Hurricane Energy Share Discussion Threads

[kooba] 30/9/2021 17:36

Yes I had noticed the bubble point being put back but they commented at the same time it was 'consistent with the time frame outlined in March ..err nope not really.Also leads to articles like the one below which I believe are misleading ...are the ceo and FD the biggest derampers ??I see production ahead of forecast , Brent ahead of forecast and the bubble point being revised back..and we get this!https://www.heraldscotland.com/business_hq/19613928.hurricane-energy-bracing-bubble-point-off-shetland/

[officerdigby] 30/9/2021 17:20

I thought they had a temp rolling permission to produce below the bubble point...The latest RNs actually puts the expected bubble point timing further on till end Q12022.When it was late 2021 early 2022 as per May.If they could tighten the choke post bubble you could be looking at production to cover equity a couple of times no?Agree a bit of gamble!

[ngms27] 30/9/2021 16:58

kooba, it was fair and proper that equity were given a fair chance of recovering value. Whilst I think it's likely there will be little or no value ultimately it was the corrupt City trying to steal any potential and causing equity an immediate loss that really annoyed me.

That's why I also object to BoDs granting easy options etc. just stealing from the trough at shareholders expense.

I agree you fought the corner admirably.

[stockhunters] 30/9/2021 16:54

oil surging back towards recent highs

[ngms27] 30/9/2021 16:46

The nearest play to HUR prior to the EPS right now is TXP. Multiple discoveries awaiting production facilities to monetize. I'm heavily invested there.

By Q2 2022 cash should be flowing in copious amounts from two proven and tested Gas discoveries.

If the recent Royston discovery proves viable on test then we could be looking at a double prior to XMAS and it's likely 1TCF plus recoverable, so large enough to support an LNG train on it's own.

[evilblues] 30/9/2021 16:44

There will always be undisclosed information that you are not privy to. Because of this you will at best, always be only half right.

[kooba] 30/9/2021 16:44

Won what fight..not with you?

Think I fought equities corner better on the restructuring and CA rather better than anyone ..though did notice your tempered horror at the proposals ..but since you think there is no value to equity you should have supported the move ..otherwise it doesn’t really makes sense does it?

Not sure Bluewater would go for a monthly rolling contract…but hope you are right has that would be superb news…more likely a 12 month with break terms.

There’s a lot of water to go through the old FPSO before a new strategy needs to be framed..got to lose those pesky bondholders first and maybe not show them additional potential value or they’ll be back trying to nick it.

No low blows fella..you like to put yourself up to shoot down ..your choice I guess. But you’re somewhat full of it and have the skin of a rhino so you carry on enjoying yourself ! Glad you hope the stock goes better..many won’t believe you!

[ngms27] 30/9/2021 16:43

sloppyg,

My model was around economic production which you well know was 10k bopd @$40 oil. It was the water cut that would put the production below 10k. @ $80 oil the economic cutoff is 5k bopd.

I've held my hand up and stated that my model was wrong and I also know why it was wrong, which was undisclosed information that has since been disclosed.

[ngms27] 30/9/2021 16:33

Kooba, -2 points for two below the belt punches. I'm going to go for the knockout blow over the next 6 rounds having already won the fight if I remain standing.

For the record I'd love HUR's share price to once again hit 58p and equity to be richly rewarded. I did fight equities corner against the CB Holders and was very happy that the right outcome was achieved.

However one has to accept that the white knight shareholder CA will be forced to exit it's position following the wind-up vote in November unless their activist shareholder can be persuaded otherwise. I also agree the windup will likely take many months and wont be instantaneous.

Yes I'm emotionally but not financially invested here at present as I see HUR as a pure gamble without any credible plan being put forward. I think they are looking to maximise return from well 6 by extending the FPSO on a monthly rolling contract post July 2022 and that it's likely no further work will be carried out.

[sloppyg] 30/9/2021 16:27

....that wasn't by any chance the same model that had the watering out 6 months ago ?

[kooba] 30/9/2021 16:24

Oh heck China’s going to the pumps to fill up now!

[kooba] 30/9/2021 16:22

Modelling..what is it good for...200p to absolutely nothing ...say it again ...and again ....and again.

[ngms27] 30/9/2021 16:14

sloppyg, you're wrong on many counts.

I categorically believe I was the first to raise concerns and fight the corner of the water source being the aquifer on ADVFN and did do lots of independent research to put forward this proposition.

I didn't lose 30p per share on HUR, but I did buy a tranche close to the top and at one point HUR was close to a farm bet being about 50% of my portfolio. My lowest and largest purchase was at 14p to put some perspective on this.

The reason it put my retirement back was because I had modelled HUR being over 200p per share now, so it was more lost opportunity cash that I thought was close to a banker.

The fact remains that the old BoD did not publish important information that would in my opinion have stopped the EPS going ahead had it been in the public domain. This was also again in my opinion a failure of the Competent Person Report to be properly objective IF they were provided all the data such as water saturations from samples taken below structural closure. They also conveniently dismissed what they judged to be an erroneous data point that we now know was in fact correct.

[stockhunters] 30/9/2021 16:11

oil blue again

[kaos3] 30/9/2021 16:00

eng and trice - huge difference

[kooba] 30/9/2021 15:53

If anyone knows anyone this might help please share.https://www.helpguide.org/articles/mental-disorders/narcissistic-personality-disorder.htm

[stockhunters] 30/9/2021 15:51

kooba common sense

[kooba] 30/9/2021 15:49

Explains the sour grapes..he had fallen hook line for Trice and got over exposed then cut and ran and now just wants the company to fail...bitter and twisted.

[kooba] 30/9/2021 15:47

'It doesn't help that there will also be over 25% of equity for sale in the market when Seba liquidate Crystal Amber in November either.'There is an upcoming continuation vote which will likely mean proposals are put in place over a period of time...Saba don't run it and won't be liquidating.BS as usual..and it's Saba can't even get the name right!You should just try and occasionally check your facts otherwise folks will think your just some demented deramper.

[sloppyg] 30/9/2021 15:44

NGMS

As you know it was DSPP on lemon fool who first called that one; you just belatedly followed suit.

Regarding your perceptions of what "being right" entails it is indeed an interesting one. You are on record here saying you lost circa 30p a share on HUR and that your over exposure on that investment had pushed back your retirement years.

If this is you calling it right then I dread to see what your wrong calls look like !

The only people that have called this right to date are the ones that considered it offered a better risk/return at sub 1p then it did at circa 50p with a £1Bn MC and unproven EPS.

Perhaps you should have applied the same relentless (and I mean relentless) forensics that you do now to your original investment case ?

[luckyjoe999] 30/9/2021 15:32

Post from lse bb today:

TopCat81
Posts: 372
Price: 3.304
No Opinion
Today 14:57

Don’t Sell Your Shares 4 Beer Money Here, Be Patient With The New BoD

HUR turnaround (along with that of the PoO) has already commenced, patience/time needed for the the new very much improved HUR BoD to sort out issues created by the crooked Ex-BoD, so make sure that you don’t get suckered into selling here, especially on low trading volume days like today and giveaway your soon to be extremely valuable HUR shares for close to nothing, DYOR, and GLA.

[tradoil] 30/9/2021 15:26

Fantasist.

[stockhunters] 30/9/2021 15:15

derampers out in force

[ngms27] 30/9/2021 15:10

evilblues, yes I'm the one who on here who called the water cut issue as from the Aquifer not perched with the share price in the 30's. It took the BOD ages longer to actually admit it.

You can add SOU,AEX,EOG,RR,AUL,SIA,GKP,PANR,AST and many others to that list.

I believe a conference call with AST precipitated the downfall of the then CEO as I asked questions he couldn't answer.

[evilblues] 30/9/2021 15:01

Out of interest have you ever actually got anything right re your speculative gems? I've seen you crawling over various boards for years now and never have I seen you call something correctly. Asking for a friend.