Member Info for acrossthesea

If well 6 has a problem, or the water cut is still rising this will fall like a stone, until the issues around production are sorted this is just a pure ramp. Hope for the best, but no news or update??

until there is clarity on Well 205/21a-6 production and water cut, it is a difficult investment, without the revenue from this one well Hurricane Energy has terminal problems, it is a huge risk, with a small reward, this is what the shorts are playing at.

Lots of small trades today, with light volume. Punters who thought they could make a quick buck leaving.

To put the hurricane wells into context, individually produce over 10000bpd. unfortunately do not operate together as they interact being to close. Producing from a field with. " In total, this attributes a Base Case recoverable resource of 523.4 MMstb to the Lancaster Field within the P1368 Central licence subarea."
There is not a shortage of oil, further wells will be drilled in due course and a full field development plan implemented. This is a massive asset.
Contrast this with the PMO catcher field.The development of three fields involves drilling 22 subsea wells, comprising 14 production wells and eight water injection wells. All wells will be tied back to a leased floating production storage and offloading (FPSO) vessel having a processing capacity of 60,000 barrels of oil per day (bopd) and a storage capacity of 650,000 barrels (bbl). The first three fields are estimated to hold 96 million barrels of oil equivalent (mmboe) This development cost $2.2 billion.

Hi Barbob, just 6 deramping post today, what's the pay? There's two working Wells, just one at a time.

Who knows what's going on, RT may well end up being an advisor with a any company taking over HUR

Oil and gas is there core business, oil is in everything, yes is the answer.

BP are selling out tired assets to Pmo, decommissioning is a big issue. BP already has assets west of Shetland, Hur sits just next door, Shell also has an interest in blocks next door. With the new boards expertise in sales and take overs, this will be sold within a year, unfortunate this is why RT had to go.

Kerogen have replaced Roy Kelly, with Dr Parsley who has 50 years experience with Shell, could indicate what's going to happen, Shell hold the drill blocks next door

Looks like a strong commercially focused team, easy to see a take over happening on the cheap,

You are valuing this as a production company, the eps is about proving up the field for a full field development, the eps covers costs while proving up an asset worth billions of dollars

Hi Barbob, from one broken record to the next, your needle has been stuck for 1220 revolutions. Get a life and run along.

Hi Barbob, The idea of this board is for investors to share views and information on shares to aid investment decisions. You are not invested. You have 1221 posts trying to deramp Hurricane. I will as you again why are your here? do you get paid? any other reason and you are a very sad character.

Hi Barbob The question is, why are you here? you are not invested, you have an agenda to damage the value of Hurricane. The only rational answers is you are paid to provide this service, or you are a very sad character without a life, which is it?

Barbob, not sure why you have turned up again, last post you did not know how many shares Robert Trice held and now your the expert for holdings from other major shareholders and their trading plans!! its a sad life to be here on a Saturday when you are not invested, hows the pay?

Hi Draft, the issue was nothing to do with watercut, the two wells operating together and being so close was causing flow problems, see adoubleuk posts for a better explanation.

Looking at the fair value for Hurricane. We are still in the process of proving the reservoir , if and when the CPR comes up with proven reserves of half a billion barrels the idea of a 20p or 30p take over will seem absurd. This is why Crystal amber and Kerogen have invested in the Hurricane concept; these players are here for a major pay day. The share price in the short term will be governed by the flow from the one well working. There is nothing wrong with the reservoir both wells have flowed individually very effectively. Hurricane has the funds to drill a new well if necessary to make full use of FPSO. The scale of the potential resources are massive and this is what attracted most investors into this project. At current oil price and 15000bpd Hurricane has a turnover $210 000 00 and free cash of $71 175 000, and an ongoing self fund business model to prove up the resources. Why would you trade a 20p pay day today for a pay day in the £s on proving up the project? If you don’t believe in the concept, why are you invested here?

Barbob, your reason to be here is as a full time deramper, move along from your sad existence.

Robert Trice, 26,590,897, £1,802,863 share holding, again just sad deramping, The CEO has plenty flesh in the company.

Hi Longwait, there has been a concerted effort to deramp Hurricane since production started, you can see it in these chat sites, and across the the oil press. This type of pressure was put on Ithaca Energy a few years ago take the price down to 17P before the company was taken over with a low ball offer of just over £1. Hurricane has the assets, it is making money, the prize is massive. The opportunity to get this prize on the cheap will motivate, it will be interesting to see who is picking up shares. This has been in a range since the reduced production. If you honestly do not believe in the Hurricane story move on. It is sad to see the energy put into damaging the excellent ground break work of this company.