Hurricane Energy Share Price (HUR)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Hurricane Energy	LSE:HUR	London	Ordinary Share	GB00B580MF54	ORD 0.1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	-0.25p	-0.83%	29.75p	29.50p	30.00p	30.00p	29.25p	29.75p	2,232,656	16:35:28

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	0.0	-4.7	0.1	425.0	582.87

Related Shares
Shell A (RDSA), BP (BP.), Path Investmen. (PATH), Mayan (MYN)

Hurricane Energy (HUR) Latest News

Hurricane Energy News

Date	Time	Source	Headline
02/8/2017	09:02	ALNC	Hurricane Energy Won't Make Share Offer At Current Market Price (ALLISS)
02/8/2017	07:10	ALNCF	Alliance News Flash Headline
02/8/2017	07:00	UKREG	Hurricane Energy PLC Update Regarding Proposed Pre-emptive Offering
01/8/2017	07:02	UKREG	Hurricane Energy PLC Holding(s) in Company
26/7/2017	12:47	UKREG	Hurricane Energy PLC Holding(s) in Company
26/7/2017	10:26	UKREG	Hurricane Energy PLC Holding(s) in Company
25/7/2017	08:05	UKREG	Hurricane Energy PLC Holding(s) in Company
21/7/2017	11:25	UKREG	Hurricane Energy PLC Result of General Meeting
19/7/2017	09:45	ALNC	Hurricane Energy To Issue Further USD10 Million In Convertible Bonds..
19/7/2017	07:00	UKREG	Hurricane Energy PLC Exercise of Option Notice

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Hurricane Energy (HUR) Discussions and Chat

Hurricane Energy Forums and Chat

Date	Time	Title	Posts
17/8/2017	19:10	Hurricane Energy PLC	26,141
16/8/2017	09:56	#HUR for ppl who actually understand. 500p/sh.	301
05/8/2017	21:32	Hurricane Energy (HUR) Another PUMP & DUMP BY 21TRADER AKA MULTIPLE BANNED USER	4
29/6/2017	21:38	finnCap sees more than 100% upside to the current price=	1
29/6/2017	21:38	hurricane	3

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Hurricane Energy (HUR) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2017-08-17 16:07:04	29.50	22,127	6,527.47	O
2017-08-17 15:55:43	29.50	13,953	4,116.14	O
2017-08-17 15:54:52	29.54	250,000	73,846.65	O
2017-08-17 15:52:32	29.59	19,600	5,799.25	O
2017-08-17 15:50:50	30.00	2,500	750.00	O

View all Hurricane Energy trades in real-time

Hurricane Energy (HUR) Top Chat Posts

Date	Subject
17/8/2017 09:20	Hurricane Energy Daily Update: Hurricane Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HUR. The last closing price for Hurricane Energy was 30p. Hurricane Energy has a 4 week average price of 28.75p and a 12 week average price of 28.75p. The 1 year high share price is 67.75p while the 1 year low share price is currently 23.75p. There are currently 1,959,210,336 shares in issue and the average daily traded volume is 2,328,844 shares. The market capitalisation of Hurricane Energy is £582,865,074.96. Read Full Thread Reply
13/7/2017 17:16	greyingsurfer: Peter agreed they have found plenty of oil but quite simply have created no shareholder value, so far, which is measured by upward movement in the share price. The company does not determine the SP, the market does. As an stock picking investor you make money if you successfully pick stocks where the underlying value is greater than the current SP, and there are events likely in the future which would change that. HUR seems to me such a case. They have shown there to be significant amounts of oil in their licences, they have a clear plan for proving those up further as commercial resources, and they now have the money to do it. If you believe the story this is a good investment, as over the next two years that will be proven up, and the value reflected in the share price (some of that share price appreciation may happen a lot sooner, as the work progresses and people take note - or it may not). If on the other hand you doubt the story, or you see a limited CoS of the EPS proving up the commerciality successfully you shouldn't be invested. In recent months all they have managed to achieve is to increase the market discount to the underlying value of the oil. They haven't. Yes, the warrant issue looks a mess. But what difference did it actually make? As I've said many times, I doubt the end result would have differed very much. They managed to raise $12m at 51p - some way down from the peak share price shortly earlier. Do you really think they would have been able to go to the markets and raise 40x as much at anything like that price? If nothing else, the warrant issue showed that buyers were not queuing up to fund the EPS at 50p+. What they did, however, manage to do was raise the cash to allow the EPS to proceed - instead of either accepting a poor farm out deal, which would almost certainly have diluted holders further, or borrowing large sums on poor terms and putting the company's future at serious risk if any difficulties were faced during the EPS development (they wouldn't have been the first E&P to disappear without trace if that had happened). Of course we would all have liked the fund raise to take place at higher levels (none less than the BoD you can be sure), but that simply wasn't ever likely to happen. If I'd been smarter than I am I would have sold in the 60s and be rebuying now, instead of just topping up. But I'm not a short term investor and what sticks out to me about HUR over the past couple of months that it's a far better investment now than it was then - I no longer have the significant fears I did that they would fail to raise the cash for moving forward, or make a potentially terminal mess of the funding. Peter Read Full Thread Follow Reply
11/7/2017 19:07	fireplace22: https://investegate.co.uk/crystal-amber-fund-limited--crs-/prn/monthly-net-asset-value-and-interim-dividend-de---/20170711174411P8D97/ Hurricane Energy plc (“Hurricane”) At the end of the quarter, Hurricane announced that it had raised $530 million of funding for the development of the Early Production System (EPS) at its Lancaster field. This comprised $300 million of new equity at 32p and $230 million of secured debt in the form of a convertible loan note. As a result, the company is targeting first oil from the EPS in 2019. This followed a warrant issue on 12 May 2017, which raised £12.7 million for working capital purposes and the publication on 8 May 2017 of its updated Competent Person’s Report (CPR) on Lancaster. Factoring in the appraisal results over the last four years, the CPR raised the recoverable oil volume estimate from 207 million barrels to 523 million barrels. The Fund believes that Hurricane holds a very large, quality asset, with a resource potentially in excess of 1.6 billion barrels of oil. In April 2017, the Fund commented that during the previous quarter it reduced its position into demand to manage its exposure to this successful investment. Over the quarter, Hurricane’s share price decreased by 42.7 per cent. We regard the principal cause of this substantial derating to be the mismanagement of the warrant issue. On 23 June 2017, the Fund released an announcement, expressing its disappointment at Hurricane’s poor handling of the warrant issue and comments made at its AGM on 7 June 2017, which referred to the near-term focus being on funding and delivering the EPS. Since the quarter end, the Fund has written to the company expressing its concerns. The Fund also strongly believes that the way the company has gone about the recent fundraisings has created a significant disconnect between the operational value of Hurricane and its strategic value. Read Full Thread Follow Reply
01/7/2017 12:18	kirtonender9: Another write up from Shareprophets Hurricane deal disappoints investors, but is it really that bad?By Gary Newman \| Friday 30 June 2017Hurricane Energy (HUR) is a company that I have followed closely, and have been invested in at various times, since it first floated on the AIM market, and it has come a long way since then.The market was clearly not exactly enamoured with yesterday's RNSs relating to the funding of the company through to first oil in 2019, but I think that once the dust eventually settles, the UK offshore oil company still has great prospects longer term, even following this large amount of dilution.News of the fundraising was not exactly unexpected, as the company had made it clear that a substantial amount would be needed to pay for the Early Production System at its Lancaster field, with a final investment decision due during the summer of this year.The EPS, which will consist of two wells tied back to a FPSO, will cost $514 million in total, with $45 million having already been spent, and is expected to produce 17,000bopd as well as providing further data to form a full field development plan on the best way to extract the 523mmstb of 2P reserves and contingent resources currently in place.In the current climate, especially when it comes to investment in UK offshore projects, I believe that the company has done incredibly well to raise $300 million via a placing at 32p, along with $220 million from convertible bonds.But I can also see why a lot of those currently invested in the company aren't happy as many had been expecting a farm-out deal. Whilst it is true that such a deal would have reduced the amount of dilution at this stage, it is also worth remembering that it would have had a significant negative impact on future profits net to Hurricane once production started, as at least this way it has kept 100% of the field, which is a big step for a company of this size and one which only began drilling a few years back.Judging by the recent drift in share price I suspect that some institutions got wind of what was coming and have actively been shorting the stock although Marshall Wace are the only fund with a disclosable position, but given that is for net shorts it would be interesting to know if the two largest holders (Kerogen at 28.94% and Crystal Amber at 12.11%) have also shorted whilst still being net long. It certainly did drift quickly from the 50p area down to the low 30s before rallying slightly.It is also interesting that Crystal Amber appear not to have taken part in the placing there is certainly no mention that it has and Kerogen has only taken up $35 million of shares, which is a long way off of its holding on a pro rata basis.The company also looks to have done well on the convertible bond issue, with July 2022 bonds being issued at a coupon of 7.5%, and a conversion price of $0.52, which is a 25% premium to the 32p placing price. In theory this should give the company three years of production revenue prior to the settling of the bonds, assuming of course that they aren't converted instead, which may well be the case at that point.Obviously many PIs are miffed that they haven't had the chance to take part in the fundraising at this price other than a token $5 million open offer being mentioned and would have preferred a full open offer or a rights issue, but that was never likely anyway. The funding does of course still need to be ratified by shareholders, given its size, and currently anyone who had wanted to buy can do so on the open market at a similar price anyway.In the near term I can see the potential for this dropping even lower although I did close my short this morning as sentiment is now negative, but ultimately I am still bullish on the company and can see upside long term.I suspect it will trade in a similar way to the recent large fundraise by Sirius Minerals (SXX) and that the number of extra shares coming onto the market will stall any rise for a fair length of time, but once things settle the share price will rise again.Whatever your view on the financing package, it is hard not to applaud what Dr Robert Trice and his team have achieved in such a short period of time.Currently I would be watching this one closely rather than being in any rush to buy the shares as you well get in at a significant discount to the placing price, or worst case will still be able to buy at the 32p level in the coming weeks or possibly even months. Read Full Thread Follow Reply
30/6/2017 07:48	hiddendepths: I broadly agree with DB. They're raising $520m against an EPS cost of $360m, some of which is already paid. They don't NEED a farm-out to proceed. So the terms will be slewed in favour of HUR whereas 24 hours ago it looked as though they were over a barrel on financing and could be shafted on the farm-out. I do like the extra cash. Halifax needs to be flowed - and deepened so they can find the oil/water contact and get a better idea of just how much bigger Greater Lancaster is. Furthermore, if Warwick and Lincoln really are another monster field, at least one well is needed to demonstrate the fact and give a more accurate size estimate ahead of development. I hate the way this financing has been done but the important thing is that money is on the verge of being raised and that will fully address one of the major worries that has been hanging over the share price for a couple of months. There may well be an overhang for a while but more importantly there seems little scope for a decline from here and a substantial share price recovery in due course looks extremely probable. If the share price falls back to around the placing level of 32p, we can buy in the market, effectively allowing us to participate in the placing. If the share price lifts from this morning on, at least the value of our shares will have gone up. Let's just hope that the bookbuilding this morning has been properly pre-arranged and that the placing can be completed in a professional manner. As long as it's over-subscribed, even by a small amount, I'll be happy! Read Full Thread Follow Reply
23/6/2017 09:51	jurgenklopp: CA is an investment trust and the announcement this morning should primarily have been aimed at shareholders of that entity. The fact that they had to say that the weakness in the CA share price was, in their opinion, mainly to do with the weakness in the HUR share price suggests that CA is perhaps a tad over exposed to one particular company. Read Full Thread Follow Reply
23/6/2017 07:34	kooba: CRYSTAL AMBER FUND LIMITED("Crystal Amber" or the "Fund")Statement re. share priceCrystal Amber notes the recent decline in its share price. The Directors believe it primarily reflects the decline in the share price of its largest investment, Hurricane Energy plc ("Hurricane"). The Fund currently holds 150,000,000 shares in Hurricane at an average cost of 23p a share. In addition, the Fund holds warrants over 23.3 million shares exercisable at 20p a share. The Fund has previously realised profits on Hurricane of GBP15.7 million.The Fund attributes Hurricane's share price decline principally to the poor handling of its warrant issue announced on 12 May 2017 and comments at its AGM on 7 June 2017, which referred to the near term focus being on funding and delivering the Early Production System.As Hurricane's largest independent shareholder owning 12.2% of the issued share capital, Crystal Amber is supportive of monetising Hurricane's assets, which are valued by Crystal Amber's external consultants who have been its consultants for the last two years, on a NPV10 basis and assuming a $55/bbl flat nominal oil price and that contingent resources "trade" at a discount to reserves by 50%, at 219p a share. The Fund also notes comments at the AGM regarding the reopening of Hurricane's data room to a limited number of oil companies that have the requisite development credentials to take the Rona Ridge project to full field development. The Fund also believes in the strategic value of Hurricane's asset base.For further enquiries please contact:Crystal Amber Fund Limited Read Full Thread Follow Reply
23/6/2017 07:05	fireplace22: Crystal Amber RNS just out: Crystal Amber notes the recent decline in its share price. The Directors believe it primarily reflects the decline in the share price of its largest investment, Hurricane Energy plc ("Hurricane"). The Fund currently holds 150,000,000 shares in Hurricane at an average cost of 23p a share. In addition, the Fund holds warrants over 23.3 million shares exercisable at 20p a share. The Fund has previously realised profits on Hurricane of £15.7 million. The Fund attributes Hurricane's share price decline principally to the poor handling of its warrant issue announced on 12 May 2017 and comments at its AGM on 7 June 2017, which referred to the near term focus being on funding and delivering the Early Production System. As Hurricane's largest independent shareholder owning 12.2% of the issued share capital, Crystal Amber is supportive of monetising Hurricane's assets, which are valued by Crystal Amber's external consultants who have been its consultants for the last two years, on a NPV10 basis and assuming a $55/bbl flat nominal oil price and that contingent resources "trade" at a discount to reserves by 50%, at 219p a share. The Fund also notes comments at the AGM regarding the reopening of Hurricane's data room to a limited number of oil companies that have the requisite development credentials to take the Rona Ridge project to full field development. The Fund also believes in the strategic value of Hurricane's asset base. Read Full Thread Follow Reply
23/5/2017 06:38	casapinos: This is a copy of a post made elsewhere re the HUR share options for directors detailed in yesterdays Annual report. "The VCP is based on an share price of 34p which the share price touched very briefly in NOV 16- so their timing is impeccable. At today share price the 3 directors involved have "earned" £1 million per month(>£6 mill each) as a result of the scheme (in addition to salary). Should HUR market cap reach £1billion (sp about 80p) they will share £50 million , at a market cap of £2bill (sp £1.60) they share >£128 mill and at a MC of $3bill (sp£2.40) they share> £210 mill - I couldn't bear to go further as the numbers become disgracefully generous. As other shave pointed out their greed is served as they have protected the scheme from the effects of the dilution necessary to fund EPS, further exploratory drilling and FFD i can imagine a situation in which the numbers for market cap above are reached with perhaps billions of further shares in issue yet the VCP pays out as described while common shareholders are diluted several times over. This is shameful, we should make very effort to stop it - I certainly shall." I hope some of you share my concerns Read Full Thread Follow Reply
15/5/2017 19:34	rainbow23: Not impressed by the ramblings of AS today. Totally unprofessional.If he wasn't capable of giving a decent interview he should have kept his gob shut instead of waffling and sowing doubt in the minds of shareholders. I fear for the immediate future of the HUR share price with this guy on the loose. Despite what he might say the money men have HUR over a barrel and AS is no poker player. More of the same tomorrow I fear. Read Full Thread Follow Reply
27/4/2017 06:28	gersemi: From IC (25 Apr-17)..thanks to S-Thompson: 'The reason for remaining positive is down to the upside potential in the company's three largest holdings: Hurricane Energy (HUR:57p), a company that is building up a huge resource base in a strategically important part of the North Sea; Grainger (GRI:248p), the UK's largest listed residential property owner and manager whose shares languish at a 26 per cent discount to EPRA NAV estimates even though the company has been selling off non-core assets and successfully executing its plan to invest £850m in the private rented sector (PRS) by 2020; and vehicle rental group Northgate (NTG:526p). Hurricane accounts for a third of Crystal Amber's NAV (excluding warrants it holds), albeit Crystal Amber's investment managers have sensibly top-sliced the holding to manage the portfolio's exposure to any one company, and the holdings in Grainger and Northgate each represent around 14 per cent of book value. Bearing this in mind, I note that analyst Dougie Youngson at broker finnCap has just raised his target price on Hurricane Energy's shares from 91p to 130p following a capital markets day which highlighted that "the drilling programme has confirmed that Hurricane does indeed have a world-class portfolio of assets west of Shetland. The majority of the key questions relating to the geology and producibility of the Lancaster reservoir have now been answered.". Mr Youngson's valuation for Hurricane is on a risked NAV basis for the Lancaster and Halifax fields, and reflects a near doubling in the recoverable resource estimate for Lancaster to 593m barrels of oil, an uplift of approximately three times the 2014 Competent Person's Report volume. Clearly, everything needs to fall into place for Hurricane's share price to make further headway towards finnCap's upgraded target, and the next major news will be the final investment decision in the next few months ahead of planned first production in the first half of 2019. Capital expenditure for the Lancaster Early Production System is estimated at around $467m (£365m) and Hurricane is seeking to put together a funding package for the development which is likely to comprise new equity, debt and potentially a farm-out. The point being that although Hurricane's shares have surged in the past year, there is potential for the rerating to continue especially as any farm-out would highlight the huge value in the company's assets. That's good news for Crystal Amber's shareholders given the fund's weighting to this holding. In the circumstances, I would run the 66 per cent profit on your holdings in Crystal Amber. ' Read Full Thread Follow Reply

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