Member Info for adoubleuk

Jiffy,

"but it would be nice if he owned more, there is a common held belief in investing that having 'Skin in the Game' is assuring in that it puts the management on the same level of risk as you and Iand so they are seen to be striving for shared goals?"

Agreed. But it's just that, a 'commonly held belief', and to my mind a completely wrong one.

Maybe in this modern world, some children under the age of six or so believe that Father Christmas comes down the chimney and fills their sock hung on the end of the bed with presents. I sincerely hope so at least, and that their parents continue to foster such ideas. Until reality begins to kick in, and that's always a bummer, on both sides.

Sure, I'm happy (very happy) that most of Hurricane's BoD hold lots of shares. But also, happy that the CFO doesn't. Because to me that means that the company's 'worth' is being bolstered by the people doing the operational stuff, and not being hyped by bean-counters.

This is another reason I stick to my Hurricane shares like glue. It's almost like a throwback to a past time. A CEO who is a geologist, operations being engineering -dictated no matter what the cost, and news appearing on results, not wishful thinking. Isambard Kingdom Brunel sort of ground-breaking stuff.

Just look at the pictures. The CEO is happier (or more comfortable) giving a 'thumbs-up' wearing coveralls and a hardhat in front of a flare than in front of a camera doing an interview.

Good enough for me.

If the ship for some reason goes down, maybe I'll be lost as well, maybe I'll find a lifeboat and survive. But I won't be worrying about the fate of the Pursor. But if we reach the other side on the ship. as hoped, he'll probably be amply rewarded, even if he didn't do such chores qs checking the passengers' lifejackets during the voyage, and so on.

Jiffybag,

Jaayz.

Missed out on that one.

"A spokeswoman for Spirit said that intention had not changed and that the company still planned to “move towards” becoming operator.'

Plus the link you posted.

All good stuff. Thanks.

Spirit IS for sale. Roll up, roll up...

JiffyBag,

"Mr Stobie does hold shares in HUR albeit 4,632"

A rather 'nominal sum' though, isn't it?

Nope, doesn't bother me at all. AS has (in his role as CFO) seen this company through thick and thin so far, so I've no complaints. Why should he buy shares, when maybe instead he wants to use his salary to buy physical gold or something like that? Which is a far more certain 'bet'.

As said, I rather like it when the CFO has no significant 'vested interest'. It means he can do his work in an objective and impartial way.

"Perhaps he should apologize combatants or at least pay the tribute to all victims."

Dammit! And I missed the original exchange, seemingly now deleted!

JayKay and Genghis having a falling-out? To the extent of a 'deleted thread'? Wish I'd seen it.

Cool yer guns, folks. Just because the room's infested with vermin right now isn't a reason for reaching for our guns and shooting the wrong people...

https://www.youtube.com/watch?v=ScEku-GyQZc&list=RDScEku-GyQZc&start_radio=1&t=0

Bocose,

I admire your very objective post, especially as it only seems to be your second, so you appear to have put some thought into the matter.

However, there are three of your points which struck me as particularly important.

"6. Crystal Amber. I don't think this can be overstated. When that number of shares are being sold in the market, what chance has the share price got."

Agree completely. Bernstein of CA doesn't give a dam about Hurricane Energy, it's operations, its future, nor whatever. He's interested in his own company, its (his) own profits, and that's about all. I'm prepared to believe (maybe) That CA's divestment of some of their HUR holding may have been to help finance their increase in DeLaRue, but not entirely. Because CA 'topping up' in DeLaRue strikes me as utter madness, the sort of thing a complete neophyte PI might do in a snake-oil outfit. DeLaRue has LOST that all-important passport-printing contract, and that's it.

CA must be watched by all serious HUR holders. But if they 'dump' further, it'll indicate a possible new 'farm-in ' time at low prices.

"7. Yes Mr. Stobie. Put your hand in your pocket and show that you have faith in the company."

This is something I continue to disagree with. Mr Alistair Stobie (who I have met, in a few circumstances nothing to do with HUR, in deepest Africa) is a very sharp cookie, and an unusual beast. A 'jobbing' CFO, with a lot of companies under his belt, some held at the same time, with a very good understanding of the operational side. Rock-solid. He garners a good salary for doing what he does, and (I think) has a very good appreciation of any possible 'conflict of interest' accusations which might be held against him if he were seen to hype things (as a shareholder) to his own benefit as such, should things go operationally wrong.

'Director buys' are not always a good thing. Cf SOU, cf (more recently) RBD.

"8. The language of the RNS was at best meek. If you have a product you want to sell then damn well sell it. Hopefully Dr. T. will be a bit more effusive with the good news next time."

Yes. But I don't think Dr T and Hurricane are in the 'selling' business. The figures will speak for themselves. The word 'monetize' does not equal 'sell at the best price, now!) Hurricane is just quietly producing oil and selling that (already about 17% of Tullow's projected worldwide output) and at considerably less expense, and no debt.

MTV,

"Holders are clutching at straws for answers, or even a notion as to why its plunging to near historical depths."

Wrong (as usual) again.

You really know nothing about this company (and its SP), do you?

Take your brown nose out of the 'intraday' chart and take a look at the history since IPO. Enough to make you seasick, isn't it? But surely an interesting ride. Especially for those who jumped ship at certain times because the latest port seemed a nice place to pass some time, and then caught up with the vessel (no luxury cruise-ship) to rejoin the voyage.

( Btw, I mean absolutely no offense to someone who likes cruise-ships, who might be reading this BB, and is on dry land at the moment.)

DC,

"wellwell

And whose finger is on the trigger?"

(In reference to Wellwell's comment that the MT Vessel may be a 'weapon'.)

Yes, but so can a rock picked up from the ground be used as a weapon. Or a roofing-tile.. EV is on that level. Nothing so sophisticated as a firearm.

lezzils,

Yes, there will be a happy ending. When people like you and your ilk stop posting poisonous codswallop here.

Corral-Part,

"Absolutely my own decision. I have my reasons for sitting this out. Wish everybody still holding all the best."

Quite agree. And thanks for your best wishes.

I think there are a couple or three elephants in the room which people like to avoid noticing, or mentioning.

The SP is 'posted' as that of the latest 'Automatic Trade' (AT). Now this is usually taken to be 'bot trading', algorithms doing their thing, but it isn't, always. When I've traded a share, I always do so in weird, easily-recognised numbers. And I've had 'em show up as 'AT', 'OT', and one time as a 'UT'!

The thing being, once I've put in a buy or sell order, via internet and via my bank (Credit Agricole), I haven't a clue where it goes next, nor through whose hands. And don't care, really. So long as it gets executed. But the thing is, even a small PI order CAN affect the SP, if it passes through the hands of someone who can book it as 'AT'.

I do actually believe that movements in one stock can affect others, because of their 'ownership base', and that the PI market's pockets aren't bottomless.

So back to the elephants. We've had SXX, JOG, ECO, now TLW. People have lost money. Unlikely to be buying more shares quickly. We've got a UK election in a few days, upon the result of which will revolve a Brexit decision. And to crown it all, Christmas is coming, and people often like to have some cash around for that to ensure they can buy a fat goose, and not a scrawny one. So may possibly be pillaging their savings ( such as 'risky stocks') to ensure a merry yuletide.

Maybe simplistic, but not impossible.

Wulbert,

"What happened to SIPPn00b?"

But where've you been this while? Welcome back.

"next stop >>dexrose>>benzodiazepines>>buprenorphine (early days....)"

As regards getting to sleep nicely, I'd recommend doxylamine. Over-the-counter here in France, probably kept under lock and key in the UK. Marketed under different brand names. Non-addictive, no known 'bad reactions' seen, overdose unknown, as well. Reading about the research on the internet is interesting, because although it has 'calming' effects, nobody seems to have discovered why. Which to my (crazy mind) is why they put things in the 'notice' regarding usage, not to take more than suggested, nor for an extended period. Hasn't killed me yet.

Bartlebobton,

" A greater risk of cardiovascular disease, life expectancy shortened, fatigue, diabetes..."

Thanks, doc. But (a) no worries about cardiovascular disease: any halfway-trained first-aider knows to to in the case of someone collapsing is to remove any restrictive jewellery like a wristwatch. Under the band of mine is the only tattoo I have, which says ' Do NOT Ressucitate' in French and English. 'Life expectancy'? Don't have one. Consider it a freakish miracle I'm still alive now.

"... plus the whole family social side, take your pick."

There's no family or 'social' considerations out on an oilrig in the jungle at five in the morning, standing on the cement-pumping unit, and wondering how high you can safely raise the pressure to get a 5-year old (and recalcitrant) 'stage-collar' to open before the first stage sets up... Nobody to replace you, phoning base won't help. A few million bucks' operational expense potentially in the balance. Some things just have to be done.

" I'd suggest you're probably close to being brain dead after being awake for 36 hours"

Not far off it.

' and quite likely a liability...."

To anyone daft enough to try waking one early when one's finally got to bed after stints like that!

Mind you, I've spent parts of my life working 'office hours', and also the truckracing weekends oblige me to be awake early, so I no longer party in the paddock as much as I was able to a few years ago. But adapting according to the situation just comes.

bartlebobton,

"....you're pushing against millions of years of evolution..."

Why not? Looking around, I don't see much evidence that Homo Sapiens has 'evolved' very much. Just invented some nifty things to make life more comfortable. (And some other things which have had quite the opposite effect.)

"and your circadian ticktock"

Chucked that old contraption out of the window years ago. Had to. Working 'shifts' on oilrigs isn't easy. Later on, further up the ladder but with far more responsibilities, 36 hour spells with no sleep, although uncommon, were far from unknown. PLus 'serious' caving as a hobby. You can't be 500m down a pothole in the Pyrenees, way to hell and gone, with an ambient temperature of 4 degrees, and expect a comfortable eight hours' sleep on a trip you know is going to exceed 24 hours even if you're all moving at top speed.

It's no problem playing twelve hours' poker and going to bed at five. Just so long as nobody expects you to be out of bed before midday, or for you to rush breakfast...

Wellwell,

"I think a few of us have had some trouble sleeping lately."

Not me! It's waking up (especially if I have to do so early to attend to some preplanned commitment or other) that can sometimes be difficult! Don't let the timestamps of my posts (to which you have to add an hour) make you think I'm tossing and turning and can't sleep for thinking about my HUR shares. Which I rarely think about anyway, before turning in. There are more important things to ponder. Writing at 04:00 or so simply means I haven't gone to bed yet. It's one reason I don't like winter, and why I take a vitamin D supplement. Don't see much daylight at times.

daltry,

"A2UK - Yes really. Friday he goes. Not the whole company! Just him. No problems, why not? He deserves it."

OK, I'll take your word for it, given that you've got some 'connections' in that respect. And as you say, he deserves it. Probably the first 'real' holiday he's taken in ages.

" I'm sure you know him better......."

To my chagrin, I am yet to even met the man. Though I'd like to, one day.

MTV,

"Looks as if your hurting pretty bad there old yin’ kick back and relax!"

Nope, not hurting. And probably more 'relaxed' than a lot of other people posting here. It's a bad habit of mine.

"No point in blaming others because your in too deep here, your a big boy now!"

I'm not blaming anyone for the amount I have invested in HUR. And what makes you think I'm 'in too deep'?

"Give us a nice wee poker story to make us all feel better ...."

If you insist. In one hand yesterday (a small-stakes private game between ten friends) I (on the button) called a moderate raise pre-flop. Small blind also called, big blind and a 'limper' folded.

Flop: 9-4-K. Small blind opened, for one-third the pot. Initial raiser went all-in to the extent of 150 euros or so. Which I immediately called. Small blind folded.

Turn and river were 'rags'. The raiser turned over his cards, which I knew were the aces, or A-K. At which point I showed my a pair of fours in hand. And raked in a lot of chips. I love 'small pairs' when they hit!

Feeling better now?

daltry,

"Dr. T is very soon to depart on hols for Christmas"

Really? Somehow Dr T doesn't strike me as someone who 'departs on hols' very much, especially over Christmas! And somehow, even if he does, it won't be to go skiing, nor anything like that. Not his style, if I've read the man right. Sure, some people at the Lower Eashing and Aberdeen offices may take a break for a few days, but nothing'll completely shut down. Oil companies don't work like that.

* 'QWC' , APSO'....*

Pardon typos pls. Still a bit tired from playing cards for ten hours yesterday (and winning).

SG2,

" I didn't, and still don't, see why holders sold on that( aquifer- sourced H2O) concern"

And I don't believe that many genuine 'holders' are actually 'concerned' by that old canard. But it's a good scaremongering story kept alive by traders who can profit by spreading unwarranted fear.

We mustn't forget that the 7 'pilot hole' well intersected the QWC, so the company will know what the water the aquifer holds is made up of. And almost certainly, it will have a different 'signature' from perched water currently produced. And lab tests will be done on a daily basis on all fluids coming from the wells, with samples almost certainly being sent to town on a regular basis, maybe weekly, for further tests and verifications. Such tests will be how Dr T in presentations can categorically state that the water is from a 'perched' supply, and not from the aquifer.

Unless he's telling barefaced lies, but I don't believe that for an instant. Hurricane is not known for hiding problems or doubts (cf Halifax 'gunge', the APSO 'rope saga', etc.) so if there was uncertainty regarding the source of the water-cut, I think they'd have let that be known.

Some posters here attended Dr T's presentation at the RGS, recently, and I'm sure that the water-cut got a mention. Were angry voices raised by incredulous geologists when the water zone's perched nature was mentioned? Did people walk out in a huff? Were fisticuffs exchanged? I wasn't there, so don't know, but I doubt it, because we'd have heard about it by now.

What an interesting day. Not good what's happening to the SP here, but nevertheless it's nothing compared to the train wreck over at TLW, which goes, I think, to disprove one thing that certain people have been claiming here. That a move to a main market would somehow 'protect' shareholders from wild price changes. Sure, a main market listing for HUR might dampen AIM-induced daily volatility and oscillations, but nothing much more than that. Which is why I believe the BoD were correct in not prioretising an upmarket move which would doubtless take up a lot of time and money when there are other things to concentrate on.

Today also sees a continuation of posts here from some people who I am convinced are merely trying to encourage fear and nervousness. There's the old traders' adage, 'Buy on rumour, sell on news'. But these people seem insistent that we should be selling on the basis of a negative rumour of their own making which they're trying to 'push' as hard as possible.

Funny old world.