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Nothing bad about the move to Lincoln. It signals the end of the WD drill so expect an RNS next week. Whether that is good or bad we will soon see.

Braemar spotlist but they are saying 2 AHTS (same dates)

Can only be for the move to Lincoln

SoTB
Used to smoke cigars many years ago.
Didn't use swan vestas,
https://www.youtube.com/watch?v=a_Tadl6vivE

SG2
Order of the day:
Balls of steel.

You either have faith that HUR can produce from FB or you are gambling on priced in expectation. (of which there is very little at the moment)

On the bright side we ended the day in the blue, or was that down to poo?

Genghis
Apologies for the misspelling. Nothing intended; just my awful spelling and spellcheck doesn’t do usernames.

Ghengis
Biffadog said it:
“My personal view is people are waiting for a successful RNS at WD before getting back on board.”
It is also my view and arguably stating the obvious.
Volume is low and no one is keen to take a heavy long position until there is an RNS out on WD.

An interesting post (50298) on advfn by phdinvestor08. Appears to be US based. This is the link he provides to his tip sheet

https://phdglobalinvesting.wordpress.com/2019/06/22/branching-overseas-3-high-quality-uk-aim-stocks-under-the-microscope/

Biffadog

The webcast on 28th March for the annual results presentation included Q&A, so I fully expect the same for the CMD.

It should not be overlooked that this first offload translates into HUR’s first revenue as a producer; which should put a smile on Mr Stobie’s face.

Assuming they stick to the planned production ramp up revenue for the next 12 months will be 317M $ (£253.5M) at 62$ brent.

Anyone bothered to work out our forward PE ratio?

HUR is massively undervalued.

If this is due to the offload then why was the SP static all morning. Just seems odd as news usually filters through to market pretty quick.

The test completed on the 4th June so 13 days production since.

At 9K 117K and at 20K 260K

60K for the test.

From “introduction of hydrocarbons” (11th May) to the test was 21days.If they were only flowing at the minimum 6K for say 75% of the time 94.5K, and at 9K for say 90% then 170K.

So there is a large range but 300K seems quite possible, and achievable without having to flow 100% since production started. If the higher amount of 170K was achieved during the startup phase then they could have stuck to 9k during production and still have 347K

Londoner7

I was typing when you posted. I doubt a webcast but if they give out any information on well performance they have to release that info to the wider market by RNS.

JayKay1

If they did not mention the volume investors would left speculating so I’m pretty sure they will.
Could also be a formal announcement of the CMD date.

adoubleuk

It was mentioned by Morgan Stanley as one of the triggers:

“The triggers mentioned by Morgan Stanley were: the startup of the early production system at Lancaster, lifting of the first cargo from Lancaster, results from Warwick-Deep exploration well at Hurricane's Lincoln and Warwick assets, and the company's Capital Markets' Day which was tentatively expected for late July.”

So it would be rather odd if there is no RNS

wellwell

I don't know whats hard to understand,it’s very simple volume conversion.
5200 M3 converts to 32,707 oil barrels

I suggest you read the latest corporate presentation

https://www.hurricaneenergy.com/application/files/2915/5531/1740/Hurricane_Corporate_Presentation_-_2Q_2019.pdf

yuyus

"So where will Transocean Leader go next ?"

Lincoln

Normand Drott prelaid the anchors

Mr P
Do not expect HUR to pay dividends. Profits will be held in reserve for future drilling, possibly Halifax and development of Lancaster and GWA. They may also put some aside for Bond redemption.

Quite right Haircule and the wood is ash.

laserdisc commented earlier today about Grampian Sovereign saying he expects another PSV to take over.

As of today HUR have engaged Standard Princess for 14 days., see Clarksons.

slipanchor
What we could do with is a positive result from WD asap.