Hurricane Energy Live Discussion

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carliol 03:31

Trump Blasts Middle East For High Oil Prices Good Morning Everyone, The following is an interesting news item. It’s not what Donald Trump has said that interests me, it’s what the news item says about OPEC oil production. His rhetoric is only to be expected. It looks to me as if oil production and oil consumption have reached the tipping point where consumption is about to exceed production. With the EPS from Lancaster coming on stream at the end of this year and perhaps , more realistically , in H1 2019, Hurricane could be well placed to reap the rewards of high oil prices. NBC News Trump called for lower oil prices — but U.S. production is booming President Trump "can’t have his cake and eat it too, so to speak,” said one economist. “”"And in reality, it’s unlikely that the Organization of the Petroleum Exporting Countries would bend to Trump’s demand — which they likely couldn’t do, even if they were so inclined. “There’s really very little amount of spare capacity among OPEC members, and U.S. producers are already limited by pipeline capacity, especially in West Texas,” said Patrick DeHaan, head of petroleum analysis at GasBuddy.""" Carliol

Happy_To_Learn 20 Sep 2018

Re-rating? Hi carliol, “Of course, the three drill programme on the GWA is a step into the unknown. However, I don’t think Spirit would have entered into the farm down without being extremely confident of success. They will have had an in depth analysis of the GWA in the Hurricane Data Room and be informed to a much greater degree than us private investors.” Yes, absolutely spot on. Something that the anyone that doubts this company should very much consider. HUR from it’s conception has repeatedly raised large amounts of investment when required. The kinds of sums that are not forthcoming without a considerable amount of due diligence being undertaken. As you say, nice to see a rise today. Let’s hope it continues. All the best. HTL

carliol 20 Sep 2018

Re-rating? Hi H t L, Super find. Just the type of publicity Hurricane is in need of. Even though the price targets are lower than I would have liked, it’s a step in the right direction. I reckon we should easily achieve the price targets set. I recall the Edison Note which stated the EPS on Lancaster has a 100% chance of success. Of course, the three drill programme on the GWA is a step into the unknown. However, I don’t think Spirit would have entered into the farm down without being extremely confident of success. They will have had an in depth analysis of the GWA in the Hurricane Data Room and be informed to a much greater degree than us private investors. The broker notes have been well timed to coincide with the Hurricane results. It looks as if both have been instrumental in helping today’s increase. I wonder what tomorrow will bring. Carliol

lawven2 20 Sep 2018

Proactive Investors Hi All (or HI’YAL?) Are Cantor Fitz and RBC Capital beginning to move from agnostics to believers? Or are the 87p and 90p indicators much too early to confirm their conversion to the ‘faith’ of/in the HUR? At least one of the two seems to like the SpiritE farm-in deal. Comments, anyone? Kind regards, All. - LLV

lawven2 20 Sep 2018

Re-rating? @Happy_To_Learn - Thanks for sharing this piece of good news, HTL. Let’s look forward to some more favourable re-ratings during the immediate upcoming. Kind regards, All. - LLV

lawven2 20 Sep 2018

Share Price @Flossoffa - Nice shot, Floss. And it may just be both Horse (latitudes) and (Dol)drums. I keep looking for the Halcyon Days and climes of the Stock Markets, but with my lousy navigational skills, I suspect that you are likely to be correct in your assessment. Without further ado, I shall therefore be guided by your (perhaps?) wiser counsel and take your caution on board ship with me - even though I may end up in exactly the place against which you have eloquently cautioned! Kind regards, All. - All

lawven2 20 Sep 2018

Half-yearly report @riverside_red - You are quite right, Riverside. The Transocean Drilling Rig had been booked BEFORE the announcement of the SpiritE farm-in. My understanding is that it had to be booked because of the diminishing window due to a general increase in drilling activities. Dr T had said that any further drilling on Lancaster would be financed from Cash Flows, so my best guess is that he knew - at the time of the contract booking for the Rig - that there would be less pressures on Flow Revenues because of an up-coming farm-in. When we judge Dr T’s decisions, we must be aware that we do not always have ALL the facts at our disposal at the time. So our judgment is sometimes more intuitive than empirical. But as have been written before by many of us, we’ll just have to await the eventual out-turn. For my part, I always have in mind the caveat that History affords no true/direct comparisons/comparables. Kind regards, All. - LLV

Flossoffa 20 Sep 2018

Share Price lawven2: So I continue to wonder as I wander through the Trades! Britannica Kids wind | Trades, Horse Latitudes, and Westerlies wind - Trades, Horse Latitudes, and Westerlies - The flow of air from 30° N and 30° S toward the equator constitutes the trade winds. They were named by sailors whose trading ships depended on the winds for westward voyages. The trade winds do not... Just be careful or you could end up in the Horse Latitudes or the Floldrums

Happy_To_Learn 20 Sep 2018

Re-rating? Hi Everyone, Cantor Fitzgerald and RBC Capital broker notes out. Many thanks to “missdosh” on the LSE board. All the best. HTL ([link]

Happy_To_Learn 20 Sep 2018

Half-yearly report Hi bobsson, Thank you for your excellent post. I understand your concerns completely, and only time will tell if the route they have gone turns out to be the correct one. From my own point of view, my worry was that HUR might be forced in to “pushing” the EPS production too quickly because of potential financial pressure in the short/medium term. What I am pleased about with this FO, is that it alleviates that pressure and the potential for problems with the two Lancaster wells should they have pushed to hard. I am not entirely convinced that further drilling on Lancaster will not been done a lot sooner than stated. After all, if the EPS behaves the way they are expecting/hoping for, and oil is being produced and sold quicker than expected, my feelings are that they might well decide to either drill another producer or attempt further development on Halifax. Anyway, all speculation on my part. Let’s just hope that all goes well and we all get what we are hoping for. take care. All the best. HTL

Happy_To_Learn 20 Sep 2018

Half-yearly report Hi lawven2, Thank you for your kind post. Much appreciated. All the best. HTL

riverside_red 20 Sep 2018

Half-yearly report We already had an option on a rig next year, before the Spirit deal.

lawven2 20 Sep 2018

Share Price Hi All Most interesting (and sometimes informative) ‘multilogue’. Carliol, Floss, HTL, Mallie, Wessex, et al at some point have touched on the (more than) ‘idiosyncrasies’ of the Share Transaction Reporting System. HUR has apparently fallen victim to both SP management and being a day-trading stock? On the latter, the good news from HUR seem to allow for selling into sp rises with the expectation of buying back on the run-back triggered by this selling. The certainty comes from their knowing (or believing) that the sp will rise again - despite the risks - because the fundamentals and potential are so good vis-a-vis the risks going forward. One judges whether it is HI, LO or NO risk according to circumstance and appetite, as have been noted by many of us. No conspiracy theory intended, but I do believe that there is much more to the apparent inconsistencies in reporting than at first meet the eye. As an example, I have been watching BAKK (In issue 579.43 million) for some months now and I have recorded ‘after 16.30 hrs. BUYS’ - No SELLs noted - at well over 50 million Shares at up to circa 215p. If that’s a single Buyer (as I suspect), I cannot find any RNS where that >5 accumulation is reported! After these mammoth purchases, the recorded/reported day trades continue to be a multitude of small Buys & Sells with the occasional biggish Buy. Something is going on, but I know not what! So I continue to wonder as I wander through the Trades!! Please, however, DYOR. Kind regards, All. - LLV

bobsson 20 Sep 2018

Half-yearly report Morning HTL, As you know I remain to be convinced about the Spirit farm-in, and clearly the market is not impressed. My take is that Dr T is saying it would have been difficult to progress the GWA in the way now proposed with the Spirit deal than without it, he is of course stating the obvious. What we now have is no further GLA drilling for two years (end of 2020) the only work on GLA will be the physical in relation to the Spirit deal and data analysis and further well planning following EPS data. We have to wait until the final results to see how much of the £178.6 remains after concluding the EPS, we will early next year be able to estimate how much they will receive for full cargoes of sold oil going onto the shuttle tankers, and whether the 20k bpd is reached as expected. The Transocean Leader was already hired by HUR for early 2019, IIRC for a two well campaign with option for a third. Dr T was undecided where to drill, but he was obliged to drill Warwick. He has now solved GWA, but now has to wait two years for drilling at GLA, I think he is a man in a hurry, I think he may well farm out GLA next. It quickly de-risks the contingent and prospective resources. So the calculation for shareholders is; Will a total farm out of 50% ish of the licences produce such a substantial increase in 2P and 2C resources that it outweighs the farming out of 50% of the assets? It would pave the way for a fuller value takeover in say two years time. Just my views

lawven2 20 Sep 2018

Proactive Investors @Happy_To_Learn HTL, just back from a couple of days break, ‘out of town’. You were meant to enjoy the little joke (not so great according to someone!) but although your answers are all correct, you were meant to have been ‘disqualified’ from the quiz. You have had ‘insider information’. Hi, Guy - not you, HTL - that’s meant to be another little joke. Please let this one bring a pleasant interlude!! Kind regards, All

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