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The final volumetrics will have to be agreed by BP & HUR when it is offloaded into the shore tanks, so it is a little premature asking for volumetrics before they have been agreed by both parties.
or woman ...
Amaja
I think you've recorded some other volumetrics today - 56 tick ups to thank you from PIs here and I've added mine!
Hi Foresight - re fracture density at the lower depths and WD: Yes, appreciate the general info relating to the decrease of 'open' frac/fissure density with increasing depth of basement; my query centres around whether Hur consider the poor frac encouter of WD's horizontal section was just bl00dy bad luck (as it was sidetracked i presume not (?)), whether the sidetrack requirement was as a result of drill-adverse fissure/frac encounters, or other (e.g. purely mechanical, i.e. kit failure/incapacity), or whether they drilled that location/course knowing that in terms of a future production well it had a decent probability of being a bum hole. (That last bit wasn't premeditated, but if it gets through i'll eat my hat and buy more shares, honest). If the latter is true, why - was it worth the time, money and costs to the company's goodwill and mcap?
AK; agree with your take on co'y general news management, but do think they could, without being brash, put some worthwhile minor tech updates out at appropriate times - the co'y is getting a bit of an aura of being setup for a 'big-fish-sale-so-s0d-the-punters' attitude, but look at the sp - a (WD excepted) stellar year - congratulations Hurricane - but mcap 33% lower than peak 2017; not good. There's a good few folk on here who, given the chance, would probably do the PR for free, ffs. (Amaja, for a start!)
Here's hoping for a nice (hydrocarbon-fuelled) flare in 3-4 weeks time.
GLA
tiggerman,
If one has a beef about something, I think it's usually best to contact the company's IR dept rather than just bleating on a BB. And you've done so with your letter. However before sending such letters it pays to do a minimum of research, and I fear you've shot yourself in the foot by evidently not having done this.
Hur DOES publish a quarterly update on its website. The company DOES issue regular RNS's in a timely fashion in regards to well spud or an 'oil strike' (whatever that may be).
You'll also find a small glossary of technical oilfield terms on the website, and anyway, these days, internet search engines are a marvelous thing.
In my occasional dealings with Hurricane's IR dept, I've usually received a prompt and helpful reply. So I suspect you'll get an email from them pointing out the facts I've stated above.
Though they'll probably be a bit perplexed (as I am) as to why you (like another newcomer here) refer to them as HE, rather than their 'ticker' HUR, like most shareholders do.
Many thanks, Amaja.
sensitive fellow aren't you PottyTime.
yyami just wrote 'There will be an interruption.'
Another 'friendly advisor' with future goggles and a suspiciously low number of posts. FILTERED
lets just remember, it doesn't matter a jot what the share price is right now. Lancaster is world class, you could see in the CMD that Dr. Trice and Stobbie were visibly and genuinely thrilled with its performance.
There will be an interruption.
Just my opinion.
Good one Amaja. Thank You.
------
34 ticks wow. There are a lot of 'voyeurs' lol.
If we were running a sweep my guestimate would be 300,000 barrels.
I would think a good few Pi's have raised the same question as you this morning, but not quite as eloquently.
GLA.
Amaja - thank you.
Using API = 38 I get 56,000mt = 421,894 bbls, see https://en.wikipedia.org/wiki/API_gravity. However we have only been stated the API in round numbers, so the report from Amaja of 455,000 bbls may be correct. Similarly I am not sure of the conventions for pressure and density correction in the tanker trade.
32 days lift to lift means averaging approx 13k bbls/day in round numbers.
The volume data - and the cash - are important, but the pressure data is the key.
Thank you for sharing this news Amaja,Mr Stobbie will be seething after trying to put a lid on the flow of information we receive regards parcel volumes,Klepto.
To : Hurricane Energy plc.
Sirs,
Please find attached a print out from this mornings LSE Share Chat Board. Along with SXX , HE is among the most used company bulletin boards on the stockmarket, and is regularly followed by hundreds if not thousands of your shareholders – anxious for information. Up to 2/300 daily contributions from the knowledgeable, the curious, the questioners seeking explanation, and downright negative and gloomy forecasters. Many track Shipwatch to track every vessel that even dares head in the direction of Lancaster, Warwick Deep, Lincoln Crestal etc. and all known rumour and detail is entered into the site.
I am also a shareholder in Sirius Minerals.com who are assiduous in publishing regular RNS, website quarterly progress updates, plus any other relevant shareholder info. Their service to their shareholders is as good as it gets and much to be admired.
I appreciate that HE is as yet, still a small company, with not a lot of spare human resource to service its shareholders , but there are many, many of us who have significant sums risked in the development of the company who would appreciate some form of important time event ( oil offload , spudding date, oil strike ) or regular progress update ( designed and written for non oil tecchies – simple explanatory language ) . It would also dissipate the gloom and false rumour mongers.
I trust that you will at least – if only on an investor News section on your website - be able to make some effort in this direction.
Yours sincerely,
Sent today to HE
Many thanks Amaja, I greatly appreciate your info.
I am greatly dissatisfied with the abysmal PR from HUR. I feel their treatment of us private investors is appalling and have emailed and tweeted this to HUR and hope everybody else does as well. Announcing the 2nd oil uplift, with total barrels, via a HUR tweet should be a given.
SG2
WD: Fracture density decreases with depth below structural closure as HE currently models (?)
Thanks Amaja, your effort is much appreciated. (Shame the Hur PR dept seems unwilling to step-up to the plate....)
Not impressed with Hur PR - 'fail'. (CMD info was good, though; just that one little associated storyline missing - why the poor fracture network through WD - and what does that mean for the general fracture density model?)
gla
Hi and many thanks Amaja
Unless I'm wrong isn't it 56000x 7.33= 410,480 ?
Great news! ...so very strange that HUR BoD do not use these 'events' to provide information which will be in the 'public' domain - why don't they say 'XXX BO lifted, next lifting in YY days; Lancaster wells averaging rates of AA & BB (+ ZZ Water Cut)...' BoD just loves M&M.
Need to watch OGA website for the first production rates (three months lag) which HE still has not shown in any ppt yet but will be in public domain very soon. Well before next CMD in January. What are they playing at?
Has anyone established what discount/premium to Brent Hurricane are getting for their oil? I presume there will be an initial discount to Brent given that refineries will likely want to see a period of stable oil characteristics before paying a 'full price'?
cheers amaja , top man .
Amaja, - I hope you are right, as 455k BOO ( $$$29,500,000 ) would clearly and significantly demonstrate increased flow rates. 11,000 to 13,000 BOPD????. And this can only be very encouraging news. ( providing that the calculations pass the censorious scrutiny with the analytical mathematicians ).
Sad that HE will not promptly share this detail with its loyal shareholders. It is hardly Top Secret info. RT should borrow some of the website managers from SXX to learn a thing or two about website management and regular news release for those who finance this exploration.
Thank you. Another own goal by Hurricane. Close to 14000 per. day ?
GLA.
Thanks Amaja.
That is around 14k+ bopd based on 32 days between lifts and close to another $28m+/- added .
Anyway you look at it, this is fantastic news. Thanks again.