Hurricane Energy Share Discussion Threads

[gary38] 16/5/2017 06:03

CAN FOUR MORE WELLS UNLOCK HURRICANE ENERGY'S MULTIBILLION BARREL POTENTIAL?

[talkman2] 15/5/2017 23:59

Whether it goes down to whatever price the fundamental point is that this company has billions of barrels of oil . That is undisputabele .

[rayrac] 15/5/2017 23:53

40p? Well, we've been there before. But with billions of barrels? I wouldn't mind betting it would bring out heavy buying before reaching that!

[zztop] 15/5/2017 23:52

The info stobie gave out was mostly old news...it was the way he presented it that was the problem

[rayrac] 15/5/2017 23:44

As said further up....Apart from waffling a bit, what was it that Stobie said that's upset so many? Didn't we know everything already.

He's waffled like that before. But it's the same news as before. They are in possession of 100% of a huge find and want as much out of it as any potential partner wants. Now who's in the driving seat you might wonder? The guys with 100%, or the guys with the cash and trying for the best deal they can get?

It's a hard one to call, but I'm not keen on our two biggies getting hold of that 100%. I'd rather a Chinese co, or almost any other outfit, but not 'those two', I don't trust them and also, I believe they always like to be in at the find and not late arrivals at the party.

Btw, I also thought the guy who did the interview, was cr'p!

[opodio] 15/5/2017 23:40

might get sold down to 40p

[cumnor] 15/5/2017 22:54

Opening his mouth a fool proclaims his folly to all and sundry ....
Some sayings are timeless. And true.

[gibso6767] 15/5/2017 22:41

To say 400 blah million is alone flippant , his delivery and attitude was shoddy , ill prepared and just a tad from a car crash .

I can appreciate AS has far more important things to do , so why give at best a half hearted interview with Justin .

But like Chessman on lse noticed , comments te acreage /asset disposal was duly noted .

But I dare say that confirmation bias on my behalf.

Let's see what tomorrow brings

[control1] 15/5/2017 22:34

It was in my book after the drill window gaff on Lincoln

[mr.oz] 15/5/2017 22:31

It was shocking imv
Has his position ever been in question?

[russell250] 15/5/2017 22:26

I just listened to podcast -- A stobie -- very poor presentation - communication style awful - no conviction

hope his presentations to institutions are much more professional

[control1] 15/5/2017 22:24

Haven't listened to the interview yet but seems pretty obvious what happened today, even to the likes of the (obsolete) FSAwatcher. To reiterate.

"The exercise price under each of the Warrants is 95% of the volume weighted average price of the Ordinary Shares, calculated over the trading day prior to exercise"

Right, so as a broker, I've got 25m to shift at 95% of the price the day before I flog them and a willing buyer lined up but, probably at their chosen price of around 50p(?) rather than 59p.

SO FSA, to borrow a line from Speed - pop quiz hotshot, what are you going to do...?

We didn't know when it was going to be, only the window allowed however it seems pretty clear that it was probably today when most if not all have been got away, probably in cahoots with CA and Blue Crest using the time honoured trick of selling unlimited shares to drive the price down.

This was an obvious scenario coming and I did sell early and buy back later this morning but am annoyed I didn't hold my nerve for longer as could have picked up a LOT more. Still increased my holding for nothing so not that unhappy.

By the sounds of it, AS did not help matters but I will start to think a bit harder if we don't get an RNS next day or 2

FSAwatcher, there had to be a bit of a retrace at some point and obviously, if you keep saying it enough times, you will eventually be right just like a busted clock which is also right twice a day. Appears that your only real interest here is in seeking self gratification so we've heard you, come back when you have something new to offer...

[talkman2] 15/5/2017 22:22

Don't know what all the fuss is about . I listened to the podcast . Nothing new said . People overreacting

[123js] 15/5/2017 22:21

To give AS some due I think he's been pretty solid to date...the question, as was already asked, what was the point of the chat today??? Not sure if it was to clarify the CPR and warrant issue - not needed...only draws more attention to funding needs and the 'body language' indicated that aspect is a game of hardball...Echoes of SOU over communication, each time at bat giving increasing chance of getting it wrong and stuffing up the messaging! I'm a long haul holder, but today was first unsettling sensation - which will need digestion!

[sheep_herder] 15/5/2017 22:20

Apart from waffling a bit, what was it that Stobie said that's upset so many? Didn't we know everything already?

Edit: probably helps if I put what I know down so that you can point out what I've missed.

- they needed some cash to commit to the long lead time components needed for EPS.
- that also buys them some time in the farm out negotiations as they're not quite as held over a barrel as they would be otherwise.
- they're still $450m short on cash for the EPS
- they have no partners yet and would like someone, a major, to farm in to reduce the costs
- they actually don't really want to get to production and would like someone to buy the whole lot

[leoneobull] 15/5/2017 21:55

Today is why I am in pmo. We are producing 82600 today. Hur have made an amazing discovery but process from Explorer to producer is an arduous one

[shakudo] 15/5/2017 21:50

No one cares what your broken English views are. Go away fool.

[rainbow23] 15/5/2017 21:47

Dr Trice needs to ban Stobie from doing any further interviews and tell him to get his act together or start looking for another job as today's effort must have been an embarrassment to the more competent members of the HUR team. I now consider him to be the weak link in the operation and HUR can't afford to have any weak links especially in such a crucial role as FD.

[fsawatcher] 15/5/2017 21:39

investment case changed

you jus dont want to hear it

cpr was not what they wanted

they needed 60mmboe booked over 7.5 years not 12

they not got enough 2p to farm out to raise cash needed - 38mmboe is not what they wanted

they now gotta do a huge slug of equity and debt

this goin back to 40p coz the dilution expected is now massive

market was expectin smaller dilution

25m warrants was panic / emergency raise

cfo sound like he want the share price down so they get fundin deal off when it cheaper

all the above jus my view but i been right so far aint I?

[cumnor] 15/5/2017 21:19

Gary, totally agree re Hur, as a long term investor this is what I like-opportunity to pick up shares cheaply as the investment case has not changed one iota. His handling of the interview, however, was naive and given how the market can react you expect more preparation and professionalism from a senior team member. This was amateurish. We all know they need cash but there are ways and means to send signals and this was rather buffoonish and certainly damaging for traders and short term investors which is no big deal really. imo

[gary38] 15/5/2017 21:12

I agree Laser.