Hurricane Energy Live Discussion

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ash6666 17:25

Lancaster Oil Production ( EPS ) Full steam ahead to Rotterdam now, due 24th 8pm. Last seen so weighed down with oil that only the periscope can be seen.

squinn 15:03

Lancaster Oil Production ( EPS ) Bobsson, Would this indicate a potential problem with the offload?

bobsson 12:01

Lancaster Oil Production ( EPS ) Midday 22/1/2020 tanker Navion Oceania still at the rig!

bobsson 21 Jan 2020

Lancaster Oil Production ( EPS ) Tanker still at the FPSO, must be a big offload of oil. 20.44 - 21/1/2020

ash6666 21 Jan 2020

Lancaster Oil Production ( EPS ) Edison Hurricane Energy - Updated drilling campaign for 2020–21 In December 2019, Hurricane Energy provided a trading and operational update on its activities, announcing a strong ongoing performance of the Lancaster early production system (EPS), with well tests supporting guidance of 20,000bopd for FY20 (before...

westburrashetland 21 Jan 2020

Lancaster Oil Production ( EPS ) First real Break in the weather all January, up here.

ash6666 21 Jan 2020

Lancaster Oil Production ( EPS ) Navion Oceania due at Lancaster today.

Ricfle 19 Jan 2020

Share Price bobsson: CA were not the only ones to adversely comment about the resignation of the previous Chairman. And all those comments were justified. Who else commented? What was supposedly wrong, no one knows to this day. The comments were due to RB being over exposed to HUR and needing some one to blame for his funds lack of performance. The same as the latest BS about share buy backs. bobsson: you have to ensure that all of your investments are sound and their management are performing. CA investment in HUR is about the only thing that has keep that fund alive for the last few years, is this due to CA having no real input into how HUR are run? Their other investments are terrible, you could do better picking 12 random stock without and research. bobsson: CA were also critical of the manner of one of HURs fundraisings and had to step in to buy a lot of shares to steady a share price in freefall. Another fantasy, RB commented that CA “could” have underwritten the raise, but so could the house brokers. This is just RB claiming credit for things he has not done. CA are a waste of time and have been a constant drag on HUR for years. I for one did not invest in a company for it to prop up a half arsed “activist” fund. The quicker CA go bust the better.

bobsson 18 Jan 2020

Share Price CA were not the only ones to adversely comment about the resignation of the previous Chairman. And all those comments were justified. CA very quickly announced they were satisfied when HUR advised they would move to be fully compliant with corporate governance norms. I would fully expect CA to be only interested in the fortunes of CA and their shareholders, to do this you have to ensure that all of your investments are sound and their management are performing. CA were also critical of the manner of one of HURs fundraisings and had to step in to buy a lot of shares to steady a share price in freefall. As small PIs average Joe has no influence, but with a 5 or 6% stake in a company, and a forthright, punchy style, CA do get noticed and heard by the Company and the financial media, and they are therefore influential.

Ricfle 17 Jan 2020

Share Price bobsson: Up until now, CA have been fully supportive of HUR management and plans. Really? I think not. What about RB’s article in the Times about HUR lack of corporate government and the resignation of the last Chairman, quoting that Dr T will not let anyone play with his train set. Crystal Amber are only interested in Crystal Amber and RB in himself. Unfortunately, CA have lost money again this year and RB needs someone to blame, as despite being in charge, it could not possibly be his fault. As to the advice for HUR to start a share buy back programme, CA own share buy back programme has done stuff all for their share price.

bobsson 16 Jan 2020

Share Price Crystal Amber are an “activist” fund, ie they usually invest in companies whose share price and management are under performing the market. Up until now, CA have been fully supportive of HUR management and plans. So todays statement is the first sign they are not happy with the way HUR`s management and share price have have been performing. A lot of large trades going through after the bell and perhaps HUR have taken CAs advice and bought a few shares back for cancellation. If so there will be an RNS tomorrow. However, I am content for HUR to build up a cash pile until the status of Spirit in the JV is confirmed. Yes Spirit will be obligated for a lot of the 2020 capital costs, but if they pull out HUR will face increased costs in 2020, but things should be manageable in 2020 and 2021. We shall see.

Empty_Sporran 16 Jan 2020

Share Price 13 - 18p I hope, Deja Vu and nearly back to the price I started this journey. When I sold out at mid to lat 40’s I expected this to catapult to 70 - 80p mark. I know a lot of people invested in this and holding in vain for a SP recovery, I believe this is a lost cause now as the markets have ravaged this SP for some reason and expectations of a £ and fantasy numbers above this now make those that made that prediction look novice/armature investors. When the SP hits the lows I hope for above I will buy a bucket load again and tuck away for the kids. All above IMHO, and good luck to all investors

Ricfle 16 Jan 2020

Share Price Nelly Two very good posts. I have never owned a single share in GKP. I will not invest in any company who’s CEO thinks they are some sort of rock star, take SOU as an example. I did own some shares in XEL for a very short period on a technical trade, very pleased to get shot with 3-4 k profit, but felt dirty all the time I held. As you rightly say a share buy back it BS. CA interests have clearly not been the same as HUR interests for years. RB has an end of year to justify, he will not be blaming himself for his funds lack of performance. Nelly: with the CMD still a long way off in terms of market unknowns who knows where it might drift back too yet I was reading a technical post the other week saying something like: “double bottom at 29p back to 35p easy money”. At the time I thought AIM shares are news driven and stagnate on no news, I hope they took this into account. As to SP I will take a stab, 24p to start with. If that holds all well and good, if not we could be back in the teens.

Nelly 16 Jan 2020

Share Price WOW some proper meltdowns happening over on the madhouse it certainly sounds as if some have got themselves way over invested whilst hoping for that triple digit dream in what is currently (sorry to say) a one trick pony decades of history will show the alternative market place doesn’t take kindly to prolonged periods of silence and therefore post 13th Dec RNS I cannot imagine why PI’s would expect anything else to occur other than a drift back down and with the CMD still a long way off in terms of market unknowns who knows where it might drift back too yet but the simple fact is the trumpeted 40p plus plus was never going to happen in the immediate aftermath of the latest drill and its now questionable (field development) results despite what Dr T’s pompous cheerleaders would have you all believe however one thing (amongst the hundreds) I have learnt over my 25+ investor years is that no matter what you might say or how many times you might say it on a blog the market will always decide the price so your energy and time is far better spent trying to work out what that market price might actually be in periods of prolonged news blackouts rather than ranting and raving on a silly blog so in all seriousness folks it really is very simple if you believe (in your investment) you believe, however I would also suggest that perhaps some of those people ranting and raving daily on the blogs need to invest a helluva lot less chasing the proverbial get rich quick retirement dream and go and get themselves a bloody FLife

Nelly 15 Jan 2020

Share Price Ricfle: Any thoughts? yes I have one Ricfle funds generally talk through a selfish hole in their ‘bleep’ (you get the picture) ‘‘buyback of shares is an attractive use of capital’’ ? other than the obvious reduction of shares in circulation WTF does that ever achieve for current long term shareholders as invariably the SP never ever goes up relevant to any decrease in stock as it logically should if one were to assume the MCAP was to remain the same you just need to look at one of your old favourites GKP to see it does SFA for shareholders given the SP has lost almost a third of its value since they announced and initiated their buyback scheme funds are the only ones that really gain in this scheme as they can offload large amounts of stock at a time back to the company rather than trying to dump big volumes on the open market to the retail punter I have also noted from other company buyback schemes it is often followed a few months or perhaps a year later by another round of fundraising to replace the capital they wasted buying the stock back so the end result is you are likely to have the same shares back in circulation at some point so for me you either spend the free cash in developing and increasing the value of your existing assets or go out into the market and buy some more production thus increasing your immediate cash flow or if their are no immediate opportunities to do either of the above go and pay off some of that debt and as a worse case (rather than buying back stock) they could give some back to shareholders in dividends, however for any young company like this (without exposure to other streams of geographical production and/or income as a protective diversification) whilst still carrying significant levels of debt I don’t really agree with paying dividends just to try and appease shareholders growing the business by increasing the value of ones underlying assets either through current field production increases or having exposure to other production acreage will IMO surely be more than enough to appease current share FLolders

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