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Current Brent Crude price is $58.69 so assuming 450k barrels as per Red's best guestimate we have another $26.4million more in the coffers!!! The money is piling up now. ATBLTH's.
Well Said Cebo.
I think even the nervous PI's know it deep down but seeing the SP drop forces them to throw their toys out of the pram.
Those with no faith shouldn't really be invested in HUR. I imagine many of them will take their money and run as soon as the SP inevitably goes up. They will then find it irresistible to check the on going progress of HUR and end up buying back in at higher price.
Just hold or even consider buying more at this price as the tides are about to change! (in my opinion).
Red I disagree,
The SP is not insecure, it this PI's that constantly need reassurance that are insecure.
WD was not a "Black Friday Event" - the drill was not commercial, but it was an exploration drill so it was never nailed on and certainly doesn't mean that WC will not be successfully drilled and tested later this year.
You want the company to "act like a major oil producer" - mmm, Major Oil Producers do not release news everytime there is an offload, or when the Drill reaches TD, or casing points, or when the CEO changes his tie or has a haircut - Major Oil Companies just get on with the job in hand which is what Hur and doing IMO.
I also think that most PI's here will still be substantially up on their investment and although many believe the SP doesn't reflect the true value and potential, with a bit of patience and good fortune on the LC drill and the EPS still very much on track, then all shareholders will do very well - my opinion only off course.
Can I suggest a string rationale for HUR not to RNS every AM offload, as much as it should bolster confidence in the FB play on the Rona Ridge - simply, once you RNS that data, the market will want to assume ( most don't/can't follow details) that is steady state production, and harshly penalise any future drop, whereas, HUR have stated in presentations that it wasn't planning on steady state numbers until 2020
Agreed, a simple RNS, or even a website update would go a long way given the current climate and insecure SP at the moment.
Most of the PI's have suffered considerable losses since the (WD) Black Friday event, the SP lost nearly 4%-5% that day obviously due to leaks to the marketplace probably from an external entity other than the company, then the further fall on the Monday of which we are all still reeling.
Until the Company begin to act like a major oil producer releasing information when the market dictates rather than when they can be bothered, then the SP will remain in a purgatory controlled by outside influences.
roar
And I think that fits the bear and the AM... a million+ bbl produced.
Does beggar belief F22 doesn't it?? Not that I'm looking for a James Parsons approach (god forbid) but the apparent effort put in to keep the success unfolding with Lancaster below the radar seems extraordinary!! Why??
AS & AM been mated for long time - full load - well done to those in the know! So 1 million BO milestone produced and no RNS from HUR. SP fried and still playing M&M... HE could have also stated that Perched Water assumption was correct(?) toooo... so many opportunities to inform their credentials as a new producing company.
Oh!
My apologies.
I've just realized that SIPP has already identified the four-lettered word.
I really put my foot in it.
I think 'roam' is the word that SIPP was looking for, Double.
Ak, believe it or believe it not I used an exclamation mark in that one.
Does a bear sh ! t in the woods. Clearly, LSE is on the ball after all.
Sipp,
Yes, I think a bear does walk in the woods...
Does a bear **** in the woods?
pumping yet?