Member Info for lonestag

CA would have covered their position..as all ii s do..but they ve already made money on Hur” Despite banking total profits of £41.8 million on Hurricane, the year-end carrying value includes an unrealised profit of £28.0 million.” So don’t worry about C.A

I was in Afren....and it’s been investigated by SFO and directors have been jailed but no compensation for the pi s as far as I’m aware....sorry for your loss

Below are the 2 presentation and 1/2 yearly report, listen and take note...Q&A section in brrmedia has some important insights
https://webcasting.brrmedia.co.uk/broadcast/5f439633b14d87262643b3f6/5f5b6c0872b6be45ce0d0190
https://presentations.investormeetcompany.com/investor-meet-company/interim-results-for-the-six-months-ended-30-june-2020-2?bmid=65a506ffe76e
https://www.hurricaneenergy.com/download_file/force/582/222

At current resource estimates and current production the Well has a good 2years left...around the same time as the lease for the Aoka...This is imho why no more wells are being drilled.plus no money to drill additional....it’s all in presentation....also the Sands resources have been added to the current decimated resource estimate.. listen to the Q&A at end presentation...the main question is if the that’s Edison report valued the Nav at 13.6p at the then reported resources which are now estimated at 10th of what they were..is the new Nav .1.36p?
https://www.edisongroup.com/company/hurricane-energy/2150
https://presentations.investormeetcompany.com/investor-meet-company/interim-results-for-the-six-months-ended-30-june-2020-2?bmid=65a506ffe76e

Watch the presentation carefully and read today’s rns ....and make up your own mind..disregard all info that predates yesterday’s update as it means zero now.....for me personally there is no case for investment so unless your down so much that it makes no difference if you sell next week or hold

No...you got a link?

I remember him...deos...did try to warn him about nmc- it had fraud written all over it...he posted on NMC 15th April -Had.a hellish time lost £170k on Metro, £125k on tlw and £200k here. Then when prizes were rock bottom missed out on wmh, tlw, carnival feel sick with it. Any hints on how to get some monies back

The sp not oversold imho and neither does the analyst at Panmure Gordon.
Do your own research, it easy as all you need todo is read and watch today’s rns/ presentations as any info predating today is useless
https://www.energyvoice.com/oilandgas/north-sea/264940/hurricane-energy-takeover-target/

https://webcasting.brrmedia.co.uk/broadcast/5f439633b14d87262643b3f6

Watch the presentation and take notes....and then make up your own mind

If it was only that simple...Hur got bills to pay, debt to service and to payoff ,only one high risk well which has high water generation and could stop producing at any moment...these are the main risks and why sp is where it is....also outlook on oil price is not great again...read that oil traders are booking up VLCCs for the next 12months....oil price back in low $40s

Never a good sign...can buy on ig but can’t sell

Latest Edison report- note Edisons valuation has been suspended until we can review our forecasts and valuation after the company provides its updated reserves and resources and/or conclusions from the ongoing technical review.
Investment summary

Hurricane’s technical committee has concluded that there is a reasonable probability that the oil water contact (OWC) in the Lancaster field is shallower than the range of OWCs estimated in the 2017 competent person’s report (CPR) by RPS Energy. As a result, the company believes there is a risk that the estimated reserves for the Lancaster early production system (EPS) and the contingent resources across the West of Shetland portfolio will be materially downgraded. In early August, Lancaster was producing at c 17,000bod, and Edison estimates this is likely to decline without technical intervention. The company is evaluating a range of production enhancement options, which could mitigate Edison’s production decline scenario, and expects to complete the technical review by its interim results, due on 11 September 2020. Our valuation has been suspended until we can review our forecasts and valuation after the company provides its updated reserves and resources and/or conclusions from the ongoing technical review. We expect that our core NAV could be significantly reduced from our previous estimate of 13.6p/share.

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

That’s because they can t raise equity...you need an Asset to raise against....ig no problems getting a quote to buy £10k@ 3.05p....

https://presentations.investormeetcompany.com/investor-meet-company/interim-results-for-the-six-months-ended-30-june-2020-2?bmid=65a506ffe76e

Why would anyone buy this....co have said that Lancaster will be done in 2025, Lincoln well dead..what are full decommissioning costs ?

The rise yesterday was probably to take out anY pi s shorting the share...I wonder how many were taken out...the corporate guys know how to play

To do an equity raise...you have to have assets to raise against....after today’s rns....I don’t see it

It’s not big buys...it’s shorts closing...does nt affect the sp or current situation...just had my reminder about the meeting at 2pm..think I ll go do something else instead now

FYI..the bill from Morocco gov not U.K...for the period between 2016-2018... The tax audit concerns the financial years 2016, 2017 and 2018. For the gas explorer, the notification of the tax administration assessed additional liabilities in terms of corporation tax and value added tax totaling around 14 million euros. dollars due to license changes, reports Maroc Hebdo.
The license changes detailed in the notification concern the Tendrara Lakbir license and the transfer of interests from Sound Energy Morocco SARL to Sound Energy Morocco East Limited. This is an assessment that stems from a misunderstanding about license changes.
Sound Energy has 30 days from receipt of the notification to respond. Read the rns..If your invested or going to invest

Is there a new broker note as I was sure last one had suspended it’s valuation until after the 11th Sept update....I can’t find any new info you posted Mazik?
https://www.edisongroup.com/company/hurricane-energy/2150/