Member Info for JiffyBag

AK,

'Unknowingly'?????????? that made me laugh, i do agree though.

Re:That would be childish. We've been told there will be an EPS update sometime this month. I look forward to it, and equally hope it's simply as detailed, factual and honest as poss. But the actions of some vocal stock-traders should have no influence on WHEN such a report is released.

Sounds just like President Obama, we will respond at a time of our choosing :O)

But in the meantime, the Trolls are in possesion of the ball?

AK,
I actually think that Lemon Fool has actually unknowingly trashed the HUR SP.

This BB is read by all and sundry including MM's and idiots like MTV adding their guessed non factual diatribe.

It is now up to Dr T, to rebuff their allegations and issue a statement forthwith!

Hi AK,

Appreciate that. I did notice somewhat that your last question / query to Lemon Fool was left in my mind somewhat short shrift/unanswered?

Further, I am not sure what Lemon Fool's discipline is albeit somewhat highly respected it would appear throughout the O&G BB's.

Is he a Petro Physicist or a Oil Analyst or O&G Statiscian , I am not so sure on that score and his credentials?

Do you believe in Dr T's assessment or LemonFool's graphs ?

I personally will readily accept that the Dr's view above and beyond an outsiders view at this juncture is soley based upon a limited amount of data ,the good DR is sat at the coalface, the outsider is not.

Whilst the Lemon Fool has presented a case that may well be worth 'Considering' until such time that HUR responds and am sure they will and given that they have already have in previous communications, my view is that WC is a NON Issue if it was they would have been legally bound to an issue an RNS forthwith and that has not happened as yet.

Bottom line is simply this folks:

Do you believe Dr T or LemonFool?

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WTF is going on????????????

Try again:

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https://www.lse.co.uk/ShareChat.asp?ShareTicker=HUR&share=Hurricane-Energ&thread=5C9E0333-9290-4485-92F1-FF9B4C155703&reply=true

This is what I get;

https://www.lse.co.uk/ShareChat.asp?ShareTicker=HUR&share=Hurricane-Energ&view=message

Anyone else had same experience on trying to view this website and CF popping up before connecting to LSE?

AK,

I think we both on the same page, just a few detailed differences, that's all.

Bottom line is that are now facing an attack! from the the likes of so called experts and non experts, EV , BB, et al.

Stand on the Ramparts and cover them in boiling pitch.

AK,

.Where's this '8% water-cut' stuff come from? Not from the company. '

Watch the last CMD is where it's coming from, did you watch it?

Bottom line ASAIC, is that most recently there are a group of posters on this BB and others. (EV, BB, etc) whom are seeking to pull the wool over our eyes and sow confusion, please be alert to that conudrum.

DYOR and question and question, the sell off as of late has been well over cooked IMO, and IMO we will see a corrective upwards adjustment before the year end.

dspp,

'Never confuse what you hope to happen, with the data that tells you what is actually happening'

Again with respect, please expand your rationale. please also base your modellingand conclusions on 20,000 BOPD.

Thanks.

Jiffybag,
Never confuse what you hope to happen, with the data that tells you what is actually happening. The E&P game is about data, and data interpretation, not hope. If you have a problem with my data interpretation please tell me. If you have a problem with the data itself please tell HUR and the OGA as it comes from them. If you don't understand then I really don't know what to say.
- dspp
With Respect:

Well so far 8% WC is the guideline, and 20,000 BOPD will match that won't it?

dspp,

Thanks for your swift reply.

What I am alluding to is simply this, and I am a non Oil expert unlike yourself, a figure of circa 8% for WC has been clearly stated as being within expected guidelines so far as we can see, Yes or No?

So ftherefore as an investor in HUR, all investors apart from some like yourself perhaps, can only rely on 'Official RNS /Report Communications' Yes or No?

So, that being the case , what is it that you disagree with the official HUR statement:

'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.'

Thanks

dspp,

What is your answer to HUR's IR, Sept 2019 re:

Plus if one refers to the interim report in Sept 2019, on HUR's website , Re Lancaster, page 5 it states:

'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.'

Thanks

Also forget to add, Petroatlantic is heading towards Lerwick, not suggesting it is for the AM, but have used PA in the past.

Pure speculation on my part.

Have you come across this site, it's free , and I think it's new and may have some growing pains, but it's Free!

https://www.myshiptracking.com/

I thought the Water Cut issue was within guidance, ie 8%, I also recall this being mentioned at the last CMD.

Plus if one refers to the interim report in Sept 2019, on HUR's website , Re Lancaster, page 5 it states:

'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.'

What's all the fuss about?

Edison, Analyst Update:

https://www.edisongroup.com/company/hurricane-energy/2150/

Investment summary

'This morning Hurricane Energy announced the flow test results from its Warwick West well, which is the third and last well from the 2019 drilling campaign in the Greater Warwick Area (GWA). The well confirmed the discovery of 43° API light oil and tested at a stable flow rate of 1,300bod on natural flow with less than 0.5% of water being produced. Hurricane and Spirit Energy are evaluating the results of the 2019 drilling campaign and further technical analysis will determine both the potential for GWA to be a single accumulation and its volumetrics. Our risked valuation of Hurricane stands at 102.8p/share, with GWA tieback valued at 3.5p/share and GWA full field development at 21.6p/share. Hurricane shares are trading at 37.5p after dropping c 20% this morning. This implies the market is not attributing any value to the GWA full field, even though an oil discovery was observed.'