Member Info for adoubleuk

eskibearbeater,

Further to my last.

I finally got to bed very late: 06:00. Woke around 09:00 uk time, logged on and saw the sp up 4%. But went back to bed. Woke 'definitively' at 14:00. Logged in, sp now in the red.

So for me, no question of 'playing another hand' heré without an unequivocally positive RNS.

eskibeatbeater,

"Fancy one more hand?"

Not impossible. Thought about it today, but for assorted reasons didn't buy. I'll wait on news, and not the sad sort learned in the RNS.

And won't be until very late today if I do. A very sleepless last 48 hours or so, including (at last) my first poker-game in a casino for almost four months. And casinos sure are weird now, with all those plexiglass screens and so on. And having to wear a mask, which is a real downer. The only good thing about wearing a mask for close on six hours is taking the dam thing off for the 85-mile drive home, with a nice fat full moon shining through the driver-side window in a friendly way.

Other than yesterday's sad news, the signs are looking up. But still awaiting a positive RNS. Yesterday's 10 % rise is fine, but still represents 10% of not very much. And I made a lot more than any 10% last night.

Snaffleman,

"I am hoping to articulate a balanced case for investment at today's sp.... I hope I can articulate a case to buy but if I cannot I will say so honestly. "

May one ask why you are attempting this ? Or rather, why not maybe 'a case' to sell ? Despite all the Trolls with their various messages, I thought these BBs were principally intended for commentary on the way things are, not to influence others as to which way they should trade.

Stampfli,

"Market Screener shows HUR top two shareholders as Kerogen Capital (UK) Ltd with 318,531,211 shares (16%) and Shanghai Pudong Development Bank Co Ltd (Hong Kong office) with 318,531,000 (16%). So top 2 investors own 32% and have identical shareholdings. Does this give them strike rights under AIM rules id they worked collectively? Any other implications of such a possible co-operation?"

I don't think too much should be read into this. Because in the past Kerogen (THE major shareholder but Hong Kong based, even if nominally London) held about 32%. Seems to me like some 'swapping' has occured.

And of course now there's all this brouhaha between China and the UK over Hong Kong.

I must admit, on reading your post I felt tempted to buy back in. But didn't, and seeing today's 'share perfomance' (or rather lack of it, despite all the TA), didn't.

Still watching this like a hawk, though. But it needs the new BoD to break cover and issue some news, first.

haggis_trap,

"daltry / adoubleuk : what is the easiest way to PM / email you ?"

LSE does not permit people posting their personal email addresses. However if you look in the French phone book you'll find my landline number. Leave a message and I'll get back to you. Mention of the town where I live will be found in some of my posting history, and as you'll have guessed, my surname is the eleventh letter of the alphabet.

daltry,

yes. tks.

What I find most interesting on this thread is that it would appear that Ben, the guy in charge of IR for all the time I've known the company, has obviously been 'changed out' for someone new.

For myself, no matter what a company's assets might be, it *is* its people, particularly at Board and management level. With Hurricane, there have been a lot of changes lately in that respect.

SG2

" AK, like you, no matter what i'll make sure i retain a vote for next years agm,"

I think you've misunderstood why I've retained just one share, literally! :-)

It's got nowt to do with voting at the AGM ! For a number of years, I'd have liked to attend the AGM's just to meet some people, but they always coincided with truck-racing meetings or stuff like that, so I was forced to prioretise things. And hiring a helicopter was a bit outside my budget.

No, I retain ONE share now for a far more prosaic reason. That being, with a hit of a button on the internet I have 'instant' access to buy again. Not that I'm about to do so now. Earlier (about 24 hrs ago) I responded to someone asking about 'operational risk', and responded, even though it wasn't addressed to me, saying it was a lot less than 18 months ago.

Which I still believe.

But with the BoD changes, macroeconomics, CV19 and the general madness going on, that's why I did my 'big sell'. Prefer cash, right now.

C,Eng,

I won't quote your post because some people here have recently objected to me cut / paste comments. Though I've always thought it as being a good way to maintain a sort of continuity within a 'thread'.

So without quote, yes, I agree with you.

Or no. Dammit, I'm going to break that rule.

"date suggests P&A of Lincoln I feel "

'Fraid I agree with you. And it seems utterly mad.

SS17,

"Hurricane oil is still in the ground"

As are probably (at a rough guess) 99.% potential of exploitable oil reserves.

The problem being that right now, people prefer a situation where 'black lives matter' more than 'white' ones, elecricity is produced from nowhere, and that money appears equally from nowhere to keep people 'alive' when there's a bug going around that kills off the old and frail. But shutting down 'the economy' for that.

You can't have it all and both ways.

This is why I laugh at 'chartists' right now. Because they're trying to apply theories which might have worked a year ago to entirely unknown territory.

The only diffierence between now and the 1930's is that people have been 'working from home', and jumping out of a second-storey window in Surbiton is no guarantee of killing yourself, unlike a 14th storey office window in Michigan.

MissMullins, Missdosh,

Thanks for the pertinent info.

I think some interesting points might be drawn from the permit applications.

-1 They are the first recent ones for anything regarding 'our' interests. Which I think implies that 'we' aren't going to be doing anything rig-involved before next year.
-2 I have a nasty feeling that the permit being out under 'intervention' on Lincoln means P&A, even if it's mad.
-3 No permits have been applied for regarding a workover on Lancaster 7z. Which is a tiny bit of good news.

WWN,

"So I’d argue in the past the investment was speculative and carried significant risk, whereas now its more a recovery play in the hope the issues can be solved."

I agree with you.

Typically (for those who know me), I'm going to draw a card-playing analogy, but for a change, not poker, but blackjack. Which is a game where one CAN 'beat the house' if one's a 'card-counter', and assuming a per-hand mechanised shuffling-machine isn't being used. Having such knowledge carries its own risks, though, because although it's not 'cheating' as such, if a casino spots one as being a card-counter, it will throw you out, and send your mugshot to other casinos who will be ready to ban you as well.

The thing being, blackjack is the one game where the odds of winning (or risk of losing) are determined by what's happened before. Unlike a game of chance like roulette, where if the ball lands on number 36 on one spin, there's absolutely NO IMPROBABILITY that it'll land on 36 the next time. Pure random chance.

Hurricane 3 years ago... High risk. However, now some of those risks have been eliminated. The risk now is in fact less than back then.

HOWEVER, currently, the chance of a big reward has decreased significantly, as well. And right now we're watching an absolutely stone-cold deck being dealt. I won't even think of thinking about buying back in for the moment, even if there's a hike of 15% in a day. Because 15% of peanuts doesn't make anything like close to a bag of peanuts...

Which is why I feel the 'chartists' (who know jack about the company itself, and its operations) are barking up completely the wrong tree. In fact, I think they're just barking...

daltry,

"there are too many sellers like a client of mine, who, neither BoD, or ii, has over 35 million shares remaining to dispose of."

Hmm. I wonder who that may be. Very interesting. No doubt a number of LTH people here will be able to guess who your client is, though the newbies will be left scratching their heads.

If your client is selling, I have no doubt it's related to Dr T's departure from the BoD.

MingMing,

"This BB is an angry bees nest today. Normally averaging 4 trades to every chat line. Today the ratio is nearer 3:1"

No offence intended, but I think you must be a very strang sort of person if compiling such statistics amuses you ! However, are you sure you're not confusing trades / chat lines posted with trades / number of separate posts?

HeidHoncho,

"These may be a gauge type that do not require to be recovered to surface to download the data, but a type that sits normally idle (i.e. not continuously streaming data so as to conserve battery life), and are acoustically triggered by a vessel (in this case the Grampian Spectre) mounted (temporarily) device, which kicks the batteries into data transmission mode and the data signals then being recorded by the equipment temporarily deployed on the Grampian Spectre."

Yup, I'll certainly buy into that scenario, or summat like it.

Either way, the GS is definitely now showing 'Lincoln Well' as destination, though went 'out of signal some 20 hours ago. Might we worth checking on in case she pops into range again.

missdosh,

Thanks for the reminder, I'd read it, but the content was a bit vague. And with the BB being what it now is, was too lazy to go look for it again!

Oh, and btw, while I'm writing, thanks for the PM this (or rather yesterday) morning !

MK111,

"I know it's probably a finger in the air question without data but I'm interested in what you might think of well 7z 's future going forward. I know there some serious reservations here."

I don't know who that question was aimed at, but I'm pleased to respond, as it's the stuff which interests me. The 'oilfield technical side'. This BB has become swamped with people talking financial 'technical analysis' and making predictions which turn out to be wrong, day after day. So why shouldn't I make a slight 'oilfield technical prediction' ? It may turn out to be wrong, in the same way the chartists obviously are so far, but at least it's an informed guess (though based on very sparse data), and not just making fancy graphs which can be changed at a mouse-stroke.

First of all, I don't believe any BIG decisions will be made about 7z in an immediate future. There's too much at stake. Of that I feel fairly confident.

In other words, we're still in the 'experimental' stage. The well hasn't behaved as expected pre-FoiL, due to this pesky 'perched water' zone. But not all lines of inquiry have yet been opened, particularly the ESP's (Electrical Submersible Pumps) installed in the completion string. For reasons unknown to us, the surface control equipment for the pumps still hasn't been fully commisioned, though it may be CV19-related and 'manning'. The ESPs are another weapon in the armoury, but still wrapped in greasepaper.

Since before (but more importantly, including) the CMD, talk of an 'intervention' on the well, but ever since, it's gathered traction, espetially with the Edison report. For months, and before the CV19 madness started, I've personally said I reckoned an 'intervention' (or re-entry workover) to be folly, and I'd sell out if it went ahead. But too late now, 'cos I've already sold, maintaining just one share!

I even reckon that the idea may have been a technical bone of contention within the BoD with Dr Trice, and a factor in his resignation.

As for 'plug and abandon' ? Unthinkable. It would leave the company as a one-trick pony.

Likewise a 'sidetrack'. Exceedingly risky, expensive, and difficult. Better to drill a new well.

One way or another, nothing's going to 'happen' to 7z in the near future that requires a rig moving over it, because no permits are yet logged as having been applied for with DECC, for approval.

I believe this share still to be 'news related'. And news released by the company has nothing to do with MM's, candlesticks, or people making fancy charts on their laptops at home. And it's also only marginally related to PoO and 'green issues.

I'd love to know what 'Grampian Sceptre'is up to, but she's going to Lincoln, not Lancaster.

Oiler87,

"I honestly dont understand how someone can invest in an exploration/production company without understanding the basics."

Nor do I, which is why I'm answering your questions.

"If you could answers two simple questions then you would understand where i am comming from.
How does the well not collapse in on itself?"

The well is drilled In VERY HARD ROCK. Without going into boring geological detail, let's just call it Granite, or rather, Lewisian Gneis. It's not a sanndstone, nor anything like that. Not going to collapse or 'wash out' on itself.

"How does well fluids enter the wellbore?"

The horizontal 'producing' sections are 'barefoot'. Ie contain no casing nor liner, (see above for reason). Therefore no 'perforations' of anything needed.

"What i am suggesting is to plug the well and reperforate the wellbore in a location futher away to try and stop the interference between the two wells."

It would appear from the Edison report that the idea is possibly to case off the heel section of 7z, though very peculiarly they mention swell packers and slotted liner, which frankly sounds like bull to me, because a slotted liner wouldn't isolate anything, and neither would swell packers, in fractured formation.

I suggest that you owe 'Winalot' an apology, because he was correct.

" ALL well completions require the wellbore to be perforated "

Oh no they don't.

These are open-hole 'barefoot completions'.

swazers,

This is the first time I've replied to one of your posts, now taking a 'backseat' here.

"In all my years of being in groups & forums, I have never encountered so many absolute knobs in my whole life. Thankfully there are a few solid characters here too. The problem with the average rookie "investor" is they think they can gain the secrets to the markets with google. Or some BS news report. That's why they lose their money."

That is the biggest bunch of bull I've heard in ages.

It seems to me that you're peddling some snake-oil TA stuff, while assuming that people look at google when they instead should be listening to you.

That sounds odd.

Personally, I don't look at google for investment advice, not rubbish 'TA' stuff especially posted by people sounding their own trumpet as you seem to have been over the last few days.

And especially when you finish off with a phrase like 'That's why they lose their money'.

Speak for yourself.

The more I (very occasionally) look at this BB, and read yet more idiotic posts from newcomer people making 'forecasts', the more I'm happy to have done some frantic trades and sold out, ending up about even over the years. Because the posts now appearing indicate panic. Not because of the company (because such posters are totally ignorant of what it does), but because they're getting mortgage-calls or whatever.

I was sitting outside a bar today in the sunshine, having a beer, watching the girls go by in their short dresses (yeah, I can be an old letcher like that!), and idly looked at this site just to pass a few moments. And happened upon a post from someone suggesting that maybe 7z might get 'reperforated'.

It made me laugh out loud.

Personally, I may know very little about the stockmarket, and am left quite perplexed as to how the SP has reached rock-bottom, but as to how and why someone posts on here using 'technical language' but obviously knowing utterly minus-zero about Hurricane's operations leaves me scratching my head in bewhildered wonder. Some sort of total idiot.

swazers,

"I can teach you."

Or so you believe.

I'll recommend this for you.

https://www.youtube.com/watch?v=7kHnoBnsY40&list=RD7kHnoBnsY40&start_radio=1