Member Info for somm

Go on then V2cola,

Your findings are eagerly awaited...……..

Thanks TrustILie,

That was my take too, but I was asking for similar gas elevations - that proved to be commercial.

Does anyone have any other gas show levels to compare with the below from other Companies wells?

Ignoring the 1M ppm are these gas elevations good/ high?

''The upper secondary target ("Mag 60" or "Lobe G") was encountered at 1,977 metres. Within this package two fine-grained sandstones have been identified that coincide with elevated gas shows of 109,900 parts per million ("ppm") and 149,500 ppm against a background of 16,500 ppm.

''The primary target ("Mag 20" or "Lobe C") was encountered at 2,181 metres and coincided with elevated gas shows of 72,900 ppm and 80,300 ppm in the uppermost 15 metres within a fine-grained sandstone. Two cores, of 19 metres each, were taken over the primary target between 2,185 metres and 2,223 metres with 100 per cent recovery. Further analyses will be undertaken on the cores, but the lower of the cores showed a well-developed fine-grained sand in the bottom 10 metres.

Thanks

The share price is 80% down since I bought my first tranche and every tranche since is down massively.

How can MH justify receiving 23,000,000 new options?

What happened to share performance related Awards, oh I get it, the worse the share performs the more shares you get.

Outrageous and he should be embarrassed!

23,000,000?

Don't forget those that bought in at nearly 20p are now invested in a Company with a 19% WI not 100%.

To get their money back (mine too) at 20p is long shot now and would be a breakeven result.

Only new money will make multi bagging possible IF commercial flow rates are found.

They must have read my post yesterday :-)

Just shows though that those who said the horizontal drilling was half through or was be drilled already don't have a scoobi doo.

Now the horizontal drilling has started today I'd guess a couple of months or more to complete.

I guess they're still testing the vertical section before they start drilling the horizontal section?

Nearly three weeks to fully analyze vertical section?

Or have they started drilling the horizontal section?

Subject - WW discovery

The fact is WW has moveable 43% light oil and 1 billion barrels of OIP have been described as being a sizable oil discovery, which will add 2/3C numbers to the next CPR.

HUR will concentrate on putting Lincoln into production and we will no doubt see production increase next year to 20k+ boopd with both wells online and another appraisal well spud to boost production / OIP numbers.

Do you see HUR share price at 70p next year? I do and buying in at todays share price will double my money, that's nailed on in my book.

Low flow rates on WW big deal, the oil is there and flow can be increased further down the line - what if WW is in communication with LC? start thinking of bigger number...………….

RNS month end with hopefully news of WW/LC being connected..... https://www.youtube.com/watch?v=LMGdRgtblmk

''The analysts also said theat they were "encouraged" by the fact that the Lancaster early production system had now been been producing for six months with no water encountered thus far.''.

CPR in Q1 I reckon.

'Berenberg stays at 'buy' on Hurricane Energy despite 'disappointment' at Warwick West
(Sharecast News) - Analysts at Berenberg reiterated their 'buy' recommendation and 100.0p target price on shares of oil and gas explorer Hurricane Energy despite the disappointing test results for its Warwick West well.''

"Headlines from the Proactive UK newsroom.

Hurricane Energy (LON:HUR) has made a large discovery with its Warwick West well. It flowed light oil naturally at a rate of 1,300 barrels per day according to operator and Centrica subsidiary Spirit Energy. Warwick West is the third well in the current drill programme at Greater Warwick."

A large discovery :-)

Lincoln confirmed to contain light, 43° API oil.

Warrick West confirmed to contain light, 43° API oil.

Another clue toward a possible WW/LC connection?

In their 2017 Competent Persons Report, covering Hurricane's Rona Ridge assets excluding Lancaster, RPS Energy concur with Hurricane the possibility of connectivity between the two structures, but have elected to take a conservative approach by evaluating them as separate structures, at least until a well is drilled at Warwick. They consider the potential for sealing faults in between the two structures and splitting the Warwick structure in two, based on seismic and gravity map data. This is shown on the image below (Figure 7.7 from the December 2017 CPR).
RPS model a range of uncertainties in the CPR related Warwick, assigning Best Case Prospective Resources of 935 MMboe to Warwick (gross), with a 77% chance of discovery.''

So now we have 2 wells drilled and Warrick with light oil flowing from WW - no mention of pressure gauges being put in the WW well in todays RNS? - is that because HUR only need gauges in LC to tell if there's communication between Warrick and Lincoln?

Will they stick with their conservative communication view now?

Warwick

low - 228
base - 935
High - 2,790
77% CoS

Even using the Low case on Warrick it's another 100 million barrels OIP to HUR, next CPR will tell...

Meant WW is not a gusher not LC.

Communications between WW/LC is what it's all about now, which we should get to know about later this month.

LC is not a gusher (1,300 barrels of light oil is proof of moveable light oil - that's all we needed to know at this stage), but that doesn't matter what matters is 600 million barrels of 2C in WW are waiting to be added to LC's pot and probably much more if in communication.................Lancaster too?

Any way we will get to know more this month end further analysist has been completed.

It's not all about the flow rates on LC, but some folk won't get that.

WW calling LC come in LC......... LC please come in......................LC here!.......................boooooooom!

I guess the 396,000 seller wasn't there?

Must have been a Hot Dog.

The live feed may have been a c-up, but they would have filmed it surely and in that case I would expect to see on the website/ YouTube?

Meant to say 'isn't especially convincing'.