Hurricane Energy Share Discussion Threads

[davidblack] 21/10/2016 10:58

Looks like a few of our new "Long term investors" at 34p are selling out with a 5.5p profit for free!

Once they are gone we should start to move up as "Someone" is buying big time today.

5m shares traded so whatever is coming from those new institutional placees is being scooped up by real funds who clearly liked the story and wanted more.

A couple of days of indigestion and then we will have a clean market in the stock.

[thanksamillion] 21/10/2016 09:51

The OO is small beer I know, and apologies if anyone has mentioned this point earlier, under the OO terms your entitlement was based upon shares held on the 18, for those of you with no cash available or unable to add funds due to ISA full [Terry] there is the option to sell existing holdings in the market at the current price - of HUR or any other share to generate the cash needed for the OO at any time between now and the Nov meeting. With such small quantities however costs will be a burden.

Happy days.

[kooba] 21/10/2016 08:44

If hurricane want to move into the big league they should get some credible big league advisors....maybe just stay with Macquarie only?Btw not a fan of Cenkos !!

[garymegson] 21/10/2016 08:44

Finncap new target 72p

[kooba] 21/10/2016 08:43

HiddendepthsAnd it's always been called insider dealing !By depressing the price ahead of pricing they have impacted on the issue price meaning retail shareholders have suffered more dilution than they should have.They are meant to have tightened up on this behaviour but it seems rife esp with anything to do with Cenkos as far as I can tell .

[leeson31] 21/10/2016 08:41

great vols...

HiddenDepths: i agree the Sp will be up, but ive a feeeling it'll run well much sooner.. look at SOU... FXPO... quite a few stocks ive seen recently have risen a lot in a short space of time on good news.... i think HUR's news of late is enough to do the same for a good run... i think 75p area pre Xmas....

[nicebut] 21/10/2016 08:36

Some large trades moving this?

[hiddendepths] 21/10/2016 08:35

This is another clever move by the company IMO. I particularly like the new institutions getting on board.

Clearly the talking of this issue around the City is what has held the shares back in the teeth of almost unbelievably good news. Some fund managers always sell when they know they shouldn't because 1) They can replace the shares they sell at a lower price and 2) It makes the Placing price lower, thereby giving them more of a bargain. 'Twas ever thus in the City!

If I had to guess, with my former oil analyst hat on, I would suggest that the shares could hit 60p this year and wouldn't be surprised by 80p. Next year should be better!

[mike_f] 21/10/2016 08:35

Plus a 630,000 & 450,000 buy! Nice

[rich73] 21/10/2016 07:54

Many thanks laser disc, got the answer.

" With the accelerated procurement of an fpso turret buoy, moorings, risers, flow lines and other subsea equipment I think we are almost definitely looking at a scenario where all this will be installed in advance (possibly well in advance) of fpso arrival. Installation of this in the good weather half of the year with fpso hook-up the following season is a possibility as is envisaged with Premier Catcher. Given the time lag one loses the full benefit of insight. Saying that assuming FID h1 2017 then installation in the summer season of 2018 should be possible though tight. "

[ltinvestor] 21/10/2016 07:48

I'm looking forward to the Lancaster figures.Institutions do not part easily with their money and to raise £70m the Greater Lancaster field must have the potential be comparable to BP's field on the Rhona Ridge and the Norwegian Johan Sverup field .If that is the case then this field will be pumping oil for the next 30 years or more.......LT

[laserdisc] 21/10/2016 06:49

Rich I have asked unfortunate for me I am on mobile so over weekend I will be able to read all documents lots of info to digest

[davidblack] 20/10/2016 23:39

Clearly the financing of Lancaster is now sorted and the next big objective is to get the best incoming partner deal possible.

So I see the drilling of Lincoln and "One Other" as a way of demonstrating that The Greater Lancaster area is a massive "Multi target area" opportunity.

So what would the other drill target be?

And how much P50 do we think could come out of those two sattilite holes?

But if I am being "Base" are we prospectively looking at a £3.40 Lancaster price target or a £6.80 Greater Lancaster target?

The time it takes to get there oddly enough is in our favour as maybe oil will be $85 a barrel by then?

[gibso6767] 20/10/2016 23:34

There's very few things in life that are free ,once the funding is approved and mms have fulfilled orders the 34p price should be a distant memory

[kaytom] 20/10/2016 21:20

From todays RNS....

The Directors believe the Company will be in a position to make a final investment decision on the EPS phase of development in H1 2017, with first oil targeted for in H1 2019

[rich73] 20/10/2016 21:20

Regarding possible first oil timeline

"o secure the development timetable for the EPS by acquiring the Subsea Equipment, buoy, mooring and control system long lead items; and
o Purchasing certain long lead items now will reduce scheduling risk and reliance on EPS financing in H1 2017"

Does anyone have a handle of the lead time for the sub sea equipment?

I read over on LSE there was talk of purchasing the turret, therefore FPSO must be selected for FEED (hand shakes given). My knowledge is all onshore process eng. so I don't have a handle on the offshore equipment.

@ Laserdisc, I don't have an account on LSE, could you please ask that question about lead time.... I think understanding the lead time for say placing purchase orders before year end gives us the "real timeline" to first oil.

[zztop] 20/10/2016 20:49

Fpso deployed before end of 2016? I did read somewhere first oil 2017?

[laserdisc] 20/10/2016 20:31

What are they going to do with the Fpso in owning it so in advance of first oil. Either they have got this vessel for a song or first oil is coming on stream sooner than projections

[laserdisc] 20/10/2016 20:04

Volume over 10m today news spreading will accelerate demand for shares