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Agreed Spike, but considering investment in the first place was based on speculation I am hopeful of approval otherwise we move on!

Looking back at my previous notes looks to be combination of neutral and positive RNS I was expecting. I thought production would be around 11000-12000 so this has been exceeded which is great news. I expect this to continue to decline but looking great at the moment.

No news on Lincoln but that was expected in view of Hurricanes current position. Need to concentrate on where you are currently producing and of course this news in future could be negative in view of partner sale.

Good news on sandstones and water injection but it's about the money so hopefully someone will finance if side tracking unsuccessful. Overall I see this as good bet! Yeap some good old fashioned oil exploration play :) only invest what you can afford to lose on shares like this :P

Positive news on side tracking 205/21a-7z. If successful this will give stimulas for backing of company.

The water injection is dependent on above success or refinancing which could lead to dilution if shareholder value. This was always going to be a risk in view of finances and reduction in reserve estimates. Even so this has been fully been written into share price. Probably too much so and therefore should lead to correction as news sinks in. Especially as water injection would provide pressure support but also connecting sandstone oil which could lead to further upgrading in reserves! Looking at late 2022 which is to be expected in view of financing.

Production currently in line with previous estimations taking into account increase in water cut which was to be expected. Higher than 1200 I was expecting :)

There was always going to be risk of total loss of investment if above not successful and that's why the share price is where it is. Overall a positive RNS. Need a little luck on side track and then we are all laughing to the bank otherwise support of financiers. I expect it will be a combination of the two (fingers crossed)

All in my honest opinion for what it's worth

I'm actually expecting production rate to reduce. Hopefully slowly as pressure reduces. This will be corrected following successful water injection where production levels may increase. I expect they are producing as much as they can in view of future financial commitments.

I think Hurricane have tried to double production but it didn't quite work out. Seriously a little patience is required. A RNS will be out soon enough. Hopefully this month as this will fill me with more confidence in regard to this BoD. Currently they have not shown any positive news following the downgrading in reserves so they have a lot to prove such as providing an update this month even ifs it to say update will be delayed to January/February as talks are ongoing. As a minimum should be getting some updated news on production for last three months.

Taking into consideration share price drop over past year by over 50% this looks to be over done in view of pipeline and cost savings. Liquidity has reduced but should be looking at two years here so looks well placed going forward. Potentially a share drop today but increase in next few months

Looks like a drop in backlog work as expected considering 2020 shut down in contract awarding. Looks to be better placed for winning contracts in 2021. All about conserving cash but there has been an increase in net debt so will be interesting to see how markets react. This would have been factored in but question is how much were they expecting. Winning any significant contract in 2021 will give a good boost to share price and there's plenty to go for. Expect more contracts to be awarded as oil price increases.

Negative RNS: No upside in reserves or even worse increase in water cut and therefore further reduction, Warwick area relinquished, no forward plan for Lincoln (or Spirit backing out) and we'll see a price of around 2p

Positive RNS: sandstone accessible and reserves increasing significantly. Water cut stabilised and producing at over 14,000 a day. Spirit agree to drilling in 2022. Water injection planned for first half 2021.Share price 8p by close of 2020 and in excess of 12p first quarter 2021 following broker recommendations.

Neutral RNS: Water cut slight increase. Will be producing between 11,000-12,000 a day 2021. Sandstones looking OK, plan to investigate 2021/22. Water injection planned for 2021. Plans to follow for GWA in 2021. Share price between 4p to 5p Close of 2020 and increasing to 8p by end of second quarter 2021.

From previous news over 2 years ago:
'Should the well campaign and further tests in the area be successful, Spirit and Hurricane aim to progress Lincoln and Warwick towards full field development. At the development stage Spirit Energy would become licence operator, combining Hurricane’s expertise in the West of Shetland area with Spirit’s experience of operating assets on the UK Continental Shelf, including via floating production storage and offloading (FPSO) vessels which may be required for the development.'

' Assuming success in these first three wells, Spirit Energy and Hurricane will target a tie-in of one of the initial wells to the Aoka Mizu FPSO, and potentially a further three appraisal wells and full field development of the Greater Warwick Area. If these additional phases proceed, Spirit Energy will carry 50% of Hurricane’s costs of the tie in of the well to the FPSO and pay a bonus payment of between $150m-$250 million towards Hurricane’s costs of the full field development, contingent on a positive final investment decision.'

The Warwick appraisal wells provided further information and probably confirmation of down grading of reserves as 'Warwick Deep' was not commercially viable whilst 'Warwick West' produced at 1300 bopd on natural flow rate. Question is whether this is enough here to continue exploring.

More promising was the 'Lincoln Crestal' well which recorded a maximum stable flowrate of 9,800 stock tank barrels of oil per day with the use of electrical submersible pumps. The well flowed at an average rate of 4,682 stb/d under natural conditions. No formation water was produced. Likely to see lots more activity here in 2022 I expect and potentially a bonus payment to Hurricane which will help with finances.

Question is the sale of Spirit Energy affecting future plans. Considering size of Spirit Energy I expect not but something which should be considered.

Another good testimonial in respect to Capita by extending contract as well as advising on the increased uptake in recruitment leading to good profit. Good advert for securing further business in recruitment

I actually see Brexit helping Capita with potential border checks etc. May evolve in time in respect to vehicle monitoring and Capita have track record on this. Councils will also be cash strapped so may look to outsource further services to the likes of capita.

Personally can't see a Brexit deal being agreed this year. In the unlikely event it is, then likely to be vetoed by a European state as it will not be in their interests. Once the effects of World trade is shown and the flow of goods slows and prices start to go up we'll see if there's a will for a deal to be done. Can't see our laws diverging too much from the EU initially apart from immigration.

It's all about interpretation:
'· Reflecting these new technical interpretations, the Company's unaudited estimate of 2C contingent resources in the Lancaster field has been reduced to 58 MMbbls remaining from 486 MMbbls in the 2017 CPR.

· The Company's estimate of the OWC in the Lincoln field is now 1,846 metres TVDSS (± 50 metres), compared to a range of 2,109-2,325 metres TVDSS estimated in the Company's 2017 West of Shetland Assets CPR ("2017 WoS CPR"). Accordingly, the Company's unaudited estimate of 2C contingent resources for the basement alone in the Lincoln field has been reduced to 45 MMbbls gross, compared to 565 MMbbls gross in the 2017 WoS CPR'

On the other hand:
'Consideration of near-term future activity is being focussed on means to provide reservoir pressure support primarily by water injection, which if successfully implemented could significantly add to reserves, and/or targeted development of the onlapping sandstone reservoirs.'

My hopes are that water injection next year is successful which will increase reserves and make payment of the bond possible via refinancing. Just my opinion but others may just look at the current position and write off the company until a new RNS stating other more concrete probability. Investing in Hurricane is a gamble but potentially a very lucrative one for those who can afford to do so.

I generally invest for the long term so provided the company survives bond repayment in 18 months I'll be about. I generally only try to post if there's something of interest that I believes worth sharing. I will probably sell some shares if I get the price I want and then its down to long term plans of company and where else I'm invested.

Sorry about the title, auto correct!

I tried to top up late yesterday and it was only partially accepted. I was only able to get 2/3 of a relatively small trade, less than £1,000. Bodes well for direction of share price. Only hope is BoD don't let me down. We assumed they are competent and are working hard in the background. Next RNS should prove whether it was a good call, fingers crossed.

I only invested recently but am looking medium to long term and a tiny proportion of Super dad investment but really believe the share will recover substantially and those invested at £1 will see a good return as can see this at £2 within 2 years as Kier continues to turn itself around and wins profitable contracts

I'm also invested medium to long depending on Capita's focus in the future. I'm fairly luck I bought a couple of months ago on the basis that share has battered and shift in business has started to show signs of decent growth. Unfortunately only a small holding but currently sitting on 70% profit but I can actually see this as a multi bagger long term. I can see potential share drops in the short term with Brexit but also significant upside so happy holding

Just a little bit of positivity on reserves position or new exploration in 2021 could lead to a further rerating to 20p plus. If we get both I'll let you make the calculations :P

Liking this and confirms my belief this share has been decimated by the BoD. Fundamentally the strength of the company will shine through and there will be a significant relating. Just need a good RNS this month for the share price to fly as its currently sitting on the runway after coming out of the hanger over past couple of months