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Blatant agenda. 15ks now from 6. The 17ks includes 7Z too, which is no longer producing. 15ks on natural flow from 1 well is pretty impressive....sure it will decline but not at the accelerated rate you suggest, hence the estimate of 12800 to 14200bopd including 95% downtime assumption.
You want the truth? Can you handle it?
Guidance for H2 production is 12800 to 14200bopd
However we are 2 months into H2 with production circa 17k for July and 15k for August. So to meet the upper 14.2k over the next 4 months production would need to average 13.3k. To meet the lower 12.8k the next 4 months production would need to average 11.2k
Now given September production started near 15k where do you think production will be at the close of H2 on the 31st of December?
Clue it will be around or below the current commercial threshold of 10k bopd if poo remains around $40
Where will this be by the time any intervention takes affect circa H2 2021?
bids don't go in 4x current SP, ever!
Takeover imminent!
If there was a bid for Hurricane Energy today (which is looking likelier day by day), bid value here (including any potential premiums) would probably be even higher than 11p "Fair Value" currently estimated by Simply Wall Street analysts, IMHO.
-240 milion dollars to be paid in 2years
-declining oil resources
-water increase
-no dividends
-allways declining SP
-unknow future
-many long time share holders fed up and gone
Nice share to start your bankrupt..
+ Still producing 13.000-15.000 oil
+ Some cash in bank..but not sure for how long..
+Very cheap share.. some paid 40-50p (don't get fooled)
-
ngms, You sound like a broken record, don't shoot the messengers, I guess time and patience will only tell.
15000 production a day latest...106 m USD in bank, etc.
Fair value now that’s a measure and a half!
Until they can prove production can continue economically in 2021 and then beyond fair value to me for equity is 0.00p
Analysts at "Simply Wall Street" currently have Hurricane Energy "Fair Value" at £0.11, highlighting the massive upside potential here, make of it what you will:
https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares#valuation