Member Info for acrossthesea

Bartlebobton, may be that is why Stobie is no longer with hur. He should have been writing articles telling the world of the returns they should be expecting with hurricanes massive asset base, rather than talking down the oil market, still just a sad and pathetic deramp.

Hi Bartlebobton, good afternoon, I see you are still following your sad agenda, trolling up old articles, nothing changes. The Hurricane story remains. The EPS produces oil at low cost, it is still flowing after a year. Oil fields need wells and Hurricane may need to drill a new well, that is the business.

Hi Sudnal, good to be looking at valuations, your numbers just reflect the current set up for the EPS, there are all the other Hurricane assets available, one faulty well does not change this. We live in an age of panic and dis information, the big picture is still very positive.

Good Morning Foresight, this is the part of the return for you Achieving this target rate at a sustainable level has not been possible as the impact of increasing production rates resulted in instability in the flow regime on the 205/21a-7Z well as a result of interference between the wells. This has led to a decision to shut-in the 205/21a-7Z well for the time being and return to a period of testing maximum sustainable rates from just the 205/21a-6 well. The water production from the 205/21a-7Z well at the time the instability was experienced was in line with the water production that had been seen over the previous weeks. There is no issue with the oil flowing, just the location of the well bores very close together. The solution is to drill another well. There is no shortage of reserve to tap.

It is a very disappointing day for all, these director buys are just three weeks old, the oil is still pumping, it looks like a new well is required, these things happen with oil.
29-Apr-20 Buy Sandy Shaw 11.29 GBX 44,297 44,297
29-Apr-20 Buy John van der Welle 10.28 GBX 50,000 204,159
29-Apr-20 Buy David Jenkins 10.40 GBX 50,000 303,338
29-Apr-20 Buy Steven McTiernan 10.83 GBX 100,000 475,000

Longwait exactly right, much much more than 30p, in the three figure club.

why we hold these shares:-

When you look at the hurricane story we are in the early stages of proving up a massive amount of oil resources that will be worth many Billion dollars. The early production systems is profitable at these oil prices, and the money keeps going in the banks and the proving of the field continues. bartlebobron what ever your agenda it does not change this, just a sad life!

Halifax well and assign 2C Contingent Resources of 1,235 MMboe to the Halifax licence (P2308).

In their 2017 Competent Persons Report, covering Hurricane's Rona Ridge assets excluding Lancaster, RPS Energy concur with Hurricane the possibility of connectivity between the two structures, but have elected to take a conservative approach by evaluating them as separate structures, at least until a well is drilled at Warwick. They consider the potential for sealing faults in between the two structures and splitting the Warwick structure in two, based on seismic and gravity map data. This is shown on the image below (Figure 7.7 from the December 2017 CPR).

RPS model a range of uncertainties in the CPR related Warwick, assigning Best Case Prospective Resources of 935 MMboe to Warwick (gross), with a 77% chance of discovery.

RPS Energy concur with Hurricane regarding the isolation of Lincoln from Lancaster in their 2017 Competent Persons Report (CPR) that covers the Rona Ridge assets excluding Lancaster. Whilst RPS concur that the GWA could have the same contact they have elected to take a conservative approach by evaluating them as separate structures, at least until a well is drilled at Warwick. Consequently the CPR assigns 2C Contingent Resources of 604 MMboe to Lincoln (gross).

Production now at a steady 17000bpd over the year. Onward's and upward's

https://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2019/treasures-in-the-basement

Hi Daltry

Hurricane use the comparison in their own literature

https://www.edisoninvestmentresearch.com/?ACT=18&ID=14493

and from an independent source:-

https://ukdigest.canadiandiscovery.com/stratigraphic-investigation/basement-reservoirs-ukcs

:-)

Hi Daltry, i very quick rebuff, please explain?

This is a very interesting link from fractured basement that has already produced long term.

• Oil discovered in Fractured basement of Bach ho oil
field on May 1986 in Cuu long Basin, Vietnam
• Start producing Start producing from basement: asement: 25 11 1988 5.11.1988
• Production rate: 250,000-300,000 bopd
• Cummulative production ummulative production upto date: upto date: ~1,200 MMbbls

This is where Hurricane is heading.

http://www.ccop.asia/eppm/projects/21/docs/Vietnam_Fractured_basement.pdf

And all for just another cold virus https://www.youtube.com/watch?v=LsExPrHCHbw&feature=emb_title

https://swprs.org/a-swiss-doctor-on-covid-19/?fbclid=IwAR1E10jAE4yG--ZJ2YaA3BOVnxxSDCKwDzGna36UA3GpzmHkw6AbJbCkrTU

View from a Caribbean island
We have had free movement of people on and off island up until ten days ago. The island has exchange students in Wuhan China and a large island population living in New York with constant movement back and forth. An American university, along with tourist from all over the world. One of our neighbours mother and son brought back a nasty cold from New York and this ran through the area where I live in January, it started with a fever and fatigue followed by a brief stomach up set and a dry hacking cough that lasted for about a week. Everyone recovered, some cough were very persistent. This is a common story all over the island; there is a life expectancy of around 76 years.
Our first confirmed and test corona virus patient on island was a British holiday maker that arrived in mid March and was test positive a few days later. This was the first testing done on island. In the tropical environment viruses’ are generally mild affairs. It is Dengue, chikungunya and Zeka that lay people up.
The island now has a 7 day 24 hour lock down. Closing the stable door after the horse has bolted comes to mind.
With current testing policy only really sick people get tested, the vast majority of cases will never come in the statistics, this is the case world wide.

Your message is on the money and looking at the bigger picture. Two very good links:-https://www.spectator.co.uk/article/The-evidence-on-Covid-19-is-not-as-clear-as-we-think?fbclid=IwAR3d-BaqfPgEB7aXgEBw-hQHn6cqO1p4eK2tMJ_aDzSM8vflqyNqpy-ZStY https://off-guardian.org/2020/03/24/12-experts-questioning-the-coronavirus-panic/?fbclid=IwAR3T8nAq0HVK-xd_ObNK8jicpfXt45LaPTAPDL6g-G2VSfn6GT0ZYqD1Wjo

finally some one with insight into the the true nature of what is going on with this virus. This really is story of The Emperor's New Clothes.

Hi good message, the problem with the numbers is they only include people who have bee tested, the vast majority will have had the virus and not be in the figures, the death rate would be very lower for the under 70s, and a many old folk pass away due to the complications of a common cold.

Are you over 70 years old with a heart or lung issue? If you are keep safe, if not relax, this virus will not kill you.

MCB55 you have this information from some informed platform??

I think you miss the point. The cash in the bank is greater than the share price valuation of the company, there is a fantastic opportunity for a company share buy back. Even at this very low oil price Hurricane is still banking cash. The longer term development can wait. Even at an oil price of $30, the free cash generation is $62.50 million dollars per year. More than enough to fund current commitments.