Member Info for Fred_Bloggs

mover123, exactly.

Fair enough Jiffybag. All the same I wouldn't want Sir Jim as a business partner. He's a 100% ruthless SoB. But he's brilliant at what he does.

Much as I admire Sir Jim and the business he built from almost nothing, you really do not want INEOS bidding. They only buy typically very distressed assets at about 30 to 40p in the £ or less. A very bad day for us if Sir Jim comes buying HUR stock in large quantities.

FWIW, Amerisur dropped to around 12p, not 1.2p. I bought at 19p and held for about two and a half years and sold at 19p. Rinse and repeat at HUR.

mover123, that's precisely (almost word for word) what was said about Amerisur. Sadly, I see remarkable similarities. I hope I am very wrong though.

Right now, I'd call it quits if I broke even sometime this year. For me, the multi-bagger has gone. I suspect I am one of many. It's beginning to look and feel a lot like Amerisur was.

Opening price hike hasn't held though.

"Fred_Bloggs,

". I'd put my money on a pump fault and if so, then quite possible a shaft seal failure. "

That sounds remarkably detailed for a 'guess'. Or is it in fact really a 'guess' ?"

Truly a guess. But based on decades of experience with oil and gas industry machinery. It's a fact that shaft seal issues are the single most common cause of pump outage. HTH.

It's said that weather was unlikely to force a stop to the oil transfer. So, providing there is still a part February load on board it would then appear likely a technical issue. Given that the transfer of oil FPSO > Shuttle Tanker would be pumped across then I would think most likely to be interupted either by a power outage or by a pump fault. I'd put my money on a pump fault and if so, then quite possible a shaft seal failure. Not that uncommon. We'll know for certain on the volumes if we get an early off load in March for a large trans shipment.

An earlier than expected off load in March will confirm early shutdown of the FPSO > Shuttle Tanker transfer then, because the FPSO will still have a significant inventory of February's oil on board. Likewise, a later March off load will confirm that the production in February was lower than anticipated. For reasons unknown in both cases.

if they had been running under 9k barrels a day for the last month, HUR commited to telling us? Something doesn't add up. Not unless the other 11k barrels a day were Water? (I know, sorry about that).

But, Siccar Point is very definitely not fractured basement and that's weighting extremely heavily on HUR right now. Hopefuly after the CMD we shall all be better informed.

And malrees, I sincerely hope you are right. 100% I do.

Indeed, and Centrica is broke. So, by default so are Spirit Energy. It was always going to end badly anyway, partnering with azombie like outfit such as Centrica. But at least HUR got a free carry in 2019 on the drilling.

Indeed, there's more negative vibes on water cut again at TLF today. Unfortunately.

" It's almost as if Hurricane is 'daring' someone to come and start a bidding war."
A bit like Amerisur did, you mean then?

A Lincoln producer tied back to Aoka Mizu would only be 50 per cent Hurricane. Where a Lanacsater tie baqck will be 100 per cent Hurricane owned.

I am really struggling to credit a web forum that 99.999% of the population never heard of with the recent meltdown of HUR shares.

I really struggle to think a few web forum comments by an anonymous poster can do this. What really worries me, is the possibility that some very bad news is leaking out from the FPSO. And that soon, the company won't be able to keep the lid on it.

If it happens, I see a share price in single figures and a lot of severely burnt small investors. Me amongst them.

I still think it unlikely in view of the last RNS. But the downward pressure on the stock persists. That really concerns me.

But regarding November water cut, would it not be the case that we do not know what the production spilt was between the two Lancaster wells? We don't know how long they each produced for nor at what rate. So, we cannot be certain the water cut HAS actually reduced? I hop it has and that Dr T is right about perched water. But from that one Tweet, I don't think we can see anything new?

Absolute bo**ocks. No, SXX and HUR are like chalk and cheese (or like oil and potash, if you like). Except HUR are profitable. SXX are bankrupt.

Apart from that, yeah, they're exactly the same...........