Member Info for MaryMullins

Permit applied for Paul B Loyd by Petrofac on 8th. June, start date February 2021 for above well. Not sure if already posted.
GLA.

Just a view, maybe a bit conspiracy ish to some. Shake out as many P.I.’s who are/were holding at a much higher average SP. Encourage new P.I.’s who are now holding at a much lower cost and possibly in profit. Hence no TR1 and a low ball figure for a takeover more palatable.
If you did a straw poll on this BB how many would be happy to accept 15-20p. My guess is quite a few.
It would be a disaster for me personally but a possibility ?
GLA.

Not into charts at all but it is refreshing to see your enthusiasm, what folk cannot accuse you of is being afraid to predict events. Good luck.
GLA.

you have seen it all. We all know that AIM and the O&G companies are very high risk but today it was taken to a new level and I have seldom seen such aggressive trading and there is no sign it is over yet.
An operational update is due within the next week as well as the field determination on Lincoln . To me Lincoln is crucial, if it goes in HUR ‘s favour £12M. can be returned to the unrestricted cash and then the BOD should be able to plan for the year as all the other capex is accounted for. The BOD is working on a $30 oil price so hopefully we can average at least that, hopefully more.
GLA.

I think we can safely say that the order book , strength of buy v sells is all irrelevant and has been for a number of weeks. This share for whatever the reason is being controlled within set parameters but why?
Controlled buying or selling or even a combination of both makes sense but the lack of a TR1 leaves a big question mark.
Just my opinion and I think we may all become the victims of it. A low bid takeover which a few months ago would have been laughable is a fair possibility now.
GLA.

The reason given to appoint Beverley Smith as non-exec was to comply with the 50% rule of the Financial Councils’ Governance code. Subsequent events cause me to question if this was the real objective. If she is appointed CEO it means Robert Trices’ future was predetermined months ago.
GLA.

Sorry to see RT and some LTH’s go. Just an opinion but there are some big hitters on the corporate side now which may bode well for the future. The company is not being set up to be a failure that is for sure. Whether it is PI’s, Kerogan or one of the majors that are the beneficiaries we will have to wait and see.
GLA

Hurricane talk of reaching a “plateau” level of production from 6. I believe it has previously been tested in isolation for 50 days. Would my thinking that plateau production will take longer than 50 days be correct or not. Any help appreciated.
GLA.

Pelham Capital reduces by 1 46%.
GLA.

Thanks for the advice but we are all good. Enjoy another glorious day folks and try to resist feeding the devil.
GLA.

I am sure we will all recommend the Tuan 6 post. Succinct and well phrased. In the meantime LTHs just smile and say we are good thanks to the doomsayers.
GLA.

Very good news regardless of how market reacts. Strengthens the finances by £26M. for this year and just as important HUR now in a position to finally plan this years work programme.
GLA.

Not sure it is correct as to what is attributed to Tom Cross re. platypus and the O.G..A. “Prioritising” work. This is from the O.G.A. by the operators Dana Petroleum.
“ Platypus Sanction was expected in Q2 2020 which is under review as we are assessing the impact of COVID-19 and the general industry economic situation. A further update will be published once we have a clearer picture of how we intend to move forward”
GLA.

Thanks for the replies. Might see a spike late this afternoon when E.I.A figures released. Probably the kiss of death
GLA.

Any shipwatchers with a view as to why there is a second tanker alongside the Navion Oceana or just a blip on AIS ?
GLA.

Daltry - Did seem unusual to me for the reasons you mention.Let us hope the next R.N.S. relates to Lincoln Crystal and it is positive. At least whatever O.G.A. decrees we should then know exactly what is planned for the remainder of 2020.
GLA.

A bit puzzled as to why this is worthy of an RNS ?
GLA.

I am afraid you are mistaken. My account is also with HL and there have been a occasions when there is no quote available and they give you options as what to do.
GLA.

Poor old Dr. T and the O.G.A. take a regular bashing on here much of it undeserved.
O.G.A. They have been a strong supporter of Hurricane since its conception when they (in a previous guise) spoke of their support for innovative licence applications and Hurricane certainly fits the bill there. It is part of the Pathfinder project that promotes the most significant exploration and development in the North Sea. Doctor Trice has said on numerous occasions both thanking the O.G.A. for their understanding and support. The simple fact is that the licence is awarded on strict undertakings well known and of course accepted by Hurricane. There has to be a valid reason why Hurricane should be allowed to deviate from these conditions. Propably the press release by O.G.A. is the most relevant in that it refers to a flexible approach because of the wretched virus. We will not have to wait long however as the decision re. Lincoln will be made in “weeks rather than months“. ( Dr. R. Trice)
As far as the good doctor is concerned very much a case of damned if he does damned if he does not re. the CMD. He made a commitment to hold the event in less than ideal circumstances through no fault of his own. Can you imagine If pulling the plug on the event the fun the trolls would have had.
Was it an outstanding success? Certainly not, Dr. Trice is not one of life’s natural orators and I am sure he realises it. I do not expect a professional sportsman to be a good communicator that is not what he is good at. However Dr. Trice is a world renown expert on Fractured basements - fact.
Should Hurricane rejig how it presents future CMDs ? yes.
For me without doubt give me Dr. Trice over the plethora of oil snake salesmE on the most risky of markets AIM. Rant over stay safe everyone.
GLA

https://rigcount.bakerhughes.com/