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EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms Watch Here

EXCLUSIVE: Aminex CEO says 'Institutions are delighted' with Zubair farm-out terms
EXCLUSIVE: InfraStrata continue to negotiate with major gas companies and institutional investors


Hurricane Energ Share Chat (HUR)



Share Price: 50.85Bid: 51.00Ask: 51.15Change: 0.00 (0.00%)No Movement on Hurricane Energ
Spread: 0.15Spread as %: 0.29%Open: 51.10High: 51.85Low: 50.50Yesterday’s Close: 50.85


Share Discussion for Hurricane Energ


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wessexmario
Posts: 2,270
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 17:42
I think the calendar is getting a little short to keep claiming that foil won't happen sooner than the published schedule in the plan. It's interesting to see that most of the plan is little unchanged since it was first published in the Environmental Statement, and in that document it had a timeline with 'anticipated foil' at 2Q2019 and 'potential foil' at 4Q2018.

Mind you, we couldn't have had better weather for the installation so far. It would only need the jet stream to move into the wrong latitudes and start a conveyor belt of strong Atlantic depressions and we could have waiting on weather delays for months.
https://www.youtube.com/watch?v=8Xjr2hnOHiM
 
Ricfle
Posts: 2,286
Opinion:No Opinion
Price:50.85
RE: ricfle
Thu 17:37
Pijoe1212

"kero have a defacto blocking shareholding to any class 1 transaction."

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

Kerogen have 21.87% so not quite there, but would not take much support for them to block.

Taking your values for 2C $1.50-$3.00, a flowing Warwick would add about £1.08bn - £2.16bn or 45p - 90p a share to the value of Hurricane for about £70m drilling cost. No one in there right mind would sell before this well was drilled.
wellwell
Posts: 4,507
Opinion:No Opinion
Price:50.85
RE: Shipwatching - SURF
Thu 17:28
MiL62 - what’s the Aoka Mizu’s design transit speed? Assuming 4 weeks to Rotterdam can she manage 9 kts?
adoubleuk
Posts: 7,543
Premium Chat Member
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 17:23
Genghis,

I can't quote your post as I'm using my phone. But agree with you about Malcy's reply and body-language when talking about likely FoiL timing. And the one thing he DIDN'T mention was the official company guidence of 'sometime in H1' !
pijoe1212
Posts: 5,250
Opinion:No Opinion
Price:50.85
ricfle
Thu 17:18
i agree and have pointed out several times kero have a defacto blocking shareholding to any class 1 transaction.
mrJimV
Posts: 10,706
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 17:17
Depends how much money is in the pot for the drilling the other wells , my guess the next 2 wells will be drilled , flow data on the wells that are producing , if they are good results there will be a few offers on the table by some majors that quick.
DiveCentre
Posts: 316
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 17:16
Genghis

"But going back to Malcy I think he is slyly indicating what many here think, which is that FOIL will be Q4 2018, not H1 2019."

I had exactly the same impression.

"the biggest danger is a hostile bid b4 we can prove up the other fields."

Isn't this why they have engaged Boudicca Proxy?
Genghis15
Posts: 3,370
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 16:53
Ricfle
"but Dr T whats 6 to 12 months not just for production, he wants to drill Warwick, flow test Lincoln and Halifax and possibly Whirlwind."
I'm sure that's what he wants, too. But if a hostile bid came in, it would be out of his hands ; shareholders would decide.
Ricfle
Posts: 2,286
Opinion:No Opinion
Price:50.85
RE: Malcy LSE evening
Thu 16:48
Genghis15

"and talking of the HUR line that 6 to 12 months will prove the well, he says it " people won't take that long to work it all out"."

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

I am sure people will work it out, but Dr T whats 6 to 12 months not just for production, he wants to drill Warwick, flow test Lincoln and Halifax and possibly Whirlwind. Until this happens there will be no sale in my opinion.
Mil62
Posts: 60
Opinion:No Opinion
Price:51.00
RE: Shipwatching - SURF
Thu 16:31
UAE to Rotterdam via Suez

7 knots-37 days
8 knots-33 days
9 knots-29 days

100 knots- 2 days 14hrs & 3mins
Genghis15
Posts: 3,370
Opinion:No Opinion
Price:51.00
RE: Malcy LSE evening
Thu 16:27
aduk fwiw I'd wager that each well will be perfectly capable of 20k bpd.

But going back to Malcy I think he is slyly indicating what many here think, which is that FOIL will be Q4 2018, not H1 2019.
He has "sat down with" RT again last week (2 weeks post interview, that is) and "all the kit is on time" "sailaway is on time " "once the FPSO gets on site......wells have been primed and ready to go.....it won't be long after that"

HUR is worth "significantly more than £1 a share" and talking of the HUR line that 6 to 12 months will prove the well, he says it " people won't take that long to work it all out".

Now of course this is just Malcy's opinion. But he's clearly close to the company, and that sounds to me like he expects a deal/farmout/TO within 6 months max of FOIL, assuming of course the wells perform.

Very positive indeed, imo.

As long as PoO stays firm, the biggest danger is a hostile bid b4 we can prove up the other fields.
SXX-Pound-Party
Posts: 92
Opinion:No Opinion
Price:50.90
RE: Shipwatching - SURF
Thu 16:18
Sounds like 6 weeks including Holland stop, at least that's how it sounded, maybe wrong.
Recent Dr T interview with him discussing it here:

https://youtu.be/QGF_G-U2qtk?t=14m10s
wessexmario
Posts: 2,270
Opinion:No Opinion
Price:51.00
RE: Shipwatching - SURF
Thu 16:09
ok, ta.
Ricfle
Posts: 2,286
Opinion:No Opinion
Price:51.10
RE: Shipwatching - SURF
Thu 15:57
Weesexmario

"Is this another Malcy inaccuracy...?"

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

No I do not think so.

Edison stated that the sail time for the AM via Suez would be 4 weeks, two weeks in Rotterdam, for plate removal and flare stack, so 6 weeks total seems about right.
wessexmario
Posts: 2,270
Opinion:No Opinion
Price:51.15
RE: Shipwatching - SURF
Thu 15:44
Is this another Malcy inaccuracy...?

"The FPSO will take 6 weeks to get to Lancaster, even including a stop-off in Rotterdam" [55:20]
I thought RT said it'll be 6 weeks sailing PLUS the stop-over.

I'll give Malcy that he may be doing much of the detail off the cuff from memory, but he does sound a little too convincing when he's being inaccurate!
HappyToLearn
Posts: 124
Opinion:No Opinion
Price:50.90
RE: Shipwatching - SURF
Thu 15:13
Hi DiveCentre,

Many thanks for that.

I am a lazy so and so, never bothered to look, lol.

All the best.

HTL
adoubleuk
Posts: 7,543
Premium Chat Member
Opinion:No Opinion
Price:50.95
RE: Malcy LSE evening
Thu 15:06
Jay_85,

"He couldn't really be any more positive could he?"

True, except for one thing which continues to irritate me.

He poses this 'will it work'? question as though it were a binary thing. Personally I refuse to believe that, and consider it to be a popular misconception which Malcy has no business to promulgate. If some people want to think there's a yes-or-no success/failure thing here, well more fools them. Let 'em put their money in a bank deposit account instead. But why spread the myth?

Sure, I'm personally quite ready to admit that (for instance) the initial EPS results might show the sweet spot for the two wells might be 14,000 bbl/day average production instead of 17. But there again, it might be 20. So who cares?
Jay_85
Posts: 50
Opinion:No Opinion
Price:50.95
RE: Malcy LSE evening
Thu 14:55
He couldn't really be any more positive could he
scoredagainsteps
Posts: 1,175
Opinion:No Opinion
Price:50.85
RE: SP
Thu 14:21
Great to hear from you chat when i see you about
MakinHay
Posts: 2,756
Opinion:No Opinion
Price:50.85
RE: SP
Thu 14:20
Hi mate, Good to know you are still on the go..not many of the old school still around. I will be surprised if the sp falls much further here, but if it does then get loaded up imo. Atb Rich
mrJimV
Posts: 10,706
Opinion:No Opinion
Price:50.85
RE: Shipwatching - SURF
Thu 14:11
looking at those photo`s the Thrusters look all refurbished the AM is going to go on it`s own power and not be towed . all IMO .
Genghis15
Posts: 3,370
Opinion:No Opinion
Price:50.70
RE: Malcy LSE evening
Thu 14:08
"worth a fortune"
Genghis15
Posts: 3,370
Opinion:No Opinion
Price:50.70
Malcy LSE evening
Thu 14:06
DiveCentre
Posts: 316
Opinion:No Opinion
Price:50.70
RE: Shipwatching - SURF
Thu 13:57
HTL

There is a photo of the manifold (nearing completion) in the EPS gallery.

https://www.hurricaneenergy.com/operations/early-production-system/gallery

left of the cloudscape shot.

It gives you an idea of the overall size and shape.
scoredagainsteps
Posts: 1,175
Opinion:No Opinion
Price:50.70
RE: SP
Thu 13:56
Hi rich you still about its stepptoe we use to chat on boards mainly hoc , Hope your well




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