEW producer.

Do not worry, you will need to update your doom model (which has been predicting the end of HUR for the last 18 months!) further.

[fsawatcher] 29/9/2021 08:19

told it a dead dog bounce dunt I

dis got nuffink avo dey pay debt holda off

nuffink at all

[ngms27] 29/9/2021 08:08

Look at JSE ;)

[kaos3] 29/9/2021 08:07

with CA having 25 % of HUR and no cash I am waiting for 3 magic words:

- FO
- capital increase

after that I ll be adding again.

I see huge opp in the sector being realized by oil Cos that have no debt and are raking in cash as crazy. They will band together and take on indebted oil Cos together or by buying their assets for pennies.

The non or low divi paying ones ;)