Member Info for Keepwell

What was the last lift. I suspect it is less than expected with slightly higher water cut.
POO will be offset against this, I would like to see up to date production figures.
Then we know if poo is relevant here.

Be good to know what this was, as if I recall, well 6 was declining in production with water cut increasing slightly. If this continues (if I recall right,) then what? Poo is offset by less production?

2s we go

What the RNS means, stop trying to read between the lines.
If the delay is to wait for the CPR report, then they would have said that.
If the delay is about saving cash while Brent is 'higher' then they would say that.
You treat the RNS like it's a cryptic clue, ooooh what does that mean????
It reads plain and a simple. Sidetrack is delayed, Hurricane has no control over poo, financing and field performance.
Look at that and draw your own rational conclusions. As always Hurricane have said enough to paint a clear picture.

18th February, it will be a 'delayed' update.
One positive is, they are looking ahead to 2023.
Main negative is, last paragraph, it sounds like Hurr have no control.
Oh boy here we go again.

2 March 2021



Hurricane Energy plc



("Hurricane" or the "Company")



Update on Stakeholder Engagement and Lancaster Activity Programme



Hurricane Energy plc, the UK based oil and gas company, provides an update on the previously announced stakeholder engagement process and the timing of further activity on the Lancaster field.



Stakeholder Engagement1



The Company has previously announced that it is engaging with its stakeholders on a proposed development plan and associated funding for the Lancaster field. The Company confirms that these stakeholders include an ad hoc group of convertible noteholders. Discussions on the Company's forward work programme, strategy, financing and balance sheet recapitalisation are ongoing.



Lancaster Activity Update



On 18 December 2020, Hurricane outlined contemplated next steps in the Lancaster development programme, which included a second production well in 2021 by side-tracking from the existing 205/21a-7z well into the central area of the field.



This proposed side-track is more complex in nature than previous wells on Lancaster due to the incorporation of an intelligent completion and the challenges of delivering the well trajectory from the side-track location. As a result, the Company has concluded that it will not be possible to drill this well during the 2021 summer weather window without unacceptable operational and cost risk.



While no firm decisions have been made, the Company is now considering various options including:



i. drilling the side-track in 2022 following further planning activity during 2021;

ii. drilling the side-track together with the previously contemplated water injection well as a combined programme in 2022; or

iii. drilling the side-track in 2022 and the water injection well in 2023.



All options for potential further development activity are subject to factors which are or may be outside the Company's control which include field performance, prevailing oil prices and support from relevant stakeholders and counterparties.



-ends-

I read on here sometime ago the sale of the oil was predetermined approx 6 weeks prior to the lift.
I think it was you Planted than instigated that particular chat.
Do you recall...can you look back maybe 4/5mths ago?

Should we be concerned tomorrow is Friday.

Ramboo, yes plenty of trades still to register on here from 16.30 all at 3.7p

Last one from me Dav, questioning the board here and being optimistic will achieve nothing. It's important to keep both feet on the ground and not get excited when the SP raises half a penny.
It wasn't all or nothing when I started, I believed in Hurr and yes and i still do actually, but now a part of me also has doubts...who put those doubts there? Hurricane themselves. No one here that's for sure, like no one here will make me fully believe again. Keep perspective and the only way this sp will shift will be on positive RNS with no negative comments dropped in.
You deal with this your way and I'll deal with this in mine, but if you are wrong some people may have had their hopes raised by you, if I'm wrong, it's a win win for everyone. If I'm right, at least a i'm better prepared mentally for the knock back and pleased I didn't mislead anyone with guessing, hoping, assumptions etc. Despite all this happens i do wish everyone here good luck. As we are all here ultimately for the same reason. And no one likes losing.

There is a big difference between negative and realistic.
Based on facts, not assumptions, there is more reason for caution than optimism right now.
I am invested and will see it through to the end. As I am already at a loss, a big one, so it's all or nothing. I hear the analogy black or red on here a lot, I feel like I have bet on green.
Plenty of folk on here saying all the right things, but the RNS disasters they have killed the SP were all forewarned in the previous RNS.
So, I am prepared for dilution. I hope I'm wrong.

Dav, as mentioned yesterday the surge in poo bares no significance here as it is the longevity of Hurricane that is in question. Can't sell what you haven't got. Who would in invest in a company if its future was short? We need Hurr to say and prove otherwise, until then the sp ain't going nowhere-of any significance, day traders will use it, as every now and then it goes up enough for a quick gain, but drops again. Like today.

The price of Brent and Hurricanes share price bares little correlation.
Why, because Hurricane announced to the market, officially, it was low on oil and strapped for cash, in layman's terms.
Until that changes, officially, the Brent price could be 100 dollars it won't move the sp significantly.
You can boom as much as you like, we are standing on the edge of a cliff, waiting for one final push before the fall, or, what we all want, a life line to pull us back to safety.

If there is no RNS in the morning, then I see it that we have survived another round. If there is one, then it will be a knock out punch.

From google. It's a wonderful source of info.
A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. This information is provided by RNS, the news service of the London Stock Exchange

If they were jumping ship, why has the Hurr short tracker not been updated, last change was 5th.
Do some of you think that when there is a sell, on a rise, it must be the shorters burning as they exit. I just need to see the proof?

I'm not a short-e I'm rather tall thank you.
I simply googled it, it said 1pm.
February 18th. Maybe timezone?

I though the report was out at 1pm, hence the little dip we are having....

The next RNS for Hurricane,
I know what it says, and it basically says wait another quarter, as there has been delays with a few excuses they could conjur up, such as covid delays and weather.
Wow didn't see that coming. What are the chances...

And regarding dilution, surely it's a win win for Hurr.
Never mind the PIs, higher sp just means more in the bank for them.