Member Info for adoubleuk

Multibagger,

"I don’t see ‘burning the books’ myself. "

This was a reference to the fact that recently HUR management has seen fit (for whatever reason) to remove a whole slew of historical literature (presentations, papers, etc.) from the 'technical library' section of their website. Which (imho) is tantamount to the BoD saying "we no longer trust previous reservoir interpretations, so we'll remove them, thereby making technical research by others considerably more difficult."

Just in case the 'new BoD' are themselves wrong...

It's a scandalous thing, in my opinion.

Slift,

"It's possible that the MDT data just wasn't accurate or provided misleading figures?"

MDT data (especially on the well 7 'pilot hole') is dubious, to say the least. They got very few data-points due to inability to get packer-seal, which isn't terribly surprising in fissured and fractured rock. Reliable and more trustworthy data was obtained from sidewall cores, but of course a core doesn't provide much information about oil 'mobility'.

Nic7760,

"DrT claimed in several RNSs that mgmt “believed” both wells were producing only from the heel. But that claim was never substantiated nor proven. In order to prove it, the only way is to run a PLT (Production Logging Tool) on wireline. But that’s impossible here because the wells are not cased in the reservoir section (barefoot completion)."

I think it's time you did a little bit more research into the company's background technical literature. Though that's recently become sparse with current 'management' having got involved in a book-burning exercise. (Which to my mind is utterly shameful and inexcusable.)

PLT CAN be run in the horizonal OH sections, using coil, not wireline. And WAS run during DST of 4z, 6, and 7 /7z.

It is maybe possible (though I strongly suspect not) to run coil throuch the 'Y bypass' around the ESP's and thus into OH and take PLT logs, though even if possible, it would be an extremely 'delicate' and high-risk sort of intervention.

But in the spirit of data-acquisition, might be worth the risk! Except that the 'experimenter par excellence' Dr Trice is no longer in the picture, probably due to pressure from the bean-counters.

Snaffleman,

"I stopped reading slifts posts a long time ago I felt it was not balanced but served an agenda to post relentlessly and negatively. I still read most negative posters but I filtered slift "

Well that's your problem.

Slift,

Glad to see you've been spending time, doing research, and have got up to speed, man !

I used to be known on this BB as someone who would spend endless hours on technical stuff and inteminable posts about it, but have pulled my horns in. But am glad to see someone else having taken the reins.

I don't want to comment on your various posts and the interpretations you've made of the data, because now I'm just waiting on this 'technical review'. Because the damn thing had better run to at least 32 pages and why current management believes that that 16 years' work is a crock, with some very good reasoning behind it.

However I fully agree with you that any workover / sidetrack of 7z would be a foolish course of action. Both technically and financially. I've been writing that here since before you even joined the BB, and still firmly believe in my view.

Heading for Lancaster.

No doubt for another big offload of oil from the Aoka Mizu FPSO.

Oh dear. This company's going to go bust. The reservoir is useless. Etc., etc...

shedful,

"For this review will it show funding is required for several new wells that have to be drilled or will they stay with the couple of wells they have as producers until more cash in bank?"

I think that's what everyone is waiting on to know.

What this new 'knowitall Bod' reckon is the way forward, having systematically having trashed the company.

Hope they've got some good reasoning behind their 'review'.

Slift,

"I'm not here to do "work" to figure out what Hurricane should do next. Nor am I here to learn the full history and past of this company as this makes little difference to the future of this company and my investment.
I simply do some analysis/estimates on a forward basis using information provided by the company - mainly out of hobby/interests."

Totally understood.

But it's the most fascinating oilfield story ongoing, so the win / lose financially (although not running seond-place) after a while becomes almost irrelevant. Depends on what sort of 'oilman' you are.

I just like having money on a winning horse. Even if I might not live long enough to see it win.

hasiba,

"Bod restructuring and a new ceo designate , with recent production increase are all positive signals of a company coming out from the abyss. "

17,000 bopd production. Guaranteed offload and sale, transport provided by BP.

Dear me. Deepest cave I've ever done (Pyrenees) was 800m or so. Biggest oilwell DST I've been involved with was 8700 bopd (half what Lancaster 6 can produce).

Guess I'd better redefine my own ideas of 'abyss'.

(Mind you, I thought I'd seen it during a poker-game which lasted all today, but nevertheless clawed my way up and ended up amongst the winning players.) :-))

Slift,

"The production operations director is someone that will be on site overseeing the site operations, imo."

Have you WATCHED the CMD ??????

Other than the fact that Steve Holmes was there as one of three 'Directors' (Steve Chaffe admittedly in only an 'acting position', do you see Steve Holmes offshore? I certainly don't !!!!! OK, for sure, just occasionally 'VIPs' (such as politicians, royalty, et al) are 'dispensed from formalities like having done a HUET / Survival course before they're even allowed on a helicopter.

But that guy?

Watching the CMD (in slight horror), the bloke reminded me of Zabba the Hutt. It's a very long time since he's set foot on an offshore production facility.

Slift,

"But being sacked as a CEO is very bad for reputation. "

I completely disagree with you here.

Being 'sacked from a BoD' is terrible for the reputation of those people (businesspersons) with MBAs and so on who flit from director positions (maybe as CEOs) and get paid for such.

I don't see Dr Trice as one of those people.

As I've mentioned before to you (because I read your posts with interest and respect), I still feel you've got some catching-up to do regarding the company history, not just technical. And I write that not in a critical way.

I've never met DR Trice personally (most unfortunately). But I'd very much like to do so (might still happen), because I have this sneaky suspicion we'd get on like a house on fire, one oilman to another. Even if he prefers cigars and those terrible peaty West Coast malts, whereas I'm a Camel Filters and Scotch blends man !

Don't forget, the ex-CEO is not 'unwealthy'. And of late (particularly during that terrible CMD webcast), he hasn't looked the Tiggerish person he did just a year earlier.

He's probably enjoying his newfound freedom (though that's just an intuition), not having to put on a suit and tie every other day.

JoeSoap,

"Following the death of Neil Platt, the empty chair at the BoD table was filled by Steve as Acting COO, in much the same way that Richard Chaffe, Head of Finance, was Acting CFO when AS left."

Yes, and No. There is still something wrong here.

(By the way, Aquaesulis ! I DO know what the word 'acting' means in such a context !)

Maybe with all the BoD upheavals, Vigo Comms (and the company itself) missed a couple of RNS-able events.

Steve Holmes was appointed Acting COO immediately following poor Ian Platt's untimely death. Logical, it seems to me, given that at the time all ongoing logistics involved the Aoka Mizu, with no drilling happening.

Nevertheless, he was introduced to us during the CMD webcast as 'Production Operations Director'. That sounds pretty much like an 'executive' role to me, and rather vital.

And now his name and mugshot don't appear on the website at all !

If you want the opinion of someone who's followed the HUR story for years (having been invested and still am, though in a somewhat smaller way), the shake-ups of the last few months haven't put the 'new BoD' in a good light at all. If anything their diligence regarding communications is worse than the previous incumbents', and they have mainly just imparted 'negative suppositions' of a technical nature regarding the future, without offering anything factual to back up such claims.

Still, time continues in its merry way, one day per diem. And I am looking forward enormously to the publication of this 'Technical Review' which is supposed to be published before the 19th anniversary of the fall of the Twin Towers. It'd better be fairly good and comprehensive, 'cos I'll be looking at it through a glass, darkly.

If the 'new kids' are intent on shattering dreams, they'd better have a good case to present.

86DA,

"6th July 2020 RNS. Steve Holmes, Production Operations Director, has been appointed Acting Chief Operations Officer."

Thamks. Guess I missed that. But what the f*** does it mean ? The 'acting' bit, and the fact he's no longer on the BoD ? Yet more questions as to what exactly is going on...

DC,

"Did RT choose to go or was he pushed? I think it is fairly certain he was pushed. "

I'm not so sure. I've heard a few whispers from here and there, but will not name my sources.

My suspicion is that it was 'mutual agreement', and frankly Dr Trice had got fed up with certain conflicts and infighting within the BoD about various technical matters. Technical, rather than 'business' related. Because when push comes to shove, RT is an exploration-orientated person, who set out to 'prove a point', and has succeeded in doing so. For years he's said (in a slightly oblique way) that he wasn't interested in running an 'oil company'.

And on the subject of the BoD, possible differences of opinion, etcetera...

The CMD webcast featured a certain Steve Holmes, accredited as 'Production Operations Director'. But if you now go to the company website, that man isn't listed as a member of the BoD. I wonder what that's all about, because I don't recall seeing an RNS about him having resigned, or anything like that.

(cont)

"With the apparently now known BHP, and BHFP, has anyone calculated whether a column of seawater (I am assuming it is seawater we are producing and not freshwater) "

NO. Not 'seawater'. It's water far below current seabed-levels. It may sound crazy talking about the 'age' of water, but what's down there is tens of millions of years old. Since the last time it saw the light of day as a raindrop. It may well be briny (like seawater), or even relatively 'fresh' compared with the ocean now existing 1000 metres of rock above it.

".... above the currently non producing fractures would be preventing production from those zones, and just how short a column of that water being produced near the heel would be sufficient to kill the production from the as yet non contributing fractures further down the wellbore."

Yes. Or rather, an interesting idea. Not impossible.

The trouble is, nobody like yourself and myself have access to the 'dataroom', so we just have to guess !

:-)

(All written through pale fawn fluff at the usual sort of ungodly hour in the morning. But glad to see that a small minority remain interested in the nuts and bolts of the thing.)

Heid,

"for the experienced techies to respond to."

I consider myself one of those, so will do my best. But it's all 'imho'. !

Taking your last bit first:

"I accept that this would require the current completion to be pulled"

Yes.

"1) Can you runner a stinger/lengths of production tubing below the ESP, or is there no potential for that."

No, not really, or rather, they're already there ! The one thing Hurricane has been tighter than a duck's a**hole about is their completion configuration. We don't know at what depth the ESP's are set. My guess is somewhere quite high up in the 'buildup section' (ie less than 60 degrees), but it might even be that they're even further up, in the vertical. Which is what ESPs are happiest with. Don't know. But either way, below the ESPs is further tubing, stung into the permanent production packer which is set somewhere not far from the 9-5/8" casing shoe, the 'heel' and the subsequent OH horizontal. Whether there is a 'tailpipe' below the packer. again I don't know. Probably yes, but maybe only 20m or so long.

2) Given that the wellbore may be getting on for being gun barrelesque (a presumption given that it was drilled through granite, and not prone to swelling or wash outs),"

This is a HUGE presumption. I don't imagine the wellbore to be 'gunbarrel' at all, except when going through highly compact bits without fissures or fractures. Just a glance at what few (very un detailed) well diagrams published, there are doglegs and oddities everywhere. Especially in 7z.

"if you were able to run a stinger/completion tubing below the ESP could you the run this tubing with water activated swellable packers on it, thereby being able to isolate off the perched water (if indeed it is perched) or the fracture in the heel if it is indeed the sole water producing fracture that is preventing production from the hydrocarbon bearing fractures further down the wellbore."

This, I suspect, is exactly what the ex-Shell new management people are thinking about when they talk about a possible 'intervention' on 7z. Shell just love 'swell packers'. Great for 'conventional' formations. But their application in FB? More than doubtful (again imho). The rock is fractured and fissured. You might get a packer to 'seal' along its length (cross fingers)but nevertheless the rock isn't 'sealed', and what's in there will work its way around the thing, if you see what I mean. It's why the MDT logs didn't work.

(Cont)

Help, please !

WTF is a 'CEO Designate' ?

oilheadgame,

"Adoubleuk you midnight owl."

Hit 'em when they're down.

I've done 60-hour stints (tiring but enjoyable when you've finally got an ancient old stage-collar to shift at 39500 psi and can then do the second stage while the sun is rising over the jungle trees and you've got the job done) and can finally go to bed.

Let the early birds pick up the pieces.

ngms,

"If I'd not held in large quantities previously (and lost my shirt) I'd probably have opened a small position here."

I 're-opened a small position here' at 6.1 and have seen that diminish. However it was small enough not to care if I lose the lot. I'm a poker-player, remember?

However through some nifty trading at the 64p, 54p, and 6p/8.2 p levels, I'm still about even-stevens here, even if my business is oilwell drilling, not share-trading. Unfortunately no profit, but if I drive away from a poker game and all I've lost is my diesel-costs and a few hours of my life, I don't complain. Though it's nicer driving home with a pocket full of winnings, which happens from time to time, like last Sunday.

Please tell us when you've bought back in, even for a moderate sum.

At that point some people might take your calls seriously. Which they don't, now.

slift,

"I see ngms27 hasn't answered this question. Either because he's incompetent to answer, or couldn't be bothered? Who knows."

Your first supposition is the correct one.

For 'ngms27' read 'Nigwit'.

Banned from LSE for neo-fascist comments about a year ago, back again under a new name. Doesn't know sh*t about oil.

Stu,

"Trice's model can't explain the water, DSPP model can't explain the BHP.What they need is a wet FB model (a fully worked perched water model), this has always been just a hypothesis."

Yes. And also what we need is WFP (Wellhead Flowing Pressure ), with choke sizes taken into account, correllated with BHFP. Without such, the data published is almost meaningless, or rather, impossible to interpret properly.

This, (because my spectacles are not always rose-tinted), has always been one of Hurricane's technical shortcomings regarding communications. And yes, maybe the 'fault' of Dr Trice. Maybe a cause of his 'downfall'. Because despite all the presentations and so on, even for LTH and people interested for a very long time, we've never been given the 'full nine yards'. (And as an afficionado of WWII warplanes, he should know what that means.)

I do feel that if more (maybe considered 'confidential') technical information been given publicly, maybe it might have helped. If only for peer-review purposes coming out of the blue from unknown sources.

Instead of which he painted himself into a corner, so slipped out of the window.

The 'New BoD' now have to prove themselves. And also write some VERY SPECIFIC reasons why they 'believe' OWC is shallower, why all preceding models are 'wrong', and what their possible 'remidial procedures' to save the company and turn the shareprice around might be. With documentation to match.

Otherwise, and if they don't do that, they're just selling us down the line, for Shell to take over at peanuts cost. An outfit like that could do that at a blink of an eye, keep the EPS running, even at a loss, and then come roaring back in when hydrocarbons become fashionable again, as they will.