Hurricane Energy Share Discussion Threads

[sheep_herder] 14/2/2017 11:51

laser - thanks for the explanation. All - it is indeed going to be exciting. Will try and up my stake.

[laserdisc] 14/2/2017 11:49

exploration model describes Lancaster and Halifax as a single hydrocarbon accumulation.Go with the knowledge

[gisjob2] 14/2/2017 11:49

Rayrac, kind of agree with you just trying not to get ahead of myself. For our conservative board to highlight one accumulation as a possibility they must be quite happy there's a fair chance. The diagram in the last presentation does suggest this.

[rayrac] 14/2/2017 11:42

But it's wait for the drill. They should be fairly close to it now and if there's a leaky on board, then the share price could spike.

[rayrac] 14/2/2017 11:39

If! They are separate accumulations. But I'll go with the seismic, same probably as dr rice, just one giant feature.

[jacks13] 14/2/2017 11:37

There will be faults and fractures etc all over the ridge but what is needed to create separate accumulations would be a sealing fault, whatever that looks like. I assume it involves some sort of slippage in the strata, which as you say Rayrac, should show up in the seismic I would think.

[ngms27] 14/2/2017 11:34

Rayrac, apparently the further you go along the Rona Ridge towards Halifax the lighter the oil is likely to become and thus potentially gas. This is what I've been told if they are separate accumulations.

I haven't researched this and simply took it at face value so make of it what you will!

[gibso6767] 14/2/2017 11:31

TELBAP ,BEST POST OF THE DAY

[gisjob2] 14/2/2017 11:22

The fact the board haven't ruled out that Lancaster & Halifax are one accumulation having all the information and Dr Trice's experience at their fingertips is enough for me. A separate accumulation will be a good result, one accumulation amazing. Whatever happens the good Dr is the best in the business.

[greyingsurfer] 14/2/2017 11:10

Plain pressure data won't tell you much about accumulation size, certainly not over 35km!Pressure changes during testing or production, rates of pressure recovery etc will tell a something about the size of resource accessible to a well, and of course pressure measurements between wells can indicate connection, or not. But there's no simple relationship between static pressure and accumulation size.Be great if they can show Lancaster/Halifax connectivity, but it's a long way, so there must be a good chance of a fault.Peter

[bloodhound] 14/2/2017 11:07

I still think we still have a seller pegging us back.

BH

[adam] 14/2/2017 10:57

Do they not have pressure/tide data from the well tests that would indicate the size of the accumulation? I am presuming that the tidal pressure from the rocks above would be detectable?

[jacks13] 14/2/2017 10:46

We're on the same page then ngms. As I understand the geology, the 30km extent is effectively the zone between the Westray and the Brynhild faults. The big ask would be that there are no intermediate faults between. But that is what this drill will help to determine.
If there are faults between it just means that the total recoverable is likely to be less than if it were a single accumulation.

[telbap] 14/2/2017 10:42

Well gents (possibly ladies too) we can hypothesise until the cows come home, it's all down to the drill bit, and I would say another week or 10 days.#transformationalFebruary

[terry hardacre] 14/2/2017 10:24

Apparently Playboy magazine is going to re-introduce naked women, admitting that it had been a mistake to put clothes on the models.

Clothes on / clothes off, Playboy can't touch this bulletin board this morning for getting me feeling frisky. Keep the chat going lads, it's Valentines after all, and I won't need the Viagras later at this rate.

[jacks13] 14/2/2017 10:13

ngms, when your geologist friend said it was a big ask, are you sure he had understood what you were describing? Indeed, do you understand what you are describing? The sealing fault, if it exists, traverses the ridge. It does not run axially along the ridge.

[leeson31] 14/2/2017 10:09

if it does transpire that halifax is part of the same field as lancaster, by fk the share price would rocket... :-) it wouldnt then need a deal to get the share price up, this would immediately become a more weighted NAV play, with lots of options thereafter....

[ltinvestor] 14/2/2017 10:06

I am sure that Hur had to prove to the OGA that they had sufficient data to show that Halifax is an extension of Lancaster in order to acquire the license.Hurricane has developed proprietary seismic software wcich will enable them to determine the exact situation.It may be worth keeping an eye on the q1 2017 presentation as I feel this will be updated as analysis of the data for the new cpr may be posted here as I am sure that the companies logged on to the data room will be given this new information as and when it becomes available.LT

[buffythebuffoon] 14/2/2017 10:03

We're going to be disappointed if Halifax is a separate accumulation of lots of oil.

That's not a bad position to be in, is it?

If the result implies that Halifax is a single large field with Lancaster, and Lincoln-Warwick is the same, we would surely receive interest from a major regardless of the uncertainty over longer term production.

Do people think that's wrong, and we'll need to go ahead with the EPS before a bid comes in?

Buffy

[gregpeck7] 14/2/2017 09:59

Pound dreamer, it is an appraisal well, you can tell from its codename

Halifax 205/23-A

A stands for APPRAISAL :D

[ngms27] 14/2/2017 09:55

telbap, a geologist I spoke to thought it was a big ask to have a similar seal outside of structural closure for 30km's along the Rona Ridge.

Therefore his view that oil (suggested it may be gas instead) within structural closure given the excellent source rocks is all but nailed on, anything other is low COS. His view was persuasive to me.

However I think HURs BoD are far more optimistic and they have been on the ball so far.

Only the drill bit will tell which view is correct.

A single accumulation IMHO would likely be 5 billion barrels, maybe more

[hiddendepths] 14/2/2017 09:54

jonnyT (ngms) is not really an oil man - but he's a pretty good oil investor. I'm sure it's just a hunch that Halifax is separate from Lancaster.

If the company's reading of the geology is correct, it should be the same field. My concern is that there be an as yet unidentified fault somewhere along the 30km distance between the two.