Member Info for shedful

Maybe news arriving on Monday.

Correct Spe.

https://www.spe.org/industry/docs/Petroleum_Resources_Management_System_2007.pdf

Might be of help for some.

https://www.spe.org/industry/petroleum-resources-classification-system-definitions.php

https://www.ogauthority.co.uk/media/4326/uk-reserves-and-resources-31-october-2017.pdf

http://gaffney-cline-focus.com/i-know-what-reserves-are

Maybe-maybe everything depends on the EPS and proving it up as 2P will give the sale price rather than C.

Once 2P are proven reserves then these should be worth around $10 per barrel so near enough the $17bn for Hurricane Energy.

Quick question why are MS giving 2C $10bbl value or do they mean 2P, or do I have wrong end stick?

From pro

http://www.proactiveinvestors.co.uk/companies/news/204856/hurricane-energy-moves-tangibly-closer-to-first-production-but-speculators-will-be-counting-down-to-new-drilling-204856.html

£3.81p Seems a bit low to me.

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If you look at RNS 10 April 2018 under contracting
Hur increased their team
Hur also had permanent reps in DDD

Well if you can’t be bothered, why write it.

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What’s a clipboard

49p

WW
You mention Neil Platt not me and
I know that HUR have around 15 to 18 persons working for them and some of them are probably contractors, therefore Hur will have contracted people to watch over the works and report back to the Hurricane top management

I am also quite sure they were attending meetings on a regular basis to ensure the works were going a smooth as possible.

There is no way that Hurricane did not have reps on site.

Until that point share price is irrelevant unless buying more.
Anyone selling before FOIL has bought in for questionable reasons.

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Haggis

Maybe people are selling shares so they can buy more shares cheaper, I dont see anything questionable in that, after all everyone is here to make money and if they do that within the rules then good.

Hur are the client and they probably had a few people on the works in the NS and DDD making sure their contractors were doing a proper job.

Get rid of the wife :-)

Thanks Ricfle It will be interesting. Cheers

So how far downwards is the SP going to drift before it ticks up.- anyone.

I have followed this company and been invested in this company a lot longer than many but
My crystal ball is foggy and cracked like a brick hitting a piece of laminated glass

and the SP in my opinion fwiw looks like it will keep a downward movement again, this being due to the works now waiting on das boat from DDD.

Unless of course BP buy the whole shooting match (the bit that Spirit dont already own).

This is just the way I see it at this minute.

Dreadful response to the RNS at this rate be lucky to a penny on the SP by the end of the day.

Economist saying if sanctions on Iran go ahead in November then oil can hit 100 barrel, if no sanctions the around 70 barrel. Soon find out and it’s twitching near 80 barrel (70.30)