Hurricane Energy Share Discussion Threads

[leeson31] 20/10/2016 12:33

my god, i think even advfn have made it so that you cant post screenshots after using tinypic etc..

[leeson31] 20/10/2016 12:32

i think they have removed it now.. i see only one ref to shareholder circular and noptice but for 18th april 2016




but theere's summit going on :-)

[garymegson] 20/10/2016 12:22

View source search for 2016 and you will find it. Pasted below not sure how it will come out on here! (Edit had to remove the rest of code)

content="Shareholder Circular and Notice of GM dated 20 October 2016"

[brahmsnliszt] 20/10/2016 12:21

cant find it. whereabouts pls

[terry hardacre] 20/10/2016 12:18

Sorry struggling to see that - it may be a Mac 'right click' issue

Could somebody do us the favour of c+p'ing over here, just out of curiosity to see what it says

TIA

[garymegson] 20/10/2016 12:12

Yep it sure is. Expect to see this later today then.

[tiltedtrader] 20/10/2016 12:02

I right clicked on the shareholder circulars page and clicked on "view-source". Sure enough LT it is right at the top

[garymegson] 20/10/2016 11:34

Thanks to lonestag

9/30/2016 SPD GROUP UK NORTH SEA L PSV 1 WELL 30-60D FRM + 1 WELL OPT commencement 11/1/2016
NORMAND ARCTIC 10649 DP2 / 986 M2 SPD GROUP UK / SUPPLY DUTIES, 1 WELL SVG 10/31/2016
ESVAGT CELINA
1945 DP1 / 100 M2 HURRICANE UK / SPD UK 1 WELL SUPPORTING SSDR TO SPITSBERGEN CA. 120 DAYS ABZ 11/2/2016

hxxp://reports.platou.com/Pages/NorthSea.aspx

[puzzler2] 20/10/2016 10:28

I'd be happy with that too!

[leeson31] 20/10/2016 10:27

id prefer a thursday pm, puzzler, purely because im impatient.. :-)

[puzzler2] 20/10/2016 10:22

A possible GM announcement means whatever management have in mind needs shareholder approval - that won't be for debt or farm-out (too early for F/O anyway) - it must therefore be a placing. I'd reckon on Kerogen and CA taking a bigger slice, rather than new fundies coming in - much better for fundies to buy in the market and chase our share price up! HUR seem to like Friday announcements, so perhaps all will be revealed tomorrow?

[leeson31] 20/10/2016 10:04

its Lincoln next, and theres an unrissked 150mmbo 2P on this asset. its only 7km away from Lancaster. Theyve already proved theres materially more oil in place on lancaster, so further success on Lincoln would de-risk these two assets further.

imo, lancaster is ~70p to ~80p/share NAV ( using a meagre ~400mmbo 2P at $2.50/b = ~$1.b / 981m shs / 1.23 cable rate = 82p)

Lincoln has 150mmbo on 2P pre imminent drilling, at present that stands at 31p/share..

all to play for... and POO is rising too...

[ltinvestor] 20/10/2016 10:00

Leeson.Yes it was dated 20 th Octobet 2016. LT

[laserdisc] 20/10/2016 09:59

Lt I did check again suppose they have to syc with runs release every possibility runs logged then we will see later

[leeson31] 20/10/2016 09:56

and was it dated today, LT ??

if so, id say you're prob right in that we'll see an RNS soon enough...

logically, its the only thing they need to do now... they hit big oil, base case materially increased, they selected a sub sea provider, theyve flow tested 14,500 stock tank barrels per day........ financing next...

[leeson31] 20/10/2016 09:54

given they have no debt at present mr Roper, id say they'd stick to placings..... with debt youre too sensitive to price of oil, as theyre is usually covenants attached to the debt in regards to price of oil, whereas with dilution/placing, negates debt, and uktimately wil be better value for shareholders..

the price action does suggest to me there's a placing, and that does make sense of course as theyve just hit a biggie on lancaster, they have a jewel now, and best to keep 100pc WI by a placing and taking to production..... this may be their intention, and of courrse they make receive an offer for the asset as time goes by, and theyd still have cash to continue with their business model of shoring up their remaining assets...

i see no negatives, and imo the share price is at a massive discount to the NAV on Lancaster alone.. (imo nav/sh on Lancaster is ~70p)

I just want the bloody placing to take place. lol and just get on with it..... if they do, id guess a placing price ~37.5p area.... and id buy some more if the share price was to open up at placing price... but i do believe post the placing the brakes will be off!

cheers

[ltinvestor] 20/10/2016 09:52

Laser.Ckick on website , go to shareholders circulars and it was directly underneath the April announcement!!! LT

[mr roper] 20/10/2016 09:48

I'm hoping it's equity raise and not debt. Any ideas which is most favoured?

[laserdisc] 20/10/2016 09:45

Lt re funding plenty of big players will want a share I am sure it will be oversubscribed and that's before we open the data room again

[zztop] 20/10/2016 09:43

Sp non movement is shouting fundraising?

[laserdisc] 20/10/2016 09:40

Lt investor good find I did have a search but to no avail

[ltinvestor] 20/10/2016 09:31

Puzzler, can't believe the lack of response to this finding.They are obviously preparing to put out this announcement very shortly and I suspect it will be regarding a fundraise hence a GM.LT

[laserdisc] 20/10/2016 09:31

They probably are keen to get as much news out as they can they must be very busy I can wait, but markets don't like waiting anyhow all positive for me