Hurricane Energy Share Discussion Threads

[this time it will be different] 03/11/2016 10:12

I agree. A scandalous election for the world's leading superpower to be holding. Both presidential election candidates are intolerable and grossly inappropriate front runners.

How DID it come to this?

[this time it will be different] 03/11/2016 10:10

The price of Silver this morning, suggests it could go either way, ie. - the wrong way!

[gary38] 03/11/2016 09:44

What's happening in USA will have no effect on HUR as fracking in the USA has don't it's worst already i.e oil price.HUR is a winner and will return us the investors here great returns.

[leeson31] 03/11/2016 09:21

valid thoughts/concerns Cash... i think a brexit style selloff, then resume perfectly as the macros were....ie, up... i think the $index will be volatile, but ppl continue to buy Yen and swissy and gold, as they have been for some time as per cot report.... usually/typically a strong dollar is bad for oil price and they dont usually tandem as they have been in recent weeks, so personally im not assigning the typical correlation....

[zztop] 03/11/2016 09:20

leeson fully agree!

[cashandcard] 03/11/2016 09:19

I think a Trump presidency will lead to a market sell off. However, it will bounce back overtime. What I am more interested in is what happens to USD. Will a Trump win lead to capital flight and weakening USD? If so, that would be good for Oil Gold and all dollar-denominated commodities.Cash

[leeson31] 03/11/2016 09:14

does anyone else think Hillary is just a career politician criminal? i do... she has fk of a shady past, and effectively is the establisgment vote imo.. i think ppl need a change, even if its an unknown..... things are changing in the world.. weve had the arab spring uprisings against rrepression, a brexit, even in the isle of man where i live weve just had general elections and the iom voted almost a completely knew house of keys (equiv of your MP's house), last trick for me would be a Trump win...it hink he could restore relations with china, russia, and not apply such an aggressive foreign USA policy.. look at Clinton, and her actions on the emails scandal, the benhazi lying, i could go on for ages with her abismal past, and americans, well half of them, like her!? wtf.. she's eveil, not to mention bloody too ill to to the job. lol

:-)

[terry hardacre] 03/11/2016 08:53

TG - if Trump becomes President we'll all have the opportunity to buy HUR at ultra bargain prices. Trouble is they'll probably stay at ultra bargain prices this time round.

Come that event I think I will echo the great Lloyd Bridges:

[leeson31] 03/11/2016 08:47

yeah, i mean fundamentals in terms of the equity being undervalued with it being at a discount to NAV on lancaster alone.... not particularly earnings/profit from HUR.... though the EPS at 20k bopd on ~$45/b on 330 up days, would gross ~$297/m or ~£243m and opex/b for north sea oilers around ~$27/b, leaves net income per/b at ~18/b or ~$118.8m/annum or ~£97.4m/annum which is ~12.3p/share

Given the share price at ~37p, and potential eps ~12p/sh in 2019, even on a projected profit basis that puts the PER on a very low ratio....

[the guardian] 03/11/2016 08:41

Terry, if Trump becomes President, money will be the last of my worries. Commander in Chief!!!!!!!

Leeson, I invested on fundamentals and am reasonably sure that HUR will be very profitable one day but if anything does go wrong - like a duster for example, I would prefer to get out with a little profit rather than a loss.

Control - I just hope that the share price recovers quickly once the open offer is over.

[control1] 03/11/2016 08:24

Chaps, temporary event only. There are roughly 10 million shares on the open offer and a good news day will easily do that number and more...

[leeson31] 03/11/2016 08:23

one always needs wiggle room after entry Guardian.. :-)

the share price is only hovering around because of the resolution which needs passing on Monday ....

are you playing the chart?? or investing in fundamentals....

[terry hardacre] 03/11/2016 08:23

TG - I know what you mean, but the share price activity can't be unrelated to wider market weakness: POO and the prospect of a Trump presidency...

[idleduck] 03/11/2016 08:21

Classic and horrible hammer down of a promising company's SP!

[laserdisc] 03/11/2016 08:14

I will wait to see how many we get in oo excess ,applied for 5 lots of 10,000 shares in diff accounts so if its scaled back hope to get 50% of what applied for, if I get none then will buy some more in open market, be interesting to see if different brokers allocate differently

[the guardian] 03/11/2016 08:13

Agreed, but with an average of 40.8p and nothing left to buy more, it doesn't look too good from where I'm standing.

[leeson31] 03/11/2016 08:04

at least ppl cant complain, now, that they couldnt get 'in' around the placing price... to be in at ~37p on a 34p placing is pretty good imo...

[the guardian] 03/11/2016 08:02

As someone who started investing too late to take advantage of the open offer, I must say that it has been a disaster for the share price. It appears that some people are selling shares in order to finance the offer and then once the shares are released, some people will sell the shares to make a quick profit - assuming that the share price isn't down to 34p by then.

After about 15 years of investing, I just wish that I could get it right for once and see profit from day 1 instead of always waiting for months or year just to break even.

[laserdisc] 03/11/2016 07:53

UT close yesterday 37.25p over 2m in late trades yesterday suppose its all to do with placement book runners jockeying for positions

[laserdisc] 02/11/2016 20:05

just for information
KINGFISHER bulletin updates fortnightly
List
At well 205-21a-7
Anchor 1 - 60°11.995'N 003°53.618'W
Anchor 2 - 60°12.593'N 003°53.075'W
Anchor 3 - 60°12.844'N 003°51.755'W
Anchor 4 - 60°12.572'N 003°50.567'W
Anchor 5 - 60°11.918'N 003°50.052'W
Anchor 6 - 60°11.324'N 003°50.619'W
Anchor 7 - 60°11.074'N 003°51.924'W
Anchor 8 - 60°11.346'N 003°53.111'W
Seismic
Western Geco Ltd
MV WG Amundsen
5BXE2
9000m
20m
60°40.263'N 004°26.732'W
60°24.077'N 004°44.272'W
60°21.101'N 004°56.672'W
60°18.029'N 005°32.348'W
59°38.631'N 004°14.476'W
60°05.510'N 003°19.253'W
WGS84
UKCS Blocks 202; 203; 204;
205

[jacks13] 02/11/2016 13:36

The Group Strategic Report as recently as June of this year is telling us that they are intent on developing the GLA as a package. The data gathered from Lancaster and eventually Lincoln and Warwick (or whatever choice they settle on) will complete the picture and enable them to tie a pretty pink bow around it for presentation to the eager suitors. I think substantial news is likely to be some months away yet, perhaps as late as May or June, assuming drill results turn out positive.

[gibso6767] 02/11/2016 13:28

Jacks massive ventures require massive amounts of capital and time .

Over time certain things are and aren't in control the ongoing malaise of Oil being one example .

I'd prefer sales of acreage and partial ( free carry of possible production )

I'd say with Kerogens involvement ,recent and ongoing gleaned well and reservoir data negates and plan that doesn't involve this data

[jacks13] 02/11/2016 13:13

Hurricane’s preferred plan has always been to develop the Greater Lancaster Area (GLA), not Lancaster in isolation. The 2012 (annual report) COO’s Review said:

‘During 2012 we engaged with third party companies to help
Hurricane progress our development concepts for Lancaster.
The results have been successful in substantiating the concepts
and have also helped us prove a phased approach to deliver
what has become known as the Greater Lancaster Area (GLA)
development. The concept of the GLA is to bring Lancaster and
Lincoln together as part of a single development. The approach
has helped us put in place the resources and plans to deliver our
near term milestones in 2013 and 2014, leading to first oil
in Q4 2018.
Considerable progress was also made during the year to
enhance the strength of Hurricane’s operational and technical
teams through the inclusion of a number of industry recognised
and respected individual specialists and companies. With these
specialist contractors on board we will be able to progress the
development of the GLA targeting internal sanction in the
second half of 2015.
Following the concept selection studies, a preferred approach
has been identified. Subject to successful operations in 2013
and 2014 and the likely inclusion of a development partner,
the Lancaster field will be developed using a number of subsea
production wells drilled from several drill centres. The drill
centres will be tied back to an FPSO (Floating Production
Storage and Off-loading vessel). Oil produced will be processed
on board the FPSO and exported by shuttle tanker. Any
associated gas is expected to be exported using a pipeline.
The first phase of the conceived production period would run
for approximately two years, working from six Lancaster wells
and one on Lincoln. This period would enable Hurricane to
analyse reservoir pressures and make regular surveillance of the
wells to confirm whether “unconventional” oil is also present.
If it is, then the second phase will be presented to the Board
for sanction and then initiated to incorporate the full field
development of the GLA assets.’

When they embarked on the Lancaster 7s campaign earlier this year they, presumably because of cash constraints, were intent only on proving Lancaster and the objectives outlined at the time made no mention of the Lincoln prospect. The success of the 7s campaign has allowed them now to raise further funds and revert to their long-term plan.

The 2015 (annual report) Group Strategic Report said:

‘Lincoln’;s proximity to Lancaster leads us to believe that once
we can prove the resource and, subject to obtaining the
required funding, it could be developed jointly with Lancaster
as a single large development that we refer to as the Greater
Lancaster Area, or GLA.’

So it looks like any potential farmin or sale will likely be for the entire area which points to a major being involved.

A look at the Admission document shows that BP have been involved with the project from its early days including a material contribution by BP towards Hurricane’s pre-IPO fundraising in 2013.
In fact if you look at the Admission document you’ll see BP’s name all over it. So to me it looks likely that BP have been, and maybe still are, very much involved.

[hopeful holder] 02/11/2016 12:48

Control 1. Re price dip after placing. Supply and demand. .. Those invested and looking for opportunity to add may / will have done so from the 34p offering. Demand reduces from pi's. Some pi's may trade if able to make margin if they went overweight eith stock. Points to a potential over supply of shares in a market for a period or at the least, a reduction in demand dye to placing. Happy to be proved wrong but I'm not that worried as I'm holding for a number of months rather than weeks.