Member Info for adoubleuk

buyinmay,

"However, you and I both know that some of the contributors here will have been sunbathing in trainers and a vest. "

No, I'm afraid I don't 'know' such stuff. See pictures of it on the telly and so on, but don't trust such things to be true. Maybe I live a weird and priviledged life, wherein I choose the places I frequent, but they certainly don't include localities where people wear trainers, a vest, and lying on a beach.

Try 500 metres under the Pyrenees, instead.

Not many 'traders' to be found there, where we're happy gamblng wth our lives, instead. And having fun dong so.

fandg2

" won't make the beach at Bournemouth though. Would'nt want to, where did they all go to the toilet?"

In the sea.

buyinmay,

"Weekend Kebab money traders are busily trading whilst on the beach in Bournemouth. They need money for tonight’s kebab."

Hey ! What's all this latest stuff about kebabs ? Nothing wrong with the things. I live about 150 yards away from the best takeaway kebab-house in Niort, and when I walk in the proprietor (a Tunisian guy) greets me, and knows just what sort of kebab I want. No tomato, no chips, extra onion, and spicy sauce. Only costs five euros, and provides me with two meals, usually.

Makes a change from pâté de fois gras.

ironroughneck,

"Well there goes my expectations crushed for the day, 6.5 back to 6.0 is a pretty huge drop."

No it ain't. But 64p to 6.5p in the space of two years fits the description 'huge'. Especially when the company seems to have being doing OK (or at least, until recently). Some people have shovelled up a lot of money out of other peoples' pockets during that time, and I know I'm not one of them.

d(r)aft,

"lol gotta laugh , if u cant laugh what can u do eh"

Yup, can't argue with that.

(Just posting this to show you aren't on my 'filtered' list, which is growing longer by the day.)

DC,

"Beginning to sound like live at the Apollo"

Did Humble Pie play at the Apollo? Dammit, I missed that gig.

I Don't Need No Doctor.......... etc., etc., .......

swazers,

" Or is it a place for grumpy guys to bash others for no reason?"

Yes. Though sometimes some of them have good reasons. Oh, and don't be sexist. There was a lady who used to post here who I definitely wouldn't want to get into an argument with. Though it might have been interesting trying to do so, come to think of it.

swazers,

" Making money and being healthy is vital, don't you agree?"

But sometimes the two are mutually exclusive. I make money by playing poker, but although the casinos have reopened in France, the poker tables haven't, because ten people sitting closer than a metre together has been deemed 'unhealthy' by the government. Which makes one wonder what their sex life is like, but as everyone is now hopefully aware, politicians are a bunch of w**kers, anyway.

d(r)aft,

"before i got into HUR everyone warned me this was the worst bb in the world "

Used to be the best until the likes of yourself turned up....

:-))

swazers,

" I think it will want to test the last breakout of 11.8p."

And I think you ought to consult a psychiatrist.

C.Eng,

"When I was looking into this a little more it got me trying to read about permeability anisotropic properties as the ratio of vertical to horizontal permeability and how lower ratio is best for production and high ratio leads to greater water breakthrough. But then I read that in horizontal wells a high vertical permeability is linked to higher PI? This appears contradictory?"

Yes.

I'm going way out of my domain here, but my understanding of things discovered so far.

I'd agree that there that there are certain contradictions coming to light, and they do raise certain questions. Lancaster 6 was certainly the most 'conciensciously-drilled' well, and the best of the lot. But equally, the 'well 7' DST was the best result. But then that was sidetracked to make '7z', it is obvious that the directional drilling for it to be a 'horizontal' was shoddy, to say the least (probably due to 'go-fever'), and went way off-target. Dr Trice might be a s**t-hot geologist, but doesn't know jack about directional drilling. Unfortunately. Or at least, he may do in theory, but when he's out on the rig looking at rock samples, he's not bossing the DD's at the same time.

But hey, nobody's perfect.

My (gut) feeling is that there's nothing wrong with what's going on, regarding production, and getting things more 'stable', and thus progressing the field. But yet again, there's macroeconomics, CV19, etc...

eurofil,

"Neither of you dreamers are invested though are you,"

Qui, moi? (To quote Miss Piggy)

Yup. And over four years, to an extent that would buy an entire chain of kebab-shops, not just one.

(And by the way, what's wrong with kebabs? I've just had one for supper tonight.)

Disclosure. I remain a shareholder. With one (1) share only. But which means I can buy back in (should I choose to do so) instantly, via my internet broker.

swazers,

" I want to share some of my charts but it keeps removing my links. Any ideas, please?"

Post 'em on Facebook.

Green,

"the latest Edison report from the 16th June goes into details that I've not read anywhere before.
It says "The flowing bottom hole pressure (BHP) to date has been lower than modelled pre-start up and by increasing the drawdown in the well to achieve this higher rate it is possible that the bottom hole pressure (BHP) could approach bubble point (the last reported BHP was 150psi above bubble point)."

Now, I'm no oily or geologist but how does this square with the information we've been given just prior to this? Has the bhp changed rapidly, have we been told porkies, have Edison got it wrong or is it something else? If the bhp has dropped I think it means we're screwed (ish)?"

At last ! Thank you. Back into my comfort zone of the tech stuff!

Anything I might write below (coming through pale fawn fluff) is OPINION ONLY.

That part of the RNS grabbed my attention instantly. EXCEPT... it contains a self-contradictory and seriously grave ERROR. Flowing Bottom-Hole Pressure is NOT BHP (Bottom-Hole Pressure).

It would take ages to explain the difference, so I won't. but (sorry to say), I think it's typical of the 'new BoD' trying to blind people with science of which the public has no inkling as to the meaning, and shooting themselves in the foot.

BHFP being less than anticipated comes as no surprise to me, given the water-cut from 7z. But also, from the previously-published news that both 6 & 7z seem to be preferentially producing from the 'heel sections' rather than from further along the wellbores.

Whar rather disturbs me is that with the 'new gang's' promise of 'more production at less cost', they may try 'pulling' on 6 too hard. Before the ESP's are in play, when 7z could be bought back in, and more 'experimentation' done.

Without proper data, I can't give a proper reply. But one thing I'm certain of. The RNS and the immediately-following Edison report was nothing other than a 'cover your ass' exercise by the 'new' Bod. In other words, "If we get this wrong and it all turns to ratsh*t, it's not our fault".

Which they can go tell to the Marines...

'Manager',

"doubleuk, I think your a bit of a Bobby Ewing from Dallas, you walked out the shower and it was all a dream"

No. I consider actually being in the shower, being able to walk, or even being 'me' a bit of a dream. which I still have the respective pleasures or inconveniences to enjoy (or sometimes otherwise). I don't really take life seriously.

'Manager'

(Oh yeah, it's the motor-trade, isn't it?)

"well done then you can go down the same road as him then, leave with feck all to show for years here,"

Hey ! Hold on ! Lots of mileage under my belt. and currently 'out' almost even-stevens. (OK, a very slight loss, but that's depreciation for you.) And heck, it's been fun, and maybe will be again.

Some people keep asking why I continue to post. Well that's easy. I'm an oilman (OK, maybe now an ex-oilman), but that's a way of life, not a 'job', and Hurricane remains the most interesting story for me.

And by the way, I didn't 'sell out' completely. I still own one (1) share. Which means I still have instant access to buy on my account via the internet.

'Manager511',

"adoubleuk, if your not buying back in then why be here?"

Never said a was never going to buy back in. But I will choose my time, if I do so. Meanwhile, I continue to post here because I've followed the 'Hurricane story' for over four years, have seriously invested in the past, traded, got out recently pretty close to evens (which is OK, considering the fun it's been), and most of all I like to p*** off people like yourself. Just for more fun. Just a little mean streak in me, admittedly, but as others have posted occasionally, maybe I'm not the sort of person you'd want to invite to your back-garden barbecue.

Which is absolutely no problem for me, 'cos I wouldn't accept your invitation anyway.

Really, you have to have done things like seeing a Yemeni soldier shot dead 100 yards from your rigfloor, had an AK47 pointed at you in Tripoli airport 'cos you were chewing gum during Ramadan, negotiated with pirates off the Cameroon coast, and spent twelve days with 3500 psi standpipe pressure looking at you after a 'kick' off Nigeria, to even guess where I'm coming from.

CV19 doesn't scare me, and neither do you.

Bother. Hit 'send' too soon.

The thing is, this is now (imho) a 'business-driven' company with a BoD to suit. And the share has become 'trader-driven' with no understanding whatsoever of what the company is about.

I wisah I'd listened closer to old 'Carnegie's' posts four years ago, and his paranoia about algo-driven trades. Because now, I have to laugh at the posts such as we see here about 'big buys, must mean a takeover', or 'big sells, an II is dumping their stock'. Pure effin' foolishness. Most of the trades don't mean an exchange of shares between one 'owner' to another. Just numbers being bounced around from one company's computer to another, making a commission either way, especially when a 'real' shareholder does a trade. Non-existant shares, really. Just like the money most of us have in our bank accounts. Just numbers stored in a computer's memory, but (fortunately) transferred into cash when one uses an ATM, or into a full tank of fuel at a filling-station when using a bank card.

In some ways, money doesn't exist. It's just a mental construct whereby people can exchange goods or services.

Gasman9,

" On the positive side the new board have a wealth of experience and will want this to succeed, so I’m sure the right questions must be being asked."

But I'll play devil's advocate here.

The earlier board makeup had far more experience, especially in the form of the now ex-CEO in the particular reservoirs targetted (ie Fractured Basement). The interim CEO has NONE. Sure, the ex-CEO (and founder of the company) often seemed a bit naive about the strictly 'business' stuff, but in a happy-go-lucky way which shareholders a while back rather admired. He was happier out on the rig than wearing a suit and tie.

And as for the 'right questions being asked' ?

The new crowd have said they want to increase production while reducing costs. Until an RNS is published saying exactly HOW they propose to do that, I'm not buying back in.

But likewise the ex-CFO. He's been round the block a few times. His replacement is a sort of Wallace & Grommet character who wouldn't know a rigfloor from a roundabout, and is probably more familiar with the latter.

Genghis,

Yes, but a grand and a half is peanuts. And anyway as soon as 'price sensitive' information becomes known, a company is obliged to RNS it, if they're publicly listed.

Though I guess it's up to the BoD and the NOMAD to decide what is price sensitive and what is not. At least, that's my understanding of it.