Hurricane Energy Share Discussion Threads

[bionictroller] 30/8/2024 15:23

Did you speak to Mason Doick at JPJ ? He has my instructions. I want 5 million DCU 2's at 1.8p and will pay no more.

of course they haven't heard of "kever" as this is my BB name you fool. They will have my real name you fool

Remember folks Senseman is the liar who said Prax were in no talks abour any acquistions as he had 2 impeccable sources tellng him this. I said that Prax were in talks with numerous company.

A couple of weeks later Prax announce the purchase of north sea assets. They are also close to buying more such assets.

So folks don't believe a word the scammer Senseman says.

[senseman] 30/8/2024 13:15

Senseman LSE: RE: DCU 229 Aug 2024 09:11
I did. They don't have 5 mill DCU 2's to sell. Nor instructions to find buyer for such. And have never heard of you.

So wide-boy has £80K sitting idle in his post office account?

Lovely game. I'll offer 1.9p per DCU 2 for 5 million.

[bionictroller] 29/8/2024 21:10

I am looking to buy 5 million Prax DCU 2's.

I am willing to pay 1.8p per DCU (last trade was at 1.82p)

if anyone is interested contact JPJenkins

[fat frank] 29/8/2024 16:02

Hi Laser - they may have moved their usual Sept maintenance forward due to relatively low oil price.

[laserdisc] 29/8/2024 08:18

I keep looking as of today
Last offload was17th May
Production since
14 days May
30 days June
31 Days July
say 29 days August
TOTAL 104 DAYS... LESS 15 DAYS MAINT... =
89 days @ 6660 would give 592740

The Aoka Mizu storage around 600,000 so must be imminent then again we do not know if maintenance is ongoing and production for months July /Aug is also an estimate we should be updated next week with July production on this link


This will be the first offload when it happens for the March 25 payment calculation

[fat frank] 28/8/2024 19:08

Hi Laser, any sign of a tanker? Looks like we may have missed a cheeky little +$80 opportunity

[laserdisc] 28/8/2024 16:17

last payment in march was Deferred Payment per DCU £0.00617p .
It should be around £0.008come end Sept depends on what currency rate they will use

[fat frank] 28/8/2024 16:13

Opps! I was looking at £0.008!!

[bionictroller] 28/8/2024 14:39

No

0.8p to 0.85p per DCU

[fat frank] 28/8/2024 14:13

0.008p -0.0085 surely???

[bionictroller] 28/8/2024 13:32

0.8p-0.85p end Sept

[jam2day] 28/8/2024 13:26

Do we know when the next DCU payment is and how much that may be!!

[laserdisc] 23/8/2024 11:41

still awaiting August offload latest

Atera Wave at mcduff

[laserdisc] 13/8/2024 05:55

Thanks Scaleyman flight out to Aoka Mizu this morning 10:30 FLIGHT 61H PRAX UPSTREAM LIMITED 14:15 EGPD / AMIZ / SOLN /

& Altera Wind departs Rotterdam this evg

also Jasmin Knutsen tanker anchored at Aberdeen& Nansen spirit arriving this evg. Altera Wave would be also one to consider presently at Southwold will be unloading Enquests oil prob depart @ week -end. Should be news of August uplift soon just a matter of location of tanker, when they know how much is onboard Am for release. Good to see Prax have invested in further fields that will hopefully give the dcu's more potential around Possibly Q1 2025 so ex hur shareholders may see the full 6.48p from just the DCU as it stands its granting 17.5% of net revenues until 31 Dec 2026 so could be final payout in March 2027.assuming full value is delivered then hur shareholders would have received the max 12.5p as outlined in the takeover offer

[scaleyman] 12/8/2024 19:11

laserdisc appreciate your ongoing analysis and input - thanks.

[fat frank] 12/8/2024 09:53

Brent just crept back over $80.....

[laserdisc] 10/8/2024 08:02

correct circa mid august ,@ 6660 b of oil per day FOR JUNE& similar for May i continue to check the tankers possibly arriving, there are a few likely candidates around 14th.

Last offload was17th May
Production since
14 days May
30 days June
31 Days July
say 14 days August
TOTAL 89 DAYS... LESS 10 DAYS MAINT... =
79 days @ 6660 would give 526140
OR discount output by say 5% would = 79 days @6330 500,070
IF NO MAINTENANCE then we are now filling reserve tanks which is fine awaiting a higher oil price poss ?

[porrohmahnn] 07/8/2024 07:25

I've updated my charts using the latest Lancaster Field data to June 2024 on the NSTA website. On a 12 month moving average basis, the rate of decline in oil production continues to diminish as does the rate of increase in water production. If recent trends continue (a big "if"), it's difficult to see oil production falling below 6mb/d or water production reaching 70%. Gas percentage has reduced marginally on a 12 month moving average basis after reaching circa 7.5% in Jan/Feb 2023 and has stabilised at circa 7.3%.

There must be another tanker due circa mid August, subject to any annual maintenance?

[senseman] 09/7/2024 15:36

From: senseman LSE:

RE: BELATED GOOD NEWS + PERSPECTIVE (non-nutter variety)8 Jul 2024 11:58
My heart gladdens to see how much I remain in your two bozos' tiny minds. Such angst & serial baiting recently..). And I post for the first time in ages - & within hours you misfits are compelled to respond. No patience, no style, no class...).

You may call night as day trying to rewrite history for ever - ex HUR SH's won't buy it. You don't even lie skilfully. Below is copy & paste of my view expressed 25 Feb 13.34, ie: 4 MONTHS before Prax announcement - verifiable by anyone clicking on 'senseman' to view my posting history (read para 2). 4 MONTHS - not 'a couple of months', dear Chief Nutter.

"senseman

Posted in: HUR.L

Posts: 3,164

Price: 0.00

No Opinion

RE: DCU 25 Feb 2024 13:34

Crucial to whether we hit 12.5p.p.sh max via DCUs is whether Prax/HUR purchase current oil or gas producing assets under the HUR banner. Because profit from such is added to well P6 profits, from which our 17% DCU quantum flows. The promise was that purchase of such assets would be pursued in order that HUR's tax credits could be monetized.

A month ago I I expended several hours difficult grunt work ascertaining from 2 impeccable sources - whose position and interest would be advantaged to report that producing assets were being procured - that to date no such purchases had been attempted, and that no dialogue with any possible producing asset was currently occurring. Since I want and need DCU's to bring us 12.5p.p.sh total at least if not more so than most, it depressed me having to report what I had found. Intelligent readers know that if I report something as fact, it can be relied upon."

Have a nice day........I can already hear & smell the pair of you stewing in angst once more. x

[senseman] 07/7/2024 16:41

From: senseman LSE:
BELATED GOOD NEWS + PERSPECTIVE (non-nutter variety)Today 17:32
WELCOME NEWS

Prax 27 June announcement to buy a producing asset is welcome, long overdue good news presenting a fighting chance of us seeing 12.5p.p.sh, rather than the projected 9.5p - 10p. 12.5p will remain uncertain for several reasons:-

(i) The transaction requires regulatory agreement, and also will not be completed till Q1 2025 - there being many a slip betwixt cup and lips.

(ii) From HUR sale June 23 to end Q1 2025 will be circa 21 months. End Q1 2025 - end 2026 will be circa 21 months. We will have only 21 months to receive the benefit of 17.5% from the newly purchased asset.

(iii) HANK13's basic calcs showing we will need to achieve circa 3.8p. p.sh from the 21 month 'dual producing asset' period to achieve the 12.5p total illustrates that it will be tight, and that we may still not get there. Also, remember that part of the new producing asset is gas ie: oil equivalent - of which, unlike oil, we currently have no idea of selling price/17.5% profit looks like. It could be more, or less, lucrative than oil sales.

PERSPECTIVE

Whilst Chief Nutter & his bagman scream the usual verbiage they deliberately omit to point out that:-

(a) My good faith comment//opinion was posted 25 Feb. Prax's announcement was 27 June, ie: 4 months later. I don't post in bad faith, and trust my sources. It is wholly possible that Prax & Total commenced talking post 25 Feb to be able to announce a proposed deal 4 months later on 27 June. Planned deal completion not until Q1 2025 suggests a deal in principle speedily agreed, leaving much basic due diligence remaining to be done.

(b) In reiterating my opinion on 30 March I wrote ... '....I doubt a purchase will occur in time to do us any good. I REMAIN HOPEFUL I AM WRONG' (my capitals).

(c) Or is it their obtuse logic that despite my urging Prax to buy a producing asset because I need the money 12.5p will bring, that stating an honest opinion that I doubt such will occur makes me a liar?

OVERVIEW

Prax's proposed purchase of a producing asset which hopefully will see us achieving 12.5p via 17.5% of cargo sales revenue again highlights the betrayal of HUR SHs by management in selling HUR for a song. A deal of course, applauded & supported by the Chief Nutter & his bagman. The forever question for all reasonable ex HUR SHs being..'What would the SH be now if HUR had not been sold. & management had bought a similar producing asset? when:-

1. P6's exceptional production performance & +$80Brent price have already shown HUR/PRAX's P6 standalone profit figures to be a self-serving fairy tale.

2. HUR management could have (as all urged) bought a 2nd producing asset akin to that which Prax are now doing

3. The 2nd producing asset, via it's ability to jointly use the AOKA Mizu, will lower P6's production costs and thus further extend it's commercial life.

4. We would not be limited to receiving only 17.5% of offload sales.

Time will reveal all. Good luck to all. Ignore the nutters

[bionictroller] 28/6/2024 20:14

I am voting REFORM UK so when the filth invades us they are sent straight back to France