Member Info for malrees

aduk
Are you able to explain to a layman how that communication would be learned and by whom? Would it be available at this stage of drilling progress? Thanks

On 1st Jan 2020 the amount of sulphur content used in marine vessels worldwide is being reduced from 3.5% to 0.5%. Given the low sulphur content of our Vietnam oil, we should be able to anticipate a higher price per barrel in 2020. As any increase will feed straight through to the bottom line, this is surely good news for our profitability.

Added another 80000 at under 39. Will continue to add sub 40 as long as proceed to schedule.

There is plenty in the new Technical Presentation which could be included in layman's English I think. The details there on connectivity at Lancaster deserve a wider audience than the few who have read and understood it imo.

IamnotanAnalyst I think you need to go out and buy a new calculator! Re-calculate what HUR profit would be at 60kbpd, not that we can get there for some time yet!

The mass of small A trades suggests to me that another large order is being filled. No signs to me that there is any data available beyond what has been published. I am here for an eventual TO and will continue to build my stake in small parcels as my buy price objectives are met. There were many occasions with both Dana and Encore which looked rather like the trading of HUR at over recent days. In the end they produced the returns which enabled me to be in the position I am today, where I do not invest any amount that I cannot afford to lose, yet am entirely data driven in my portfolio.

From my point of view, RT told me all I needed to know at this stage. We must remember that this is frontier technology. I've known the Bach Ho data for many years and anyone knowledgeable enough listening to the Presentation should have realised that there are no FB wells anywhere which have flowed at our present volumes without assistance. The big and only question is about whether they will continue to be doing so in 12 months and more. If they do, irrespective of other drilling results, the price will imo be far higher. I invested more recently and in doing so did substantially increase my average price, but I've seen enough to persuade me that the risks have diminished greatly since my first investment here in 2014.
I have been an oil exploration investor for over 50 years and above all have learned to be a realist. This is a medium/long term game and patience is the key as long as the right people are in place within the Company and funding is available. If imo they weren't, I'd be out altogether.
In terms of an exit route, I believe that any Major will want a lot more data, maybe as much as 12 months more, but that Lancaster is the key to any deal.

Chikungfunk....My view is that serious investors here will learn from the two official events this week and inform their decisions accordingly. There is no need to try to read tea leaves or make decisions based on possible leaks.

WhichWayNow...as you sold out earlier this week you may not be interested in this, but if you want to read a different view of the WD drill and its effects, there is a long post on Lemonfool dated 2nd July.

Oil offloaded said to be about 350,000 barrels.
This is not is RNS but came from previously very reliable source at the Rotterdam port.

ash666
see latest Company presentation, particularly page 17.

Ghenghis15..

Sometimes not noted that Clare Slightam, the geologist at HUR since 2005, who is Subsurface Tech Director, said

" We believe we are world leaders in our knowledge of how to map, drill and quantify basement reservoirs, which has been highlighted by our drilling success West of Shetland."
Nothing has occurred yet to suggest that she is wrong.

Fred Bloggs
"Centrica's Exploration & Production (E&P), which includes Spirit Energy and Centrica Storage (CSL), delivered adjusted operating profit of £521m in 2018, up by £320m or 159% compared to 2017. This reflects materially higher gas production from CSL's Rough asset, with CSL making an adjusted operating profit of £184m compared to £17m in 2017." from today's RNS

extratrader,
A twist I hadn't considered.
That may be a longshot, but could actually produce the best bidding war.
Big question though is quite which Co or consortium would come out of the woodwork to counter it?
Alternatively, your suggestion could itself be the counter bidder.
An interesting scenario.
There is also a US Co keeping an eye on what is happening here, so I am ever hopeful of a decent price, no matter when!

I respect the views of those on this board who think we can gradually increase reserves with more drilling and hence increase the share price while staying independent. I believed this for a while, but then eventually reminded myself of a substantial investment I had in Encore. By 2011 when the TO by Premier happened, most shareholders had already done very well. Alan Booth did imo a brilliant job, much as RT does here, but eventually the price was disappointing. Many in the City expected a higher bid (indeed one house tried unsuccessfully to construct one), but the price was the price. I need the share price here to double to do as well from Encore and I think I'll get it or I would have sold by now.

I'm unconvinced that a further CPR will happen.
Once we have data from both projects as 2019 moves on, we will see whether or not majors are interested.
The TO value will depend entirely on any successes and with the 'right' results we will see imo a result by end 2019.
I suggest that the 'right' result has to include excellent flows from GWA and going to plan in the EPS on Lancaster.
In meantime I'm far from convinced that we won't see completely unforeseen interests emerging, this is explo while prices are high after all!

Blueclyde
imo the only shareholder holder who will have to agree initially with a to bid is Kerogen.
If good enough for them, most will be happy I think and accept.

nen2319
Assuming you are asking serious questions, there is just about zero chance of Hurricane selling all its assets, but keeping hold of the Company. Unless of course, you mean RT or others wishing to simply retain the Company name, which has sometimes been done.

Agreed ricfle and let's remember Morgan Stanley are more than capable of ensuring more time in event of a total bid. Kerogen's holding is an excellent starting point for a defence which could allow plenty of time for more drilling.
A long time since I was involved in CF situations but maybe not much has changed? Regs may be more specific now, re 'Concert Parties' etc.

knicol46 I think you're optimistic. If he could have done a placing previously there would have been no death spiral finance.