Member Info for adoubleuk

Jockbob11.

"Heard from very reliable source that Aoka is bursting at the seams with black gold. There is limited flights, supply boats etc to the vessel at present & no weather window identified as yet."

Thanks for your post. Without intending to in any way 'reduce' from it, others here who 'shipwatch' have already deduced that. This is 'testing time' for a whole lot of the actual offshore infrastructure and logistics, which also has interesting downhole 'impacts' if production has to be throttled-back. Which could also have a positive side in terms of data-acquirement in reservoir-response terms.

Wellwell,

A quote from your last post:

" Let’s just hope DrT knows what he’s doing."

If that ain't one of the most supercilious things I've read for a long time, I don't know what is. Personally I feel pretty sure that Dr T knows what he's doing, the difficult thing is waiting 'til the CMD and for him to tell us exactly what it is!

I am still angered by the Transocean / EnergyVoice 'leak' about the upcoming rig utilisation plan, but the fact that Hurricane hasn't released an RNS instantly refuting any of it speaks volumes, in my opinion. So instead of being angry, which serves no purpose and often leads to health disorders, I've instead started to giggle a bit. Because there's certainly a funny side to the story.

If Hurricane go ahead and P&A Lincoln, it's almost certainly due to some real arcane licensing reasons which I hope will be explained at greater length sometime, maybe at the CMD. But really, you've got to laugh. P&A a 9000 bbl /day well? It's a bit like taking an Aston Martin for a test drive and then running it through a baling machine: you don't want it because it's not 'new' any more! Plenty more where that one came from... It's almost as if Hurricane is 'daring' someone to come and start a bidding war.

Albi1,

" This is a long term hold and to start posting on here with titles such as 'Talking of dogs', frankly is disappointing Wellwell. I would have expected more from the tenor of your posts over the years."

Seconded. Shoddy work, Wellwell. Go stand at the back of the class.

JB,

"Agree, sorry about my post , but we need to know what the 2020 strategy is going to be in full. "

No, no reason to say 'sorry'. No way I'm going to shoot the messenger!

It's now 'calm time'.

But I'm sure as hell going to go investigating why LC's going to be P&A'd, even if a few days ago I wrote a post saying how that might be justified.

Now I'll be wanting to check if my reasoning was correct.

JB (and others),

No, suddenly re-read that link. It was f**in Transocean who released the news to EnergyVoice, the Swiss-based moth****ckers.

I hope Hurricane's got some good lawyers on the case right now.

Middle of the night, writing all sorts of things, and pow! This.

Remember Deepwater Horizon.

JiffyBag,

Thanks for the link.

And now, unfortunately, I fear the SP will drop further, and it's incumbent upon the company to issue an RNS pdq to give an outline of the rig use and drilling campaign.

That 'EnergyVoice' has got this 'scoop' (no doubt via the Aberdeen office) before Godalming did it via RNS is disappointing.

I hope that the RNS will explain further why LC will be P&A'd instead of remaining suspended in greater detail, and not just 'according to regulations' .

F**k the CMD. If that 'leak' is to be believed, for the first time since being a shareholder here I'm annoyed, and expect some clearer explanations.

JiffyBag,

Wrt Your SXX investment.

My Commiserations.

You give a reasonable explanation for the traincrash the whole thing's become.

But your post just illustrates the point I was trying to make in my own earlier one.

I have a real suspicion that the SXX debacle has been deliberately manipulated as a way to discredit HUR.

JiffyBag,

"Re: 'The relationship with the OGA is either dire, or being misrepresented.'

Please elaborate/expand."

I believe it to be entirely misrepresented, and used us a 'weapon' by the cabal trying to 'bring down' Hurricane Energy. (Because really, without wishing to sound conspiracy-theorist, that's what I see. A deliberate attempt to disenfranchise the company of which I'm a shareholder.)

OGA and HUR have obviously so far had a very close relationship. And it is part of OGA's mandate to be proactive in encouraging UK oil-related projects.

The cast-iron proof of this is the surprise, 'out-of-round' allowance of acquisition to Hurricane of all the NE sector all the way up to Halifax, a couple of years ago.

We have absolutely no reason to believe that such a situation has changed. People (negative) have jumped on the fact that the company has stated that Lincoln Crestal may have to be P&A unless OGA allows an 'extension' to the well remaining suspended as is. However, nothing has indicated that such an extension won't be granted. In fact, a few nights ago in another post on roughly the same subject, I wrote that I thought it would be 'criminal' for that not to be done.

Afterwards, on re-reading my post, I thought I'd overstepped the mark. But now, maybe not.

If LC gets P&A'd, yes, it will mean that there's been something 'dire' that's happened in the HUR / OGA relationship, possibly relating to Spirit, but also political, but equally maybe relating to Shell and BP who've 'coralled' all the licences around Rona Ridge that don't belong to Hurricane.

If that happens, there may be some money in it for me! By putting my 'investigative journalism' hat back on.

But no, I reckon all's OK.

LW,

Writing at the same time again!

"I don't agree with EVERYTHING you write; I meant I agree with everything you wrote in that post of yours."

(Assuming the one to To JoeSoap. Yeah. Understood.)

"But I am in a mental institution of a sort - the one known as AIM, with (some) delusional posters and attending scribblers and crazy prices."

Hence my trip to Marrakesh in three weeks' time and playing poker 14 hours a day. Hope to make some money to bide me through these misinformational times on AIM and regarding HUR! At least there and in that context I can become misinformational and profit from it with a clear conscience, because that's how the thing works. But it's shameful that a London-based stockmarket allows such behaviour.

:-))

PS

Longwait,

We were obviously writing at the same time! I wonder wherJiffyBag (usually on the 'nightshift' has gone to?

Longwait,

"I agree with everything you write, Double. "

In that case I advise you to call 999 and get yourself booked into a mental home straight away.

Longwait,

"'the wavering around of the SP at current levels makes me thing of 'bottom-feeders' really scraping the barrel, and desperate.'
Can you please elaborate, Double?"

OK, why not? But please accept that these are just late-night rambling musings, and shouldn't be taken as anything more than that.

I feel a tipping point for this SP decline was the Kerogen sell. And 'the market' (or rather, their media) leaped on that as a negative sign, end henceforth have exploited it to the utmost extent. Myself , though, I saw it as an obvious move by Kerogen to get almost into a 'freeride' position.

However, it released a significant wodge of shares into a part of the aquarium inhabited by sharks and other nasties. Who have gone into a feeding-frenzy, with PI's as the easiest prey. Circumstances (SXX being just one of them, Greta, and now the Chinese 'flu being the latest one) helping things for them.

In another of your earlier posts, LW, you flattered my by saying I knew more about 'shorting' than yourself. And I don't think that's the case. But I do know that 'shorting' (in whatever form) is essentially share-trading 'on tick'. There are one or two or three ways of doing that, but either way it means that one can 'walk' the share-price whichever way one wants, using the shares one has as 'security', or even shares borrowed from someone else. Just so long as one's credit remains good with the broker, the scam works.

To the detriment of the actual PI of course, who was 'banking' on the investment in a viable company, but sees his money going south.

Now on AIM, how many of us haven't bought into something we thought was the best thing since sliced bread and has turned out otherwise? But the hype has continued, the BoD have continued high on the hog, and we've lost money? Hands up!

I have, in the past, don't mind admitting it. Hence my agreement with that 'robone' character about never walking into a casino with more money than you can afford to lose.

But things are a little bit queer here, with this HUR thing. In a casino, if you play the slot-machines, in the longterm you'll lose 14% guaranteed, or maybe everything. But won't mind if you've had 'fun'. But HUR is no game of chance. Yet there are some people trying to tell us it is. And that instead of wasting our money on that, we'd be better off in their massage-parlour.

This share is no longer 'volatile'. Just bumping along the bottom. 15p? 16p? 20p? Big deal. It'll go back up 50p+ sometime soon, no sweat.

dryland,

"As for a chip and a chair i am with you on that...that's my mantra too...played a few games over the years but few and far between now and only online."

Ah, someone who understands! And you wouldn't believe who else who posts on this BB also does, but I'm mentioning no names!

Cap't Swag,

"the thing is that if the CMD works out well it would be stupid to sell. "

As I've said in earlier posts, I don't believe there are many 'genuine' PI's now involved in the buying and selling. Unless they're desperate. What we're seeing now is just 'the market' j*cking itself off.

(Good evidence for this being the number of newbies infesting this once interesting BB.)

I'm very interested by the quietness of CA. Also Kerogen. Together, they could move in suddenly and skyrocket this once more back to where it should be, and wipe out the bottom-feeders. If not them, someone else.

JoeSoap,

Your message is disingenuous and misleading.

"Whereas HUR could not get the farm-in/buy-out anticipated; and the mega return became diluted by the fund raising."

It has already obtained a farm-in, with Spirit on GWA. The fundraising was utterly necessary to finance the FPSO and subsequent EPS (currently going great guns, so we're led to believe), and without which nothing would be 'marketable' to a bigger partner.

"Then the billions of barrels started to reduce. Tempest/Typhoon were trimmed and pruned, then ceded.
Then Strathmore was written down and surrendered."

The 'billions of barrels' subsist. The 'fields you quote were peanuts.

"Then Whirlwind."

Recently. But Whirlwind has always been something of a 'weirdo'. "Gassy', oil quality unresolved, deeper water. Personally I'm happy it's been relinquished, 'cos it doesn't quite fit the core strategy.

" HUR SP collapse is 'unexplained'."

Or rather, as per RNS, there are no material 'commercial, production, or subsurface' explanations.

"So the potential Resources to HUR are much diminished, and the road to Reserves is slow, with both dangerous bends and dense fog."

I would like to know how you reach such a conclusion, given the upcoming drilling campaign, the company's stated committment to 'debottlenecking' the FPSO including tie-in to WOSP, and so on. Regarding the letter, tie-in will be simple. Unlike making a completely new tunnel under the Yorkshire moors...

"Let the love-in continue."

Doubt if anyone's on Exstasy here! But respect, an occasional glass of whisky and a zen attitude to things certainly help.

Heck, I'm more or less getting on my last legs financially, but hope that the realisation of an asset will bring me some cash money within the week, and when it does I'm certainly going to 'top-up' here again.

dryland,

"I have no problem with people posting alternative views if it is backed up and certainly over the years i have saved a few quid by listening to them. However the lickspittles that have been rampant on here do not fall into this category."

YES. Big 10-4.

Myself, I initially invested in HUR based purely on technical basis, and it remains that way. And along the road, I've seen things come to fruition, technically. The success of the '7-well' campaign and others, the FPSO installation (that was a long story), a so-far successful EPS result 'exceeding expectations' per the company, and so on.

So just because I'm showing a 'paper loss' so far, why on earth should I sell? I've still 'got a chip and a chair', so have no reason to believe I'll end up (when?) a loser.

None of the 'negatives' are supported by any tangible facts. Simply innuendo.

robone,

"I can only advise readers to don't follow 'the gambler' as they may loos more than they can actually afford.;o),"

Me too. That's very good advice.

Albi1,

"Dear all,
Due to incessant and ridiculous posting you are all cordially invited to take a holiday of your choice until CMD - 25 March 2020."

That's a good thought. However, I'm not sure quite to whom it was addressed. Because some of the 'regulars' on this BB have already stopped being 'incessant', and the few things they do post aren't ridiculous in general. ( Though in my own case, and to be modest, let's say no more ridiculous than I can sometimes be!)

Of course 'we' are now being inundated with a number of incessant and ridiculous posters, but I doubt they can afford a holiday.

In fact, I had the same idea a couple of weeks ago, after peeking at this site and seeing so much rubbish being posted. (Including some of my own, and realising it was time for a break.) So promptly booked myself a flight and a hotel in sunnier climes. The weather had something to do with it, as well.

So I'll be taking a 'working holiday' playing poker in Marrakesh during a big tournament week there. But back before the 25th March and the CMD, 'cos although my hotel has good wifi, it might not be as fast as at home.

Btw, just to cheer everyone up...

https://www.youtube.com/watch?v=_1byW9-xNBU&list=RD_1byW9-xNBU&start_radio=1&t=4

robone,

I don't know who your post was aimed at, because I haven't been following your 'spat'. But it made me laugh out loud.

"Am I on your filter or not???? or you just suits your own agenda..... clearly it doesn't add up what you just wrote!!!, ;o),"

If the person's 'filtered' you, how come they replied to one of your posts?

I advise you never to take up the game of poker.

There's something I can't help wondering about, for a while now. And assorted media articles reinforce my wondering.

Despite living in France, I subscribe to the 'Times' online, just to vaguely keep track with UK things. And yet again today, there was an article in the business section about that AIM-listed disaster - area Sirius, aka SXX.

Now as anyone whose brain contains more thinking-matter than a BigMac, comparing HUR to SXX is like making a comparison between a Lockheed F115 and a wasp. Sure they both fly, in the same way that both HUR and SXX are both involved with getting something out of the ground, but there the comparison ends.

What interested me in today's 'Times' article was a figure they gave about the number of SXX 'retail investors' there are supposed to be who are going to either have to take a hefty loss, or maybe lose everything. They quote 85,000. This surprised me, and no doubt that large number no doubt no longer includes spread-bettors who can't be properly called 'retail investors', and have already been wiped-out.

I suspect there must be qute a number of domestic arguments going on amongst those 85,000, along the lines of where hubby has put the household money into, how is the mortgage now going to be paid, especially now the house has also suffered flood-damage?

Because there's just one common factor. The sort of people who might have invested in SXX as 'PI's' are very likely to be the same sort of people who may have invested in HUR, and are now feeling the pinch.

SXX is now effectively 'in collapse', one way or another. People have lost money.

HUR is not, however 'in collapse'. In fact, quite the opposite. But yet there are a slew of people trying to try to convince the HUR PI community via BB's and websites which bona-fide institutions don't waste their time watching that that is the case.

I'm not saying that this is 'the bottom' in SP terms, but the wavering around of the SP at current levels makes me thing of 'bottom-feeders' really scraping the barrel, and desperate.

I've only started this thread because it's an instinctive thing which has been bugging me, and it'd be interesting to see some other peoples' views. It's almost a 'socialogical' thing rather than 'financial'. Because I'm sure that the number of people prepared to put their money into tech AIM shares is finite and limited, and I think that we're seeing a knockon effect from another company which if not gone bust (and their investors likewise) is grabbing at a straw.

Badmouthing HUR being one of those straws.