Hurricane Energy Share Discussion Threads

[leeson31] 10/2/2017 15:50

oil strong today.. wti 53.73

[rayrac] 10/2/2017 15:44

It will follow the oil up. Nothing to concern anyone.

[thegreatgeraldo] 10/2/2017 15:04

With Lancaster, it seems that the deeper the oil column they can prove up (& convince RPS), the higher they can push the RF. Key questions are how the water behaves as you produce oil

[leeson31] 10/2/2017 15:04

thats why i feel my figures are conservative ngms.... based on the min resource upgrades ie lancaster min 333mmbo, imo the p2 is 500mmbo initially, but after this weeks rns i up the 2p for lanc...

[sheep_herder] 10/2/2017 14:57

ngms, can you put down your thinking and sources of info? I'm new to this so it would be a good exercise for me to follow.

[ngms27] 10/2/2017 14:51

Well until we get the CPR it's pure speculation on my part.

[leeson31] 10/2/2017 14:42

hope youre not lol

[leeson31] 10/2/2017 13:58

i bow to the seimics :-)

[ngms27] 10/2/2017 13:39

You've materially underestimated Lincoln. At least 750m barrels IMHO looking at the seismic and ODT etc.

[taudelta1] 10/2/2017 13:25

jacks13 ... yes, softly softly, patiently!

[leeson31] 10/2/2017 13:20

sorry, freudian slip, i meant mmbo re halifax.

if halifax and lancaster are joined, then massive increase to estimartes, same for linc and warwick... warwick prob same as lincoln..

[cinques] 10/2/2017 13:15

Halifax.... mboe? Gas cap you reckon?

[cinques] 10/2/2017 13:14

It would be good to add Warwick to that list. And what about Warwick/Lincoln combined?Ditto Lancaster/Halifax?

[leeson31] 10/2/2017 13:00

i'l go for ~625mmbls 2P for Lancaster :-)

and i reckon Lincoln is ~475mmbo 2P
halifax ~300mboe 2P

[bloodhound] 10/2/2017 12:55

I think the CPR for Lancaster will be superb given that WH Ireland estimate 440mmbbl's and as AS in the podcast says, DrT will be saying 'give us a bit more than that' so 500mmbbl's+ (in my view) from Lancaster alone, then Lincoln, Halifax, Warwich, Whirlwind.....!

Interesting times ahead.

BH

[brahmsnliszt] 10/2/2017 12:19

Agreed Leeson. Very happy with the way this is performing.As always, the really big money is made by having patience (once you've picked a quality well run stock)

[leeson31] 10/2/2017 12:12

yeah, it's basically wiping its feet at the ATH level, on a weekly basis.... it got here 1st week of Jan, and then revisting 1st week of feb... id expect with halifax news and a farm in deal, with the cpr soon enough, this will get through the 54p level on a cllosing basis easy enough.. for me its about hitting higher than the current ath intraday high at 58p... i think it wil do it in feb...

[hopeful holder] 10/2/2017 12:06

I agree Leeson. Any number of factors could push this up quite quickly overnight. I certainly would not want to be out of this share right now.

[leeson31] 10/2/2017 12:03

i think as long as we finish the week up, and at 53.75p or more, then its making higher highs and in uptrend, with great newsflow expected, plus its trading at a material discount to NAV/sh...

[hopeful holder] 10/2/2017 11:58

This 54p is proving a tad hard to push over. Presume this is a chart resistance level?Given we were at 47p less than 2 weeks ago I am quite chilled about being in the 50's, but hugely excited about the 60's becoming reality shortly.

[bloodhound] 10/2/2017 11:46

SP looks constrained to me given what's out there in the public domain.

BH

[jacks13] 10/2/2017 10:14

Agree taudelta1, now isn't the best time to be selling the business, assuming there is any serious interest anyway. The proving of the Lancaster reservoir flows is still some three years away and in the meantime there is a need to fund the EPS.
There was some clamour earlier this week on the lse board to 'do a SOU' and promote the company to the adoring public. Maybe the tweets are Alistair's attempt at doing just that. I prefer the understated approach myself.