Member Info for JiffyBag

Agreed, the question to be answered, is why have the shorts closed?

It's all a game of Brinkmanship possibly?

Question is?

Will JR and the BOD's/JPM/AAL suddenly pull a Rabbit out of the Hat if we vote No?

From JR that is.:O)

B------Hell!, never thought I would see the day, with a comment like that about J Curve!!

About time, get back to my Break Even Point £2.62 all being well , not long now .

GLA

A million ounces, is a million ounces, and it's great to see it confirmed in black and white.

Not long now, I would have thought to the next dividend announcement?

And others ,plus (Not in Public Hands, from HUR website), =60%, so circa 40% with PI's ?

Institution Name Shares Held (% Change) % Outstanding
Kerogen Capital (Asia) Limited   318,531,211(-5.52%) 16.000
Pelham Capital Ltd   121,875,000(0.00%) 6.220
Alken Asset Management Ltd   107,623,124(+4.72%) 5.410
Crystal Amber Asset Management  100,158,110(-0.48%) 5.030
Artemis Investment Management LLP   55,070,623(+0.08%) 2.770
Union Bancaire Privée   23,678,613(+0.09%) 1.210
BlackRock Institutional Trust Company, N.A. 22,595,519(+0.23%) 1.130
Eleva Capital SAS   19,661,400(+0.11%) 0.980
Fidelity International   15,720,106(-0.17%) 0.300
Longbow Finance SA   11,722,856(0.00%) 0.590
Cavendish Asset Management Ltd.   11,322,835(-0.11%) 0.640
Amati Global Investors Limited   10,591,338(0.00%) 0.540
Canaccord Genuity Wealth Management   8,000,000(-0.18%) 0.400
Investec Wealth & Investment Limited   5,534,695(+0.02%) 0.280
Legal & General Investment  5,267,845(0.00%) 0.260

Shares Not in Public Hands 17.600

59.360

Thanks AK,

Fascinating stuff, especialy the living room well,imagine that scenario, does not bear thinking about, sat having a cup of tea and watching the telly, and then suddenly the room is full of oil as the old well breaks free.

One thing is for sure, you wouldn't get home insurance in the UK, if you had an oilwell under your living rom :O).

Get that book written! :O)

AK, thanks but just out of curiosity, on my part.

Is this because the 'Bareback' part of the drill into the actual fractured reservoir itself is effectively gummed up with cement? or is the cement plug placed in the upper sections of the completion piping if that is the correct description that therefore would pose more problems than can be overcome by re-drilling?

Thanks LW,

Fair enough, I imagined all one would have to do, was simply to drill through the cement plug. :O)

Technical Question:

I dont know the answer to this, but can a previously P&A well be revived?

LT Captain,

'The quesion here is why Hurricane/Spirit chose not to tie it back to the Aoka Mizu FPSO? '

The issue as I see it is, that HUR have a commitment to drill the Lincoln commitment well as part of their licence terms, come what may, that has to be undertaken.

Question for me, is will they drill another potential Lancaster production well that can be tied back to the AM ,before or after the Lincoln Commitment well?

I would like to think it was before the Lincoln commitment well, to boost sentiment and if succesful, add to the further GLA field development etc.

Also,
Capacity and Flaring constraints, Lincoln versus Lancaster, cannot have both surely, and tie back to the AM.?

From latest RNS:

'If the GWA Partners are unable to obtain approval to extend the suspension consent, the Lincoln Crestal Well will be plugged and abandoned by the Paul B Loyd Jr rig in March 2020, prior to the planned start of the Lincoln Commitment Well.'

If they do gain consent to extend, then whose interests will prevail, HUR's or Spirit?

BritinWien,

Write to your broker or e-mail and simlply advise them that you wish to vote on the takeover, as is your right to do so, and ask them to send appropriate details.

Failing that join ShareSoc asap and ask their members on how you can vote, am sure they will advise you.

LW,

Very well analysed, maybe the only way for us to fight back, is to use the same tools that they use, Mass Media, Twatter et al, never ever been a member of Twatter, but it's a worthy consideration in order to cancel out the blatant negativity for supporting shorting attack's.

establish 35K / 40K Bopd (Wish LSE would add an edit option)

AK,

Thanks for your thoughts.

The only negative thought that I have had lately on the whole LC/Spirit thing, is that because Spirit are effectively up for sale, and the recent sentiment on Warwick drills etc, may have led Spirit as you have alluded to, to want a 'Breather', before commiting further on the GWA and this leads me to think otherwise.

If LC was to be tied up to the AM, then that might have surely impinged on capacity, and flare restrictions, for the AM (30K BOPD maximum is it) in terms of OGA restrictions?

Further, where would that leave additional well tie back to the AM on the GLA without a new FPSO to take up increased production capacity on the GLA?

There is therefore a possible capacity conudrum to be resolved here imo, before a move in strategy is thought out and resolved, and I think HUR/Spirit have already made that decision?

The WOSP/de bottle knecking seems to be the future critical path point that needs resolving asap if going forward to establish 35 / 40 Bopd imo, and for now I think the GLA is the best bet for HUR , whatever Spirit decide to do.

Re: CMD Presentation:
Might it be beneficial to let other senior members of HUR's technical team, present at the next CMD in order to take some of the heat off Dr T?

Re: CPR Presentation:
Might it be beneficial to let other senior members of HUR's technical team, present at the next CMD in order to take some of the heat of Dr T?

AK,

'In fact, something's just occurred to me. Regarding possible OGA approval of extending 'suspension' of LC or instead P&A. Who does LC actually 'belong' to? HUR & Spirit now 'jointly' lease the licence. But although HUR were Operator, Spirit paid for the drilling and testing. So maybe it 'belongs' to them. I don't know.'

Spirit: LINCOLN_50% Interest 'In September 2018, Spirit Energy acquired a 50% interest in GWA, including the Lincoln discovery and Warwick prospect.'

https://www.spirit-energy.com/teamspirit/voice-of-spirit/exploring-for-oil-and-gas-in-the-west-of-shetland/