Member Info for adoubleuk

IJWT,

"Money that could be starting to flow to HUR will flow elsewhere as a result of the CMD in my view."

OK, everyone's entitled to have their own opinion, so I must respect yours, even if I don't believe it to be true. In fact, your phrase above is a very sweeping statement. If at some point you can find some proof for it, well done. But if it proves to be untrue, I hope you'll admit to having been wrong.

My own view is that it's too early to know what effect the CMD had on Institutional Investors, the very people at whome the presentation was aimed. Unlike PI's, the II's don't go instantly reaching for their chequebooks. For this reason it strikes me that the company planned well to hold the CMD on a Thursday. Like that the parters in such companies will have had the afternoon and the Friday to discuss what they learned, and the weekend to digest and ponder the outcome of such discussions, and maybe not act on any interim decisions until tomorrow afternoon at the earliest, once the initial and typical start-of-the week trading flurry has subsided.

I reckon it's early days, yet, even if for some PI LTH's like myself it already feels like half a lifetime of nail-biting, shipwatching, second-guessing, and so on!

Longlean,

"Reading some analysis here i think the data is too variable and people should go with their gut"

A sentiment I completely agree with.

Welcome onboard! It's been a bumpy ride so far, and there's no promises of entirely calm weather to come. But all thee 'indicators' are that Good will come of this, even for people investing for the first time, just now.

(In My Humble Opinion, of course. I don't want to appear 'rampy', nor anything like that.)

Thedriver,

"Well double we all have to suffer your poker and truck racing garbage....."

You can always filter me. Be my guest. But like most poker-addicts (nb: I don't play roulette, put money on the gee-gees, nor buy lottery tickets), I see it as an analogy of life itself. A kind of guessing-game outsmarting of other people, working on incomplete information, but using a certain amount of mathematical calculation as well. Quickly.

As for the truckracing, we're always desperately in need of sponsors, so of course I 'publicise' on every platform I can! For more, check out www.camioncross.com. You'll find my name there, relating to the photographs. Dangerous stuff. But I'm old and mad enough to positively revel in living dangerously. Instead of whimpering every time a shareprice doesn't go the way I'd like it to do.

Wellwell,

"both of them came over poorly. it’s undeniable."

I would (personally, IMHO) deny that.

To my mind, both RT and AS gave the impression of people not doing any play-acting, probably working terribly long days, and as a result maybe not getting enough sleep, either. And also they're people who don't suffer fools gladly, (I know this as a fact in regards to the CFO, having met him) which is why I'd rather Dr T quit giving Malcy so much time.

I hope they both take some time out for a holiday of some sort, but I bet my last cent that Dr T at least will be up before eight to read the morning report from the rig and also the figures from the FPSO.

WM,

"So I have written to Hurricane, asking if my theory could be correct."

Well done, that man!

"I'd be surprised if they aren't already thinking on these lines, but it is an unusual field, has anyone ever drilled a horizontal so deep in such a deep fractured basement?"

I don't think so, but stand to be corrected if I'm wrong. Plus there's another factor which enters the mix. That being, the particular formations which compose the Rona Ridge are the OLDEST 'fractured basement' to have been drilled into. Which (by intuition) means the 'storage potential' is greater than elswhere, simply because the oil has had more time to accumulate there via the 'jellyfish effect'. This is something that the company (or Dr T) has underlined many times.

Wellwell,

"I wouldn’t argue with the hypothesis other than to add that as the basement was thrust up over time it’s likely that the top section was able to ‘open-up’ more than the deeper areas which would perhaps be more movement constrained. "

Yup. I had exactly the same idea myself, and I think it makes sense. As also does Wessexmario's 'debris settlement' notion.

I have a certain amount of geological knowledge, but would be the first to admit that it has some limitations. And something I DON'T know is over what sort of timescale the 'upthrust' which caused Rona to become a ridge structure (or 'buried hill') took place. Was it tens of thousands of years, an order of magnitude greater, or what?

Sure, it's all rather off-topic, but interesting stuff, even so.

WM,

Nice Work. Furthermore, from the Driller's point of view, regarding applied 'weight on bit' and associated 'rate of penetration', it might be difficult while drilling to dissociate a fully 'open' fracture from one essentially 'packed' with fine (but immediately removed during the bit's passage) material. But which (outside the wellbore) remains firmly in place.

Good deduction.

WM,

Nice Work.

Thedrivel,
I hope it's mutual. Yes, I've got used to your stuff. Hope you've got used to mine.

But really, moaning on and on (and on and on...) about the SP relative to your buy in price is of no interest to anyone.

The Sp is what thé SP is.

I think we should start referring to 'thedriver' as 'thedrivel'.

It's the weekend, the market's closed, and he's rabbiting on about SP movements.

Doh.

FS22,

" Not sure Dr R-T could answer the questions posed! He could not answer why the seismic fractures identified before drilling WD were not seen in WD horizontal(?)."

You're slightly not 'up to speed'.

Dr T gave a geological lecture on the 9th, two days before the CMD.

My understanding is that during that lecture, (which I unfortunately couldn't attend) is that he mentioned that 'joints' were registered on seismic, not individual 'fractures'. A fine line to tread, sure, but 'it's in the CMD' as well.

As a rejoinder to you, I'd like to know what Marmite has got to do with all this. I appreciate that sometimes off-topic I mention treacle-wells, being an afficionado of Charles Dodgson, author of 'The Hunting of the Snark', but I fail to see where a certain yeast-extract condiment pertains to the Hurricane Story.

DC,

"Not me. I thought the guy was an idiot and you could see RT’s exasperation. It’s a wonder he didn’t throw something at him. If these people are analysts you would expect them to do their home work and if PH sent the wrong person that reflects on them. "

Well really, I agree with you 100% ! Just didn't like to say so, because some sensitive souls here seem to expect the CEO of an oil company to be like the late Bruce Forsyth.

I'm tempted to register a new company called 'Love Island Oil', floating it on AIM, saying we'll exploit a great methane resource to the west of the town of Niort, France. Such a resource exists: just take a rowing-boat out on the marshland canals, and you can see the bubbles rising. And so far I don't think anyone's discovered a way to stop cows farting.

Maybe I could make a fortune and buy myself a new Porsche. Not that I want one.

Longwait,

"I'm one of the nutters who invested in SOU and am now awaiting its 'Liquidity Event' ".

Oh. In which case (mild) apologies, and my sympathy. Personally I'm still kicking myself about not having got into SOU at the right time and got out, but I was too busy with this share to diversify. But (easy to say with hindsight), I knew from the RNS's and with a technical view, the whole thing was snake-oil.

But would I have sold at the right time? Not sure. So glad I never got involved.

But I'd like to instantly add that I've been caught myself by some snake-oil shares as well, in the past. Sometimes at a loss.

But here's the thing. And why I utterly disagree with the negative slant put on Dr T's CMD presentation by IJWT and various others.

I agree 100% that in terms of 'slickness of presentation', it wasn't great. But it could have been a heck of a sight worse.

The bottom line being, in trying to sell the 'Hurricane story', Dr T & Co aren't spinning some sort of fairy-tale. An FPSO bigger than any erohwhouse I've been in, WoS, with a couple of FB wells producing (under natural flow) at a ridiculous rate isn't imaginary. Unless they're downright liars. I can't go out there to check for myself, and have no wish to do so.

This isn't designed to be a 'rampy' post. Just saying the way I see things, right now.

IJWT,

"With a compelling story and captive audience Trice was a bag of nerves and delivered poorly... I am genuinely amazed that two people can present such a good story so badly."

And I am still amazed that you haven't logged out of LSE, waited a few days, then come back under a different pseudonym. Because everyone knows that the 'James' in your ongoing one refers to the CEO of a different so-called 'oil company', whose CEO is a great 'presenter', molly-coddled his PI's summat rotten, but whose oil turned out to be of the snake variety.

You can't have it both ways. To be honest, I don't know where Dr T finds the stamina to keep going at the pace he's obviously maintaining. And a bit of short-temperedness shown in response to a daft question simply proves he's human, like the rest of us.

Turn the 'incident' around and analyse it differently. Peel Hunt are a Broker, and issue supposedly 'authoritive' forward-looking share-valuations to their customers, backed up with technical statements based on data provided to them by the company, in our case, Hurricane. So for their representative to ask a question showing obvious lack of knowledge of such data reflects badly on Peel Hunt as a broker, not the CEO of Hurricane. Naturally, I feel some sympathy for the poor questioner who must have sat down feeling his wrist had been slapped in front of the class. But maybe PH just sent the wrong person.

But alternatively, there might be another interpretation. (Remember, I'm enjoying myself having a serious poker-playing weekend, so I'm in that sort of mindset. My hotel window offers a view of the motorway between Bordeaux and the bay of Arcachon, and the traffic's chock-a-block, sometimes stationary. Frequent sirens, with emergency vehicles haring along the hard shoulder to the latest accident. Which makes me grin, and wish I'd joined the police instead of getting involved in the oilfield.)

I digress. (Deliberately) What if the PH question was a 'put up job'? An attempt to 'trip up' Dr Trice? I don't mind making a small raise in a poker game, just for information. Just to get a better idea of what my opponent's holding.

PH knew the thing would be broadcast, so did Dr T. His response was simply a blunt answer, which is sometimes the best way to play the aces. The heck with subtlety.

Longwait,

"I was inside that freezer the whole time - it was just a trial run for the real thing."

This part of your 03:47 post has taxed my brain for a good part of today. (Or at least that bit of 'today' since waking up, which wasn't long ago.)

What does it mean? You're not really one of those nutters who've spent fortunes to have their bodies cryogenically preserved after they die so they may eventually be 'Lazarused' back in some distant future, are you? In your case in the hope that your Hurricane shares will have improved to the extent that you're rich enough to become Ruler of the Milky Way and surrounding galaxies?

It won't work, you know. If you do get 'woken-up', it'll probably be by some sort of giant ant-like race who've mastered the use of the fuelless anti-gravity drive and to whom the idea of terrestrial transport driven by a repeated succession of small explosions is laughably antiquated. And a thoughtless waste of their preferred apéritif.

And by the way, how come you were writing at 03:47, anyway? Had your poker game only just finished? I left mine early, because the table became inhabited by knocked-out tournament players who were so slow making a decision about their hand that I felt myself dropping off, rather like the Dormouse at the Mad Hatter's tea-party. Which wouldn't have done my image any good at all. So I ducked out. Seen faster action in an old peoples' home. Tonight I'll just have to grit my teeth and put up with the slowness, because those p*ssed-off tournament players are easy pickings.

Haircule!

"Sorry for the delay in replying, Haircule, but I had to defreeze my laptop."

I hope you will reply to Longwait with utmost dispatch, accusing him of cheating and all sorts of other things. He might have put his laptop into the freezer, but I bet he was sitting snug and warm, working on his desktop, and not getting himself cold at all.

Fraudster.

JayKay1,

"Hope we're all still friends..."

Can't speak for others, and I'm wary about the 'friends' thing, because that sounds like Facebook stuff to me.

But no problems my end.

JayKay,

"You mis-read me mate, as much as I'm a noilby, I can read between the lines!"

Sorry if that's the case. But for 'mis-read', please substitute 'underestimated'. But am doing so less and less, particularly considering an 'internet site action' you performed recently to which I am of course privvy, puzzles me somewhat, but wouldn't presume in a month of Sundays to understand. Your business, not mine.

Plus you're a 'nightbird poster', like me, so other than having (I think) a shared surname, there are other things in common.

The RR is now fine, thank you, but troubles always come in threes, and this was no exception. Burst hose a month ago, follow-on anti-vibration crankshaft belt-pulley replacement needed (I reckon they ware linked), and then needing the A/C recharged. No repairs needed there, thankfully, but goodness, I'm glad I did it! Took me four hours to get from Niort to Gujan-Mastras (just south of Bordeaux) instead of 2hr45. Some people just don't know how to drive safely. Three pile-ups. No A/C and it would have been a nightmare.

PS If Ricfle or others like him thinks of burglerizing my place (deliberate spelling), my local barman (where I stopped for a simple half-pint before hitting the road, as is my wont), is aware that if he hears the alarm, to become vigilant. If he hears the blast of a shotgun, he'd best call the police, because that will mean the burglar has reached the second landing...

Greenloch,

Welcome, 'lurking sleeper'!

I've been invested in HUR just a bit longer than yourself. Early 2016. But although your post was your first here, I'm a 'regular' one, as you'll have no doubt noticed!

"Although the off piste diversions on occasion consume time that could be better spent. "

Here, I disagree with you! I like the 'weekend O/T' and that LSE allows us to get away with it. Except on the occasional times when it can be obnoxious and devolve into personal bickering.

There are some shares I'm involved with where the BB just shuts down over the weekend. But here, there's a sort of 'community'. I don't do Facebook, nor Linkedin, nor other dubious 'social media' like that. But I've got my hangups, insecurities and so on, and sometimes writing inanities here is a nice pressure-release valve.

Though when I write about the technical stuff I'm dead serious. Except when I'm not, and (like in a poker game) trying to get someone to dig themselves deeper into a hole of their own making.

You can always skip the 'chat', you know. (In fact I'm sure you do.) No need for the 'filter button'.

Btw. Your post was written outside of trading hours.

By the way. My experiment was genuine. I wrote in the word for a male hen, but the censor expunged it. Try it yourselves...