briansb12345
12 Feb 2020
Warwick & Lincoln 3 wells drilling 2020 First post on here. I’ve followed these boards for nearly 2 years and admit I got caught out with the eternal optimism on here and not enough personal knowledge about this company. In fact most of the knowledge I have comes from reading these boards so more fool me! So for one of the chief optimists (carliol) to now come on here and retrospectively say you’ve sold your lot sticks in my craw
bobsson
12 Feb 2020
Share Price squinn “the bull argument†20,000 bpd rising to 40,000 bpd in 2022.
bobsson
12 Feb 2020
Dividends Ricfle: Lancaster has over 500m barrels of 2C and 2P. At 20,000 barrels per day it would take 68 years to extract the oil, 2088, this is not expectable to the OGA, while Hur dither about paying dividends. Ricfle/Nelly, (or whichever one is in today) More lies, you know HUR are going to produce 40,000 bpd from Lancaster field. Hence my comments in a previous post after 10 years replace the FPSO with one which can produce 100,000 bopd. Ricfle: first of all it is a 7km flow line from Lincoln and we do not know the Lancaster distance but could assume 5km, so not a lot of difference. Getting touchy are we? So it could be quite a lot cheaper. Thanks for the confirmation.
squinn
12 Feb 2020
Share Price Ricfle, I am now edging towards the thought that this company is done… I can’t seriously see any good points now… Does anyone on this board now actually have anything concrete to back up the bull argument… Because I don’t…
carliol
12 Feb 2020
Warwick & Lincoln 3 wells drilling 2020 Hello Bobsson & Ash, I think my decision to sell at the prices stated were based simply on the poor news flow prior to my sales and the long wait for the CMD in Mar 2020. It could also be said that my course of action was more a stroke of luck than judgement. I was tempted to buy back at 25p and 20p but resisted the temptation. I’ve been out all day and was surprised to see the share price bounce back today with an increase of 4.59%. Is it a dead cat bounce or is there something driving the rebound? Only time will tell. I’m not sure at the price I will buy back in at. It’s always difficult to second guess the market so I’m going to wait until there’s some good news which will no doubt drive the share price up. This means I’ll be buying from a position of strength as opposed to buying on a hope and a prayer that the share price will increase. I know some investors buy on a gut feeling that the share price will increase which I reckon is a trendy way of saying that " I haven’t a clue what’s going to happen so i’m going to have a gamble." As you may have gathered I prefer to make an investment based on factual information. Having said all this, I’m extremely disappointed at the way the share price has fallen. I never thought we would ever see sub 20p again. Particularly since the share price hit 64p when there was no production and Hurricane is now producing c20,000 bod with the share price at c16p. These figures simply don’t make sense!! I’ll close with the famous last words. " I wonder what tomorrow will bring?" or " Tomorrow is another day." Carliol
Ricfle
11 Feb 2020
Dividends Bobsson/Albi1 bobsson: The $187.5 m includes a 4km? flowline from Lincoln to the FPSO, these costs will not be incurred. The majority of the costs would be associated with the flowline. Balls, first of all it is a 7km flow line from Lincoln and we do not know the Lancaster distance but could assume 5km, so not a lot of difference. bobsson: Lancaster is an oilfield (as defined by the OGA) HUR has a licence to produce for 27 (?) years. Lancaster has over 500m barrels of 2C and 2P. At 20,000 barrels per day it would take 68 years to extract the oil, 2088, this is not expectable to the OGA, while Hur dither about paying dividends.
Ricfle
11 Feb 2020
Share Price Bobson/Albi1 bobsson: Ricfle/Nelly So are you a buyer at 13p? Do you become bullish at 13p? Read my post above and it may become clear.
Ricfle
11 Feb 2020
Share Price Albi1 Just read this, by you on LSE 14:48: “You have never answered the question but I put it to you one last time: Why do you post on here? Are you invested in Hurricane? If no - then you are a troll and should be banned.†Where is the rule that only the “invested†can use these boards? And if you have a negative view, you are a troll? You should really sell the lot and disappear up your own a-hole. You have constantly ramped this up despite the evidence, advising others to buy or hold, as this suits your position. Yet you have been consistently wrong for months, while abusing others who can accept and deal with the reality of the situation. The SP is always right and today it is 16p and no amount of your nonsense will change it.
bobsson
11 Feb 2020
Lancaster Oil Production ( EPS ) I have the next oil lift, the 9th offload, pencilled in for this weekend 15th/16th February. If HUR have now increased production to 20,000 bpd, there should be a load ready for offtake. Thereafter at 20,000 bpd offloads should be every 21 days. share price still falling, now below 15p on 11/2/2020
bobsson
11 Feb 2020
Dividends Ricfle/Nelly Ricfle: No need “GWA tie back, WOSP tie in and FPSO modifications are $187.5m†minus long lead items, end of story. The $187.5 m includes a 4km? flowline from Lincoln to the FPSO, these costs will not be incurred. The majority of the costs will be associated with the flowline. Ricfle: The cash the EPS is generating will be spent of increasing production in the near and far term, or the OGA will revoke Hur licenses. Hurricane cannot just fiddle about for years without a funded plan to develop their assets. Lancaster is an oilfield (as defined by the OGA) HUR has a licence to produce for 27 (?) years. 40,000 bpd at say $90 pd oil in 2021/22 thats $3.6 m per day! The sub areas of Lincoln and Lancaster were extended by 5 years, not the fields which can produce for 27 years. DYOR Please
bobsson
11 Feb 2020
Share Price Ricfle/Nelly So are you a buyer at 13p? Do you become bullish at 13p? Share price about to go under 15p ? 11/2/2020
bobsson
11 Feb 2020
Warwick & Lincoln 3 wells drilling 2020 Hi carliol, Good to hear from you. Great decision to sell in the 30`s. I wish I sold at 55p! Yes, if news does come before the CMD it is likely to be bad, (or perceived as bad) say Spirit officially dropping out of the JV. If that happens we can expect negotiations with Spirit regarding compensation payments to be strained. It may already be the case as HUR have to negotiate with Spirit and TO regarding the sole lease of the PBLJ for the Lancaster drill. The rig should be emerging from Norway in March, so there must be an RNS to say what its schedule is. HUR final results are on 19th March. I am expecting an oil price spike at the end of 2020, so long as the c virus is under control, the spike should then settle to see a prolonged three year period of high oil prices. Are you going to buy back in and what price are you looking for? IMHO DYOR
Empty_Sporran
11 Feb 2020
Share Price Be patient, you will get these in single figures soon don’t be to hasty and try to catch a falling knife. My guess is 2 - 3p soon with a bounce back to a 12 - 16p range after CMD in March where it will stagnate for the rest of the year if not bought out before. Big Players have the time and certainly the money to wait it out till the time is right to pick this company up for the spare change in there pocket. HUR have shot there bolt with regards all the good news they can muster and put out there and all they have now is the hope of something that will appeal to the markets in the CMD which of course the markets will know the contents of before hand IMHO of course and the SP will tank again. I can here the laughing now but he who laughs last laughs longest, remember at 40 something p and my prediction of low thirties and below well look where we are now and where we are heading, low single figures IMHO. Oh, and ask your self this. Why are the Management not hoovering up these shares at this price if the had the confidence in the company as there is nothing preventing them at the moment and recent past since the last RNS? Good luck to all investors and of course all of the above IMHO.
ash6666
11 Feb 2020
Warwick & Lincoln 3 wells drilling 2020 Nice to hear from you again. You were brave but correct to sell around 33p. If I was you I would buy back in at 15p(ish) but that is not advice to you!
carliol
10 Feb 2020
Warwick & Lincoln 3 wells drilling 2020 Hello Albi 1, Bobsson and Ash, It’s a while since I made a post so I thought I would make contact again to try and ascertain where Hurricane’s share price is heading. I sold all my shares in Hurricane at the beginning of Jan for 33.1512 and 32.608 and the last tranche at 29.875. They were reluctant sells because although I have faith in Dr Trice and the naturally fractured basement reservoir project W of S I felt the bad news outweighed the good progress made on Lancaster and I thought the next news of any significance being made in the Capital Markets day presentation in March was leaving the share price open to it being dragged down. Fortunately or unfortunately my judgement was right. I can’t believe the share price has fallen to close at 15.47p today. Even though the poo is now at $53.58 a barrel I reckon Hurricane is massively over sold. Sooner or later OPEC will cut production and US shale producers will begin to make big losses. This should lead to the poo increasing sharply. However, China and the coronavirus remain an unknown quantity and their effect on the poo and global economics cannot be underestimated. I nearly bought back in at c20p but resisted the temptation. Where the share price is going is anyone’s guess but I can’t see it falling much further. It could be said that the AIM market is a lottery and that the fall in the share price was par for the course on AIM but perhaps the herd mentality is driving the s p down and it might be the same mentality will drive the share price back up. Even though I haven’t posted for a while I’ve been keeping up to date with your posts and greatly appreciate them. To repeat, my main gripe with the HUR Bod is stating that further news on Lancaster will be made in March. This was a big error of judgement and and left the company vulnerable to the fall in the share price we have recently seen. We all know that AIM shares are news driven so why didn’t the BoD leave their options open and keep the market guessing as to when an RNS might be issued. Let’s hope we see an early resurgence of confidence in Hurricane. Carliol
