Member Info for Cebo-456

Daltry - you say that Hurricane can lock in and hedge at todays price. - Is this fact and where is your reference as I certainly wasnt aware that was the case.

Daltry - you day that Hurricane can lock in and hedge at todays price. - Is this fact and where is your reference as I certainly wasnt aware that was the case.

SnowflakeSteve,
Anyone who's first post on LSE was to state that "they had bought £200 worth of Tullow shares, were thinking of investing another £800 the next day and asking what it would do to their average" need a frigging abacus and an upgrade in pocket money. FfS.

It changes nothing in regards to the expected news in Jan (FDA approval, partner for Clev' and Traum' drugs etc) All it means is that Farn are taking action and seeking compensation against the company who had agreed to manufacture Traumakine.m, but then broke off the agreement because they did not have the capability.
Would they be taking this action if Traumakine wasn't going to be produced in a large scale, I doubt it, so it may point to a positive FDA response to Traumakine , IMO.

Whatever your clever calculations and conversions say, the said tanker has indeed previously completed offloads WoS of more than 600k barrels of crude -
Just to clarify though, I am in no way saying here that the latest offload was around the 600k figure, just stating as fact that the tanker has the capacity.

JC, It is possible but highly unlikely IMO. Reading between the lines it looks like the company want to ramp up production at WK and sell Monchetundra - at least that's what it looks like to me through slightly rose tinted glasses.
I doubt any deal can or will go through until EUA get the license for the Flanks fully granted, which I am hoping should be a formality and certainly in the next month or so.
I should think that any sale agreement would usually drags on for many months but maybe in this case, any suitor will want to get in and set up with their own guys or contractors before the mining season starts again in March 20, preping from about Feb.
I fully expect some sort of conclusion Q1/20, probably and hopefully a sale, if not then EUA triggering the EPC contract with SinoSteel.

Ffs, RGM had a 100 for 1 share consolidation, some on here really shouldn't be allowed anywhere near the stock market for their own good.

FDA feedback most likely before Christmas, and could come be accompanied by partner news. Clevegen Parner Q1 as guided by the Company. Lots to play for here.

That's an easy one. Although BP have bought the 3 million barrels, they haven't opened the barrels to see what they contain. Hmmmmmm.....
Perhaps the first 2 barrels were full of Light Sweet Crude, which they opened and showed to BP, and the rest are full of H2O - Hmmmmmmm.

Looks like the individuals were wrong about the water and and now it seems they want to spread doubt about why they are only running one well for a few weeks etc, its quite possibly because they are still gathering info but more likely because they are finishing off the commisioning for the Produced Water System which may be required for the 7z well with the PERCHED water.

" a lot of uncertainty removed " - I would agree with that, particularly if anyone was daft enough to listen to the chaps that wanted investors to believe the produced water was anything but perched , or that the ESPs were required. Pure bo!!icks and no doubt they will now be dreaming up other nonsense to make in retail investors doubt their position.
I agree that even just based on the EPS, this looks really undervalued. 20k barrels of oil per day next year, $150 million unrestricted cash at year end, usefully tax loss position/R&D tax credits which, IMO, must be worth about $6 million refund per offload.
Another producer to be drilled on Lancaster starting possibly as soon as this Febuary. Confirmation that Tie-in work (LC, WOSP or both?) has already taken place on the AM.
A big shout out to the BW guys and other cree pn the AM, achieving 90% availability surpasses any of the other FPSOs WoS, well done.
No ESPs needed, great flow rates whilst only producing from about 5% of the wells.
I like it a lot, and just what the doctor ordered after over doing the celebrations last night.

EV, your credibility went on this board when you started slating Hurricane to buy into I3e before it went belly up, you then did the same with Tullow just before it dropped 60-70%. My only concern with Hurricane would be if you decided to put whatever you have left from I3e and Tlw back into Hurricane, given your share picking record.

BB, of course it did and rightly so, so not sure what your point is to be honest.
For me, just the 6 year EPS alone more than underpins the Share price here and all the scaremongering is not going to change that in anyway, so fill your boots.

CA, like the rest of us are entitled to sell and buy when we want and there can and will be many reasons for that. I have no issue with the way CA are operating at all just now.

Yes the SP took a hit when the Warwick West results weren't initially as great as we hoped althoughI think it was way overdone - but that's just my opinion.
Again, in my opinion only, the scare mongering about Water Coning is what is hitting the SP the most. - as I said in a reply to Reverend Andy a few days back - Hurricane stated in presentations September and October that the produced water is perched water, not coning - I would rather take RTs word for it, rather than some random posters on here that have no clue about the industry what so ever.

The perched water, approx 8% is what is expected over the lifetime of the EPS, it may be 16% from 1 well or 8% from both and will fluctuate , but who cares at it is normal perched/trapped water.

All IMO

Oilman Wrong, the large sells were simply an investor offloading a few. Nothing to do with the MMs at all. And nothing to do do with the potential here. It really is that simple.

Reverend Andy, if you are looking for your "dose of reality" from posters on here, rather than the Hurricane CEO (who has all the info and atated Sept and Oct that the produced water was Trapped water, not aquifer), then you may as well sell up and drive away in the apostles Honda car.

Besides Andy, if the EPS suddenly starts producing more water than Oil, we will all be relying on you getting your Fictional Sky Guy to turn all that water into wine and we will all party.

:-)

Fangdig, "Tullow was also on my watch list", I also had another look at TLW Last week and did a bit of digging on it after the bin-man and EV decided to go all-in across there (just to see if there was anything worth taking a punt on) - nope, there were 't enough $h!tty sticks around to tempt me - with a debt of 3 billion to service, only 60k barrels production, it was always a car crash waiting to happen.

Oilman, he had particular success with his Labradors and Collie breeds. :-)

Weeks

Impossible to work out anything with the data available. Hurricane are going to update us in the next few wees regarding the GLA EPS flow rates etc. - For better to get it from the horses mouth than trying to speculate and second guess what is happening.
IMO.