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Yes but let’s say the Co started flowing the 6 well (dry) only from mid December til late January. It’s mid January, let’s say the well is now showing signs of water cut similar to 7z. Should the company update the market now, or at the end of the test?
WW,
'I'm as frustrated as most here with the supposed well minded and undeniably knowledgable posters on various platforms (TLF, Twitter etc) pointing out (rightly or not) the 'risk' but I question their actual motives even if they are unwittingly so derived. '
Absolutely, when at the same time they claim to be still invested? does not add up does it?
Which begs the queston, why try and trash your own investment in such a public manner?
To me there is another dimension to all of this, namely in the paid service of a shorter perhaps?
'Most, if not all of them seem to me, intent on building, and/or attempting to cement their reputations as trusted experts by coming down on one side of the fence rather than the other but more often than not they do so in an oblique/vague fashion as to allow deniability in future should they be wrong. I don't think it's market manipulation or they are working to some sort of pay master instruction or strategy. '
Agree 100%.
"I could be wrong' is the forever caveat/get out of Jail clause, very cunning.
Bottom line is this, the company are legally bound to issue ANY price sensitive information, and yes I know this AIM, but the directors are putting their own knecks on the line if they are found to be deceiving/lying.
I do not think for one second that this is the case at all, despite others postings.
Yes, WW.
I don't know how long it will take, but eventually the doomsayers will be made to look ridiculous and discredited.
It is of course still possible that after five years of steady production, they will spread a rumour that the oil is drying up and production is about to come to an end.
I do agree with you that the main motivation of such people is to look clever, as well as to have the satisfaction of influencing investors' actions.
Do you remember the man who several years ago predicted the exact time that the world would end?
When it didn't happen, he didn't say anything more.
Once HUR announce that both wells are producing, for a total of 20000 bpd (should be about 2 weeks time) then the price should start to recover.
But, unfortunately, stock prices tend to take the elevator down but climb the stairs back up.
'Buy the rumour, sell the news' That is the normal adage. Here the opposite would apply. The challenge is do you trust the rumours posted by the harbingers of a doomsday scenario?
I'm as frustrated as most here with the supposed well minded and undeniably knowledgable posters on various platforms (TLF, Twitter etc) pointing out (rightly or not) the 'risk' but I question their actual motives even if they are unwittingly so derived.
Most, if not all of them seem to me, intent on building, and/or attempting to cement their reputations as trusted experts by coming down on one side of the fence rather than the other but more often than not they do so in an oblique/vague fashion as to allow deniability in future should they be wrong. I don't think it's market manipulation or they are working to some sort of pay master instruction or strategy. If they are wrong, they'll scurry off, and if challenged on another stock BB/thread/twitter account about their comments in relation to HUR they'll recite the caveats that their worst predictions included the phrases "I could be wrong" or "it could turn out ok" and that is sadly symptomatic of the world we live in.
They don't have the facts (or if they do they should remain quiet) yet quickly garner support in numbers by exploiting the scant releases of information available and the effect on the SP is clear.
Sadly until there's news we are now at the mercy of the technicals, or a volume buyer to turn them. I'm waiting with more dry powder than I've had for a while to make a decision on how much I trust the company guidance from only a month ago that production is going to ramp up in the face of poor TA indicators. Selling at 33p saved 20% which I did mostly; at 28p saved 5% losses to todays SP +/- so it's not a "crystallisation of losses" to sell at any point until that is, such time as it turns upwards.
So, yes there may be water being produced. It may be aquifer, but I'm of the opinion the company has posted WORST case WC and the reality is the reservoir is performing well despite that and therefore, and in that case, there should be a positive reaction when the facts are published as free cash will still be building longer term validating the concept.
If the news says however production is declining whilst WC is increasing then that's a different story but I can't believe a company would guide that reservoir performance has exceeded expectations one month to then release contrary information the next. That would be very concerning on many levels.
Posted in: AAOG
RE: Share Buyback02 Jan 2020 14:44
The shares are bought back cheaply, cancelled and the share count reduced. This reduces dividends paid out in total, as the dividend is spread over fewer shares. Very relevant for a high yielding company.
Guess who posted that?
MartyPoppins!
HUR does not yet pay a dividend.
Conclusion: MP's advice is not relevant.
PIs need to open there eyes......what an opportunity for an entry price that at minimum is a double up short time........ they are being influenced by a brigade of low life’s that make a career of being paid for negative influencing....just take a few minutes to look at there post history, they just move from one share to the next, never holding shares in any of them.....the company has issued no RNS, which is in my view good news....a few of the tur#£ will be outed.....