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I work on a production rig in the North Sea flying out of Aberdeen. This year has been bleak and many of my colleagues were paid off. Drilling projects canned as the platform went to minimum manning to safeguard business during the downturn. This has obviously been triggered during covid19 pandemic and the operator is pleading poverty. Like spring time, last trip we witnessed new shoots. The increase in poo now make it feasible for a new drill and tie back for area the client wanted tap into. Engineering surveys for the platform tie-in we’re taking place prior to my Demob. The operator isn’t HUR but it does demonstrate to me, oil company’s understand the time is now. Last year seen no need for operators to promote their shares, this year is different. I expect HUR share price to grow rapidly as they turn around the downplayed RNS’s.. good luck to everyone that hasn’t bought in :)
Slift. Shouldn't you have moved on by now?
Lol, rumour in Aberdeen?
To whoever was addressing me, I'd tell you a rumour from the Midlands, but instead I'd tell you a fact from HUR RNS:
"It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds. Furthermore, if no agreement can be reached with the Company's stakeholders on additional investment, further development activity at Lancaster might not be possible. In such a scenario, Lancaster could continue to produce from existing wells before reaching the economic limit, the timing of which would depend on oil prices, actual production levels delivered and the level of cost savings achievable. The field may then be decommissioned, with potentially limited or no value returned to shareholders."
What was his moniker on LSE?
oh no i wounded where that fool went.
Interesting post advfn from sbdy banned from posting here...
Addressed to Slift. Basically says rumour.in Aberdeen is no dilution. Take it as you will, BB gossip