Re: Hurricane Energy (HUR)
Posted: March 28th, 2019, 11:28 am
HUR: Hurricane Energy plc, ......... announces its final audited results for the year ended 31 December 2018.
http://ir1.q4europe.com/IR/Files/RNSNew ... 263031.pdf
https://www.hurricaneenergy.com/downloa ... ce/457/222
Focus on technical reserves to make point of scale
Clear use of term "supergiant" for both GWA and GLA.
Whirlwind and GLA appraisal drilling from own resources (GWA from Spirit)
FID on debottleneck & GWA tieback end Q3 2019, leads likely to doubling of EPS reserves in 2019 (62 >> 100+)
Hint that AM might be 10-year plus, i.e. plus
Hint that may be considering not using ESPs for FFD if initial natural flow enough (my opinion: alternativs are fit for but not with, or plan for gas lift if GOR high enough (also mops up gas in additional compression energy))
WOSPS gas export tie in planning proceeding, (interesting sizing problem imho)
good notes re down hole gauges, still unsure whether memory gauges, wellhead data access, or plans to tie-back for info acquisition (i.e. FO to wellheads)
more mature acceptance that HUR is : explorer, developer, producer (i.e. not just find & flip)
non-cash $42m bond loss (forex valuation methinks, sounds like Brexit ...)
No additional data, so my latest quickie valuations from 15-Sep-2018 still stand unchanged : viewtopic.php?f=16&t=796&start=100#p166573
regards, dspp
http://ir1.q4europe.com/IR/Files/RNSNew ... 263031.pdf
https://www.hurricaneenergy.com/downloa ... ce/457/222
Focus on technical reserves to make point of scale
Clear use of term "supergiant" for both GWA and GLA.
Whirlwind and GLA appraisal drilling from own resources (GWA from Spirit)
FID on debottleneck & GWA tieback end Q3 2019, leads likely to doubling of EPS reserves in 2019 (62 >> 100+)
Hint that AM might be 10-year plus, i.e. plus
Hint that may be considering not using ESPs for FFD if initial natural flow enough (my opinion: alternativs are fit for but not with, or plan for gas lift if GOR high enough (also mops up gas in additional compression energy))
WOSPS gas export tie in planning proceeding, (interesting sizing problem imho)
good notes re down hole gauges, still unsure whether memory gauges, wellhead data access, or plans to tie-back for info acquisition (i.e. FO to wellheads)
more mature acceptance that HUR is : explorer, developer, producer (i.e. not just find & flip)
non-cash $42m bond loss (forex valuation methinks, sounds like Brexit ...)
No additional data, so my latest quickie valuations from 15-Sep-2018 still stand unchanged : viewtopic.php?f=16&t=796&start=100#p166573
regards, dspp