SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Hurricane Hydrocarbons
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Douglas Blackmore who wrote (2)3/18/1997 1:34:00 PM
From: kingfisher   of 23
 
I was told that some investors sold off because they expected production of 50,000 barrels a day and they reported 40,000 barrels in the first month. Production is already up to 46,000 barrels a day and will increase when the work over drill is set up . Also some investors assume that if the price of oil falls this will effect Hurricane.Again Hurricane has negotiated a 30% increase in prices for the balance of 1997. When the company issued the private placement in 1996 they projected 52,000 barrels a day in the prospectus .The Macdaniel report projects potential cash flow discounted at 10% of 1.4 billion dollars over this projects life span. Thanks for responding Glad to see someone is paying attention.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News