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Looks like the MM's are testing the 5p 'psychological threshold'.

Boyzee, "Why has RB reduced? " We've seen this before (selling into a rise) and it was to be anticipated. It is presumed (because I don't think it was ever confirmed categorically by RB himself) that CA has internal protocols preventing the company from over-exposure to any one particular share in percentage value terms. So we can probably anticipate further selling if / when the SP rises during the approach to FoiL. Naturally, having a big seller like this forever in the wings might possibly act like a sea-anchor, adding 'drag' to any upward SP movement. However, this time I can't help wondering if that will actually turn out to be the case. I think it's not impossible that as large chunks of stock become available, they might not be sucked up by other II's who bought in at the placement last year, who aren't hamstrung by such constraints, and who wish to increase their holding. Because they will have anticipated CA's actions as well, and possibly factored it into their own planning and strategy. The RNS shows that the shares have been on the market since last Thursday, but yet the SP has continued its generally 'blue' trend. At the risk of being controversial (though some people here will have anticipated it!) there is the plus side that as the company progresses and the SP rises, CA's influence in terms of voting rights decreases, through further selling. It's an undeniable fact that without CA's initial interest in the early days, it's doubtful that Hurricane would have ever got off the ground in its current form. But 'activists' of whatever shape or hue are always dangerous things to have knocking around. And frequently RB, through tweets and press-releases which some consider to have been irresponsible (cf last November) has proved himself to be a loose cannon on the deck. So no worry. CA sells are just RB feathering his own nest. Again.

Following a computer problem a while ago, I lost a lot of my 'bookmarked' site adresses, and was unable subsequently to access the DECC. However thanks to a fellow 'shipwatcher' I've managed to get back in there again. Thanks, 'Laser'! I'm interested to see that the permits for the PBLJ on Shaw expire on June 1st. That doesn't mean that some sort of extension might not be granted, but so far there's no notification of such a submission having been made. It's also nice to see that permitting submissions for installation of our FPSO have been made by Bluewater. However no 'operations start date' has been given yet...

Dicky H, Thanks for posting that excerpt from the IC: I notice you're getting a number of 'recommends' for it. But I'm more than slightly bemused by their closing phrase: 'For now, we are happy to sit in the cautious camp, especially with so many heavily discounted UK oil and gas stocks for sector investors to choose from. Hold.' What does that mean? 'Hold your fire'? 'Hold your horses'? That may be all very well for people with a rifle in their hands or already sitting on a saddle, but it's not terribly helpful advice to anyone wondering about putting money into Hurricane, but who hasn't done so yet! Especially given that the SP is likely to become quite volatile and news-driven over the next few months, the month of May and St Leger's day in September notwithstanding. 'Regulars' here know where I'll be tonight as it's Saturday, and if I held up my hand and said "should I call, raise, check or fold with this?" I'd get laughed out of the house. In respect to this share which we know and love, there's almost literally a danger of missing the boat! End of ramp.

Surely, "Ricfle is just observing what we all know. Ramping and echo chambers equal to confirmation bias, and " locked in" equal to "loss aversion". I disagree, but only in detail. Unusually (given our 'frequent sparring partners' status) I agree completely with Ricfle's latest comments. However I disagree with your assertion that everybody knows the situation he's describing. Because everyone has to start somewhere, and quite often their first forays into investing (especially on AIM) can bring nasty surprises. Especially if they haven't properly researched the company into which they put money. I've never held SOU stock, but the latest events there seem to bear this out. There are a lot of people posting on that BB who seem genuinely upset that the SP hasn't turned out to be as 'magic' as they expected. And looking at such posts, a lot of them appear to have invested around the 70p mark in a naive hope that somehow the curve was going to continue increasing exponentially with the sky as the limit. Which is almost invariably (except in rare cases) unrealistic. In 'our' own case here, HUR, it's obvious from posts over the last 12 months that some people bought in about a year ago at some point when the SP was swiftly rising to a (very temporary) high point, and (from those who remained) are only now beginning to see a slight return, or a breakeven, or just some light at the end of the tunnel. I'd suspect some of those people are relative newcomers to 'investing' as well. 'Confirmation bias' is an insidious and dangerous thing of course. But I'm not sure it's necessarily synonymous with 'ramping'. Instead I think it's characterised by denying that things are going wrong when they obviously have, and ignoring self-imposed stop-losses, whereas 'rampers' may just be taking advantage of an 'everything going right' situation to 'boost' it, usually to their own short-term gain. One thing remains undeniable: AIM investing, and the O&G sector especially, is not for the weak-hearted! That we DO all know, usually based on past unfortunate experiences, from which personal lessons have been learned, hopefully...

Mikemine, "Hell of a lot of "A" trades yesterday. Today its mainly "O" trades. Don't know what the relevance is, if any" Something's happening elsewhere on AIM which may have a bearing on this. I've been wondering about it for the last few hours, thought about not mentioning it, but then noticed a poster on here had started a thread entitled 'Sold all my hur & sdx', and thought maybe my thoughts weren't entirely implausible after all. (The poster's thread title was obviously written in a hurry, and he wrote 'hur' instead of another ticker code!) There is a rout taking place over on another well-known junior O&G, a company which we sometimes (wrongly) see compared with Hurricane, even though their operations and assets are as similar as chalk and cheese. I think it's not impossible that a lot of PI's are baling out of there in a hurry, and some of them may be buying in here. Such trades are likely to show up as 'O' trades, possibly. Just an idle thought...

"Hoping the decision is taken out of our hands, by a TO or special Div through Assett sales." (Cebo) Interesting. In the past on this BB I've expressed scepticism about a complete company sellout, but now I'm not so sure. There's a table on page 16 of 'Milestones', and under the column headed 'Monetising Assets', there's this phrase: "Sale of Hurricane�s Rona Ridge assets and / or the Company." It's marked as being 'in progress'. This is (to my recollection) the first time Hurricane has actually put potential future sale of the company down in writing. But on that subject, I'm very surprised not to have seen any comment here on the full Annual Report which is published on the company website. Sure, it's a lengthy document, and a lot of it simply repeats what was written in the 10th April RNS. But nevertheless it contains quite a quantity of extra stuff, including the findings of the NGC, which I'd have thought might be of special interest to posters who've been banging on about corporate governance and how useless they consider the CEO to be. In view of the fact that not much hard news has emerged recently, other than the appointment of the new chairman, I feel it's not unlikely that the recent interest in Hurricane, resulting in a healthy rise in the SP, is related to publication of the report, and digestion of its contents by 'newcomer' investors.

Rangers, I WORK (or worked) as DSV. But that only carries so much weight. I hope you're right, and that pre-ops will be tackled including the highest levels involved. Calm down? Just when it's getting exciting? I'm only in it for the money, remember.

Wellwell, "More of the same......." Crikey, how jaded can you get? Fed up with the monotony of a full week of 'blue days', or what? Sure, this slow inexorable push upwards (no! in fact it's quite fast!) means that someone's going to have to start 'selling into the rise' again, doesn't it? What a shame. Remember a story I posted here a few months ago? I was happily sitting at my Thursday night poker game when our peace was disrupted by some unruly noise coming from the roulette table. The ball had landed on eleven FOUR TIMES IN A ROW! There were some mightily p**ed-off people.Except for the bloke who'd bet on eleven twice. Shame the company's now fully-funded, isn't it? No more placings on the horizon. No more cheap shares to be had. Same old, same old..... Not.

SotB, " There�s really not much in the way of repairs for the PBLJ after all at Lancaster its two completions to run......it�s not a full blown drilling programme !" Well yes, but also definitely no. For sure there's no 'heavy hitting' to be done, and even when it comes to true drilling operations on Lancaster, Hurricane's using sledgehammer rigs to crack downhole nuts. But on the marine side, 'harsh environment' big rigs like that are required, especially if working over winter. And yeah, before you hit your keyboard, I know! The recompletions are going to be done this summer! :-)) But I'd hate the idea of the crews going over Lancaster with a complacent attitude and thinking they're 'just' going to do a couple of 'lightweight' recompletions. Hopefully Dr T will get 'hands on' again for a bit, just to make sure that's understood. ....And I never thought I'd find myself writing something like that. But I have...

SotB, "Hear hear!" to what? Rangers' post? Good to hear it if so, 'specially coming from you.

Sulsgeir, "Repsol operations eating into our WOS Lancaster timeline" Yes, that's indubitably true. Though as I put in an earlier post today, I don't personally feel it's a cause for great concern. Yet. But we really don't know what she's doing still, and there's no escaping the fact that instead of going to Invergordon for maintenence in November, she's remained out at sea on operations. Which almost certainly means that maintenence schedules have been 'stretched' (far from unknown for Transocean rigs working in the past for BP), and possibly required certifications as well. All this is completely out of Hurricane's control, though, so to quote the I Ching, 'No Blame'. "AdUK keep an eye on those ships" As also posted recently, 'shipwatching' is a wide group effort. And there are some people who post less prolifically than I do who are far faster on the draw than I am regarding checking on ship charters. Though I've noticed a bit of news today regarding 'our' PSV , but I don't want to speculate about it now. Also a request put in by Zennor for an AHTV, but don't want to expand, for similar reasons. Either way, I am beginning to feel that the rumour you yourself posted, Sulsgeir, that the rig wouldn't be moving until June, is quite possibly true. But that will correspond very closely with the AGM, so I feel sure we'll get an update from the company in this respect before then. I don't think there's a 'conspiracy of silence' happening, other than Repsol being on 'tight hole' status and their comms closed up tighter than a duck's bum. And I don't see that the delay is yet entering into 'cost overrun' territory, neither, so no cause for worry.

Wow! Now that's a really good (if slightly 'rampy') article. We need more stuff like that. " I especially like the reference to the garden shed again, it's becoming something of a badge of honour!" Yeah, me too! And (as a wayward thought) I can't help wondering what else Dr T might have had in his garden shed, other than a geological microscope and a computer or three. Not a train-set, I suspect. But maybe some models of WWII bombers...

No, not just you. Complaints on BB's regarding other shares as well: it's not just the HUR page. Also the SP data at the top of this (BB) page isn't always adding up properly in terms of spread, percentage plus/minus, etc. (But that's not new.) Hadn't seen the 43p thing, but (very unfortunately) I think it's just another glitch. Time LSE wound up the clockwork on this site or invested in a replacement spring. But yet another 'blue day', nevertheless. Pushing hard at that 40p 'resistance', it seems. (Assumes Vogon shouty voice: "Resistance is Futile!")

SIPP, Just a small excerpt from your rather lengthy (who am I to talk?!!) post. "Today Goldman Sachs are forecasting $80 oil in the next six months! WTF do they know? NOTHING!" I quite agree. And for Goldman Sachs, read 'anybody'. I receive 'World Oil', the foremost industry publication, not just in the monthly printed form, but also the daily e-newsletter. And the latter contains very little 'editorial content' written by the magazine's staff, but is instead a compilation of a dozen or so 'headlines' and articles taken from various sources. And the 'lead article' is very often in regard to the Poo, or forecasts in that regard. And in general, I don't bother to read those particular articles any more, because they can contradict each other and tell opposing stories on even a daily basis. One day Russia's going to maybe break the production-limiting agreement with such-and-such possible effect, the next day someone else is writing the exact opposite. One day US crude stockpiles are rapidly depleting, the next day they aren't. Etcetera etcetera. Even the big finance houses like GS or MS can contradict themselves in the space of 48 hours. It's all rather like the White Queen in Alice Through the Looking-Glass who can believe six impossible things before breakfast! And something one mustn't forget: press releases from outfits such as Goldman Sachs very largely reflect their own positions for that particular day, and what they'd like to see (which will help them to continue making lots of money). In essence it's blatent ramping / deramping (a thing not allowed on a BB like this, populated by little PI's), perpetrated by corporations whose own actions (or prognostications) can have a direct effect on which way the market turns. A shameful and blatently shameless state of affairsat the same time, to be taken with lorryloads of salt. But turning to your comments about RPS, their forecast is very extremely conservative, as is everything they put into their CPR's. And I believe this is quite possibly at the request of Hurricane themselves, who commission the report to start with. Not without good reason: nobody's going to start complaining if the company wildly overperforms financially if the Poo ends up being higher than the base-case assumtion, are they? Whereas if HUR was only going to be profitable with the crude price at $100 / bbl, nobody would touch this stock with a bargepole. I've seen a lot of 'evidence' put forward by people who believe 'our' SP is directly related to Poo, and remain very unconvinced. But that's not to say the SP is 'immune' to the crude price. If a computer sees a drop in Poo, it may have received instructions to automatically sell assorted O&G: but rubbish in, rubbish out. It doesn't alter more fundamental stuff. Like once the EPS is running, there will be a market for the black gooey stuff produced. Guaranteed. More than can be said for a robot which can (with help) build an Ikea chair...

Ricfle, "As you have "ship watching" covered on the "premium board" has you seen any hires of a vessel that could undertake the piling works?" 'Shipwatchers' (a loose, unofficial group of which I'm just one participant) 'report' their news both here, on premium, elsewhere, and sometimes PM. And no, personally I'm unaware so far of a firmed-up vessel charter for the piling. " This looks like the most obvious reason for failure to start at the beginning of the weather window." I think your use of the word 'failure' in this context is both negative (maybe unwittingly) and potentially misleading, in that (to my recollection) at no time has the company said that piling operations would immediately start at the beginning of Q2, and therefore we can't consider that there's a 'delay'. The only delay incurred so far appears to be rig mobilisation, and we know this is due to operations ongoing for Repsol. But it's also my opinion (and that of others) that the rig delay is so far not a cause for great concern.

Ricfle, "As you have "ship watching" covered on the "premium board" has you seen any hires of a vessel that could undertake the piling works?" 'Shipwatchers' (a loose, unofficial group of which I'm just one participant) 'report' their news both here, on premium, elsewhere, and sometimes PM. And no, personally I'm unaware so far of a firmed-up vessel charter for the piling. " This looks like the most obvious reason for failure to start at the beginning of the weather window." I think your use of the word 'failure' in this context is both negative (maybe unwittingly) and potentially misleading, in that (to my recollection) at no time has the company said that piling operations would immediately start piling operations at the start of Q2, and therefore we can't consider that there's a 'delay'. The only delay incurred so far appears to be rig mobilisation, and we know this is due to operations ongoing for Repsol. But it's also my opinion (and that of others) that the rig delay is so far not a cause for great concern.

Ricfle, "Work on the mooring has not started!" Stuff and nonsense, mate. Annother addition to my previous post, and the bit about 'thinking positive'. (Which doesn't mean I advocate looking at the world through rose-coloured glases.) The mooring system has been designed (multiple man-hours). Money found to buy the stuff. Pilot-holes were drilled a year ago to check the seabed. OGA approval has been given. Boulder-clearance in the 'thrash zone' accomplished ahead of schedule.Chains fabricated and now in Norway. Buoy almost ready for shipment, seemingly. So it's all coming together. About ten days ago I wrote a post on almost exactly the same thing, and aimed very much in your direction. What hasn't started? The INSTALLATION. The overall 'work' regarding the mooring system is well in hand, and in quite an advanced stage. The 'window' has only just opened. I'd contend that we only need to start worrying if we approach a time when the window is closing and certain things haven't been done: not beforehand. And in pure logistics / operational terms, I strongly suspect that 'green-lighting' of some operations is highly dependent on the 'state' of others: in other words (an example, guesswork only, could be quite wrong) maybe pile-driving won't begin until the buoy has been float-tested in Dubai, loaded on its transport, and on its way. Quite possibly the same sort of thing applies to SURF installation. In other words, planning the party is one thing. But its pointless starting the cooking until you know how many guests are invited, and have a rough idea when they'll be arriving. And you don't put the souffl� in the oven (which in this case may possibly be represented by FPSO hookup, commissioning and FoiL) until the last moment, when everyone's comfortably seated and has finished their aperitifs!

Ricfle, "we could discus the "New Chairman" and the 0.92% "difference" he has made to the share price" It's one of the rare occasions that I find myself in semi-agreement with you! But only partially, and not necessarily in the detail. There's already been some discussion of the new appointment RNS this morning. But here's the thing I personally bear in mind: the new Chairman may be no Rock Hudson, not a 'celebrity', but his track record looks fine. So (as predicted by many here), the RNS hasn't had much effect on the SP. But nevertheless, it's another in a slow continual progression of 'blue days', the like of which we haven't seen for quite a while. Which to me indicates that 'the market' doesn't disapprove of the choice of new Chairman. And let's face it, there's no shortage of 'ex-chairs' and CEO's out there who are just self-serving cowboys (no names, no packdrill), whose presence might have caused some investors to run for the hills! So so far, so good. You also mention certain percieved 'delays', not the least of which, lurking in the back of the mind, being the fact that the PBLJ is still horsing around rectifying Repsol's (unspecified) c*ck-upinstead of being out on Lancaster progressing 'our' stuff. But again, the SP curveof late doesn't reflect any particular 'market concern' over this. With good reason, I believe. I'm away from home with a chronically slow internet connection, so haven't got my printout of the 'timeline' to hand, and it'll take an age for the company site to open at the same time as staying on this page! But I've got it more or less memorised. And the thing is, there's an enormous amount of contingency and margin built into the thing. Plus also it's almost absurdly simplified. By contrast, in Hurricane Towers at Godalming, there'll be someone working with a 'timeline lookahead' spreadsheet, updating it at least daily, and with operations broken down into hours most likely, let alone days, cross-referenced between operations, and also to costs, logistics, supplies, contract situations, etcetera, etcetera. The whole nine yards, in other words. Fulltime work for the person doing it, and that person won't be Neil Platt himself, believe me. We don't have access to that spreadsheet. It'll be 'need to know' only, and we little PI's don't fit that description. But in absence of such detailed knowledge, there's no reason to believe anything's 'wrong'. Believe me, 'thinking positive' makes it far easier to deal with the real problems in life. This isn't 'confirmation bias' talking, because that phenomenon is characterised by refusing to believe that the flush has been actioned and everything's going down the pan, when in fact it is. However, that isn't the case here. Another 'blue day' tomorrow, hopefully!

Wellwell, "Trice is geologist who�s done an amazing job getting HUR to where it is and without him you�re correct, there would be no �HUR� but that�s not the case moving forward necessarily. Question marks remain on his skills in the corporate world. There are endless examples of someone starting a company and by default they become the CEO, at least initially, but that doesn�t mean they�re the best person for the CEO role, necessarily." Once again, we're going over old ground here, but with slight nuances. An opportunity to put a few old arguments to rest and bury some worn-out and rusty old hatchets, maybe. Essentially, (for what little it's worth), I agree with what you say (quoted above). But the hinge-point is all a question of timing, in my own view. In post long passim I've expressed a forward-lookin speculative opinion that Dr T may very well step down voluntarily from his role as CEO in what is now a not-too-distant future. Or rather, make some sort of 'sideways step', not too long after the EPS is up and running, with FoiL achieved. Because from that point forward, the company will be a different sort of animal than the one RT first took on as a pet, working from his garden shed. There will be an ongoing commercial side, with 'the BP contract' notwithstanding, probably some marketing involved, and so on. Plus I'm absolutely certain that with the 'train set' actually functioning, RT will be watching it like a hawk and actively involved in ongoing analysis of reservoir performance and how to optimise that (which he probably enjoys more, anyway!), so may well prefer letting someone else taking the part of the Fat Controller, overseeing the company's day-to-day stuff as a 'business' of a sort which it hasn't been until very recently. All in good time... And when the time is right. In fact I feel that the manner in which Dr T managed to defend the company (and by inference himself as CEO)against a few vociferous detractors (who should have known better) about seven months ago, and at the same time make said detractors seem rather foolish, is evidence that he was (and remains) the right person in the right place at the right time. All a question of the 'not changing horses in the middle of a stream' principle. Once the AM's happily morred over Lancaster, taking on oil and a cheerful flame from the flarestack illuminating things, it'll be a completely different story. But we're not there yet. Won't be long, though!