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131-135 fingers
and as stated at the time, put it all in TLW for between 31-35p . Which is bouncing well makin up my loss here
not invested now Longwait sold up average 38-39 after reading the RNS ,so was invested at the time.
'Our investment' ?
Here's what you wrote yesterday:
'Hur was untouchable success after succsess, Dr T the messahi.
Had about 4 bad news stories on the trot now.
Hur needs a partner farmin to be bought by a major to really move forward which is looking less likely IMO . Bye all best of luck
You're STILL invested?
Why?
Further progress is also being made in our understanding of the Lancaster reservoi
Additional info........yes don't tease give me more.
These statements raise more questions than answers ! So neutral a statement...why
Is it is good or bad news on our investment? with the wording it could be either or .
Lancaster EPS
o 2.5 million barrels of oil sold across six cargoes to date
o Production in line with guidance for Q4 2019 of ~11,000 bopd
Further progress is also being made in our understanding of the Lancaster reservoir. Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering whilst remaining in line with guidance for Q4 2019. We will provide a further update later in December.
That is what they just released ...
I am not sure how anyone can read bad news is coming from that?
yes someone has produced some scattergraphs on water cut but that has already been dismissed by the company. i wonder if we will get scattergraphs of the cargoes sold?...lol
"If"
shutts - the RNS doesnt have to be worldbeating. All they have to do is confirm that everything is Ok and that we are producing 11k bod - which is to be honest the message that has already been sent out - it will end this speculation which is driving negative sentiment.
If it is worlbeating - which is my hope - that the long term production has been confirmed - then that will really drive the SP. and sadly you will have lost out because of negative speculation.
'You're like someone who finds out your wifes been cheating on you, but you decide to try and make it work, then she does it again and puts you through more agony, but you stay with her because you believe in her, then she does it again but you keep going - "she isn't like that really - she really loves me".'
I think you're missing my point entirely: in this case, the wife did exactly what she promised to do - FIRST OIL and SIX MONTHS' STEADY PRODUCTION.
'One of the most important things for any company to be successful is good management, and after this latest fiasco I have no faith in them at all.'
Incredible!
I honestly cannot see anything wrong with the way this company is being managed - only with the way it is being perceived.
Shutts,
You are best out of this!
Bye
Captain swag - it wasn't the large paper loss I was sat on that bothered me, it was the even bigger loss I could have ended up with if the Dec RNS is anything other than world-beating.
Longwait: "I and other LTHs went through agonies, seeing share price slumps to 8.85 p and later, about 24p, when the company desperately needed to raise money." - that is rather my point.
You're like someone who finds out your wifes been cheating on you, but you decide to try and make it work, then she does it again and puts you through more agony, but you stay with her because you believe in her, then she does it again but you keep going - "she isn't like that really - she really loves me".
Blind love despite the agonies.
Anderson: The share price dropped 25%-30% on, as you put it, a "middling" RNS - imagine how it's going to react to a bad one.
The management are not idiots, so I have a major problem with their communication and the ambiguous language they choose to use in something as important as an RNS.
If there is nothing wrong then they have caused this drop in share price through their ****-poor communicating style, OR they chose that language so they didn't have to specifically say things are bad.
One of the most important things for any company to be successful is good management, and after this latest fiasco I have no faith in them at all.
So I'm not going to leave my money with them.
shutts - sorry to ear about your loss. remember was only a loss once you sold. i understand it is not nice facing a large paper loss though. however remember money is made by some when others lose it
I am not sure how many of the potential problems being highlighted are really an issue. Yes it would seem Warwick is non commercial however lincoln crystal is and can be tied back to the AM....producing more oil.
As for the water cut. The scattergraphs produced are only using figures that have been released. The maximun was 8% which came from HUR and they have already stated that this was better than expected and not influencing production. this has been backed up by the sells. Anyone perpetuating this as a problem is doing so on their own supposition for whatever reason
Trice has never been one to embellish - so if he says things are going better than expected you can believe it in my opinion.
Shutts you say you’re leaving the party because of new variables and fresh problems on the horizon. I think you’ve been reading too many ill informed BB posts. There are no more variables or potential issues today than there were last week. A middling rather than euphoric RNS is the only difference from a week ago.
You’re bailing because your loved one has had an off day. And now your pendulum swings all the way across to the businesses the opposite of hurricane - established, money making dividend payer. It seems to me you are arguably less in control of your emotions than those you leave behind.
'That's what some of you are suffering from IMHO - it means the indescribable feeling of euphoria when you first begin to fall in love - you're so in love with HUR and what you hope it's future potential can be, that you cannot see any downside at all.'
Nothing could be further from the truth.
I and other LTHs went through agonies, seeing share price slumps to 8.85 p and later, about 24p, when the company desperately needed to raise money.
Now, it's profitable and successful and a child of five could tell you that it's ridiculously cheap and all that counts for nothing in the view of people who measure a company's prospects by looking at its share price.
Bye Shuttts and good luck!
You remind me of the posters who warned that we might never get to first oil and then the ones who said it wouldn't last six months.
Now, the worry is that we will be submerged in water.
And always the same constant worry - too much oil.
It's going to get invested in something else with more realistic prospects of success - like something that has an established business, makes money and pays dividends.
Good luck with your cash ISA!
That's what some of you are suffering from IMHO - it means the indescribable feeling of euphoria when you first begin to fall in love - you're so in love with HUR and what you hope it's future potential can be, that you cannot see any downside at all.
I sold out yesterday and took a c.£8K loss, I did it because I was a believer of the story, but now there are too many variables and too many potential problems on the horizon.
If the Dec update RNS is not stellar, if it contains any bad news whatsoever, or is ambiguous in any way then the share price will get hit for another 25% - 30%, which would take it down to 20p-25p.
If they then need to dilute the shareholder value to progress you could see another 25% to 50% wiped off your holding, if the oil flow slows down or water cut has increased you could see a reduction in SP of 50% to 100%.
Vs what? Great news and a gain of 10%?
Logically it is far too risky IMHO to keep holding because you're in love.
But I wish everyone good luck whether you stay in or out.