Member Info for JiffyBag

AK,

Just another pointer, Re Spirit Up For Sale, Ineos?

http://upstream.nhst.kunder.linpro.no/hardcopy/1864394/ineos-takes-lead-in-race-to-control-spirit-energy

on the same level of risk as you and I and so they are seen to be striving for shared goals?

AK,

I take your point......but it would be nice if owned more, there is a common held belief in investing that having 'Skin in the Game' is assuring in that it puts the management on the same level of risk as you and Iand so they are seen to be striving for shared goals?

This if correct EV, is also a very important positive pointer for HUR, given Lincoln result?.

'Spirit farmed into the GWA in September 2018, taking on a 50% working interest.

At the time, Spirit said the aim was to progress Lincoln and Warwick towards full field development, should the well campaign and further tests be successful.

Spirit would take over as licence operator at the development stage.

A spokeswoman for Spirit said that intention had not changed and that the company still planned to “move towards” becoming operator.'
https://www.energyvoice.com/oilandgas/north-sea/213209/hurricane-makes-discovery-at-warwick-west-but-more-technical-analysis-required/

Mr Stobie does hold shares in HUR albeit 4,632

Name Position Appointed Last Deal Total % Shares Held
Jason Cheng Non Executive Director 2016 na na
Dr David Jenkins Non Executive Director 10/11/2016 0.02 203,338
Roy Kelly Non Executive Director 2016 na na
Steven McTiernan Chairman 2018 27/11/2018 0.02 375,000
Neil Platt Executive Director 25/01/2018 0.03 607,383
Sandy Shaw Non Executive Director 2019 na na
Alistair Stobie Financial Director 2016 25/01/2018 na 4,632
Leonard Tao Non Executive Director 2016 na na
Dr Robert Trice Chief Executive Officer 25/01/2018 1.34 26,246,291
John van der Welle Non Executive Director 10/11/2016 0.01 154,159

https://www.sharesmagazine.co.uk/shares/share/HUR/director-deals

It's true isn't it?

ttps://www.youtube.com/watch?v=ygn95W3AXnY

Jay,

You don't owe anybody an apology, do you?

Aqua,

Yes maybe, but better to try and point the 'RumourMongers' to the known facts!, rather than falsely embelish as yet non reported in 'The Grill' unknowns.

EV is a master at that or so he thinks, best stand on the Ramparts with yer boiling pitch and shower them I say :O)

EV
‘Until the company release a credible RNS detailing thoroughly the current issues regarding the alleged increase WC then the SP will continue to stagnate at these levels or even lower.’

What are you basing your homemade 'Current Issues' on?

HUR have already responded to WC issues on the 11th July, 02ndSept, and 20th Sept.

20th September
Interim report, Sept 20th , 2019, Page 5

'We have gone to great lengths to explain why we do not expect to see coned aquifer water during the lifetime of the EPS, under our base case. This is our continuing expectation. The perched, or stranded, water we have experienced is consistent with our reservoir model and since our capital markets day presentation this interpretation has been reinforced by the Company’s technical work. Notwithstanding the increase in aggregate perched water production to a sustained rate of approximately 7.5%, water cut remains within expected ranges and is not impacting oil production levels or the cost of production. Now that both flowlines are in operation again, we can see that production from the -6 well continues to be of dry oil. Given the proximity of the wells and strong interference between them, this is supportive of a stranded pocket of water being intersected by the -7Z well. Hurricane’s analysis suggests that current production is only coming from a relatively short section of the borehole in the vicinity of the heel in each well. Over time, fractures further along each well bore are expected to contribute to production, reducing the impact of any individual water-bearing fracture.'

IMO, the forthcoming awaited Dec update will more than likely be in line with guidance .

Get yoursel down to the grill Trigger and spread the word !

Rev,

My point in posting was simply to provide what I am aware has already been officially reported, that's all, not sure if you had previously read or not.

Agree look at opposite views etc, but on this issue I do not have any reason not to believe that all is going well on Lancaster.

Rev,

Interim report, Sept 20th , 2019, Page 5

'We have gone to great lengths to explain why we do not expect to see coned aquifer water during the lifetime of the EPS, under our base case. This is our continuing expectation. The perched, or stranded, water we have experienced is consistent with our reservoir model and since our capital markets day presentation this interpretation has been reinforced by the Company’s technical work. Notwithstanding the increase in aggregate perched water production to a sustained rate of approximately 7.5%, water cut remains within expected ranges and is not impacting oil production levels or the cost of production. Now that both flowlines are in operation again, we can see that production from the -6 well continues to be of dry oil. Given the proximity of the wells and strong interference between them, this is supportive of a stranded pocket of water being intersected by the -7Z well. Hurricane’s analysis suggests that current production is only coming from a relatively short section of the borehole in the vicinity of the heel in each well. Over time, fractures further along each well bore are expected to contribute to production, reducing the impact of any individual water-bearing fracture.'

'I appreciate there are different people writing their articles but for me it makes them lose all credibility that their so called 'experts' offer so conflicting advice. '

And that is why the online magazine is called the 'Motley Fool'.

Basically, offers no value whatsoever!

Hasiba,

Out of all the brokers out there, there are only 2 for me that cut the mustard and yes one has to take with a pinch of salt, what I am trying to say is if you want to read a Broker report find one that has at the very least a sound argument and rationale , many do not.

Eddison and Hannan & Partners all the rest are CARP.
https://www.edisongroup.com/publication/lancaster-eps-performing-above-expectations/24722/

https://www.hannam.partners/insights/research/

Bottom line is:

Do you believe in the Lemon Fool Graph or an official RNS?

I personally, believe in Dr T, some may think that is somewhat naive, I do have my suspicion' and that is the Lemon Fool is actually working for Shorters, despite the self claimed 'Still Invested claim', it simply therefore does not add up!!!.

Bottom line is:

Do you belive in the Lemon Fool Graph or an official RNS?

I personally, will only believe in Dr T, some may think that is somewhat Nieve, I however have my suspicions that the Lemon Fool is working for Shorters.

Pete,

If you look at last RNS, you will find it states:

Re: WW
"The impact that this well will have on how the Company views the GWA accumulation and its associated volumetrics will require further technical analysis. The GWA joint venture is now assessing the optimal appraisal strategy for the GWA, and Hurricane will provide an update in due course.

Re: Lancaster
"Further progress is also being made in our understanding of the Lancaster reservoir. Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering whilst remaining in line with guidance for Q4 2019. We will provide a further update later in December.

MTV,
'Yet again! Why would HUR RNS the results of the current well testing in late December if nothing had changed........Wakey Wakey............'

Did you read the RNS? :O)

WW
"The impact that this well will have on how the Company views the GWA accumulation and its associated volumetrics will require further technical analysis. The GWA joint venture is now assessing the optimal appraisal strategy for the GWA, and Hurricane will provide an update in due course.


Lancaster
"Further progress is also being made in our understanding of the Lancaster reservoir. Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering whilst remaining in line with guidance for Q4 2019. We will provide a further update later in December.

Bartle,

It is only Nought point 59 percent!!!!!!!!!!!!!!, 0.59, not 20%!!!!!!!!!

AG
'We are under attack from the shorter,s who have no problem wrecking confidence in good companies'

If you had been monitoring the shorters M Wace et al, you will have found they have actually been decreasing! now just 0.59%.

AK, Goodnight, off to Bed now.