Hurricane Energy (#HUR) - H1 report, had £10.1million on 30 June
- 2015-09-22 23:07:36
UK 08:08 Wednesday, 30 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Featuring shares in Blur Group (BLUR), Empyrean Energy (EME), Hurricane Energy (HUR), Tri-Star Resources(TSTR) with share price targets set for all four stocks
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Hurricane Energy (HUR), McBride (MCB) and Pantheon Resources (PANR) setting share price targets for all three.
Everyone knows J. Paul Getty's formula for success: rise early, work hard, strike oil; and pretty much everyone I know in the oil business rises early and works hard, some of them even strike oil. So it's hard to find many oil folk who don't believe in the quote, of course the tricky bit is the last part of the aphorism. Striking oil generally requires a decent dollop of good fortune as well as brilliant geoscience and that elusive material, money; however when we do strike oil these days we generally manage to keep it in the well, unlike these pioneers in times past who needed to have a decent turn of speed when they struck oil.
How do you know what a North Sea development project will cost? Well, most of us have our rules of thumb, some a tad more sophisticated than others. They range from just knowing that North Sea capex per barrel has been running at nearly $30/bbl for the last few years to sophisticated computer models based on construction rates and equipment weights.
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Hurricane Energy (HUR), Nostra Terra Oil & Gas (NTOG), Oxford Biomedica (OXB).
Sitting in the auditorium at DEVEX 2015 last week, waiting somewhat apprehensively for my chance to tell everyone about our Pilot project (go on, click the link and watch the talk you know you really want to), I found myself listening to Neil Platt of Hurricane tell the world how Hurricane's plans for the Phase I development of Lancaster had shrunk from a multi-well development with a conventional moored FPSO down to a single well EPS (Early Production System) tied back to a DP (Dynamically Positioned) FPSO; I thought – "I know the boat you need, and it will cost virtually nothing."
The two leading bear raiders in London, Lucian Miers and Evil Knievil do not always agree but right now both have Quindell (QPP) and Avanti Communications (AVN) as their largest two shorts.
Infamous bear raider Lucian Miers is of the view that the oil price is not going to spike higher in a hurry and that this is going to cause real pain across the sector. He has made money shorting Afren (AFR) where the debt looks company consuming at current oil prices but perhaps the bid will save it so Miers has closed that position. However...
The referendum on Scottish independence has been causing a fair amount of uncertainty in UK offshore oil and gas companies. Hurricane Energy (HUR) is amongst them and I see the recent dip in the share price as a great opportunity for new investors to get in or for existing ones to add to their holdings before news comes.
Hurricane Energy (HUR) announced some fantastic news last week, but like most AIM shares these days it didn’t stop the share price being manipulated. This oil explorer with assets in the West of Shetland area revealed that the appraisal of its 100% owned Lancaster discovery had been a huge success, with flow rates as high as 9,800bopd being achieved.
Following successful Testing of its Lancaster well this morning more news is due from Hurricane Energy (HUR) when rig operations have finished. I believe that this data will prompt an upwards revaluation of the numbers for this field.
Following my article on (HUR) Hurricane Energy, HERE, I hot footed it down to the AGM on Monday Morning in my city and private investor capacity. I was lucky enough to sit near to a BP official I knew. Of course, he told me he was there as a private investor but we had a decent chat about North Sea fields in the West Shetlands and how interesting a development would be in shallow waters in the Greater Lancaster project area.
For my first article on ShareProphets I highlight as a buy Hurricane Energy (HUR) where the upside is massive and risks less than almost any other oil exploration and production company listed on AIM
Hurricane Energy (HUR) looks to have huge potential and has already had two large oil strikes off of the UK
