Suggestions For Questions at the AGM on Wed 5th June 2019 carliol: There needs to be a break through in battery technology before electric cars take over. But this begs the question, what generates the electric to power the E Cars? Yes but that `breakthrough’ has been the objective of many of the brightest brains on the planet for over a century, so it is becoming increasingly unlikely. We could finally decide that nuclear power will power electric cars with far less pollution than ICE’s but just as coal powered the Victorian age, fracked gas could do the same for the next century. Small portable gas turbine powered generators could be sited over the fracking sites, to be moved on when the gas runs out locally. Or maybe someone will back my plan to generate electricity from domestic water reservoirs by putting generators in series with the existing pressure reducing valves which would then just act to complete the required pressure drop rather than waste all that hydro-electric power. ( There is nothing fundamentally different from a reservoir in the hills used for power and one used for domestic water supplies). I agree with the rest of your post (but Jim Ratcliffe would probably prefer to frack under the Forth for his Grangemouth feedFlock).
Suggestions For Questions at the AGM on Wed 5th June 2019 Pretty well every shareholder in every oil company I’ve ever invested in has assumed that a takeover bid/deal is just around the corner, just waiting for……… It hasn’t happened yet.
Suggestions For Questions at the AGM on Wed 5th June 2019 carliol: But this begs the question, what generates the electric to power the E Cars? Hot air from politicians (party agnostic) - there’s a infinite supply.
Suggestions For Questions at the AGM on Wed 5th June 2019 Hello Floss, You’ve made some interesting comments on whether or not a deal is on the back burner as we await confirmation of first oil from Lancaster and the result of the Warwick Deep drill. I’m sure Hurricane and a possible take over company will have much more information about what’s currently happening behind the scenes than us private investors. In the highly likely event of a major such as B P making a bid I’m sure it will be for the company, lock, stock and barrel. Perhaps a joint bid from B P and Shell is a possibility. In any event I don’t think a major would want to be sharing the Hurricane naturally fractured basement reservoirs West of Shetland with a company such as Hurricane. What is a possibility if a take over of Hurricane is successful, is that the Hurricane staff who are acknowledged experts in n f b r would be retained by the predator with the sole intention of them focusing on exploring, appraising and developing Hurricane’s current oil fields W of S. There’s always the possibility of a first mover hostile bid. There have been some recent successful take overs on the UKCS. Perhaps Jim Ratcliffe of Ineos might be interested in making a first mover bid. Given all the troubles in the oil producing regions of the planet there must be many companies who would like to have a presence on the UKCS. Also I don’t think electric cars will pose much of a threat to the ICE in the foreseeable future. There needs to be a break through in battery technology before electric cars take over. But this begs the question, what generates the electric to power the E Cars? Carliol
Suggestions For Questions at the AGM on Wed 5th June 2019 Albi1: a background deal Yes but a `background deal’ isn’t a deal at all as both parties would renegotiate or drop it if circumstances changed. From HUR’s point of view, why agree to sell when there are funds available to find yet more oil and from a buyer’s standpoint, why pay for anything more than the oil which proved to be in the ground and extractable, especially when the future of oil for transport is threatened by electric cars. The deal that may make sense for both parties is one in which HUR supplies the proven oilfield, the other party supplies the infrastructure to extract and market the oil and we get a royalty on every barrel (perhaps based on the price of Brent). Unfortunately whilst that would provide a fairly secure long term income, it will disappoint shareholders who are hoping for a Flonanza
Suggestions For Questions at the AGM on Wed 5th June 2019 Westburrashetland As an earlier poster mentioned and as I mentioned earlier this week or last, I forget now which, I find it hard to believe that a background deal hasn’t already been informally discussed and agreed to some extent. But, as you say, the data could change everything. It will be interesting to see what’s said and asked about pursuing a move to the FT250. Best Albi
Share Price first oil carliol: Such are the ups and downs of investing in an oil company. Just worth adding that what happens today is only important for the EPS and even that is really about clarifying the full Lancaster production system and by implication the rest of the FB assets we have licences for. It is the oil price in the years ahead that determines our wisdom or otherwise in owning HUR and that future price depends on so many factors that it is more a matter of Faith, Hope and… (Charity only gets a look in if we hit the jackFlot)
Suggestions For Questions at the AGM on Wed 5th June 2019 This question could hide a different answer. Depending on how its answered. The board have never hidden the fact they ultimately want to be taken out, and this whole ongoing process to Foil etc, could be nothing more than a huge advert an proof of what they have to sell on. Basically off they are not pursuing the better FT 250 market move, is there a deal awaiting if things are proven or will they be a bidding war once proven. My hope is, that things are even better than anyone here imagines, and this finally yeilds us all the mulitbagger that we all think it will be.
Share Price first oil Hi Carliol “Such are the ups and downs of investing in an oil company” Looks like we held pretty well today when you look at the rest of the market, who knows where we’ll be on Monday, could bounce back up quite quickly. Here’s to the long weekend. Best Albi
Share Price first oil Hi Albi 1, interesting news item on the reasons for today’s steep fall. Even with the price of Brent Crude at less than $70.00 a barrel it’s reassuring to know that the EPS on Lancaster is extremely profitable. ( see Q2 2019 Corporate Presentation Page 14.) Such are the ups and downs of investing in an oil company. One thing that can be said about Hurricane is that it’s not a boring share to be invested in. But it’s much more interesting when the price of oil is on the up. Carliol
Suggestions For Questions at the AGM on Wed 5th June 2019 Hello W 47, That’s a good question for the Finance Director. Hurricane have said for several years that they want to get onto the main market but so far nothing has materialised. I think the F D and B o D hope to bring the corporate governance ( whatever that means) of Hurricane up to scratch before they can be transferred onto the main market. The AIM market is more like a casino and hopefully the main market will bring more stability to the share price. Maybe production from Lancaster will increase the market cap of Hur and make the switch easier onto the main market. Carliol
Share Price first oil Well, so much can change in one day! Useful article covering the many various causes behind the significant drop in oil prices today on the market which naturally impacted Hurricane’s SP. Overall though it’s worth skipping to the last sentence to note that PoO has risen considerably to date this year. Investing.com UK Oil Plunges 5% on Stockpile Surge, Slow Refining and Trade War Oil Plunges 5% on Stockpile Surge, Slow Refining and Trade War
Suggestions For Questions at the AGM on Wed 5th June 2019 How about a question on the timescale of getting out of AIM and getting into the FT 250?
Suggestions For Questions at the AGM on Wed 5th June 2019 Empty_Sporran: …and I guess there will be even less when we reach and break through the 40p barrier on the way back down where the SP will hover for an extended period of time until EPS results start to become public knowledge Blimey you’re a happy soul, are you available for parties?
Suggestions For Questions at the AGM on Wed 5th June 2019 Oh Dear, not much promotion or high fives for the 57p “break through” today and I guess there will be even less when we reach and break through the 40p barrier on the way back down where the SP will hover for an extended period of time until EPS results start to become public knowledge and drilling results analysis starts to come out on the way to the Co being bought out for about the 80p mark for the lot. A Big Player is waiting patiently IMHO ready to step in. HUR just part of a bigger jigsaw for the WoS area! Some are over eager to clutch at the smallest of straws on this BB regarding this share. Remember this is business and especially in the O&G sector, there is no mercy minnows will get swallowed up. Good luck to all, especially LTH’s where 70 - 80p is a good ( +/- x 4) return on your investment. As usual, all above IMHO.