Hurricane Energy Share Discussion Threads

[stockhunters] 29/9/2021 16:47

derampers having a hard time

[ngms27] 29/9/2021 16:38

TRADOIL, you wouldn't recognise a flying Scotsman if you saw one. I'm going to go and play with my Deltic and APT now, one of which I helped design. What a Bullet that turned out to be when they stopped the freezing issue and allowed it to go full tilt.

[ngms27] 29/9/2021 16:35

Nope wrong gain. I've made it clear profits can be made trading this stock, all my comments are around the end status of equity which is why I keep saying don't get left holding the baby.

Fundamentally well 6 alone will not produce enough cash flow to both pay off the bonds AND return 4p to shareholders. Thus the current share price has an element of hope built in.

[stockhunters] 29/9/2021 16:07

oil flying

oil 80-90 will see HUR 7-10p imo todays rns was a non event well done to those who bought in the panic this morning

[ngms27] 29/9/2021 16:01

cyrilsneer1, care to back that statement up showing workings?

I've shown why I believe that will not be the case.

[cyrilsneer1] 29/9/2021 15:59

POO reversed and gone positive again, at this rate the bonds will be paid off in double quick time.

[ngms27] 29/9/2021 15:54

Bond holders maybe thinking this:
1) It is probable HUR won't be able to find the $163m to pay back in July 2022
2) There is a chance that production could cease any day in which case we take over the cash pile and assets
3) We might be able to sell the assets or have joint interest with a third party in whatever CA's master plan is and make more monies as this seemed the outlook from the BoDs proposed shafting of shareholders and do better than Par
4) The nearer this gets to deadline day the better our position

Note HUR can borrow up to $23m without Bond Holder approval though Bond Holders might test such a move in court and claim insolvency.

[stockhunters] 29/9/2021 15:46

bonds are up, they are not buying it and anyone that sold this morning should not have listened aswell

I dont think they did todays rns with permission from CA I think they did it to say f u to CA

[cyrilsneer1] 29/9/2021 15:45

You could be bang on, seems we still have buyers in the background.

[sji] 29/9/2021 15:42

I think that some are not understanding well this morning's RNS. CA has now total control of HUR's BOD and therefore, this morning's RNS was issued with the blessing of CA - definitely!

This morning's RNS intentionally introduces uncertainty for the Bondholders. So, when HUR issues a second offer for the bondholders in the coming months, they will think twice before rejecting it again! Let's say HUR offers Bondholders 85p or 90p and there is the possibility (remote as it maybe) of bubble point within a few months that ceases production altogether, would it be wise to lose 10% of the bond value (having received 7.5% pa interest for all these years) and get out now? I think that several bondholders will accept the new offer. If this happens, HUR will reduce its debt again at a substantial discount! A win-win situation.

After paying off the bondholders, the situation at HUR will change dramatically.

[stockhunters] 29/9/2021 14:53

they reported what they said in a previous rns and squashed a great rns yesterday

directors have on purpose done todays rns for no other reason to put middle finger up at CA

I am backing CA and think they will easily come on top, market cap is insanely cheap

CA paid 19p

[officerdigby] 29/9/2021 13:51

Contrast 25th May 2021

"...Based on current trends, it is possible that the wellhead flowing pressure in the Lancaster reservoir may approach the "bubble point" (the point at which gas is liberated from oil within the reservoir) in late 2021 or early 2022. We are currently in a discussion with the OGA on an addendum to the Lancaster Field Development Plan to allow reservoir pressure to go below bubble point, as an emerging gas cap may provide a "piston" like effect where oil in the Lancaster field is driven into the producing wells. Our production guidance for 2021 is 8,500 - 10,500 bopd, which is based on an FPSO production uptime assumption of 90% and production from the P6 well alone..."

with 29/09/21

"...Based on current trends, management estimates that wellhead flowing pressure in the Lancaster reservoir may reach the bubble point by the end of Q1 2022, consistent with the time range estimation previously announced on 25 May 2021. Whilst this has been factored into the guidance for the Period, there will remain a degree of uncertainty regarding the full impact of this, along with the risk that gas liberated from the reservoir could be produced which could result in production either being reduced or ceased altogether..."


So bubble point time prediction has been put back.
But the wording of what implications are have been written more negatively.

[mirabeau] 29/9/2021 12:58

WTI Crude $(74.75) not Brent Crude ($78.4)

[marmar80] 29/9/2021 12:56

Wonder if CA bought any shares today, seems to be a perfect chance for them.

[stockhunters] 29/9/2021 12:53

chess game between board and CA

CA will win

[cyrilsneer1] 29/9/2021 12:30

You must be seeing different prices to me?

[stockhunters] 29/9/2021 11:58

oil hitting 75 again

[ngms27] 29/9/2021 11:36

Steve73, regarding WI's creating fractures, in sandstone and limestone yes but in Granite?

Look at what happened with PHAR and others. I actually think it's too late for a WI in Lancaster as water cut will materially increase given the current base level but that's another story...

[steve73] 29/9/2021 11:05

A chunk of fresh equity now or soon would allow HUR to pay-off the BH's early, and this would free them up to drill both the new producer and WI during 2022 weather window, whilst (hopefully) well 6 keeps paying the bills & drilling campaign.

Unless the BH's are discharged HUR will be unlikely to be able to commit to drilling in 2022, and by the time the new wells are available, well 6 will almost certainly be non-operational, even in the most optimistic case... And that would lead to the AM becoming redundant for a period.

ngms, re. ..172 - WI's normally create their own fractures.... but it's important that they don't create a "shortcut" to the producers.. Usually just getting into the aquifer is enough.

[stockhunters] 29/9/2021 10:51

"the news is just a re-iteration of news released on may"

shhhhh CA are collecting

[telbap] 29/9/2021 10:48

So the news is just a re-iteration of news released on may this year?Did I miss something else?