Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
slipanchor - No RNS needed because sub sea “director” is a title and not a board position. I am sure you can put a name to the link.
GLA.
Experience
N/A
After nearly 15 years at Hurricane, I'm taking a break for a bit
Company Name N/A
Dates EmployedSep 2020 – Present
Employment Duration2 mos
Hurricane
Subsurface Technical Director
Company Name Hurricane
Dates EmployedNov 2005 – Sep 2020
Employment Duration14 yrs 11 mos
Premier Oil
Geologist
Company Name Premier Oil
Dates Employed2005
Employment Durationless than a year
Sipetrol (UK) Ltd
Geologist
Company Name Sipetrol (UK) Ltd
Dates Employed2002 – 2005
Employment Duration3 yrs
Education
Kingston University - Company
Kingston University - Company
Not sure if this has already been posted but the subsea director (the senior geologist) has left the company so the “burn the books “ exercise continues.
GLA.
missdosh - thank you for informing me. Happy to be corrected and if it is 85000 tons that is a lot of oil.
GLA.
Due Wilhelmshaven P.M. Declared 72449 Tons.
GLA.
Just caught up with this. RNS states Alken have no interest in HUR as opposed to no notifiable interest. With no TR1 issued who bought the. 4.9% off book? If it is CA or Kerogen a TRI is coming our way., if not another part of the puzzle to solve.
GLA.
Slipanchor - that’s good I thought it was taking the inland scenic route for a minute, mind you never discount anything with this share. Have a good weekend folks.
GLA.
Interesting article. Just my view but very unlikely that PMG would bid for Scott. TC does not do operator status. The only field where Cross was operator was the Hudson field in his Dana days and that was only because it was part of an acquisition. Possibly CNOOC upping the stakes because PMG really need Scott infrastructure to develop Perth economically.
Rumoured that PMG want a tariff per. barrel and CNOOC and partners want PMG to share the cost of operating Scott so stalemate at the moment.
The % share ownership of Cross and associates mean any hostile bid can only succeed with the blessing of PMG. Interesting JV with Pharis in the latest licensing round.
GLA.
Good for Malcy filled a few column inches with that appraisal on Hurricane, basically saying I have not got a clue as to what is going on either.
GLA.
Is anyone tracking Lincoln lately to see if a suitable vessel is scheduled to retrieve the latest data. The technical report says that the pressure drop could well be Lancaster pumping but the latest data is required to confirm this.
GLA.
One of the most detailed documents Re. Bonds.https://www.hurricaneenergy.com/download_file/force/364/309
GLA.
Unless it is just a glitch there are 134 missing posts from today’s board. Perhaps it was the same reason why Hurricanes technical library disappeared off its website.
GLA.
RNSTranslator - I can answer that re where does it leave the Pi’s V the bond holders. PI’s left high and dry (and I suspect some of us already realise that ) and as you say bond holders are first in line.
Certainly well above my pay grade and just throwing it out to debate but what is to stop a company taking over Hurricane, running it for cash and then sell it on with the tax exemptions. Would the bond holders be in a strong position to demand all of their money back. I suspect they may well negotiate a compromise.
GLA
There has been some goods posts on here the last couple of days (when you filter all the nonsense) with both negative and positive views going forward. Personally I have lost a lot of money and always knew that to put your money into the riskiest sector of the lamentable regulated AIM market was a big risk so no complaints from me. What has caused me some thinking this weekend is the dilemma of the reason have I lost. Is it due to believing in the dream of a pioneering geologist and it all went pear shaped and he could not admit that he was wrong. I can accept that although his data was confirmed by “expert “ consultants and not questioned by the independent directors until there was no where else to hide.
How Kerogen react and to a lesser extent the three companies shorting the shares is important. Is it possible this company could be run for cash and then sold on with the eye watering tax advantages? Just my personal view but it must be done before the board start spending the cash on remedial work. At the moment my view (subject to hourly changes lol) is that Kerogen will take over the company but keep it listed while it suits, whether they will leave a few crumbs on the table I do not know. The bond holders are in an unenviable position as well In this scenario.
Whatever the outcome none of us can re-write history so please carry on living life , the sun is shining!
GLA.
For those interested webcast via www.hurricaneenergy.com. @ 9.00 a.m, tomorrow.For P.I’s 14.00 via Investor Meet Company.GLA.
The O.G.A. made a field determination Proposal for Lincoln in early July. Hurricane then consult Spirit Energy and their response to the proposal must be within 60 days which means early September. A defining month all round for HUR.
GLA.
I have. It is an opportunity for everyone. I do not know of many companies that have a Q&A specifically for PI’s. Well done Hurricane.
GLA.
PMG awarded 3 licences. Interesting that Athena Exploration where the much respected Colin Percival decamped to awarded 3.
https://www.ogauthority.co.uk/media/6673/32nd-round-winner-by-administrator.pdf
GLA.
Hi Bitethebull - I am fine. Firstly apologises, OGA link posted this morning is not new news and I have just seen another poster had already posted the details but for some reason I received it as an update this morning.
I would never advice anyone on their investments as we all have different time frames and risk/reward thresholds. As far as PMG is concerned I am underwater as I suspect yourself. Everything was against PMG - gas prices, oil price and even the planning permits in the Netherlands being harder to obtain. The positive is that all all areas are looking better so personally I see no reason to sell now but that is a personal view.
It is known Dana want to sell some of its portfolio so I wonder if they are committed to progressing Platypus with any speed. Perth can still move forward once the economic horizon appears clearer so I remain positive on that .
GLA
https://itportal.ogauthority.co.uk/eng/fox/path/PATH_REPORTS/current-projects?PATH_PROJECT_ID=261
GLA
The company issued a RNS on 6th. August part of which referred to the start up to be imminent and prior to shut down producing at 17k per.day. That is all I need to know. In the meantime bottom line increasing by around £10M per. month and a present mkt. cap. of £93M.
GLA.