Member Info for mrJimV

Spirit Energy seem to be coming up with a lot of cash to get this site developed fast , $387 million is what HUR could of done with a couple of years ago , , HUR will be producing end of this year beginning of next year so they will have a large cash flow coming in and now with Spirit Energy putting all that cash in deveoping Warwick and Lincoln seems HUR will be awash with money mid 2019

SIPP / yes I read it , I had to spend more time reading it , very busy day for me today but drilling wells 2019 and FOIL 2020 , seems ok and will speed up development on the whole site in the end so good RNS , maybe no sell out but could well give us a good SP , the 50% on Warwick and Lincoln shouldn`t be to much of a give away considering they seem to have more oil than first thought .

In a nutshell this is what a lot on the BB wanted and seems the same what HUR wanted .

From the RNS .
The GWA Farm-in significantly accelerates the development of the GWA, providing a clear path to its phased development and bringing forward a potential full field development FID by a number of years. Notwithstanding the significant cash flow that the Lancaster EPS will deliver, Hurricane would not be able to undertake such a development on a standalone basis without impacting its ability to continue progressing its GLA licences. The GWA Farm-in provides Hurricane with a new leg to its business, with a large portion of the up-front capital expenditure funded, whilst freeing up cash flows from the Lancaster EPS for appraisal and development of the rest of its portfolio.

JS/ Yes I read it and they are now going to drill 2019 -2020 opening new wells , these could be producing next year IMO certainly 2020 as they say , HUR has more oil than they first thought and could well have more on Warwick and Lincoln so giving away 25% is a good deal IMO .

ifonly / yes a good deal

That was a good kick start to get the next 2 wells into production , soon the AM will set sail and start producing in the next couple of months , next year we will have 4 wells producing and maybe work on a following 2 wells . Ronda Ridge could be in the making big time in 2019 .certainly should be our year

Genghis / You couldn`t be more right the whole field will get developed so much quicker now , it is the start of something big , let the SP settle and the news sink in and watch the SP grow with regular news .

the link doesn`t just go to ownership , so go across to ownership then change from fund to ii`s and then you will see what the ii`s have been up to last few months . should get an update any day now .

Should get an update on what the ii`s have been upto during August anyday now .

https://www.morningstar.com/stocks/xlon/hur/quote.html

Looks like the ship has moved forward this morning , maybe getting ready to tease us again lol.

bobster ,yes you right to remortgage to buy shares takes some confidence in whats happening on SXX , i expect a few have done the same or taken out loans because they know what is happening first hand and good for them ,certainly a lot of locals are fully loaded with SXX shares ,

Nice one Fritz , good to see the spies are out and should be talk of the town around that area . hopefully should get some new investors interested .

I see the reporter in MF owns shares in HUR , wise man , I think a takeover maybe H2 next year after drilling next 2 wells , £3 - £5.00 , IMO

Thanks for correcting me there Mario , maybe this weekend could be lucky for a trip around the light house .

DiveCentre / Hahaha no not read them , bit new to watching the ship , yes those lines look a bit springy haha hope they have the fenders out ,

Very good day ,it would be good to get back to our 55p high before the AM leaves Dubai or at least finish it`s sea trials , checking on Vessel finder I notice a lot of small movements today ,maybe they have been working on the thrusters either replacing or servicing only because of the amount of movement over such a short distance , or just moving the ship for other reasons but certainly looks like it will be on the move soon ,

cheers mario , I get what you are saying and will check it out thanks

Sorry Mario i didn`t see your post and just started a new thread which i didn`t need to do , i will put my last post again on your thread .
I have a strong feeling that the AM is going out today , bit of activity yesterday and I think it is all going to happen again today but the ship will go out further .

mario do you use AIS vessel finder or other , i use AIS vessel finder free app but my brother uses AIS pro and seems to be slightly better than what i use ,

I have a strong feeling that the AM is going out today , bit of activity yesterday and I think it is all going to happen again today but the ship will go out further .

AM has moved to mid Harbour maybe 2 lengths