Hurricane Energy Share Discussion Threads

[leeson31] 27/3/2017 10:04

these halifax results are only preliminary too, the lancaster fully analysed data revised up their figures, i believe too will halifax. min 1.1km oil column. might not be in april but i stand by 500p PT...

CPR this week for lancaster....... imo min ~800mmbo 2P then you'll realise that halifax is probably a min of ~1.4bill barrels 2P....... even a conservative nav estimate is a min 500p/sh.

expect a deal with a major too, and reasoning/strategy on the company formations recently setup.

let the dust settle, and imo we'll see huge buying in coming days...

and dont forget, lincoln is connected to warwick, thats a huge field with massive nav/share too....

[jacks13] 27/3/2017 10:00

Cinques - 'The Lancaster CPR is due imminently and FID for the Lancaster EPS remains on track for the end of H1 2017. We will process the data from the Lincoln and Halifax wells and expect to release updated CPRs towards the end of 2017.'
They have the rest of this week to meet the end-Q1 deadline.

[puffintickler] 27/3/2017 09:57

The failure to complete a successful DST is a downer and explains most of the very muted share price reaction to the RNS along with big holders top slicing to balance their portfolios.

However in all other respects the RNS is fantastic news and increases the long-term potential of HUR enormously.

There are still risks but compared to most oilexpprocos out there this looks a very good bet. I have added my eighth purchase. Just wish I'd bought more last September.

[upwego] 27/3/2017 09:55

bought another 3k loaded up now for CPR

Great oppertunity :)

[cinques] 27/3/2017 09:54

telbap - you're a bit quicker than me ;-)

[cinques] 27/3/2017 09:53

No CPR by the end of the Q1 then?

[telbap] 27/3/2017 09:53

Alamasion.....so you are discounting the cpr due out this week, the FID in April....or did you conveniently forget that?......

[alamaison5] 27/3/2017 09:50

This will not rise. The rise IS done. Buy always before news. You'll understand why later.
No news now for a month. So SIDEWAY or DOWN. These are the rules...

[brahmsnliszt] 27/3/2017 09:47

Instead of being negative when CA offload simple remedy is to de risk and buy some CRS instead.I have both. CRS been a great performer over last two years. Astute guys at the helm.

[ileeman] 27/3/2017 09:44

Bought quite a bit this morning.

Big cap so not expecting spikes but think this will trend up over this week and next.

Sometimes takes a while for the market to absorb the news.

[davidblack] 27/3/2017 09:43

We just need to exhaust the sellers which will take a couple of days then should move into the 60s.

[zztop] 27/3/2017 09:36

Lookin at last night's posts think all should be forgotten, bit of a frenzy on the good news New day and all that

[f1araway] 27/3/2017 09:34

Unbelievable price behaviour. Has Trump suggested fake news?

[mrx001] 27/3/2017 09:33

The price does seem an amazing bargain at the moment that a amazing result was obtained. Institutions have strict rules about the percentages of individual companies that can be held, so I'm not unduly worried about the sales - spread it around. Sometimes these things take time. :o)

[ngms27] 27/3/2017 09:26

200p would be a fantastic result and thats my expectation for this year.

[ltinvestor] 27/3/2017 09:24

I believe that the seller may be Artemis selling into demand.They have their own agenda.LT

[rogerbridge] 27/3/2017 09:23

Year end approaching for the funds, good for them to show a profit by disposing of a few. I should imagine that there will be new II holders that will take up the share. I can not imagine anyone selling out, this field is huge.

[davidblack] 27/3/2017 09:23

I would like the vanity feel of a big fat uplift as I bought in some at 55.8p recently on FOG profits but the truth is that as a long term holder our interests are best served if the people who want to sell leave at these cheap prices.

Hopefully the broker can now place out any surplus CA has once the CPR is released.

It is a bit annoying though as I was hoping for 15-20p this morning. However I know it will come so what is the hurry?

[hiddendepths] 27/3/2017 09:19

vraic - I was bitterly disappointed by the bid - I thoughted the shares were worth 500p or so.

I suspect a similar fate might befall HUR. Gobbled up by BP or Shell for 200p seems all too likely.

[alamaison5] 27/3/2017 09:19

Excellent news. The only few things which makes me cautious is that Hur need Approx $400million to get this project up and running. If the oil price was around $75 this would be no problem but the oil price is closer to $50 with an cost to Hur of around $35 to $40 dollars to produce this leaves very small margins. Im a ;little skeptical at the moment but good luck to all

[cinques] 27/3/2017 09:18

nicebut, but CA see this going to 500p, so surely not them? (ummm.)

[nicebut] 27/3/2017 09:12

Need seller to quit first. Presume its CA?

[vraic] 27/3/2017 09:12

Bill /Hidden I also was in Edinburgh and recall talking to Alf , questioned
why sell out at £3.14 . Answer......The large inst holders wanted their profits
and that was the end of EDG.
dyor.
holder of HUR