Member Info for adoubleuk

MCB55,

"next CPR may well not be til 4Q19?"

Dunno, but so far there's been about a six-month gap between an upcoming CPR being announced by the company and actual publication of the thing.

MCB55,

" Further value may well be added from drilling results, new CPR, etc, by then!'

With the emphasis on drilling results.

A CPR is principally a marketing tool during exploration / appraisal phases, is expensive to commission, and takes an age to prepare.

Personally (opinion only, in other words), I can only see two further CPR's in the foreseeable (but not immediate) future. One possibly after the GWA sequence, which should supply data to prove (or otherwise) the Warwick / Lincoln 'connection'. And one after Halifax is drilled again (with a DST this time) for the same reason. Upholding Hurricane's belief of a connection to Lancaster.

After a while, CPR's become supefluous, because the results speak for themselves. So no more 'marketing' required. People either buy in, or they don't.

Chris,

" lots won't have seen the news cause RNS not showing on free software"

I pay for 'premium' (though not level 2), but it's not showing on my page, either.

LSE: 'could do better'...

Snail,

" I honestly thought that was an April fool....so much so that I went to Reabold's website to verify .....I've got no RNS alert flashing on here !"

Me too. LSE is still not showing this RNS, flashing, or not. They can commission a software format update that's generally useless, but can't show an RNS...

Good news on Monroe Swell...

I got an email from LSE inviting me to check out the new format, didn't like it, so will stick with the old one until (if?) the new thing becomes the default.

I think the trouble with 'updates' in general is that the software developers frequently aren't habitual 'users' of the old version, so make changes (often bad ones) simply to justify their fees.

Longwait,

"But I don't know what prog rock is. Has it got something to do with fractured basements?"

It may do. In my dim and distant past (call it wayward youth) I had quite a lot do do with some rock music bands. And one of those had to find new rehearsal premises because the old one (an abandoned garage, not a basement) was developing cracks in the walls due to the noise they made. A sort of 'accoustic tectonics'.

Amongst all the jokes and general chat, Yuyus pointed this out a few hours ago.

"On advfn brilliant post from steve73 worth a look ."

Steve posted just after 03:00: someone who keeps the same sort of hours as myself!

Well worth reading along with the (few) follow-ups. Few, because that BB seems to be fixated on brexit, poor tortured and brainwashed souls.

I'd missed the comment in the Final Report presentation audio that Steve refers to, but it led me to look at the pipeline map, and he's right. WOSP traverses Whirlwind, so pretty close to Lancaster. Personally, I hadn't noticed that before. Silly me. Plus of course it runs not far from Halifax as well, but I had seen that.

From looking at and listening to the report presentation, 'debottlenecking' is already becoming a subject of increased importance and ongoing focus subsequent to the Spirit deal.

It strikes me that technically there's a snowball effect in progress, even if it's not currently being reflected in the share price.

* 'FROM the casino...'

OMG. I get back to the casino, log in here, and find that all the rest of the day has continued with people cracking jokes. (Some of which are actually quite funny.)

The standard of this site is deterieraighting. Dutorierating. Detrarianadig. Oh, forget it. Time fer bed.

Longwait,

" we've been through the warrants fiasco, doubts about being able to raise cash, the weather scares and the no-frills ropes that broke"

Are you implying that the replacement was a specially-ordered 'frilly rope'?

The mind boggles. Has it anything to do with Highland dancing? (In fact, please don't answer that. I don't want to know.)

Biffa,

"Not sure what the fuss is about CA's warrants. 23M shares is just over 1% of total shares in issue'

Yeah.

But how many of the 'shares in issue' are being actively traded by the major investors in the company ?

Crystal Amber has already by their own admission made millions out of their 'investment' in HUR, during a time when HUR has yet to reach revenue earnings.

To the detriment of the SP, the PI, and the small-time hopeful 'trader'.

OK, CA bankrolled Hurricane in the early days, and without that the company may well not have become what it is now. But their trading behaviour and press-release 'activism' on the part of the CEO Robert Bernstein I consider disgraceful and worthy of no respect whatsoever.

I've met (and had good times with) a few fellow Hurricane shareholders, some of whom are far better-off than myself, but that man would not be welcome in my house.

Snail,

"Optional extra safety systems ......how American is that?"

No, it's worse than that. A 'safety system' by default. If the pilots had had to activate it before being able to take off, fine, because they'd have been ready to disactivate it later if it played up.

Remember. Whenever a 'fail-safe' system fails, it will axiomatically be to an 'unsafe' mode.

They want to introduce this to cars, now.

Snail,

".Im on Pecharmant now but don't tell Sipp..."

He might not know of it. Pécharmant is a closely - kept secret.

Should you ever visit Château Corbiac, make sure to ask to see their collection of neolithic flint tools found on the domaine...

Longwait,

"I was merely commenting on the perversity of pricing on AIM."

Yes, I know you were!

In fact there's a passing reference to that by Stobie on the webcast.

I think that AIM has been borrowing its software from Boeing, lately.

SiPP,

"Just found the webcast that accompanies the 2018 Presentation, just started listening...

https://www.hurricaneenergy.com/investors/presentations"

Many thanks.

I still have to re-read the report in todays RNS, but got onto this first.

Click the link for the presentation, but ALSO the commentary. Run 'em in parallel.

All I can say is 'wow'.

Dr T sounds slighty tired, vocally, but I get the impression that even he is slightly overwhelmed, putting the thing together as a 'presentation', with what's been achieved, what's to come, and what will follow on. A long way from his garden shed.

(Reading across, with increases in staffing, BoD etc., it MUST be a bit overwhelming, but he's still a dam good CEO, even if the whole thing's growing bigger than he might have ever envisaged, and more complex. Plus I was happy to hear the way he handed over to Stobie from time to time regarding the financials.)

Highlights I immediately noted: page 5, the Wood report. 'Largest undeveloped resources on UK shelf'; what a graph!

A CMD upcoming: that will be interesting.

The decrease of OPEX / POO into POO teens. Again, wow!

Extra FPSO on GWA. My apologies to some about that, especially the now-gone Ricfle. But only for GWA. I still see platforms for GLA FFD.

A slight mention of SP being 'counter-intuitive'. No sh*t. But (hopefully) things will change. One day. When people wake up.

The implication that Hurricane is investigating 'go it alone' for GLA FFD. A startling idea, and a wind-change, but seeing who they're getting onboard at BoD level, why not? If BP and Shell carry on dragging their heels, they'd better be ready for some 'mavericks' coming in and upsetting their apple-carts.

OK, enough rambling. Time to go re-read the report again. But the presentation alighned with the commentary is maybe enough for now.

LONGWAIT,

"By the time of first oil, the price could be down to 40 p."

A most uncharacteristic post from you.

But if it happens I'll have ebayed my diamond nose-stud, my orchids, and collection of manga comics to do a SERIOUS top-up!

SiPP,

"escargot... can you please STOP talking about alcohol! I'm currently abstaining ... and you are not helping!"

Give 'im a couple of weeks, and after coming to visit me. THEN we might all be on the wagon to give our livers a rest!

Foresight et al,

"..probably valves on wellheads or manifold, let’s see where dive support vessels shows. Coordinates anyone? - buoy was bang-on."

Yup, in principle.

The wellhead Xmas trees will have been installed with assorted 'mechanical lockouts' of some control-systems applied for the period they've been sitting around doing nothing. Maybe the 'riser manifolds' as well. Although they'll be functioned remotely during operations from the FPSO, they probably require physical 'unlocking' through ROV intervention from a dive-support vessel.

Co-ordinates? N 60.200, W -3.863

Ah! Some 'shipwatching' once more! Happy days.

* " the company investing going to GLA FFD "

... the company INVESTIGATING...

Foresight22,

"..have to sell it first, commercial oil => petro-monies."

There is already a buyer: BP. You have to go back to the AIM Admission Statement report to find that obscure clause, which is frequently overlooked and may be unknown to some 'newcomers' to HUR.