Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Just to put a few thoughts out there while we wait for our market pleasing RNS.
C.A. Geo's/advisors are advocating that there is a large structure below the OWC that could contain Hydrocarbons and are confident, by putting their money where their mouth is, by doubling their stake in Hur.
Would it be feasible to drill a fresh well into this structure, if we find Hydrocarbons there would be no need for WI, If it turns out a duster, the hole could be used for WI?
Two birds with one stone
HUR “Forward Work Programme” RNS (referred to in the latest operational update) is due here sometime soon and could well turn out to be a game changer for HUR as a company and it's very much ailing SP/Market Capitalization. Therefore it would be prudent of new management to ensure that it is well planned and satisfies as many investor requirements as possible prior to final publication and thereby, builds confidence here again moving forward. This in contrast to the incredibly strange Kitchen Sinking RNS published last month at the time of HUR's transition to new management will very much need to re-build the lost trust between investors and HUR whose valuation today is at all not a fair representation of company assets, position, and future potential but much more a reflection of the lost trust between investors and old management, and also if all of a sudden a takeover bid comes this year, it will further validate the odd nature of the unjustified Kitchen Sinking, all IMOO.
Is hurricane energy all washed up.??
Buys going in the sell column as usual should see a rise from here
dont listen anyone..this share is real danger and you not find anyone who had on it profit,all sitting in big loses ,company is real liars,downgraded resources on 90% ..just keep away from there
I don't get how people keep saying this is going up but everyday it loses another couple of %
Lol you are funny - cash balance around 100m and bond payment of 200m due in 20 months and the last I heard was production was at 14K
Sounds realistic 6p
New report from Arden with target price of 6p
??
Also advisor to Longboat Energy, probably nothing but I remember a few weeks ago someone mentioned Longboat takeover bid.
Outlook and sentiment for O&G seems to be improving, supply demand picture says much the same for the post Pandemic period which bodes very well for HUR IMO.
Hopefully another sign here of new HUR management being increasingly proactive and taking firmer control, time will tell.
Gearing up for an equity raise. Reckon begging bowl will be out soon.
Good Post/Summary, thanks.
Hurricane Energy plc, the UK based oil and gas company, announces that Stifel Nicolaus Europe Limited is the Company's Nominated Adviser and sole Corporate Broker with immediate effect.
Hurricane Energy plc, the UK based oil and gas company, announces that Stifel Nicolaus Europe Limited is the Company's Nominated Adviser and sole Corporate Broker with immediate effect.
1- “The recovery in demand has continued cautiously, despite second waves, with a normalisation of demand considered likely in the event of a successful vaccine.”
2- “Prices have been supported in the current demand environment by OPEC+ discipline”
3- “The longer oil remains below USD50/bbl, the larger the supply impact from the US is likely to be, given rig counts at historic lows and a high decline rates.”
4- “Any reduction in US supply is likely to be exacerbated following years of underinvestment outside the US, as the US growth disincentivised investment elsewhere.”
5- “Oil-exposed equities are trading at levels roughly half of pre-COVID levels – we believe it is increasingly likely they will ultimately trade at levels above these levels for the above reasons.”
https://www.livewiremarkets.com/wires/oil-pricing-in-a-more-realistic-recovery
HUR “Forward Work Programme” will be a game changer here for the SP once announced as current valuation only considers the half empty glass and absolutely nothing more IMO.
Nicely put and summarised, thanks.
Looking at the presentation of the Buchan oil field, which JOG now intend to redevelop, it looks like it was previously (in 2017, when the former floating production vessel was taken off station due to failed safety case) producing just 3,500 BOPD with a 50% water cut.
And by way of comparison: HUR 8 Oct 20 reported as: c 14,500bopd and c 19% wc .
Makes the 6 well to be still looking pretty good, to me.
DYOR
Buchan production chart on page 4.
https://wp-jerseyoilandgas-2020.s3.eu-west-2.amazonaws.com/media/2020/10/15070259/Buchan-Technical-Presentation-vFinal-1.pdf
I concur, and good luck everyone.
Capt Swag,
As Genghis has stated, 'The thrust of my posts is that everything depends on the reservoir.'
That is in the short term the issue/risk for me now, imho.
Can well 6 fund all cash requirements for the next 12 months, given potential water issues?.
I bloody hope so, but we are now hanging on by a thread are we not?
The sooner the new BOD's issue a forward strategic outlook on how value is to be added to the Hurricane story and God knows we deserve one !!!!, the longer the SP will languish at the 2p level.
Yes can see this recovering should see a bounce in morning will be loading up again
Major recovery due tomorrow with oil rising and this being majorly oversold