Member Info for JiffyBag

BartleBob,

A bit Curved Air if you ask me?

https://www.youtube.com/watch?v=tAe1ge7YwFg

WW,

Ask yourself this. Why is the LF stil holding? (If true)

Why are KG still holding?

Bottom line is , do you trust HUR or LF?

artrader,
'Does this mean the shares are now on the balance sheet at a huge profit?'

I would have thought not, as no profit has yet been realised, ie they have purchased not sold, so no profit gained.
Good example of treasury transactions here.
https://www.dummies.com/business/accounting/treasury-stock-transactions/

https://www.dummies.com/business/accounting/treasury-stock-transactions/

Chill, :OOO))))

https://www.youtube.com/watch?v=i05gKtHWjGY&list=RDO9Nf7N91lc8&index=7

WS,

Thank you for your honest opinion, let us hope for all SH's that what you say comes to fruition.

The issue of dilution is indeed a stark reality should a partner/ financier arrive in the last hour to bail us out, but I do think that CF will try and limit dilution as best as he is able to do so, after all he has a very large shareholding.

Another option is 'Freezing ' the company and de-listing, putting all on ice, until a more favorable climate/environment exists.

Can one do that, not sure?

De-List maintain sufficient liquid funds to keep the company alive until financial ressurection? that is at least another worse option (Not wanted nor desired of course at the present time ) but at the very least keeps the dream alive.

Or am I barking mad :O)

WS,

'For the record, I'm not him or her, nor have I had any connection to him or her outside of this BB, I'm just not a sheep following the trend of trying to deny the right of people of alternate views from being heard.
It's strange how history repeats itself.
Learn from history and beware.'

Interesting analysis, however what is your conclusion re: 'Learn from history and beware.'?
Do you believe the company will achieve funding for phase 1 before the end of March 2020, or not? that is the bottom line is it not?

Personally, I think they will, but it will come with massive dilution.

Hope you all had a nice Xmas,

Now then , the fact posed by Amja, ie the Stena Natalita’s gross tonnage is 63.051 mt , (check correct) so theoretically it could not possibly contain a cargo weight greater than its own gross tonnage?. (Question to myself)

Now, I am no expert, and am totally ignorant of such matters, but I googled the Conundrum for my own benefit and came up with this.

'A vessel ton is 100 cubic feet. The register of a vessel states both gross and net tonnage. ... A ton of cargo in most instances occupies less than 100 cubic feet; hence the vessel's cargo tonnage may exceed its net tonnage, and, indeed, the tonnage of cargo carried is usually greater than the gross tonnage.'

Over to the experts.

The sad reality is that Bartle Bottom and his mate EV Mc Boatface have just been royally spanked yet again, just another boring Tankerload of Black Gold has now left Lancaster, Oh what do say you Lads? :O)

LL,

Just for you Lauren, I don't care anymore :O)

https://www.youtube.com/watch?v=OgCGC41ZjYM&list=RDO9Nf7N91lc8&index=3

LL,

'Er....that's it...'

Well at least you sound confident :O) thats's a start for the New Year, open another Krugg is it?

Spot On Rev,

Divine intuition?, Empty without cargo McBoat Face Vessel strikes again :O), Just call me Dave, or is it Trigger?

AK,

'But does he have any qualifications relating to understanding of Fractured Basement oil reservoirs?'

Agreed, and was the basis of my post if you re-read :O)

Sorry correct link should be

https://dariu.org/?page_id=38

https://www.lse.co.uk/ShareChat.asp?ShareTicker=HUR&share=Hurricane-Energ&thread=BE16B140-9684-4AFD-AD04-B2528811B7A0

Is this guy a Petro Physicist, a Geologist? mmmmmmmmmmm, I very much doubt it!!.
By all accounts his domain is in Finance , ie CFO at Bab**** and Brown.

ALEXANDER STAHEL

PRINCIPLE & FOUNDER BURGGRABEN HOLDING AG, SWITZERLAND

Alexander is an investor with a long and succesful history in private equity and value investing. Before founding his own investment company, he served as a Senior Executive & Partner at Bab**** & Brown, was CFO and delegate of the board of the Swiss manufacturer MEWAG AG, CFO and COO for Obtree Technologies and was an associate director at UBS Warburg. With his analytical skills, he has excellent understanding of and deep insight into the markets of this world.

Off for a pint now , happy to hold, GLA, Have a Great Xmas and Happy New Year!

BlooBird,

I take it as being from 04th June 2019 to 04th June 2020,as per RNS, Wed, 5th Jun 2019 07:00
RNS Number : 1513B

On 4 June 2019, the Aoka Mizu FPSO's start-up phase completed with a 72-hour production test ("First Oil"). The combined flow from both wells during this test period reached and maintained the planned production rate of 20,000 barrels of oil per day ("bopd"). This marks the contractual provisional acceptance of the Aoka Mizu FPSO by Hurricane.

The Company anticipates a gradual ramp-up in facilities availability over the first six months of production towards long term operating efficiency of 85%. The Company restates existing guidance for facilities availability of three months at 45% and then a further three months at 65%, resulting in average production rates of 9,000 bopd and 13,000 bopd, respectively.'

We have successfully achieved our start-up data acquisition objectives and commenced the evaluation of this material. Up to 12 months of stable production will be required in order to provide a clear view of the reservoir and enable us to plan for associated full field development scenarios.

CS,

'They didn't do a deal with spirit on it because it was the crown jewels.'

Given recent changes to the programme re GWA within the last RNS and a q, maybe they should ?

Whats left for Spirit now other than Lincoln.?

Lincoln Tie Back
The tie-back of a Lincoln well to the Aoka Mizu FPSO, tie-in to WOSPS, and associated modifications to the FPSO are still planned for 2020. Obtaining regulatory approval for this plan may, however, delay activity until 2021. Confirmation of the tie-in programme is expected during Q1 2020.
In the absence of OGA approval for the tie-in of the Lincoln Crestal well (205/26b-14), the licence partners will be required to plug and abandon the well before 22 June 2020 in line with current regulatory approvals.

MTV, You know we Know, How's the Grill Tonight? :O)

LW,

Yes please

AK.JK,

Main thing for me is that the JC/M O&G Windfall Tax, will hopefully now be buried and outside investment in the WOS O&G industry and HUR should increase?

Can only honestly see positives from now , if all pans out as Poll Fcst for HUR shareholders