Member Info for adoubleuk

Cebo,

"Should read ADUK, - bloody spell check"

No, that's OK. I felt rather flattered by your post calling me 'Adult', because many might disagree, despite my advancing years. And despite me still being alert enough to have not only doubled my buy-in for this evening's poker-game (played in a casino I adore in a town with the intriguing name of Pornichet, just to the south of St Nazaire), but also getting the hell out when nicely ahead.

Yeah, yeah, yeah. I completely agree with those who say the dreaded 'B-word' shouldn't raise its ugly head on this chatboard. I also agree that the tone has slightly changed, with 'LTH-ers' (I count myself as one) actually bringing up another seemingly-verboten word, which is 'trading'.

I wish I had Daltry's optimism, given that I know he's at least ten years older than I, but suggesting shoving our Hurricane shares into a bottom drawer for a couple of years. 'Cos I reckon if I live to see 2020 it'll be some sort of a miracle, so prefer to make hay while the sun is shining...

Oh, and while I'm banging away on this stupid machine...

DiveCentre!!!

"yellow MATTER custard: where did the banana come from? The fool on the hill?"

I stand humbly corrected. You're right. Or at least, regarding the studio version. It's a long time since I last listened to it, and for some reason I had 'Waiting for the Man' by the Velvet Underground (from the Album with the Andy Warhol cover) running through my mind when I was typing that...

Cebo,

"Banana-yellow custard, dripping from a dead dog's eye..."

Is that what you're referring to?

Sort of appropriate, 'cos this Hurricane story is sure turning into a Magical Mystery Tour...

daltry,

" I meant a tuck-away drawer in the back of your head. "

The mind boggles. Do you have 'tuck-away drawers' in the back of your head? I occasionally have days like that, but a cold shower usually gets me back on track.

Cebo,

"Nearly enough codswallop and fear mongering here to spoil what looked like being another beautiful day, but not quite."

Have my recent additions of codswallop and fearmongering managed to spoil your day? That wasn't my intention, but your recent offerings lead me to suspect that you've invented some sort of Time Machine and are now residing in the Haight Ashbury quarter of San Francisco USA, sometime during 1967. And a fiendishly clever machine it must be, 'cos you're posting here, but the internet hadn't been invented back then.

I'm terribly jealous, because you're getting to see Grateful Dead concerts for free, as well. Hope you're wearing flowers in your hair.

But (assuming you're able to receive the internet as well as transmitting on it), does your Time Machine carry passengers as well? If so, can you come back briefly to pick up a hitchiker? You can drop me off about two years ago, when the SP hit 67p...

Wellwell,

"Ah yes sorry my perspective is different to yours AK. It’s holding since my last buy in generally in the face of some significant macro events."

Ah. The 'perspective' thing. I guess we must be seeing things from a somewhat different angle, but that's not surprising, 'cos it seems we must inhabit completely separate solar-systems, not just planetary orbits.

Some people like to liken AIM to a casino, but I don't, because the only game I play in casinos involves a certain amount of skill and mental calculation, not simply a matter of luck. But I don't sit a poker-table for hours on end simply to count myself 'lucky' NOT TO HAVE LOST ANYTHING! I can't buy a packet of cigarettes with a handful of Hurricane shares. (Especially not in France!)

The reason I've got some of my money in various stocks is because I want that money to show a profit. (And yes, before you ask, of course the HUR part of my 'portfolio' is nicely 'blue': I've been here a while!) If I wasn't hoping for a profit I'd simply put my money to languish in a bank deposit account, where it'd be 'safe' but earing essentially nothing. But nevertheless there's no escaping the fact that the market value of this particular investment has dropped by more than 20% over the last couple of months. Fortunately I'm not daft enough to have set any automated 'stop loss' instructions anywhere.

Don't get me wrong. I'm not writing this as some sort of 'deramp', even if it may read like that. But I simply have to turn on the UK TV News to read the writing on the wall. Two and two usually DOES make four, and it's a far easier sum to do than figuring out the 'implied pot odds' when drawing to an inside straight.

Wellwell,

"So far, the SP is holding "

From the orbit of which planet are you writing from, exactly? Last time I traded any HUR (a cheeky little sell to keep the wolf from my front door), the price I got was 56p. It ain't that now. Or hadn't you noticed?

Genghis,

"There is little reason to fear a mass sell off of shares whose income and assets are denominated in $$$s."

Sorry, mate, but I disagree entirely.The company's income may be in dollars, but the shares themselves don't have an 'income' as such, and anyway conventional wisdom and consensus at present appears to be that the SP doesn't properly reflect the value of the company's assets. And the shares are listed in Sterling, not dollars. I have personally 'lost' quite a lot of money held in UK shares simply because of the falling Euro / Pound exchange rate, and anyone who thinks that the pound won't fall like a f***in' anvil in the event the new idiot in Number 10 pushes Camaron's c**k-up through without an 'agreement' by Oct 31st is living in cloud cuckoo land.

As the old song goes, there are times when you have to fold 'em. Take the money and run, in other words. It's not just HUR. I reckon there will be a stampede by foreign investors from anything to do with Sterling. That jerk with the bad haircut (the British one, not the guy in the White House) might as well call himself Harold Shand. (Those here who know that film will remember how it ends...)

Longwait,

"There could ultimately be a shock development - such as a Middle East war"

As if that'd be something new...

FS22,

"204/30-1 was drilled by Monsanto in 1975."

Thanks. I'd come across the name Monsanto in relation to occasional 'adventures' like that, but quite frankly didn't believe 'em! Google the name. A rather 'dodgy' outfit, mainly known for having developed Agent Orange, but who once sponsored the PGA.

Really, I'm not actually hoping for a rainy afternoon, but when one rolls around I'll definitely try to find out more, purely out of curiousity. Because although I reckon I know my 'N.Sea History' pretty well, the very idea of people going out WoS back in the mid-seventies is kind of mind-boggling, given the rigs that were around back then, and the support infrastructure (or lack of it), and very little 'history' appears to have been written, compared with N.Sea.

"who has access to this well’s core report - end of well report?"

Hurricane Energy (HUR) without a doubt. They have the lease on the block.

Tantalum,

Yes. The 'old Arco well', drilled on the flank of Lincoln. But not on Warwick.

ronok,

"Thanks, It does show one on the Hurricane web site map. (A 'historical' Warwick well.)

Yes. It's been the source of a lot of puzzlement to me as well in the past. Researched it through the OGA site, and I've just done so again!

It's marked as 204/30-1.

I think it's a canard. 'One which got away'. Maybe a well which was proposed, authorised, but never drilled. Really, I don't know.

Something to possibly follow up on during a rainy afternoon with nothing much better to do!

" We have decreased the commercial chance of success from 72% to 64%. " (Edison)

Looks like FS22 has found the answer to Murray's question. Note, though, that Edison has been careful to include the word 'commercial', which is not always the case.

Even if they've 'downgraded' their estimate, Edison are still saying 64% And as any serious poker player knows, if the 'pot odds' are better than 50% you just cannot NOT call the bet!

ronok,

"Does anyone have any info on the historic well drilled on the Warwick area. Dont know who drilled it."

Answer? Nobody. Warwick hadn't been drilled on before.

Murray,

Another poster asked about this a week or so ago, I did the same as you, and couldn't find a quoted figure.

I wouldn't swear to this, but I suspect that 'CoS' figures may only be applied to exploration wells, and refer to the chance of discovering hydrocarbons. (Though I stand to be corrected if wrong.) Lincoln Crestal is of course appraisal, and the discovery was already made in 2016.

Longwait,

"The way things are going with the BREXIT crisis, it may soon make little difference."

Please don't lower the tone of this BB with such stuff. I thought you were above it. Crisis, what crisis?

Or maybe we should mention the Climate Change crisis, the Housing crisis, the knife-crime crisis, the risk-of-Ebola-spreading crisis,and various others.

Fortunately the 'Peak Oil' crisis has been well and truly debunked, so that's at least one thing out of the way.

Has your freezer suddenly gone onto defrost mode? Critical meltdown, in other words?

"Yup. He also asked me if he should have taken £500m for Lincoln when he had the chance."

Did that include the cathederal?

Uggy100,

"I have no doubt whatsoever that RBD will stay in for the WN-B well"

That's stating the obvious. RBD's 'participation' is through having acquired a significant equity interest in Rathlin. It's not specific to one well. Likewise their interest in Corallian's projects: it wasn't just for Colter, but included Wick, and now the upcoming Curlew. They're not going to sell their share in those companies like a daytrader, are they, changing horses in midstream?

Wellwell,

"SG2 that’s my theory. Previously constrained by surrounding geology less so when it’s forced upward. Dr Rock from HE has attempted to contact me to discuss further as clearly he’s not aware of this previously."

You're not the only one to have had the idea, by a long way! Just the first to have penned it on this BB. Have a bit of modesty.

As for your claim of having been contacted by Dr Rock of HE about the idea, I suspect you're telling porkies. I don't know who Dr Rock is. Might he be a Naturist, by any chance?

Never did too much experimenting with bending rulers at school and then examining stress-fractures through a microscope. They usually just broke in two, instead. But one littel bit of geology I am very interested in is Karst Geomorphology, as related to caving. And thus, by anticlinal structures, the way they can weather, and so on, because it can explain certain underground features, as well. OK, that's in sedimentary formations, mostly limestone, but what you say is true, and can be vividly seen on the surface in hilly places like Yorkshire, for instance. But also underground, one can find 'clastic infill' ie stuff which has penetrated fractures, settled into them, and thus in some cases almost 'cemented' the arch-structure in place.

I hope one of these days (after his knighthood and when he's got the time for such things), Dr T will give a lecture on "Why we drilled Warwick Deep where we did". It'd be fascinating.

The hole might not have turned out to be a commercial oilwell, but I bet that Hurricane got a heck of a lot of data from it, and a deeper understanding of the GWA section of their Rona Ridge acreage.

Dr BB,

"Joints seem to be of many different types but what then is a sub- vertical one?"

Assuming we're not talking about lefthanded cigarettes here, I must admit I was rather startled to hear Dr T refer to 'joint' fractures as regards fractured basement, as it's a term I'm more familiar with when describing sedimentary geology. ie limestones and stuff like that. I'm familiar with geology but there's no way I'd call myself a geologist, so there are limits to my knowledge, or even understanding of such things.

However I DO understand the physics of how seismic is able to pick out fractures tending to the horizontal plane rather than the vertical.

DrBB,

"Whilst HUR had all their data from seismic surveys to work with they intersected poorly fractured areas in WD. What sort of limitations arise in the quality of information gleamed from seismic surveys the deeper one goes? "

An interesting question If you like opening cans of worms, that is. I'll offer a few thoughts, but also expect to see FS22 (the bloke who likes to call HUR 'HE') jumping in, as well.

Naturally, seismic has a tendency to become slightly 'fuzzier' (or more difficult to interpret) as depth increases. But we're talking very large increments of depth (not orders of magnitude, though) here. Like the difference between seismic at 10,000 ft and seismic at 30,000ft. Which isn't the case here.

And also it must be again underlined that all the Rona Ridge wells are vertically 'shallow', even in UKOCS terms.

So a few hundred feet difference will have made no difference in terms of seismic definition.

The thing is, it's not been said that WD was 'poorly fractured'. What evidently WAS poor was the permiability and connectivity of those fractures. Plus there's a theory doing the rounds that the fractures may be 'filled' with tightly-packed and compacted sedimentary infill, which could have 'cemented itself together' and partially mineralised: something which would be very difficult to spot on the seismic data.

Added to this is the fact (though its importance regarding Rona Ridge is only recently emerging) that seismic is far better in picking up 'joint' fractures (ie those orientated sub-horizontally) than sub-vertical ones.

Essentially, though, and to answer your question, the 'quality' of the seismic for WD will have been the same as all the rest.

And remember, WD was an 'exploration' well. OK, it turned out to be non-commercial. What the 'market' seems to forget is that there are more exploratory 'dry holes' drilled than those which become a 'discovery'. By a large margin. And then how many 'discoveries' turn out to be non-commercial? A majority of them. And WD wasn't exactly a 'dry hole'.

The thing is, the traders' 'bots' don't take this sort of thing into account!