Member Info for senseman

ADVFN posts today re backup issue

23/2/2022
09:51 Kooba - I am a total NON oiler, but I can confirm that there are two ESPs in each of P6 and P7z - In a discussion with ADOUBLEUK on either this board or LSE he explained to me that there were two in tandem (I had asked the question whether they were in parallel, so in theory its a question of switching on - although strangely this did NOT happen at the last failure !!
noelpbz1

23/2/2022
10:03 I have written to the company and asked the position on zee pumps. It is effectively in the public domain from their website and commissioned 2017 CPR so theres no reason to think its incorrect. So i am really looking for confirmation.I haven't got an answer yet! If i don't get one i will contact CA and see if they know or can give clarity ..it really is the company's function though and a very reasonable question which for all intents and purposes is not non public information.Used to have a good relationship with Phil Corbett Hurricane IR who has moved on..he was careful what he disclosed but pretty much always responded...now at Jadestone Energy i believe.
kooba

consensus over on ADVFN this morning that both wells 6 & 7 have 2 pumps installed (ie. both have back-ups). my recollection also. poster noel recalls ADUK confirming this to him. kooba is writing to HUR & CA requesting clarification. clearly could be crucial info re confidence, protection etc in case well 6 pump fails. if backup exists in well 6, crucial question then is how easy and quick to get backup operating. it's well downtime which is crucial. but clearly if an inbuilt backup does exist, it's the best starting position to be in if and when well 6 pump does fail

morning, VanNuys. bitterness doth become thee

Kind words MPBUK. Thank you. Appreciated by all who put in a shift. Sadly one can only wish one could write it was a pleasure.
But the rising Phoenix now beats it's wings ever stronger and soon may soar to view anew the bright sunny uplands

retired - you know why. CEO & CFO had to be kept or HUR would have had 31 days to find news guys or be AIM delisted and the bondholders would have been back to court pronto. and someone had to show new neds how HUR was run and where the biscuit tin was kept. they remain in place on license and CA will replace them when the bonds are gone. i reckon will be this year AGM, by which time CA will have found replacements

the 31p broker rating on 2021 figures was for HUR derisked. risked it was just under 8p. please retain perspective and do not mislead

Well precies succinctly and correctly - it is simple stuff
downside of CPR 3 - zero
upside - ANY material upside from CPR 2 - impact on HUR SP - HUGE HUGE HUGE - MONSTER MONSTER MONSTER
peace of mind for circa $1 mind - A NO BRAINER

from senseman post 17 jan - $100 million free cash by end july 2022

'and you end up with +$100 mill. i would say more likely +$120 mill
+ Brent price probability more likely to rise than fall next 6 months
maris needs a new calculator - $8-$38 mill? - on what planet?
tell me where i am wrong'

if respected oil price forecasters are correct, it is wholly plausible, indeed more likely than not , that by end july 2022 HUR will have circa $100 million free cash (give or take)
moreover, should forecasters be correct that $100 oil will last into 2023 due to demand exceeding supply, it is plausible that HUR could have circa +$180 million free cash in bank by end jan 2023

i have heard, off the record, from more than one reliable source, that the ceo still believes 'no mistakes were made, we did nothing wrong' and that he is incapable of making decisions.

growing number of most respected analysts now EXPECT oil (WTI) to be above $100 for EXTENDED 6-9 month period starting sometime Q2, even if Iran deal done as Iran's circa 1 million barrels will be swallowed by recovery by time it filters through.
if they are correct, given that Brent usually carries $2-$3 premium v WTI, HUR has 6-9 months at $100 to look forward to.
that would be wonderful. it would mean +$35m mill profit an offload according to my bean counting. whatever the specifics, it will be coming at exactly the right time for HUR

https://www.bloomberg.com/news/videos/2022-02-20/vitol-ceo-russell-hardy-on-100-oil-video

MrWIlks - post of the week [ wonderful....!!))

'he is prepared to allow russia to become a pariah state ask north korea or china rather than change tack. the west must accept this and the economic pain to the west of allowing russia to become a pariah state. there is no alternative to accepting this painful reality'

truly excellent times on sunday articles today re russia putin ukraine - bottom line (i paraphrase) 'Putin's overriding raison d'etre is long term regime security for himself and kleptocracy behind him. his recurring nightmare and most watched video clip is being hauled from a drainhole like libya's gaddafi by his own citizens. he knows that without a buffer zone at some point russian will see neighbouring states enjoying democratic elections and increasing prosperity and say ' we want some of that'. the moment that occurs he knows he is toast. that is why he introduced laws making him president for life should he choose, and laws making him and family members immune from prosecution for past, current and future deeds. he cannot alter course now because that would also mean death - the kleptocracy he created will not allow him to do so because any change of tack also means their demise. navalny is being tried in camera inside prison on trumped up charges for which he will be given a likely 10 yr sentence because putin fears an open court trialin a moscow courtroom would see hundreds of thousands muscovites protesting on the street and he cannot send in tanks against such numbers.'

quite agree hasiba. 3 offloads with this high brent will give cash protection against black swan event, bolster SP and make HUR more attractive to farmee or reverse takeover sale. since AM already half full again, we need 5 months continuing good luck to build secure stability base in quick time. then we can be more sanguine and relaxed about brent price vagaries

good for HUR
https://oilprice.com/Energy/Energy-General/Not-Even-200-Oil-Will-Make-Shale-Giants-Drill-Aggressively.html

chique
overall professional consensus next 6 months)most crucial for HUR) is supply shortage pressure hence Brent same or higher
Saudi raising or Iran starting would impact but 1. takes time & 2. won't relieve all supply shortage pressure.
Saudi & Russia need circa $65 a barrel to balance the books. Now is chance to build cash balance after Covid lows.
Green conversion will see oil becoming more valuable with limited exploration.
It is is NO oil producers interest to overproduce and cause price war crash. They will have learnt from last time and now resources are more finite. I do not see it reoccurring
I think we will see $100 oil and as soon as HUR build $100 mill cash balance protection it matters less if oil drops to $90 or $80. I think oil will stay high minimum 80-90 and expect see $150 oil within 5 yrs. But I may be wrong.

and cebo - shame on you. if genghis is not doing it deliberately, he is clearly thick. in that case he may be a very nice guy. if he isn't thick and so is doing it deliberately then he is deviant and not a nice guy. there is no 3rd alternative. please wake up and smell the roses

genghis - i am sorry, i wholly disagree
the BoD lied to the court that Bluewater were unwilling to do a deal - the BW CEO emailed RB of CA confirmation they had been rebufffed by HUR BoD and gave permission to give it to the court
thee BoD lied to the court in stating economic production would end circa july 22. i found the business plan document HUR has sent to bondholders but not included in court docs stating well 6 economic was good till feb 24 and sent it to court
the judge fell about laughing when the judge read these overnight emails RB and I sent him and the scamplan was scuppered
re Po0 - again nonsense - i posted within days of court hearing end that on a common sense level oil would recover to $80 by Xmas 21 (it reached it in Nov 21). vaccines started working jan 21 and oil rose to +$50 jan 21, it was mid $60's june 21 court date. markets always rebound more firmly and exploration has been killed. so only the blind could ignore the reality that POO would rise rise rise. it was thus EXPECTED!!
i could go on but why bother
it pees me off when people selectively rewrite history. and when they mislead by omission. a lie by omission is exactly the same as one by commission
i would imagine that by cebo posting 'genghis is a nice guy etc who has just omitted a few things' you know each other.
kindly stop writing worst case scenarios on highly selective 'facts'. that is precisely what maris has been doing to pull the SP down, and precisely what HUR & bondholders' QCs did at the court hearing to try and fool the judge and steal the company

i bought a small barrow load at court hearing time circa 1p
broke my heart not having 10K (or even another 1K) to go all in for a small truckload, still does
had i the money then, would now be rich and worry free (in my terms)