Member Info for BellNippleBear

Ric, Spot on -
Biffa , look at it another way then , if the contractors ( BW and DDW ) get the FPSO " fixed " on budget and on time , and the peeps at TNip / petrofac complete completed the clever shile subsea , on budget and on time then any incentives will be realised imo .
What then happens if there is a weather delay for a couple of months , this may be something that BW have accepted in relation to any incentives but unlikely , imo any delay out-with the contractors control will be a Hurricane cost ,and a contingency to cover this will be , or should be in place . - SOOOOOOOOOOO , if there is no such delay then the contingency is available . If you are right and there is no contingency , and there is a delay then lets hope that Mr Stobbie has a big sofa to look down ……………..

Extrader, I remember DANA well , I remember Tom digging his heels in and refusing the first bid from the Koreans , but a lot of that was posturing and Tom was also offered a position in the new set up but declined . Tom took a couple of days off and then set up his new Company within a week of the TO going through . IMO that was a fair offer that shareholders eventually received . I would welcome the Koreans , Chinese , even the French if they want to get involved but think that this will be a consortium led by BP , Shell , Chevron or Statoil - possibly a few others .

50 % - ???? , 10 % will put a hole in the ground !!!!!!!

Ric , The BoD have , or should have already taken steps to ensure that they have a good defence document and plan to bat away any low offer or any action by any desperate or disruptive party or consortium . I do not think any action would now succeed as the / their chance has long gone IMO .
Peeps on here that attended the AGM and spoke to certain cornerstone investors who should be "in the "know" indicate that the BoD may estimate recoverable resource to be multiples of what the CPR says , and I do not doubt that . This and other information and projections released correctly would alone gain support and the required backing to support the boards guidance on any bid.

EXman - the majors can pounce s much as they want from as high as they like -but it will be down to the shareholder ,if they want to sell or not - I do not see any hostile takeover happening on this one although I guess some of the IIs , and maybe PI's may decide to support a earlier takeover no matter what the BOD recommends .

If you believe that Hurricane are Funded to First Oil , and you believe that First Oil may be March 2019 - then if they achieve first oil in 2018 as some say , then that would mean that there would be a lot of money/contingency still in the pot , possibly enough to fund at least part or most of a $40million drill?? before any of the oil revenue ( 90 days x ?peeps wages , 90 days standby vessel or berthing fees , supply boat fees , fuel , flights etc , etc . Unless Hurricane factored in First Oil 2018 and budgeted accordingly in which case FOil March 2019 would cause a few problems for Mr Stobbie .

ifonly , if you believe that and you could be correct - then what is a couple of pence - get out now before the oil price drops to $30 - invest your hard earned in Nanodog or UKOGdog - as neither are likely to be producing oil for different reasons , so the POO will be irrelevant...……………………...

Soley, no change really for Farn - The new set up will still provide the platform for Farns Clevegen Drugs was agreed a couple of weeks back IMO.

Pauloinson , when you read the article that said buy high sell low , perhaps you were reading it upside down , or you need to rethink your trading strategy .
As I posted at the time , I sold this share last Friday and although the sp has dropped since then I remain out for the time being at least . but I still maintain that this has huge potential and will move fast as soon as positive news is announced , so I am rather selfishly hoping that news doesn't drop until next week . Tuesday would be nice as I hope to buy back in on Monday .
Nig

ifonly ………. "sp down again" - was that meant for this board or was it supposed to be on the NANOdog share board where the sp is taking a bit of a hit as predicted …. the usual P&D suspect are out in force speculating about future Apple contracts etc …. , at least it may keep them away from bashing this genuine share for a day or so . imo

pijoe2112 , correct ukog are morons with sfa understanding - but the peeps on Nano ( Nano dog ) should really know better . worth checking out . imo P&D across there big time , running out of cash , pretending they have a big deal with Apple - you canny make it up . lol

Ifonly1 …. I may pop over to ukog, nuog and Nano-dog , and counteract some of the unscrupulous ramping posts on those P&D shares , maybe later on this week if I have a few hours spare .

I agree with ricfle that any Major/Consortium will want the whole shooting match and it will be cash and shares returned to the shareholders - or it may be only shares - BP could issue another 750million shares to cover the buyout and justify this by banking another 2.5 billion barrels of oil .
Any asset sale involving substantial $s would surely incur a special Divi to all shareholders .
A full buyout of Hurricane does not mean that Dr T and team cannot go chasing more underwater hills - have a look at how Echo came into fruition .
imo

WellWell , if you want a real dog of a share to get your teeth into, have a look at ukog or NANO , both jam tomorrow and news to keep the faithful interested , both release part of the story and get PIs to invent the rest , and both have a following of believers who cannot see the woods for the trees and will go down with the ship defending the share to the end . imo

adouble - I do not really understand your post or resentment towards RB - has Mr B not already done very well out of Hurricane and it could be said vice versa .<br />If one believes that in some way Mr B has some peeps trying to gain influence or credibility on here, who in turn could foster support for some future AGM/GM motion , then that opportunity is wellwell gone . doubtful but possible and business is business . and without checking , the Hurricane board may have a similar outfit ready to counteract and support the alternative - we just do not know for certain either way .

Wellwell , I will crack a stubby to that pal .

WellWell , without coming across as pedantic , your argument and posts seem somewhat finagale and contradict themselves somewhat - "we are not flooding the market as such but potentially we might incrementally" ………..- I still do no see how this can be the case unless you agree that we could be producing in excesses of 250mmbd , although in reality , probably a lot more would be needed to impact the POO in such a way is it would be detrimental to any buyer…….. but if, and it is a big big IF that were the case then the £3 or £5 p/s looks like a steal , no matter how much discount you apply...……..

and then you follow with "it probably matters not but any decline in barrel price will be offset by the OIP , I am assuming that you mean assumed bp of reserves , right, and not POO, .........…..... so again my thinking is that if Hurricanes fields can produce enough to negatively effect the POO, and in turn the PPB attributed to ROIP , then we must be talking several multiple millions barrels of ROIP , and for any purchaser to be concerned about it s effect on the OP , incrementally or not , then they must look at it as banked PUD reserves - so several $ per barrel minimum and more ( low teens ) for the PD captured by the EPS on Lanc .

Thanks for your previous replies and communication Wellwell , but some come across as non-sequiur or having a rather byzantine undertone if you may excuse me saying so ---- They are thought provoking which is appreciated - but tend to focus on only the negatives , improbable and at times implausible which in some ways could cast doubt to some investing peeps , like myself , who may be at time naive or may not have a full grasp of the industry ( despite the misnomer ) which may result in a potentially huge upside if MR T and the A team continue to get it right..

Must scoot now - time for a few stubbys and a chill .

wellwell , that is more positive , I am glad you think a million or 2 a day is possible but I think you are a bit optimistic now - I do not understand how one time you say that you guide just over £1 and then you say we could flood the oil market .

hurricane production will not flood the market , and no where near , and I know you will say that that is not what you mean .but if and I wont we do produce a million a day ( and we will not ) then not getting the full value will be the last of our worry .

wizard may it be the Yenicay V tug ????????????????????????????????????????????????????????

west of the shets - not NS