Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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“Production will continue from the 6 Well on a standalone basis until late January, at which point both wells will be flowed concurrently. Results from the tests will be presented at the Company's Q1 2020 Capital Markets Day. ”
I just wonder if we may get an RNS saying both wells are now flowing concurrently with no water issues (a bit more techie obviously) and further details will be presented at the cmd.
Well we could do with it anyways,
Trek
Wessex, you could always ask them, what's a couple if weeks between friends anyway. :-)
Looking forward...
If the sp stays this low for another 3 months, then it will be ideal for anyone who has shares in taxable accounts to move them to an ISA, firstly you'll probably make a paper loss on the sale, so not pay CGT and be able to bank a loss against future CGT bills, and on the transfer you'll be able to move twice as many shares into your ISA.
It won't bother me if it stays this low for a while - any chance they might delay the CMD until April?
These bonds are being repaid in shares at price $.52 dollars per share, approximately 450 million new shares in over two years time.
Isnt the bond a convertible around 42p. I think the big issue is that they have not confirmed that it is a long term field. Not known for another 6 months or so.
$230 Bonds due to be paid July 2022
good article. nice to see the well is producing as expected and lots of cash is coming in daily from it.
its been a while since ive looked at finances of hurricane but are they really debt free?
last time i was in here they had the $230m bonds outstanding. (most was still unspent and available in cash at that time) or is it that they have more cash in the bank now than the outstanding bond?
if they did pay if off what did i miss :)
This Energy Voice article is the latest information released by HUR.
Read it, put things in perspective, and step-back.
Despite the share price being hammered the fundamentals remain good.
The company is producing oil and debt free.
https://www.energyvoice.com/oilandgas/215554/exploration-headwinds-force-hurricane-to-alter-course/