Member Info for Genghis15

Cebo
Agree that's the model, but it's not proven afaik.
So this would be a chance to bail it down or not.

Fairly sure thi slighs uncertsinty was mentioned at some point by RT or AS.

Very useful link from bloodhound on advfn, thanks to him.

http://www.devex-conference.org/perch/resources/hurricane-energy-real-time-data-interpretation-and-integration-leads.pdf

Check the hur website.
Small conventional prospect straddling the hur/pmo licences
About 35mb from memory.

Apache, I wonder if this is exactly what us happening, which and co ordinating the 2 events is taking a little time.

LW, remember, if anyone can, a Khan can.

I am not sure if there is any read across to Colter here, but interesting anyway.

https://www.bournemouthecho.co.uk/news/17882437.oil-giant-carries-large-seismic-survey-across-purbeck-oil-fields/

Back in the day, I would conquer half of Asia in the time I've been invested here.

I can only think its an influx of traders who know that in one trick ponies like ukog or angs it pays to buy the dip and sell the highs.

This is not that sort of share, really, but the sheer size of the prizes at WN and Parta is making the SP behave as if it is.

Here's hoping it drops further, I might be very comfortable chucking bit more in here next week if it does.

Bet SIPPs circling the rig right now, either in a hired jet or a row boat.

Stop it.....you're opening too many other boxes there.

You may regret opening this box....

Obvs the fields would become Scottish ; but nobody knows what a future Scottish Govt might do to taxation, licences, etc.

But that's not exactly set in stone under a UK one, either, is it? From a HUR pov I'm supremely relaxed on the issue.

you may have a point there. Could they still get read across while EPS flowing, or only when shut in?

I guess the latter, someone better informed than I can perhaps confirm.

"why waste time comparing two very different companies."
Indeed.
However I commend olderandwiser's comments on this BB, cannot see why anyone wants to get in a spat with him.

Very positive article.
"This year has seen Hurricane take huge steps forward "

If by news you mean RNS, then I suspect Monday is the best bet given no one has yet reported seeing a flare tho we know from last RNS it is imminent.
Once flaring is reported I would think an RNS would follow within 2 to 3 days.

Don't open that can of worms on here, we'll all be knifing each other!

One by one, the "issues" some saw in the RNS appear to be being demolished.

We now know from HUR that the flowline problem was a valve which is now replaced, thanks to Biffadog.

Just about everyone on here with either relevant experience and/or who has studied/watched the CMD has said loud and clear that perched water is not a problem, regardless of the %age.
Others have clarified that the commissioning pf gas and water facilities is being dealt with in a normal fashion for a newly installed FPSO.

The only negative in the RNS was that data gathering had been delayed, but somewhat compensated for by higher than expected production, $$$s in the bank.

So all is well at the AM and the EPS.

On LC, the RNS just tells us we are very close to DST, which was pretty much as expected, so nothing new there. Beats me why people got the jitters over this, can't see it myself.

TBH I have not kept up with the detail of NPVs here, precisely bcos I place little faith in them. So I am not getting carried away by some of the wilder projections of possible value on here.

The big picture is that I like the S&S strategy, their project selection is being proved good so far, and Parta should add to that soon.
There is clear multibag potential here however you look at it, most projects are onshore/low opex which limits downside sensitivity to pricing issues. So I am content to sit, wait, and see what plays out when S&S start to monetise.
Once we see what sort of deals they can do at that stage we can start to project future values here with a bit more certainty.

Cebo, I I largely agree, tho part of thinks perhaps a bit more info on the flowine would have been hekpful. But it's past, I agree this has cleared the decks for what will hopefully be a flare reported later this week, and a positive RNS next week.

Fingers crossed.

Londoner, thanks for reply, makes sense.

F22 "..so you seem to be supporting both wells have a water cut?" I made no such mention, I am completely unconcerned by the water cut, as my post made clear. It is perched water so matters little.

I am merely trying to point out that lost production is lost production, so shutting in is not done lightly. It will only be done when technical/data necessity overrides short term revenue considerations. I know not everyone majored in accountancy, but this is a simple concept. Revenue is lost when you shut a well. "Catching up" with guidance is a budgetary nicety, it is not cash.
I am not "shouting louder", but I fear you are not listening. Please think it thru.

MCB55 "Lost production due to a shutdown is just lost revenue for this year! Technically it is recouped at the end of field life, so the loss is the time value of production now versus the same amount in say 30+yrs time, which to most people can be considered as nil!"
Your post reads ambiguously ; but if you mean that the recouped revenue in 30 yr time is without value today, I agree. HUR may not be here ; I almost certainly won't ; oil mb worthless. So for all practical purposes, it is lost.