Member Info for Mals1960

I'm a LTH since 2014 and heavily invested with a highish avarage. I can't believe that the CPR will be too optimistic, as FBs are difficult to appraise I'd imagine that there will be a wide range between best case and worse case reserves with a low ball most likely estimate. In addition WI will not be on line until after the bonds mature. That being the case, the current pressure has to provide enough bubble point resistance to last until either a finance option can be agreed or enough oil has been extracted to add to the current funds to pay for the side track, pay back the bonds and pay for the WI. (£230M +£60M +£75M) - £106M, not counting the recent uplift. Am I missing something?
I wonder if connecting to the gas pipeline will offer a mitigation to provide a revenue stream if the bubble point occurs before we have enough cash?

With my limited understanding, are not Spirit funding the Lincoln tie back to the AM with both parties in the JV due to fund the tie back into the gas pipeline? If gas is sold a revenue steam is available from possibly all four fields, depending on the connectivity and the need to choke back well no 6 is pushed back with potentially a wider set of options.

I know I've let you down, the forum down and most of all myself down, hangs head in shame :(

We wouldn't be so doomed if Lincoln could be brought into play and a gas pipeline attachment.

The tanker delay is worrying,

Can we get Whirlwind back if we're looking to produce from Sandstone?

If Halifax is connected to Lancaster and also Lincoln. Could this just whole area become an interconnected gas producer once the pressure has dropped?

Also if Premiers field is within connectivity of the AM could we rent out some unused capacity?

If Hurricane are going to extract oil from sandstone on Lancaster, can we have the Whirlwind field back at least?

Why was the Lincoln well refused permission to tie back to the AM?

Did the O&GA ever give a reason why they wouldn't allow a LC tie back to the AM?

Petro China's Masters will be helping Mongolian Officials keep this plate spinning until Matd goes bust and they can grab it all.

I'm sad to see Dr T go, I've been a holder since 2014. The shallower OWC possibility is a worry but if the board can reaffirm the original depth then this may open the door for other partnerships.

My concern is given the valuation of Heron, what will Petro China and their Masters be currently doing in the background to grab it all?

I think only one well has water issues but if they decided to redrill it would they need additional long lead stuff? also I'd assume that the LC equipment would be held up by Spirit and not released for Lancaster. Like most on here I'm sitting on a large loss and would like to see Hurricane make bet use of the 9 years remaining.

I realize that there will be demands on Hurricanes balance sheet over the next year or so but given that the Aka Mizu has a potential capacity for double the current production and the whole setup cost around £500 Million for a 10 year contract then shouldn't Hurricane be ordering long lead items for at least 2 more production wells to reap the best shareholder value? assuming that the items ordered for Lincoln are tied up by Spirit and that the LC well is delayed.

Approximately 10 Million foreign people have successfully entered the UK since the millennium, how many many of those people have received the keys to our limited social housing at the expense of our own?

In the last RNS Hurricane stated,
"An update will be provided once testing commences and on the completion of well testing."

I assume a RNS is now required to begin the test and does this limit it to a weekday?

I did hear or see from Dr T some years ago about looking for FB along the West Coast of Ireland but I guess he assumed that the current Lanc/ Hali/ Linc/ Warw fields would be farmed out or sold.

Hopefully WW will be successful but this is only half owned by Hurricane, I can't help thinking that a successful well of fully owned Halifax is twice as important.

Anything meaningful needs to come via a RNS.