Member Info for Genghis15

Then do as I said in my separate post ( I get fed up with 80+ post threads!) and email HUR for an answer. Continual posting on here looks more and more like manipulative trolling.

Impressive interview, imo.

Nothing really new, but still an impressive(at least to me) restatement of the company's raison d'etre, its assets, prospects, and progress.
I guess we may not see big SP reward here until one or more of the assets is sold, but in the meantimeI'm very pleased with progress here.

For all the detail in there, I cannot see how you can be taken seriously. the producing wells are nowhere near OWC, how can the tail of one be in contact?

But the main point is, if you're right, RT is wrong, and HUR are lying to us. They are saying pretty categorically that it is perched water. They have said that any deviation from projection on the EPS will be RNS'd when known.

Ergo, either you are completely wrong, or they are lying. I suggest you email them direct with your concerns, and post the reply here.

I for one cannot believe for a moment that anyone is taking seriously an unknown bb poster contradicting a reputable BoD, and the world's expert on FB.

"would have been nice to know what the flow rates were that they could not currently cope with."

Perhaps they don't know......mb the testing kit was also under equipped to deal with it?

RE Redoctober and a second FPSO, Shouldn't be a surprise, the forward guidance section of the CMD shows a second FPSO on GWA for 2022. Just forward planning, getting contracts in place. Be interesting to see if new build, or more likely imho, another lease/refurb.

JK, yes, but thru 1 line I guess will have materially reduced the data collected. jimho

"Might try snatch 20p monday morning at this rate"

Well, mb, tho that seems a tad overdone to me. I guess this will drift a bit now as the hot money ebbs away, likely to return as we near drill completion.

We must assume it remains as shown graphically on p63 of the CMD, c. $110m 2020, c. $160m 2021.

I often think it an omission of regulatory and accounting requirements that listed companies are not obliged to publish budgets and cash flow forecasts .

ASh666
" 'Hurricane continues to have a 100% interest in the GLA and is exploring a number of structures to fund full field development, including those that do not result in a reduction in licence equity. "

So that might involve equity and dilution."

It might. But if you can get $220m bonds away @ 7.5% for an EPS, for a co with no current income, I reckon some form of debt would be readily available art ac rate well below that, now we are a producer with a proven concept and a huge resource.

But the preference must be for a farm in, and I think one will come.

$220m of debt @ 7.5%. = $16.5m pa interest, repayable 2022.

Read "for those who think they can get us cheap, we can go it alone if we need to"

"The priority is proving up GLA ASAP and this means drilling in 2020."

Yes, I certainly agree this will be the objective, and if no partner is willing to come in on acceptable terms, they just might go it alone.

I'm hoping for the "interruption" before then, but it's been a long wait already!

Personally I cant see GLA wells being bf to 2020 just on HUR revenue ' I would expect to see a partner come in to enable that.

"new FPSO being lined up as we speak, this is big, really big.."

Shouldn't be a surprise, the forward guidance section of the CMD shows a second FPSO on GWA for 2022. Just forward planning, getting contracts in place. Be interesting to see if new build, or more likely imho, another lease/refurb.

Thanks, apols for my laziness in not looking it all up myself, I confess my main focus is elsewhere. Very keen on this share tho.

Lockup 120 days, till 14Nov I reckon.

"Hurricane notes that Kerogen has signalled its continued support for the Company as it continues to be a major shareholder with a 16.0 per cent interest and a nominated representative on Hurricane's board of directors. Kerogen has participated in each of the Company's significant placings since April 2016 and this transaction represents approximately a quarter of its current holding. "

Agreed, PDSM, it's a unique approach, and it has been well executed so far.

The difference of course is that whilst we don't fall 25%+ on a duster, neither do we double on a big success. But slowly, slowly, catchee monkey, I believe I am still allowed to say.

Good question. I have not looked into the ownership structure, but unless someone can advise otherwise, my default assumption is that the cash stays with the operator, increasing the value of our stake but not our cash, at least until it is distibued .

Perhaps someone with a better grasp than I of the structure can advise?

this may be of interest

https://www.csis.org/analysis/strategic-implications-strikes-saudi-arabia

Let's put aside all the excitable talk about Armageddon, and look at fundamentals.
EPS pumping away at better than expected rates, for 3 months now.
Lincoln well drilled, flowed, and ready as future producer.
Warwick West, or crestal, will spud this week.

These really are significant operational milestones, and have derisked the project/concept hugely compared to say, a year ago.

The one big risk to any oilco, PoO, just got better. Not only current PoO, but the highlighted instability makes a PoO collapse less likely.

So, why are at 46p? Obvs WD and Kerogen sale a big part of it. But the EPS is building value here, and few are noticing as they chase the next ECO or 13e.

I', expecting decent news on Friday, and hopefully a decent uplift, especially with a further offload this week as well.

But the real rerate here will come when we get some corporate news, be it, partnering or whatever. And that will come, and when it does, it could be very big indeed.