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EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect Watch Here

EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


Hurricane Energ Share Chat (HUR)



Share Price: 45.24Bid: 45.40Ask: 45.50Change: -0.66 (-1.44%)Faller - Hurricane Energ
Spread: 0.10Spread as %: 0.22%Open: 45.70High: 46.04Low: 45.24Yesterday’s Close: 45.90


Share Discussion for Hurricane Energ


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adoubleuk
Posts: 7,384
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:45.24
O/T reading matter
Today 22:28
Something mentioned a few days ago. For anyone vaguely interested. The latest 'Macondo book', which arrived in my letterbox today.

I was mistaken. The author is not the DWH's maintenence Supervisor, but someone else who used to work on the thing as a Driller, but had already been transferred elswhere when the accident occured. A different Williams.

But who within the first three pages already describes the movie as 'distorted fabrications'.

I'll let you know what I think of the book when I've finished it. Probably by the end of the week.
 
InJamesweTrust
Posts: 1,523
Off Topic
Opinion:Strong Buy
Price:45.24
RE: PBLJ Drill Options for 2019.
Today 21:22
Biffa
With Foil likely in 2018 the BoD will fairly swiftly know the position with PBLJ and drilling options.

Expect therefore their planning is for the knowledge of flow to be sufficient to take up the options in good time. They have hit their straps on timings for most items so far.

Zennor finished by Jan/Feb then some maintenance and on to HUR.
adoubleuk
Posts: 7,384
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:45.24
View Thread (2)
RE: PBLJ Drill Options for 2019.
Today 20:43
Ricfle,

"I am sure that even the BoD cannot state what continence they will be left with, when they achieve first oil."

Are you suggesting they may have p**sed themselves laughing over what Shell didn't recognise back in the seventies?
JayKay1
Posts: 159
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:45.24
RE: CB Arbitrage....
Today 19:25
Hi Cebo

The 3% notification exception (DTR5) only applies where the holding is based in the USA , Japan, Israel or Switzerland, i.e. Pelham (USA) notified based at 5% based on the notification rules in place in the USA...

JK
Cebo456
Posts: 1,221
Off Topic
Opinion:No Opinion
Price:45.24
RE: CB Arbitrage....
Today 19:16
JayKay,
"This could mean that the CBs are spread far and wide" - I think it could also mean that the CBs are very close to home, with Hurricane or indeed their major shareholder fully aware of when they will be converted.
And I believe that some suitors will be able to build up to a 5% stake before they need to notify, not all need to declare above the 3%.
IMO
Ricfle
Posts: 2,198
Off Topic
Opinion:No Opinion
Price:45.24
RE: PBLJ Drill Options for 2019.
Today 19:12
Genghis15

I was talking about xmas trees not drilling.

On the 20 Oct 2016 Hurricane raised £70m for drilling and to "secures EPS development timeline".

On the 17 May 2017 Hurricane raised £12.7m witch we now understand to be for the xmas trees.

On the 20 March 2018 the xmas trees were delivered.

Therefore, we are looking at a 17 month time line from order of the xmas trees to delivery, so if Hurricane are seriously contemplating "long‐term production testing" they need to order the xmas trees now to start in Dec 2019!

Or have they already placed an order?
londoner7
Posts: 403
Off Topic
Opinion:No Opinion
Price:45.24
View Thread (2)
RE: PBLJ Drill Options for 2019.
Today 19:04
"drilling would be subject to FOIl, and if FOIl was late drilling would be late as well."

That's what he said.

Refer to the AGM presentation with speaker notes.
JayKay1
Posts: 159
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:45.24
RE: CB Arbitrage....
Today 18:57
The strange thing though, compared to other recent large scale CB issues (PMO / SXX) is that we've haven't seen either CB conversions (and we've traded at 48p which is 20% above CB par conversion price, 32p + 25% = 40p), or seen any substantial opening of declarable short positions (> 0.5%) which in a pure (coupon only) arbitrage play would of been opened around 40p...

So, this could mean that the CBs are spread far and wide with few holders having any substantial volumes such that there are a lot of short positions under the declaration threshold, or very few holders have opened an arbitrage position but still not converted even at 48p for a quick 20%… This would seem to contradict what was seen with both PMO and SXX…

So, what if someone (a major?) wanted to build a substantial holding in HUR on the quiet, in the expectation of a future partnership? They could buy open market shares up to < 3%, and then fill their boots with CBs without the need to declare... In this situation they'd neither convert (would take them over 3% declaration threshold), nor open a short position above 0.5% (again triggering a declaration)...

Just a thought!
Genghis15
Posts: 3,275
Off Topic
Opinion:No Opinion
Price:45.24
View Thread (2)
RE: PBLJ Drill Options for 2019.
Today 17:54
Ricfle

I do not believe there is sufficient "contingency" in the EPS raise to fund a drill anyway, as I said before, but RT stated firmly and specifically, without being asked, that drilling would be subject to FOIl, and if FOIl was late drilling would be late as well.

If you go back to the 2 presentations of the rsaise and look at the different bdowns . fixed sums, reimbursables, etc, I think you will see what I mean.
Ricfle
Posts: 2,198
Off Topic
Opinion:No Opinion
Price:45.24
RE: PBLJ Drill Options for 2019.
Today 17:45
Genghis15

"And btw, it was made clear at AGM that drilling would be funded from cashflow;"

-------------

I am sure that even the BoD cannot state what continence they will be left with, when they achieve first oil. However, from slide 23 of the AGM presentation:

"Appraisal wells may be tied back to the Aoka Mizu for long‐term production testing."

If you want to push the job on, why not order the long lead items like, an xmas tree?




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