Member Info for adoubleuk

IJWT,

That was a suspiciously rapid reply! :-)

"You seem to have quite the chip on your shoulder regarding accumulated wealth."

That would by hypocritical of me, and is not the case, old chap. It's been (unfortunately) almost five years since I've set foot on a rigfloor, so have had to live on poker winnings, some writing, and 'accumulated wealth' since then. I might drive a rangerover, but it's 15 years old, and I don't take 'holidays'. Not a 'wealthy man', but not living in a cardboard box on the street.

"The 'value' may be different to the price but you have to wait out the irrational nature of the market to get to that point. This has been the downfall of many."

Hmmm. SOU was the downfall of many, wasn't it, InJamesWeTrust?

"I cant help feeling you're having a pop at some folk and after your.own conduct I'd get back in your box to be honest."

(A) I don't live in a box. Instead in a 106 m2 town-centre flat overlooking a beautiful 15th-century building, and (B) I'm not 'taking a pop' at 'some folk'. Just one or two people.

https://www.youtube.com/watch?v=7bWdv9oTUbg

Hecate,

That song by Mark Knopfler (link to which you posted) was possibly the most cynical and 'shove it up your a**' bit of pop music ever written, and turned me off the man as a person immediately, despite his musical virtuousity. Subsequent interviews (also available on Youtube) also tend to highlight him as being a self-opinionated geordie with a chip on his shoulder. As most of 'em are. I should know: my father was born in Sunderland.

This (same concert, I think, once Knopfler had had his 15 minutes of fame playing alongside someone who really cares) might be more appropriate.

https://www.youtube.com/watch?v=XUhdu8mXetI

https://www.youtube.com/watch?v=XUhdu8mXetI

daltry,

"Was it George Best who said, " I spent most of my money on hot girls, fast cars, booze, and gambling. The rest I just squandered away!"......."

I don't know, never having been a 'fan' of people whose riches were based on their ability of kicking an inflated bladder around a field.

But I agree with the sentiment entirely.

IJWT,

"Of course they (cigarettes) are harmful to you, it is just you are resigned to the fate of death (or think you are) so feign a lack of concern."

I rest my own case with the famous quote of the late Oscar Wilde, who said that 'the best things in life are either immoral, illegal, or fattening'. Cigarettes don't fit into any of those categories. But there's another quote I rather like, from a somewhat obscure 70's hippy music group called the 'Here and Now Band', who I had frequent encounters with. It went "I'm addicted to coffee, I'm addicted to tea, I'm addicted to money, but cigarettes are addicted to me".

Mandrill,

"So adoubleuk, do you have sp target in mind for HUR?"

No. Or rather, yes, but not one I'd publicly broadcast. My name's not Malcy, nor that of any of the rest of those bottom-feeders whose existence depends on freebies.

I have (maybe foolishly) posted here a price at which I may sell, but you'll have to trawl back through all the posts to find it.

But also, I might be bluffing!

IJWT,

"As for HUR problem being a lack of debt, that is as ridiculous as saying cigarettes are not harmful."

Or the current POTUS having been quoted as saying "I love debt"?

Guess I've just got a different outlook on life than the POTUS. But I'm not ashamed of that at all.

Btw, it's another thing I have in common with Hurricane Energy. I personally have no debts, either. Or at least, not monetarily. It's a nice situation to be in, but doesn't enamour one with bank-managers.

LW,

" He (Wellwell) wouldn't dare call the Father of the BB a freak."

In that case he ought to Google 'Gilbert Shelton', and the adventures of some 'Fabulous Furry' brothers. The similarity (in behaviour and outlook) is close, even if I drive a rangerover rather than a VW bus, and have actually held down a paying job for most of my life.

LW,

" HUR already is a viable producer (although it has set a target of 6-12 months' production) and is free of debt - which just goes to show that your determination to sell most of your holding at 56p is based on share price history and has nothing to do with fundamentals. "

No being of a gayist persuasion, I'm wary of the word 'fundamentals'. And also, after a lifetime career at the sharp end of the oilfield, the 'fundamentals' of Hurricane Energy as a share investment (ie personally involving MY money and how it works for me) are NOT based on the probability that there are more than a couple of billion extractable bbls of oil under the Rona Ridge.

For the simple reason that there remain hundreds of billions of bbl oil yet extractable from below the thin surface of this planet, yet undiscovered, partially due to technology-limits. 'Peak oil' is an absolute myth.

And this is why I have absolutely no sympathy for Greta Thumbsucker and her voyage on a puff-boat with no toilet facilities (that must have smelled nice!) , nor the people now gridlocking the streets of London. (Many inhabiting tents made from hydrocarbon-produced fabric, wearing clothes derived from hydrocarbons, etc.)

My affinities lie with people who drive fast cars, sail on powerful ships ( (*_*) ), and have a large 'carbon footprint', given that trees thrive on that particular gas. And trees have been inhabiting our little planet Earth for a lot longer than we self-destructive humans. If God (if you believe in Him) hadn't meant us to burn oil, he wouldn't have allowed us to invent drilling-rigs, nor put the stuff in place underground to start with.

No. My investment in Hurricane is based firstly on a desire to make some money, my admiration for Dr Trice and the way he's thumbed his nose at the 'biggies', (plus his liking of whisky, proving he's 'oilfield trash' just like me), and also because I like paradigm-changes on basic principles.

But to my mind, Hurricane will never become a BP or Shell, simply because those times are past. And they've never retracted the statement they won't pay a dividend.

Hello Wellwell!

On fine form as usual, I note!

STFU is a new acronym to me. Not sure exactly what it means.

Sportscars Travel Fast, Usually?

Small Trousers Foil Uninating?

Sister Tabitha Falls Underground?

Explain, please.

Mandrill,

"Yes we need to give it about 2 years i.e. into 2021 to gather all the threads together to make it a viable producer."

Balls. Those tankers weren't carrying water. Hurricane already IS a 'viable producer'. Output from what's just an Early Production System on Lancaster makes PMO's Solan field look stupid.

You want to know what the real problem is? Hurricane has no debts.

buyinmay,

"Sticking to my prediction. We’ll be bought out for £1.50 in twelve months time or thereabouts."

Wanna bet?

That might have been on the cards a couple of years ago, but not now. Times change. 'Monetization of assets' doesn't necessarily mean selling 'em.

My own bet on this now is a farmin by a major for developing GLA (though that's already compromised by the 'Spirit deal' if Lincoln is tied -into the FPSO), and Dr T never selling the Hurricane Energy logo.

Edison (commissioned by Hurricane) have set an SP at 75p, and I feel that's what the BoD are hoping for when such a farmin occurs. So also agree that the current price is ridiculously low, and a great buying opportunity for people who've got the cash to do so. But that particular part of the 'market' has been seriously diminished by recent events regarding Yorkshire.

But of course, London isn't situated in Yorkshire. I haven't heard news of mass suicides in Canary Wharf, and also jumping out of a first-floor window in Yorkshire isn't guaranteed to kill one.

Some longterm holders here hark back to when the SP sunk to 9p. (Before I was 'in' here.) The current period strikes me as similar.

daltry,

"We have all had an SXX experience. No small deal there. Motion poster, Quindell etc.. ."

Agreed. For me it was QFI. Amazingly still going. Occasionally (very occasionally) I'll give a coin to someone who appears really 'down and out', but I'm very selective. But AIM is awash with outfits putting on that act.

I must admit to being confused as to why HUR remains 'on the street' like this.

JAdam,

" I don't need to be a psychologist to understand psychology, I am an analyst. The same as I don't need to be a doctor to realise that smoking is harmful to you"

And thereby you have revealed the flaw in your 'logic'.

I smoke (on average) 30 cigarettes a day. Camel filters. I'm 65 years old. Such an addiction is (these days) somewhat hurtful to my bank-balance, limits the number of women who might (God help 'em) be attracted to me, and reduce the sell-by date of the body 'I' inhabit.

But it's not 'harmful to me' at all. Sh*t, I've got a cigarette in hand as I'm typing this, and a small glass of beer beside the keyboard. That's the way 'I' am, these days. And rather enjoying it...

All good things eventually have to come to an end, of course, but if one can't accept that, one's living in a simulacrum.

(Which maybe we all are, without being aware of it.)

Prof Daltry,

"Oh, go on! Buy the book! I know you are tempted...... "

At a hundred grand a copy? Signed or otherwise? Sh*t, I've got better things to do with that kind of money. Like if I had such a cash sum, I'd be tempted to plonk it on 'red' at a roulette table. (Though my 'local' casino has a 5000 euro max.)

I do rather like this excerpt from your learned opus:

"It is the classic 'David vs. Goliath' underdog story - especially as the majors previously said FBs were unsustainable! This all adds up to a very juicy target for manipulators, and MMs(same thing in my eyes). "

My money's on the little guy with the slingshot...

JAdam,

"These 'investors', who cannot turn off and invest based on fundamentals, but are drawn to their screens. Their buys and sells resemble psychological fear. "

Would you care to share your academic qualifications as a phsychiatrist (or psychologist) with us, please?

The only feelings of fear I've felt over the last few days were when I was hit by a bit of tyre at a truck-race (and wondering if the truck wasn't arriving on me immediately after), and overtaking a Portugese-registered semi at high speed in pouring rain on the motorway and the dam thing started wandering into my lane (driver either asleep or on his phone).

Wasn't thinking about HUR at all.

Heck! What's to FEAR? Losing money? I play poker, and despite all my boasting and bravaggio here and elsewhere, I don't ALWAYS win. If you can't put up with losing (and learn from it), you shouldn't be in the game.

Dear Professor Daltry,

I'm sorry, but I will not be buying a copy of your book, because I think that some of the premises you have quoted and on which I suppose it's based) are flawed. To whit:

"PIs don't have the discipline and research that institutions have."

Many 'institutions' are staffed by people who are worried about tree-leaves on railway tracks in case they'll be late for work, are wage-slaves, and by and large are computer-programmers. Doesn't apply to me. Though the 210km high-speed drive back on the motorway from the truck-racing on Monday in pelting rain was a nightmare, to the extent that I was so tired afterwards that I didn't go to play poker in the evening.

"Neither the deep funds' wallets with 'other peoples money' therein."

That's true. There's nothing like 'playing with other peoples' money'. Until it comes to payback time.

" Fear is a powerful force"

Yes, but if you've got the right mindset, a very positive one. The thing being is to recognise the emotion, not immediately run and flee, but be able to make a smart decision, instead. (Which might indeed be to run and flee, but not always.)

" and when there is no apparent light at the end of the tunnel, despondency creeps in, and all hope is lost. It is these emotional mind games that are pushing the market down. That, along with the UK, climate and fossil fuels, and the world economic situation, all add to the cauldron. "

And this is something which starts to make me mildly chuckle. At other peoples' expense, I must admit, and that's a bad thing to do, and about which I feel some shame.

C'mon. What's caused the cauldron to boil over and severely scald innumerable AIM-share people, especially the 'Whitby mafia', lovers (and manipulators) of N.Sea O&G for decades, and who probably ploughed their socks into SXX? And who are now probably selling their HUR just to meet this term's school fees for their kids?

Nobody seems to like mentioning SXX on this BB, do they? But the fact remains that the only light at the end of that particular (physical) tunnel is from the entry-point, a mile backwards. With (only) 22 more miles to be bored.

Personally (never having invested in that white elephant thing, and being a disbeliever in a fertiliser which nobody would buy and even if they did would only go to increase the planet's population, which isn't a good idea), I suspect that our rather sorry current HUR share price is not unrelated to that particular débacle. But should sometime recover, which is why I continue to hold, even if I'm already nicely in profit, on paper.

https://www.youtube.com/watch?v=36Yl6O6OR9Y

artyth,

"If this is going to happen, the guys are going to get the best deal they can and wouldn’t entertain the idea unless it is going to be fruitful for all involved."

Maybe. But by 'all involved', does that include we little PI's?

Or is this just becoming another 'jam tomorrow' story?

Cebo,

"Bluebird, what a bizarre statement to post at 1322hrs- there is very little in common between the two types of plays, as I am sure you know full well."

10-4.

There is absolutely NOTHING in common or shared between what HUR is doing WoS and what the shale-players are doing onshore USA. Other than they're both drilling holes in the ground, of course.

silolondon,

"Just ask them next time you meet them"

I've never met them, and quite possibly never will, though they both seem like a couple of nice chaps. However (re-read my post), word-of-mouth doesn't work for me. Dividends, cash returns to shareholders and that sort of stuff has to be put in writing before it can be believed. Lawyers don't work on hearsay.

JD,

"It looks like the "Basement" play will be a difficult nut to crack, having twice attempted to get past the high pressure kick/blow out point. "

Yes.

From what little we know, it may be 'undrillable' for now. Or will require a 'dedicated' well using MPD equipment, which I doubt is available nor permitted for onshore Romania.

In the oilpatch, nothing is 'impossible'. But there are one or two places where only fools and horses go, and angels fear to tread. Offshore Western Nigeria, for instance, there's a particular (very) high-pressure formation around 12,000 ft which has caused more than one rig to burn down, with associated loss of life. Of course, being Nigeria, this doesn't hit the newspapers.

Scary stuff. I hope RBD / Danube / ADX leave it well alone. 'Peak Oil' doesn't exist, and there are easier places from which to extract it without going knocking on the devil's backdoor. BP learned this from Macondo, and the lesson has sunk in. Hopefully.