Hurricane Energy Share Discussion Threads

[leeson31] 28/3/2017 11:51

Once we get Lancaster CPR imo you can factor in Halifax as 1.5x bigger. This is why the CPR can be share price catalyst....specially as they're now one field

[f1araway] 28/3/2017 11:49

Yes, CPR will be a positive but gracious, what price would we have right now if in had been a negative RNS at 7 am yesterday?

[stepone68] 28/3/2017 11:46

Tournesol, surely you don't mean from these levels? Maybe for the lucky people who got in last year.

[ileeman] 28/3/2017 11:46

Yea David agree, CPR will add a lot of interest.

Currently I think crystal amber fund is selling, they always derisk as the share price rises they will probably stop very soon and let it rise.

[bountyhunter] 28/3/2017 11:40

exactly, pending CPR due very soon is a positive in my view given yesterdays news!

[davidblack] 28/3/2017 11:36

Gary on the CPR that is just my take on his interview yesterday. As to the effect on the stock that is another matter but whatever it is it will be less than the CA issue.

Anyway on the CPR I am expecting big numbers of 600m plus and if that should validate the case for £1+, at which point I can see proper institutions buying in sharply.

[gary38] 28/3/2017 11:32

A lot of talk givings reasons to push the price down, why ?

[brahmsnliszt] 28/3/2017 11:29

reckon CA may have some sort of limit when selling into spikes - ie no selling if it goes lower than 10-15 pct of the recent highs, in order to give the price some breathing space.
would make sense and mean they wouldn't be running themselves in all the time.
So if recent high was 62p then they'd hold back on the selling below say 55p.

just a guess, but seems that's been the way of things in past spikes.

[gary38] 28/3/2017 11:20

The Lancaster CPR due at the end of Q1 2017 will quantify the resources ahead of FID for the Early Production System due at the end of H1 2017.David are you telling me if CPR is not released at the end of Q1 that it would not have a negitive effect on the share price .Malcy would have spoken to the Doc?I can not understand why any one would be pushing that sort of statement out.

[tournesol] 28/3/2017 11:09

Soco was a 70 bagger for early investors. Dana was a 25 bagger for me.

Hurricane might potentially do at least as well as DNX and possibly better than SIA. Not for a very long time of course but there is a whole lot of potential.

[barnesian] 28/3/2017 11:08

Davidblack

I reckon that about 20m were sold yesterday and about 5m today so two-thirds of 37m done. Could be all sold within next two or three days. 3rd April looking good.

[davidblack] 28/3/2017 11:07

Looks like the MM's are taking the stock out for a walk downwards to see if there is much selling down there. If your a pessimist no doubt it's all an evil plan? If your an optimist like me on the stock I see it as a bullish sign that the big seller is being more than matched by institutional buying.

The real upside on the BBC article last night is it will have jogged the memory of fund managers who had heard the story but haven't yet bought. A few of them will have bought a few "Just in case."

[bigdazzler] 28/3/2017 11:02

Davidblack28 Mar '17 - 10:56 - 17643 of 17644 0 0
Or maybe a 10% placing to a midsize player like Petronas to keep the "Wolves" such as BP or Shell from the door, until we are ready to sell at £10 a share?



I'm as positive as the next person and have been long since 10p but £10 a share have a word with yourself son.

[gary38] 28/3/2017 11:01

Once traders have finished this will start moving north again off good CPR results which be any day now.

[davidblack] 28/3/2017 10:57

On the CPR coming out next week. A short delay of a week or so was implied in the Malcy interview and clearly he had spoken to Dr Trice.

But who is bothered by another few days?

Also I am sure the person signing the CPR would like to have a look at the last drilling results in detail to validate the metrics he is using.

[davidblack] 28/3/2017 10:56

Or maybe a 10% placing to a midsize player like Petronas to keep the "Wolves" such as BP or Shell from the door, until we are ready to sell at £10 a share?

Assuming CA want to get below 10% they had 37m shares to sell. Must be a long way along the way by now?

[gary38] 28/3/2017 10:49

I can not understand why some here think CPR news release will be in the next few weeks when it is clearly mention at end of Q1 which leaves 28/29/30/31th March.

[cinques] 28/3/2017 10:48

Hi Jonny

I see where you're coming from regarding revisiting Halifax and poking Lincoln/Warwick, but Hur already has a huge amount of oil and a big value gap.

Proving that the FB will flow reliably will help close that value gap.

Personally, I hope Hur does a significant farmout of the GLA as keeps Lincoln/Warwick for itself for the time-being.

Anyhow, what I think has absolutely no bearing on the outcome, so my best policy is to just sit and wait :-)

edit: some debt wouldn't go amiss, but debt can be iffy

[bountyhunter] 28/3/2017 10:39

good point cc probably nothing will happen until post CPR

[ngms27] 28/3/2017 10:37

Regarding the EPS I'd think they could likely get free carry to first oil if they farm out 51%.

However I'd think that any major would bin the current EPS and go for something on a more material scale though not full development, but with an eye to it.

[cashandcard] 28/3/2017 10:36

I think the $400mln funding will be part placement, possibly part debt. I think there is also the option of a partner carry in the mix too, which is my preferred option at this stage. I don't want to see hur get tied-up in development ops, let a larger concern takeover EPS only. There are now plenty of barrels for hur to bargain with.

Most importantly, its the CPR which we need to put some definitive numbers to the resources HUR have unearthed. A few weeks away I'd imagine. so a little patience in order here. Watch how the broker/analyst notes come in after that.


Cash

[bountyhunter] 28/3/2017 10:33

Leeson - that's exactly what I had in mind (re BP) when I made my comments about a possible farmout - great minds think alike!
...pure speculation of course but could work out quite well depending on details of any potential deal
imho dyor

[ngms27] 28/3/2017 10:29

Cinques I disagree.

They need a successful DST at Halifax and they need to prove Lincoln / Warwick connectivity for starters.

Both would have a material impact on the final outcome for shareholders.

[cinques] 28/3/2017 10:25

Hur doesn't need to prove that it has more oil - I think it would suffer diminishing returns on more explo/appraisal drilling.

Any money raised now has to be directed towards production.

imho