Hurricane Energy Share Discussion Threads

[bones] 28/12/2016 13:14

oilretire, to be honest, I am never quite sure whether it is in BP's interest for that deadline to be met or not :)

[oilretire] 28/12/2016 13:04

Yeah, cheers, I remember that, but no one really mentions that, it's nearly always because BP 'owns' Clair, which of course the don't entirely.....

[bones] 28/12/2016 12:49

oilretire, the reason BP are often linked is because of the existing contractual links between HUR and BP, namely that BP are contracted to buy up to 55M barrels if HUR produce oil before April 2020 (in very basic terms). See p265/266 of the AIM admission document:

[oilretire] 28/12/2016 12:44

Well I can't find post 13467??Always makes me chuckle when BP gets mentioned as the default buyer just because of Clair....Shell owns just as much Clair equity up there & over at quad 204.Maybe Shell if they 'imminently' sell a large packet of NS assets as currently being reported every week or two? Politically it would make sense to counter negative headlines accusing them of pulling out of NS.....which of course they're not.Could be Total who have already down sized their stake in their major WoS asset....Could be any of the above & number of others....Personally IMHO, unless anyone goes hostile there won't be a take over until after the EPS is months/years down the line.Some sort of farm out, yes, but not an agreed take out at this early stage.

[gary38] 28/12/2016 12:23

- Temporarily suspended farmout discussions in June 2016 until completion of the Lancaster 7 Wells and subsequent analysis - expect to re-open data room by end of year.Hopefully that will happen in the next 3 days if so probably let us know next week.

[bloodhound] 28/12/2016 11:33

"I am confident the number will be over 1billion."

Me too:-)

BH

[cashandcard] 28/12/2016 11:33

Bloodhound,Yes, found it after updating ...Cash

[gary38] 28/12/2016 11:32

Sounds good to me Cash

[mrx001] 28/12/2016 11:32

For each of us!! lol

[cashandcard] 28/12/2016 11:28

Bloodhound,I am confident the number will be over 1billion.Cash

[bloodhound] 28/12/2016 11:26

Cash - The post is still there: 13467 I think this is the one you're referring too.

BH

[zztop] 28/12/2016 11:24

Maybe that's why it was removed.. In discuss?

[cashandcard] 28/12/2016 11:23

zztop,Thanks.Btw, that's a derisory offer given what we know.Cash

[zztop] 28/12/2016 11:23

But I think we all think that, but it's nice to have it confirmed if that's the rite word?

[zztop] 28/12/2016 11:21

Said his mate in the city thinks 85/105 take out price is a no brainer...BP?

[bloodhound] 28/12/2016 11:20

Mm, so what do you all think our asset numbers will be when the CPR is issued?

BH

[cashandcard] 28/12/2016 11:17

Folks,Can someone give me an idea of what gregpeck stated in his post, advfn have removed it?Cash

[thegreatgeraldo] 28/12/2016 11:17

API of 38 at Lancaster,

[gary38] 28/12/2016 10:57

Also Leeson we potential will smash throught major resistance and then there is only open blue sky above.

[leeson31] 28/12/2016 10:53

agree Gary.. id say the least risk asset now is halifax as lancaster lincoln and haliax almost clumped together...... i think the share price wil reflect the derisking post halifax.... and there maybe buyers in for halifax to get the share price above or towards 60p..

[gary38] 28/12/2016 10:53

I think HUR will hit 60p before Brent crude oil hits 60$.

[gary38] 28/12/2016 10:45

Halifax is going to be another great result Plus data room opening will send HUR towards 60p.2017 is going to be a very exciting year for Hurricane Energy.