Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Up it goes this could be a nice finish today
It seems to be building in momentum hopefully another blue finish today
Draft
I completely agree! I find it incredible that 25 of 31 trading days a month there is more shares bought than sold & sometimes by a big margin however we find HUR going lower everyday! It’s madness!
MaverickD!
@Ken10 is right fella you are full of s**t
PlantedBHA: 25k Bopd?
When was this achieved?
Longwait
I think either of 3 things are gonna happen here;
1. The new board are seeking farm in deals for Lancaster at minimal expense & for reward @50/50? Which would explain minimal expenditure?
2. Hurricane Energy is going to be sold but at what price?
3. They plan on refinancing & being able to drill another well or 2?
As a long term holder for the past 2 years I would rather number 1 or 3.
I believe offers will have been made in the past for sure, When you look at the psi pressure of the 2 wells compared to others & the natural flow rates surely big players would have been interested?
The cost of drilling 2 more wells on Lancaster with the knowledge they certainly have now and the flow rates will pay back in quick time, I think Robert Trice wanted it all to himself but hurricane didn’t have the money & right now we don’t.
I have wondered the same thing on several occasions & when you put it like that it does start a conspiracy theory! However I think trice being pushed aside is good news as I think he has had offers in the past for sure from big players to drill holes in the ground at lancaster at there expense on a 50/50 oil profit basis or similar like spirit Energy but he ****ed the spirit deal up in the first place doing it on WW, He should have done the spirit deal on Lancaster where they had the best knowledge of the basin and made us shareholders money instead of being greedy & gambling on WW, which has now backfired on everyone that has been long on this share... if Hur sit & wait now holding money for 2 years and pay the bonds in 2022 there won’t be a new drill until 2023 to be brought online until 2024! Kerogen have pushed trice out now and want there money back & the for sale sign is up in full swing! Hold out & wait for the takeover bid.
GLA.
What other wells? You do any homework before buying shares?
The bonds mature in 2022 so not next year.
It will be good if at the AGM they announce that production on the well has been rising as it should without problems if we can get a decent rise on SP there will be a lot of short positions stops being taken out and the shares re-bought, fingers crossed for a strong end to the week.
27 May 2020
Hurricane Energy plc
("Hurricane" or the "Company")
Operational Update:
Greater Warwick Area
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, provides an update in relation to planned activities on the Lincoln subarea of Licence P1368, part of the Greater Warwick Area ("GWA").
In light of the COVID-19 pandemic, Hurricane has requested extensions to certain licence commitments pertaining to Lincoln. The Oil and Gas Authority has responded positively to these requests, extending the deadline for commencement of the GWA joint venture's commitment well on Lincoln to 30 June 2022 and extending the deadline for plugging and abandoning well 205/26b-14 (Lincoln Crestal) to 30 June 2021.
Surely with the amount of data we now have on Lancaster it’s got to be a priority to crack on and drill well 8?
Tynytot
You are right but the company break even is $26/$27 after you factor in costs etc.
$35 oil = $8 profit with the break even at $27
2 x wells flowing @18,000 barrels @ $8 = $144,000 a day x 365 days = $52,560,000 profit
1 x well (well 6) can flow @ 14,700 barrels under natural flow
$37 oil = $10 profit
Well 6 @ 14,700 barrels @ $10 = $147,000 a day x 365 days = £53,655,000
As long as oil moves in the northern direction (Which it will) I don’t see Hurricane having any problems.
Thanks Pisces21
Hi can anyone update me if there has been a partial offload since the last offload on 10th March by Petroatlantic? tia
Jiffbag
Petroatlantic has had oil on board for a few days from an offload from Glen Lyon so was a calculated guess when they tied up together that it must of offloaded onto the North Sea Tanker...
Petroatlantic destination Lancaster Oil Field 09:00 25th February just updated.
Petroatlantic has been dumping its oil on the North Sea Tanker in the Scapa Flow... Petroatlantic & the North Sea tanker have 3 tug boats around them... Petroatlantic leaving imminently with destination TBC... Meanwhile the Heather Knutson is steaming for Glen Lyon (BP Oil Field) surely Petroatlantic is heading for the Lancaster Oil Field.
GLA.
Just Saying...
johnpwh
My favourite site says Petroatlantic now departing today at 23.00, still unknown destination
Yes i have the same fella it looks like the Petroatlantic has brought forward it’s departure by a few days and has offloaded its oil onto the North Sea tanker... Glen Lyon (BP oil field) had an offload a few days ago so hopefully the Petroatlantic is gonna be leaving in the next 20 minutes for the Lancaster oil field fingers crossed.
GLA.
I believe the Aoka Mizu can hold approx 600,000 barrels, the last offload was on the 21st January when we were running at 12,900 barrels approx... So at 12,900 barrels until the 31st Of January = 129,000 barrels approx and then if we assume that both wells started running concurrently at 20,000 barrels for the 19 days of February to date = 380,000 so all in all approx 500,000/510,000 barrels give or take meaning we only have approx 4/5 days of capacity left on the Aoka Mizu so we should be expecting an offload very soon!