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How do we know it is the first part of the horizontal?
Sounds as though we could o with a bit of fracking going on down there... only joking :)
Thought that they may have forgotten how to send an RNS but no they obviously haven't.
With now 4 shares for a quid then HUR with a tanker full of crude has got to be a fair bet.
Agree with you,why have a rig stood by when you can be using it.Let's be on and get Lancaster producing more and hopefully tied back to the AM. Time is money, we want to be progressing not paying for a rig not in use.
A separate point,it seems to be that HUR have implied that they will be going more vertical in their future drills. I find this
a little curious, is this because they are more confident of hitting the more prolific sweet spots now rather than drilling
long lengths of horizontals.
Seems well out of date that note from Edison.The company will update on WW after testing.
However at a value of 102.8 then I will except the 102p and am not to much bothered by the 0.8p.
It seems that all the bad news is now out of the way.Hur continuing to produce ever increasing amounts of oil and making
profits.They are concentrating on getting the oil out of Lancaster and not drilling holes all over the other areas. Makes sense
at this stage to monetarise your proven assets and explore further out later.
Thanks to hazydaisy on ADVFN
Stena Natalita on its way to the Lancaster Oil Field
Is it likely that she has been brought in for a main stock market listing.
O.K. thanks again mate.Your take is appreciated.
Thanks wellwell. It seems incredible to me that the OGA do not give oil companies long now (even with a discovery) to keep
a well bore open.There must be some newish law that says a well must be abandoned within so many months if not utilised.
I just hope that we can get this gas link tied up quickly with their approval of course.
wellwell while we have a tad of spare time.What is your take on the Lincoln tieback. The latest RNS infers that it is really
in the hands of the OGA whether this will go ahead in 2020 or abandon.
Full article from the Herald plus we also have a mention in the Daily Mail today.
Http://theherald.newspaperdirect.com/epaper/viewer.aspx
Oil firm highlights scale of Shetland field
SHETLAND-FOCUSED Hurricane Energy has seen its shares surge after the company underlined the potential to produce massive amounts of oil from its finds in the area.
After starting production from the pioneering Lancaster find in June, Hurricane said output from the field is expected to average 20,000 barrels oil per day next year putting it on course to generate massive sums.
In an update on trading Surrey-based Hurricane said revenues from Lancaster for this year are expected to be around
$165 million (£125m).
Output from the early production system (EPS) developed for Lancaster has averaged 12,500 bopd since September.
Hurricane will use the results from the EPS to help decide whether to proceed with a bigger development at Lancaster, which is estimated to contain more than
500 million barrels.
The Aim-listed company is working on plans to bring the Lincoln find it made nearby into production by linking it to the floating facility developed for Lancaster.
Chief executive Robert Trice said 2019 had been a transformational year for Hurricane, which has helped generate huge interest in the relatively under-explored West of Shetland area.
Hurricane has focused on the fractured basement layer of granite beneath the sandstone most North Sea wells have targeted.
The company won a huge vote of confidence last year when the Spirit Energy business owned by utility giant Centrica bought into its acreage and agreed to fund an $180m drilling campaign.
This included a well to appraise the Lincoln find, which produced strong results.
The firms made a find with the Warwick West well earlier this month but initial results suggested it was smaller than investors had hoped.
Hurricane Energy shares closed up 10% at 33.2p.
Separately, Spirit said it had made two finds in the Southern North Sea, without giving an indication of their size. Centrica plans to sell its stake in Spirit, to focus on selling energy.
But maybe he has taken a leaf out of Neil Woodfords book (it will all come out alright in the end, especially as I keep taking
those fees)
A very good post bocase. I see one or two copies being passed around fellow investors.Maybe you should send a copy to the board of Hurricane.You could especially highlighting the fact that Mr Stobie has yet to buy shares in the company that he financially looks after. Now that's not good PR.
Personally wellwell if we have to be aligned with someone then I would sooner it be the new world rather than the old world.
At least the Yanks speak English although that fact can be debated.
Sorry for off topic daltry, it just a tad quiet at the moment.
haggis,not being funny mate but I hope you have to pay a lot more to buy your shares back.
I know why you did it though,it was a natural hedge.ATB
Posted by our friends on ADVFN.
Some positive new. Hurricane Energy (LSE: HUR) has a new RNS.(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. Nonetheless, while the flow rates at Warwick West were insufficient for it to be commercially viable, the analysts had only assigned a 10.0% probability to its success. "The focus remains on Lancaster, where results from the early production scheme (EPS) continue to deliver in line with guidance," they said. Indeed, of its 100.0p per share net asset value estimate for the whole company, the broker had assigned just 4.0p per share, on a risked basis, to Warwick. More important would be the one-well tie-back to the Aoka Mizu floating production storage and offloading (FPSO) platform from Lancaster that was planned for 2020. Berenberg put the odds of sucess for the tie-back in the Greater Warwick Area at 75.0% and had assigned it a 6.0p per share value on a risked basis. The total value attributed for a full-field development of the broader GWA was 27.0p per share on a risked basis. 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. "We await further production data before derisking the GWA development in our NAV any further."Contact us if you need any help
"Scotland GDP $216 billion
BP Revenue $ 302 billion
Not quite comparing apples with Apples but a good point ADUK :)"
Is that before or after taking account of the subsidies Scotland receive?
Well it is nearly Black Friday,so we can buy them while they are cheap.
Hey Feelinlucky ,why has your title " ship watch" got a capital S in ship and mine hasn't. I am feeling really hard done by here.