Member Info for bransonbull

Pls post link

No link, but i posted Ggh's summary earlier today.

Slift - what do you think of the Hannam note?

ghhghh14 Sep '20 - 12:59 - 19005 of 19010 LSE
Hannam Note now out fwiw
Risked Nav 10p
Significant contribution to current production from sandstones
c. 30% of the 58 m barrel C2 could be accessed via water injection.
12K bopd 2021
Expect over 10K H2 2021 even if bubble point!

Where is link?

i'd take 10p, but what about unrisked ?

You admitted you are a non-holder....but listened in to the presentations...i wonder why.

As for CBs trading at half face value, bonds of many oilers are trading at less than half price!

Happy is short...fair enough, but as for "being wound up sooner rather than later", what nonsense. We are producing 15ks a day....and unlike several oil peers, we don't have a going concern statement for either 2020 or 2021...so there is time to put in place mitigation measures, hence the promise to announce these pre-xmas.

I really enjoyed the perched water cartoon animation in the CMD. How can Trice claim it was perched if it was acquifer???? Criminal

I'd persuade Kerogen and CA to fund another producer and forget about water injection...through a placing.

I do wonder if RNS before xmas on remediation measures and forward plan will be more positive than the shocker RNS of Fri?

Hi Slift. Knew I hadn't gone mad....

"In August, the P6 well averaged 12,826 barrels of oil per day, with an average water cut of 15%. P7Z well has been shut-in since early August".

So is the 18% upon restart after maintenance? They seem to have contradicted themselves

I double checked. Sorry Slift, you are right 18% . I could've sworn I saw 15% mentioned too...maybe in the transcript

Thanks Slift. However, there seems to be contradictory info in the RNS. It clearly says 15% for well 6 somewhere. Also in the transcript I posted this am

Yes, I posted it earlier today. It includes q and a

Richard Chaffe CFO on the water injector:

"So the reserves at the moment are just working off the existing wells that we have. If you put in the water injector, then what you do is you actually extend the life of those wells. So you start – you increase your reserves and, in fact, we move some of those 2C numbers to reserves, purely by putting in the water injector alone.

So that increases your reserves significantly. So one piece of infrastructure does that. And then, subsequent to that, that then clearly gives you a stable base for which then to consider additional producer or producers as is required as we see how the field develops at that point.

So effectively, it’s a staged process. So it doesn’t need to all happen at once. But we do believe that first and the most appropriate step based on our work so far would be to put the water injector in".

Anyone have a clue how.much additional production and longevity the water injector would buy? How much bang for 75 million usd? This is a crucial question..

Https://seekingalpha.com/article/4373891-hurricane-energy-plc-hrcxf-ceo-beverley-smith-on-q2-2020-results-earnings-call-transcript

Dreadful RNS but some positives e.g. operating cashflow expected to be better in H2 than H1. All eyes on 6 WC. 15% in August vs. 12% reported in June. Is there some hope it won't be as quick as 7z as it's a bit higher up?

Sham = scam. Newbie appeara posting 100 times away how terrible everything is. We know. Have you seen the sp? The question is,,,,,where from here.

The reserves weren't downgraded 90%, the contingent resources were...the reserves haircut was not 90%. Hannam put a NAV at 7pish even with the material downgrade warning....though they hadn't seen the figures..

Sham . Your post is just that...a sham! The price on secondary markets of the bonds is different from the enterprise value of HUR which is its market cap plus the debt.