Member Info for adoubleuk

Boatnotcarryingcargo,

(And thus running at a loss)

"Where’s ABDOUK the magician anyway?"

Still here, watching you guys running around like chickens with your heads cut off. Or rather, squawking like a bunch of decapitated heads. The drilling's done, the rig's moved off, there's no EPS update, so no 'tech' for me to comment on. And the SP's what it is, so what is there for me to say? I've got enough money to bide me over Christmas and a lot further, so not selling.

"Every RNS or update by HUR must be analyzed and a judgement made at that particular time"

The same goes for every post here by someone calling himself EmptyVessel. And in my own personal judgement it's still the same rubbish, so take no notice.

HH,

Both writing at same time! :-)

MTV,

"the cut in (6) is yet to be revealed, I see no mention was made of this."

Wrong again. Here's a quote from today's RNS:

'The 6 Well is currently flowing individually at approximately 14,700 barrels of oil per day with minimal water cut. '

OK, you can start splitting hairs (maybe with your buddies in The Grill) and asking for a definition of the word 'minimal'. But be that as it may, you can't say that there wasn't a mention.

MTV,

"Think i will stay where i am and keep my powder dry fro the time being.........."

Given that it's the weekend and the stockmarket is closed, you don't have much choice, do you? Or are shares traded in The Grill?

ash666,

"Can you take a horizontal off it higher up?"

Yes. This is exactly what was done with Lancaster well (s) 7 and the subsequent 7z. Seven was drilled 'sub-vertically' and deep, to establish OWC (see company glossary!), then plugged back partially and 'sidetracked' to horizontal, giving well 7z, one of the two current producers.

WhichWay Now,

"You questioned my assertion about whether we are still in the Base Case as defined by the CPR."

Maybe I owe you a small apology, due to reading your post too quickly, and misunderstanding your reference to Base Case as defined by the CPR. (Though in my defense, you didn't put in the capital letters for Base Case!)

On a purely technical note, certain assumptions in the CPR are founded on oil OUTSIDE structural closure, not BELOW it as you wrote. But let's not get into that now.

I agree with you that for a greater understanding of things, further questions have to be answered, and more information provided. But this is in no way a criticism of the company, and certainly not a suggestion that they're 'hiding' anything. I have no doubt that more will be revealed in due course, and hopefully a further CPR containing such detail is already being compiled, to be published (again hopefully) before the CMD.

When it comes to the bottom line, there have to be limits as to how much detail can be usefully given in an RNS, without overwhelming those readers who don't understand all the technicalities.

ash666,

"What is a "Sub-vertical well"? Just another name for a horizontal?"

No, it's an 'inclined' or 'deviated' well. In Hurricane's case, and historically, most of the well is drilled vertically, with the lower part inclined to around 20 degrees.

adamk87,

"Market likes the news."

Yes. It's a good RNS. I particularly like the fact that it's now in black and white that Strathmore's being relinquished, and also (about time too) Whirlwind.

It seems like the company's now tightening its belt, flexing its shoulders, and getting down to the nitty-gritty.

: -))

dspp,

While writing my most recent message, and having posted it, I see that others have been commenting on your 'rearguard action' posts, and have reverted as well. And now I read this:

" I have already said the value will be significantly marked down on my next revision, which will take place when I have sufficient facts to do it. "

Are you proposing yourself as someone to compile the next CPR? Maybe your rates will be cheaper than RPS's.

I'm sorry, sir, but for whatever little it's worth, you've just in my view blown whatever credibility as an impartial commentator you may have previously held. If you want more data than that which is posted in RNS's, provided in presentations, etc., I suggest you apply to Hurricane for a job. Though if they gave you one, I suspect it'd mean you'd have to stop blowing your own trumpet over on LemonFool.

dspp,

The other day at a poker game I 'cracked' someone else's pair of aces with my pair of fours when a four fell on the flop, giving me a set. Naturally said player was sick as a parrot, and sulked, sitting on the sofa for half an hour looking at his smartphone, before his wife persuaded him to join back in the game. Heck, what's a hundred quid (minimum buy-in) to someone who's rolled up in a six-month old rangerover Evoque and has left the Porsche at home in the garage?

" You and many others may prefer to ignore data that doesn't suit you, but I am very keen on understanding data that puts my investment at risk."

That's understandable. What I personally fail to comprehend is why you felt the OGA production figures fitted into the category of 'risky' data, and then launched yourself on a self-publicising Quixotic crusade (possibly scaring some people in the process) attempting to make two and two make five.

Personally I rather liked the OGA data, which did nothg else but confirm my reasons for holding onto the HUR shares I hold like a Panda clutching its newborn.

You know HOW I managed to crack my opponent's aces the other day? It was because he played 'em completely wrong to start with, and then went all-in when I knew I almost certainly had him beat. So of course I called. And I think that's why he sulked, because he realised he'd just played really badly. The same happens to me. I get terribly upset if I play badly, far more so than if some fluky bit of bad luck causes me to lose.

In your 'negative hypothesis' case, though, you weren't holding aces. Just some trashy hand like Q-J offsuit, and you should never call a raise with that.

I suggest you allow some time to pass, and then return and put your technical knowledge back to work in a hopefully helpful way.

Longwait,

"They've just taken Darlington too and I can't say I am surprised."

The Stockton and Darlington Railway was built on speculative capital investment, with a lot of 'risk' involved............

And now Darlington!

Of course that's where petrolhead Jeremy Clarkson cut his journalistic teeth, even though 'poor boy fron t'north made good' he now lives just outside Chipping Norton.

Hope the pound rises on this, 'cos for me, it ain't just the fall in the HUR SP which has been hurting...

JK,

By the look of things, (watching Sky, and the Workington result has just arrived), I feel that Scottish Independence is out of the window, and your refugee possibilities diminished, no matter how well the SNP may do.

I'm sure that Boris will be able to get his buddy's advice regarding making a newer wall, a few hillsides north of the one built by Hadrian, so as not to spoil the view...

JayKay,

"Any idea when the refugee programme will start after you win the next independence vote? Signed, a depondent Englishman looking for a new home "

Neverforget that according to legend, Mary Queen of Scots had 'Calais' written on her heart...

dspp,

" I am afraid that trying to figure out what is going on subsurface from surface data is challenging at the best of times"

Yeah, but can you suggest a better way? Yes, I'm sure you can ( ;-) ), but Lancaster is open-hole 'barefoot'. So no question of 'smart completions' there, relaying realtime downhole data from below the production packer, with a possibility of switching zones or whatever.

I'm afraid I still 'challenge' your own contention that anything can be read into the OGA data (showing just five datapoints) than just the simple figures shown, for information, not interpretation.

And anyway, you still haven't come back to argue with me about the fact that the July watercut percentage was lower than June, but with an increased flowrate, and the fact that that particular datapiont is further 'beneath the line' than the September one (which you concentrate on) is above it.

PS xcuse typos, pls. written hurriedly.

SG2,

(Context, rerad your message on phone while having 'digestif' in latenight cafe, finished glass in a oner, scooted off home to reply before more samage gets done..)

"WW, AK, Captainswag (?- really?!), dspp et-al; just a noily suggestion: Could the vds-esp commissioning be realted also to the high PI/natural drawdown rates getting close to, or inducing, cavitation/buble formation at flow discontinuities ('rough bits'); i.e apply a bit of +ve pressure downstream of pump = subsea lines preserved better? "

It's rare that I'll 'jump on' noilbys' suppositions outright, but in this case (for the sake of speed and brevity) I have to. No, you're wrong. In fact completely 180 degrees offtrack.

" Just a thought, haven't done any math on it."

Don't waste your time trying to for now. (No offense intended.) If (especially in a fractured reservoir and a horizontal hole) you have any vague worries about gas / oil ratio increasing (ie approach to 'bubble point') or increased watercut, absolutely the LAST thing to do is to increase 'suck' on the well. Instead quite the opposite. You either choke it down (limiting production rate) or shut the dam thing in until things reach a new equilibrium.

Sorry, but that's just how it is. And why I've got a bit cross-threaded with Dspp for raising questions about the ESP commissioning, and raising doubts.

Must rush, to sign in to online poker game, with election results on the TV in the background.

Birling,

Interesting bit of insinuation you're putting on my comment. To the extent that I want to instantly edit and modify one bit.

"That doesn't NECESSARILY preclude involuntary slips of the tongue POSSIBLY occurring, of course. IN MY OPINION."

I'll also add a disclaimer. I have never met Mr Bernstein, and none of the BoD except one, and that was before he worked for HUR.

And anyway, NDA's and confidentiality clauses in employees' contracts notwithstanding, and if one was 'invested' to six or seven-figure sums, it would be incredibly easy to obtain 'realtime news' of operations in a place like Aberdeen fo a nominal outlay. 'Industrial espionage' isn't just a dramatic phrase used in paperback thrillers.

Northc,

" suspect Mr Bernstein as a 5% shareholder has the ability to speak to Hur company directors directly and ask the questions we would all like answers to."

Yes, past communicatins suggest that Mr B does 'actively interact with the company' which I do NOT interpret as meaning that he practices ju-jitsu with the BoD, but that they do sometimes talk. However, even if he can ask direct questions, that doesn't mean they're going to divulge confidential inside information to him before it becomes public knowledge.

That doesn't preclude involuntary slips of the tongue occurring, of course.