Member Info for JiffyBag

Thanks Genghis for your view, much appreciated.

Now then my thoughts:
'It infers the possibility of a smaller, shallower, reservoir, so a possible reserves reduction in the next CPR. ' , agree that is possible, and hence impact on future valuations.

'What is not directly inferred, but which some will be worried about, is that with a shallower OWC the possibility that our perched water is actually connected by a down leg to the aquifer, which in turn could lead to an ongoing highwater cut, and require careful well management.'

Agree to a small extent, but for now until further data gathering has been captured, and connection by a down leg etc, that theory is just that a theory for now , is it not?

In my simplistic and non technical know how mind, I was thinking that if HUR were to re-drill 7Z to a shallower depth that would maybe remove the risk of any serious water cut?

Maybe this is what was being inferred by the HUR RNS?

Hi AK,
Nice to see you post once again :O)

The last RNS amongst other matters stated this.

'Principal among the near-term tasks of the Interim Chief Executive Officer will be to propose a revised forward activity programme in support of those objectives. The forward activity programme will be based on a prudent interpretation of field performance to date, including, for conservatism, the possibility of a shallower oil water contact. The Company will provide an update on the forward activity programme, including scope, objectives, costs and timing, once it is adopted by the Board.

What do you think is inferred by, 'the possibility of a shallower oil water contact' ?

https://www.bioindustry.org/news-listing/fieldfisher-life-sciences-sector-group-advise-on-48-million-fundraise-by-aim-listed-avacta-group-plc-to-fund-covid-19-test.html

Good Luck AK hope you can soon get back to your face to face Poker games

Once again, the very best of luck to you Sir.

Will watch the old

https://www.camioncross.com/

Hi AK,

Yes just caught up with todays news, and like some here have already commented, will be very sorry to see you go.

Have enjoyed our O/T chats and your technical contributions over the years, many including myself have learned a lot from you.

Please do pop in now and again to say hello.

I am still holding for now and will give the new regime a chance to improve matters and if Lanc 8 comes off next year plus a revised CPR ,I think we may just have a real chance of a favourable re-rate.

One things for sure Bridget Bob T---t won't have anyone to stalk now :O)

Good Luck AK hope you soon get back to your Poker .

https://www.addictivetips.com/vpn/vpns-legal-france/
https://www.ibvpn.com/2010/04/is-vpn-legal-yes-it-is/

AK,

Try it, it's not illegal!

https://join.nordvpn.com/order/

and once registered with BBC i player, and connected to UK , off you go.

AK,

Re Eric Clapton,

Watch this on BBC i-player, very good.
https://www.bbc.co.uk/iplayer/episode/b0b95q4f/eric-clapton-life-in-12-bars

You will require a VPN connection to make it look as though you are based in UK, (Nord VPN works fine) set up an e-mail addresss as though in UK and once you are connected to UK , off you go.

Drug company Astra Zeneca has said it will produce the vaccine light so it’s ready when final approval is given and intends to produce two billion doses thanks to funding from Microsoft billionaire Bill Gates.

The Oxford University team are reportedly “80 per cent confident” the Covid-19 vaccine work in younger people and say the vaccine could be given using a device like an asthma inhaler next month.

https://www.thesun.co.uk/news/11799908/coronavirus-vaccine-inhaler-next-month/

https://www.thesun.co.uk/news/11799908/coronavirus-vaccine-inhaler-next-month/

LW,

Re: 'If production rates and Brent stay reasonably high, then cash is going to be accumulated to the point where the current share price would be at a steep discount to cash per share.'

And that is my worry, because any takeover is near as much... self financing?

JR,

Who also had a beard in a share that you once invested? :O)

My thoughts, FWIW and in my honest opinion are:

No company is going to make an offer at this juncture whilst we rely on Lanc 6 & hopefully a full resumption of 7z output?
The way I see it in all honesty, is that we will have to wait until completion of HUR licence obligations albeit a extension and a meaningful forward looking drilling strategy put forward for Lancaster aided of course by a revised CPR .

For now we are just treading water are we not? the sooner the Centrica/Spirit isssue is resolved the sooner we can all move on.

Myles thank you so much for your updated report, looking forward to part 3

One question please;

Re:' An interesting week! The placing price was shocking, to be honest - absolutely rampant insider dealing. Hopefully it gets investigated, but I'm not holding my breath.'

Why in your opinion was the placing price, 'Shocking' given a recent high of £2.00+++, were you expecting a higher placing price than £1.20? it is it not based upon a weighted average price over a specified period of time?

Forgive my ignorance, but Re: ' absolutely rampant insider dealing. ' can you please explain/expand your conclusions on your thoughts?

Many thanks, JB

AK,

' I am now convinced that there is a deliberate 'run' being taken at Hurricane Energy, from all quarters. Someone wants to 'bury' us.'

I agree, there are many interesting parrallels not just in O&G as illustrated by this excellent video albeit the mining sector on the war being waged in order to create an opportunity to buy us out on the cheap or completely remove HUR from the marketplace.

Yes we have had some failures no one can deny that, HUR need to have prove the concept beyond all recognition but UK regulatory /choclolate fireguards provide no defence against concerted short attacks and algo traders.

Some interesting attack concepts discussed in the video

https://www.youtube.com/watch?time_continue=93&v=qtXHrjxzHuc&feature=emb_logo

Just an aside thought after watching SpaceX tonight, the rockets are powered by no more than good old fashioned Kerosene and Oxygen.

Kerosene where does that come from?, Oil.

Yep, Oil will not be be going away anytime soon. :O)

https://www.google.com/search?client=firefox-b-d&q=kerosene

Maybe, Michelle can persuade Nigel to give us a 'Heads Up' on LBC, every little helps!

Test, Track, and Trace.

For now all is about Testing and forever testing, until such a time, that we have moved on and is no longer required.

Phase 2 as I see it will be:

Coronavirus test to predict who will suffer severe symptoms being developed by Cambridge scientists
https://www.telegraph.co.uk/news/2020/05/30/coronavirus-test-predict-will-suffer-severe-symptoms-developed/

Let me know when it's 50p and I'll escape :O)

Lets hope , potentially and eventually we have a buyer for Spirit despite pause.

https://www.energyvoice.com/oilandgas/north-sea/232276/centrica-to-pause-spirit-energy-sale-until-markets-settle/

"In February, the London-listed company said it expected to receive initial bids by the end of March.

However, Centrica said on Thursday that it had “taken the decision to pause the process until financial and commodity markets have settled”.

So, realisically no HUR drilling strategy for 2020 is going to be finalised until the Spirit issue has been sorted?

That's the way I see it for now.

'Ashley Kelty, oil and gas equity researcher at Whitman Howard, said the glitch on Lancaster may convince the OGA to let Hurricane suspend the Lincoln Crestal well as a future producer, rather than plugging and abandoning it.'

https://www.energyvoice.com/oilandgas/north-sea/241817/oga-gives-hurricane-spirit-more-time-to-crack-lincoln-fieldlin/

What do you reckon, what are the chances and variables of Lincoln being a producer?

Is this just wishful thinking on the analysts part?

My take would be that it would only happen once the Spirit situation had been resolved, and how might that be undertaken if a subsequent Lancaster 8 drilling success is found in 2021?

Can the AM deal with 3 wells?

What are the implications with regards to the WOS gas export line that has yet to be implemented, is it a binary choice at the end of the day between Lancaster 8 and Lincoln?