Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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I'm sure Spirit would love to bring forward the tie-back and production from Lincoln.
After the split with Centrica they must be keen to show they can stand on their own 2 feet (or at least 4 legs).
Yet they didn't bother saying too much or raising expectations during the half year results?!
With recent Press,RNS & general chit chat going around, I am beginning to think Hurricane are about to press the overdrive button on the whole shabang.
so looks like CMD is going to be January. that would be with 6 months of data from continuous production. Can't see much point of holding it then if no significant update to be given on production prospects for the future
I was always expecting it to be June 2020 so sounds good to me.
Thanks Missdosh, most interesting bit from Hannam's update:
"Valuation and catalystsOur risked NAV is 135p/sh (up 5p/sh on a mark to market of £/US$ FXrates). Our fully diluted core NAV of 51p/sh,only gives credit for the 2P reserves from Lancaster EPS, the EPS extension to 10 years and the firm carry provided by Spirit. With the shares trading at 46p/sh, this impliesthe market is ascribing no value to Hurricane’s >2Bboe of contingent resource -ittrades at ~US$0.5/bbl of 2P+2C resource.The next few months of production performance from Lancaster will be very important to proving the play and Hurricane will hold a follow-up CMD in January next year to discuss this and the understanding of the 3 GWA well results. We also expect an update on securing a rig to potentially bring forward GLA drilling to 2020.At US$70/bbl in 2020,we estimate operating cashflow pre-interest of ~US$350mm.We estimate that Hurricane is trading on <4x EV/EBITDA in 2020."
£1.35. That will do for me. Hold to then.
Hannam are saying there will be a CMD in January.
Is this new information?
Posted by muddy_40 on ADVFN the new Hannam And Partners note.
https://gallery.mailchimp.com/110d0aa5f5d9bf9478796664e/files/420bc2bd-8289-4cd3-99f4-becb4e15587c/Hurricane_Energy_Note_2019.09.20_003_002_.pdf?utm_source=H%26P+Master+Contact+List+%28Sements+and+Tags%29&utm_campaign=69b4eed3bf-EMAIL_CAMPAIGN_2019_07_02_10_23_COPY_01&utm_medium=email&utm_term=0_dd4f91613c-69b4eed3bf-98981107