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Gotta reply from Hurricane re Lincoln being reported P&A
"Hurricane provides regular updates through its regulatory news service disclosures, available on its website. These announcements are made in line with the company’s regulatory obligations and should be your reference point for the latest status of operations, rather than online news articles. The 6-Feb release explains the situation regarding the Lincoln Crestal Well."
My take is the media article is b**locks!
"I have tweeted Hurr this morning to ask for clarification."
And I've dropped them and e-mail, let you know if I get a reply
MCB55 I agree. This could be shoddy reporting . I have tweeted Hurr this morning to ask for clarification. Doubt I’ll get a direct answer but I’d hope it will get this article accurate (if it’s not). I’ll be surprised and disappointed if the article is accurate
My somewhat optimistic view of the energy voice article about P&A LC is that it is not necessarily fact YET! Hur have to plan for the worst while still hoping for the best, IF the OGA discussions were done and settled then Hur would rns that fact! So my view is that discussions are ongoing and so is time, so Hur had to commit to an outline drill plan early, may change!?
Jiffy, Bob Dudley has moved on .
Just out of interest, can you let me know about any oil production that didn't require spending first? Just in case I missed it.
There were some 'cryptic' clues posted last night but somehow were banned??? however some appeared in article from your link!?
"there is no panic as long as the oil tanker turns up every month and loads up, and deposits a shed load of money into HUR's bank account then all is good is it not?"
Really, 'no panic'????... unless I read into this differently.???? ......well options may wary???
Cash is King!
Surely, it is???
..... but Questions is???...how long cash will last, justificating all spending???;o),
'Will this 'panic' conversations, revelating what previously has been banned, be removed by 7AM???....
......I would say Yes??....
..so you had better grab a copy for educational purposes as it won't be available anymore!?....;o),'
Banned?????????, I think you need to re asess your opinion, there is no panic as long as the oil tanker turns up every month and loads up, and deposits a shed load of money into HUR's bank account then all is good is it not?
Cash is King!
Wondering myself aloud...hmmmm
Will this 'panic' conversations, revelating what previously has been banned, be removed by 7AM???....
......I would say Yes??....
..so you had better grab a copy for educational purposes as it won't be available anymore!?....;o),
"Agree, sorry about my post , but we need to know what the 2020 strategy is going to be in full. "
No, no reason to say 'sorry'. No way I'm going to shoot the messenger!
It's now 'calm time'.
But I'm sure as hell going to go investigating why LC's going to be P&A'd, even if a few days ago I wrote a post saying how that might be justified.
Now I'll be wanting to check if my reasoning was correct.
You never know do you what may be taking place behind the scenes.?
'They've delivered hit after hit,and funded it in a ****ty oil http://environment.Now BP are focusing WOS n HUR named by CEO. Join the dots!;
Simply gist.... you can't really say more???
"Let the love-in continue",
JB (and others),
No, suddenly re-read that link. It was f**in Transocean who released the news to EnergyVoice, the Swiss-based moth****ckers.
I hope Hurricane's got some good lawyers on the case right now.
Middle of the night, writing all sorts of things, and pow! This.
Remember Deepwater Horizon.
Finally, some proper, balanced view so different to the "ramfest"rampage." ;o),
Agree, sorry about my post , but we need to know what the 2020 strategy is going to be in full.
Thanks for the link.
And now, unfortunately, I fear the SP will drop further, and it's incumbent upon the company to issue an RNS pdq to give an outline of the rig use and drilling campaign.
That 'EnergyVoice' has got this 'scoop' (no doubt via the Aberdeen office) before Godalming did it via RNS is disappointing.
I hope that the RNS will explain further why LC will be P&A'd instead of remaining suspended in greater detail, and not just 'according to regulations' .
F**k the CMD. If that 'leak' is to be believed, for the first time since being a shareholder here I'm annoyed, and expect some clearer explanations.
Re: 'I have a real suspicion that the SXX debacle has been deliberately manipulated as a way to discredit HUR.'
Absolutely 100% agree, with charlatans like Jamie Ashcroft et al, Proactive Investors, they do not have a F---K clue as to the real position ,and just go with the general market sentiment/manipulation in order to appear to be knowledgable, but in actual fact know SFA.
Have watched JA on PI videos/interviews, the guy is a chancer and a charlatan and needs to be exposed, for his lack of real research.
Roll on the next tanker, cannot be far off now, Oh all that money hitting HUR's bank account!!, dear me. :O)
Wrt Your SXX investment.
You give a reasonable explanation for the traincrash the whole thing's become.
But your post just illustrates the point I was trying to make in my own earlier one.
I have a real suspicion that the SXX debacle has been deliberately manipulated as a way to discredit HUR.
Re: 'However, nothing has indicated that such an extension won't be granted. In fact, a few nights ago in another post on roughly the same subject, I wrote that I thought it would be 'criminal' for that not to be done.'
I would very much like that to be the case as you say, but what about the Energy Voice article?
'The Paul B Loyd is booked up to work for the operator up until October, with work coming up to plug and abandon the Lincoln Crestal well in March.'?
I think at the very least, HUR should update us all on such a decision via RNS.
"Re: 'The relationship with the OGA is either dire, or being misrepresented.'
I believe it to be entirely misrepresented, and used us a 'weapon' by the cabal trying to 'bring down' Hurricane Energy. (Because really, without wishing to sound conspiracy-theorist, that's what I see. A deliberate attempt to disenfranchise the company of which I'm a shareholder.)
OGA and HUR have obviously so far had a very close relationship. And it is part of OGA's mandate to be proactive in encouraging UK oil-related projects.
The cast-iron proof of this is the surprise, 'out-of-round' allowance of acquisition to Hurricane of all the NE sector all the way up to Halifax, a couple of years ago.
We have absolutely no reason to believe that such a situation has changed. People (negative) have jumped on the fact that the company has stated that Lincoln Crestal may have to be P&A unless OGA allows an 'extension' to the well remaining suspended as is. However, nothing has indicated that such an extension won't be granted. In fact, a few nights ago in another post on roughly the same subject, I wrote that I thought it would be 'criminal' for that not to be done.
Afterwards, on re-reading my post, I thought I'd overstepped the mark. But now, maybe not.
If LC gets P&A'd, yes, it will mean that there's been something 'dire' that's happened in the HUR / OGA relationship, possibly relating to Spirit, but also political, but equally maybe relating to Shell and BP who've 'coralled' all the licences around Rona Ridge that don't belong to Hurricane.
If that happens, there may be some money in it for me! By putting my 'investigative journalism' hat back on.
But no, I reckon all's OK.
Re HUR V SXX etc.
There is absolutely no similarity at all imo.
I invested in SXX and have lost a small wedge, BUT, one has to look into the reasons as to why SXX failed to come up with the finance, and when you look into the SXX situation in depth, you will find imho, it is because the BOD's were not only incompetent, but also had prior connections with AAL, that is a fact, and on the surface looks like this was done deal always in the making, at the same time as raising a placing for finance whilst also discussing a relationship with AA,L unbeknown at the time to SXX SH's.
SXX have already garnered some agreed 13.5 Million tonnes of orders, known as TORPS, to secure future revenues.
There is now a concerted campaign and opinion / belief amongst remaining PI's, that should a 'No Vote' to the takeover win, and many are of that opinion it may succeed, then bond holders, ie Qatari's and others may assist in raising alternative finance in order to secure their Bond investment, as administration would wipe the bonds out. (The Qatari's had already offered a bridging option but backed down after the AAL offer, assuming that their bonds would be safe on takeover. That position is still at Risk imo.
Basically, investors in SXX have suffered imo, because of the companies reliance on JPM as advisors.
Writing at the same time again!
"I don't agree with EVERYTHING you write; I meant I agree with everything you wrote in that post of yours."
(Assuming the one to To JoeSoap. Yeah. Understood.)
"But I am in a mental institution of a sort - the one known as AIM, with (some) delusional posters and attending scribblers and crazy prices."
Hence my trip to Marrakesh in three weeks' time and playing poker 14 hours a day. Hope to make some money to bide me through these misinformational times on AIM and regarding HUR! At least there and in that context I can become misinformational and profit from it with a clear conscience, because that's how the thing works. But it's shameful that a London-based stockmarket allows such behaviour.
Re: 'The relationship with the OGA is either dire, or being misrepresented.'
We were obviously writing at the same time! I wonder wherJiffyBag (usually on the 'nightshift' has gone to?
You misunderstood me, Double!
I don't agree with EVERYTHING you write; I meant I agree with everything you wrote in that post of yours.
But I am in a mental institution of a sort - the one known as AIM, with (some) delusional posters and attending scribblers and crazy prices.