Hurricane Energy Share Discussion Threads

[leeson31] 26/4/2017 15:37

wti oil reacting well to crude inventories... seems to have based off the 48 area, test now to 52/b, b/o above that suggest 58/b, then 62... bodes well for oilers :-)



GASOLINE INVENTORIES ROSE 3.37 MLN BARRELS
DISTILLATE INVENTORIES ROSE 2.65 MLN BARRELS
CUSHING CRUDE OIL INVENTORIES FELL 1.20 MLN BBL

[leeson31] 26/4/2017 15:23

i know the volumes overall today are low, so far, but there has been constant 'nibbling' pretty much all day... share price at highs near enough...

my hunch is the cpr tmrw.... but in theory it has to be tmrw or friday anyhow..

[jacks13] 26/4/2017 14:33

One of the issues the Lancaster 7 Wells was intended to clarify was the Contingent Resource range (which had previously been estimated to be in a range from 62 to 456 MMboe), available to the EPS. The Lancaster 7 fully analysed results and their interpretation in the CPR appear central to any farmout/funding decisions by interested parties.

[davidblack] 26/4/2017 14:00

The principle benefit from this CPR is that the lenders require it ahead of the financing so as to run their own risk modelling.

BP will know more than the Competent Person anyway! And will do their own internally.

[garymegson] 26/4/2017 13:06

Agreed laser, they closed the data room to prove OWC and Aquifer which from my memory where the main sticking points.

[the sage] 26/4/2017 12:57

Good point, Laser.

[leeson31] 26/4/2017 12:52

anything over 59p on a closing price basis is a breakout.. need vols though too ideally... and news shud provide that :-)

[laserdisc] 26/4/2017 12:42

if the same participants were at the table last year prior to farmout talks being suspended then most of dd will have been done

[the sage] 26/4/2017 12:37

With regard to Hur sitting on the cpr while in discussions, wouldn't that company have to do DD on Hur which would take some time?

[control1] 26/4/2017 12:34

Must be close...?

[the guardian] 26/4/2017 12:08

A record closing price today please and then the CPR to take us to newer highs, followed by a farmin or take out from BP. That's not a lot to ask!

[wildchild] 26/4/2017 11:22

Do these small volumes mean that every man and his dog has been made an insider and can't deal ?
Except for us small P.I's , who are always last to know.

[jacks13] 26/4/2017 10:32

The Preliminary Results for the full year ending Dec 2016 are due any day. (The Dec 2015 Preliminary were out on 18th April last year.)

[adam] 26/4/2017 10:12

Maybe CA inside?...

[buzzzzzzzz] 26/4/2017 10:05

Chessman

I agree re over spending....it would jeopardise her majority and endanger Brexit.

[davidblack] 26/4/2017 09:36

Have you noticed the volume has now dropped significantly.

It would appear that the natural sellers other than CA have done so and that CA has for now stopped.

Bodes well for the next big move, hope Lu upwards?

[davidblack] 26/4/2017 09:22

idleduck RPS do set the pace and that is their right to do so as the Qualified Reporting Person.

I am sure Dr Trice has had the draft CPR in his hands for a couple of weeks and they are negotiating on issues which have arisen which are most likely about estimation and recovery. That's just the process.

Once that is concluded RPS will take out their pen and sign but they do so on their timescale not Hurricane's.

If Hurricane don't like the Service they are free to change to someone else next time.

So it just a case of being calm and waiting.

[chessman2] 26/4/2017 09:08

I agree with you ngms and am looking forward to a prosperous year.

Strangely enough I also agree with your reasoning behind the election call. I'm more convinced than before that the overspending in several marginal seats was about to be punished.

[control1] 26/4/2017 08:44

People been pretty patient about it to date but it is about time for an update from the unofficial mouthpiece (Malcy) about timescale to avoid the gnashing of teeth starting if we drag over into next month...

[garymegson] 26/4/2017 08:38

If they don't have receipt of it I would doubt we would see it this week.

[fatnacker] 26/4/2017 08:33

I can't see that being the case

[leeson31] 26/4/2017 08:30

in receipt, but being used for farm in talks, maybe...

[rutter] 26/4/2017 08:18

Do you think that HUR are in receipt of the CPR already, and witholding its release ?

Or do you think that it's still being compiled.

[buzzzzzzzz] 26/4/2017 07:30

Go Jonny Go Go GO!!!!

I agree 100%

I don't know much about the technucals

But

It's a huge find, it's in the UK (for now) what could be more attractive.