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There is risk and the track record of what happened with the bonds does not fill anyone with confidence.
But for me I'm holding.

Im only joking anyway mate, but they have to notify the market if they sell something like 3% or more.

But it's a joke don't panic, although judging by the price action there is a lot of panic going on.

Imagine if we get a TR1 that CA have been selling in to the rise this morning haha.

$118m free cash at year end.
But there is also potentially 1.5 or maybe 2 (knowing how slow the bod is) offloads before the divi if it's the end of Q1.

So even after the 70m divi is paid the free cash in the companies bank is already going to be chasing back up to $118.

It is a mistake in his calculations but in reality he's probably not as far out as you may think.

Although I think HUR is going to be sold cheap, I think there is very little chance they will get a 75% vote in favour below 10p.

I wouldn't vote in favour at 10p either but maybe they could get that through.

Your assumptions in pricing the company talk about tax but not the huge tax credit which could be motivation for the purchase on its own.

As for oil prices, I agree it's a guessing game but i think $145 oil is more likely than $45 especially as Biden has put a floor on oil at around $80 ? When they will be filling up the strategic reserve.
Also Saudi want $100 as a min and will cut production.

There is a lot of value left over the next 2 years, all decom is already held in escrow.

There is a huge upside for the right buyer at 12 to 15p

Hopefully I won't be proved wrong but I think there is almost zero chance of a sale at 8p, its way too low.

"8p p/s???!!! Is it you who’s put the bid in?"

Lmao

"The tax credits and cash in the bank are worth about £400m alone! I would say 17-20p is a fairer valuation"

Totally agree, but somehow even after today the SP has been dragged down to silly levels and even after today's rise is still only in the 8p range.

If the company was bought out for 12p/15p someone would get a mega deal. But I expect that's the kind of range that will see an offer accepted and gain it's 75% vote.

Very undervalued, but I think that's where we are at. Everyone has been beat down.

I've never used ii but you will be fine, I expect they will allocate your divi payment to the funds available in your account.
It will be automatic, one day you will just see a nice cash balance sat there in the app and still hold all of your HUR shares.
Happy days bro

It's going to be your brokers app right?
Who is your broker / name of the app?

A merger with someone which can bring the gas back to shore could be a big win for all parties involved.

ASI : Could be just behind the news and adjusting, but the last 2 trading days look too strong for me for it to be that.

I think there is something brewing.

I wouldn't be against a takeover at the right price.
I expect if it's a forward plan or takeover we are going to find out very soon.

Gla
HUR 25p+

Something has leaked for sure.
What do we all think takeover ?
Or RNS tomorrow with a good plan in it?

I'm probably leaning towards it being a takeover that's leaked but it could be either.

Last year when the company was in debt and we had the shenanigans the company could have folded/ be stolen from us this company was a gamble, no doubt about that.

Now is not the time to be nervous imo, most other stocks I am nervous about. Most have P/E of something like 15, plenty of companies are in debt.
Debt is getting expensive, the 15x pottential factored in to the SP of these companies is looking ropey over the next few years.
Imo the crash is coming and will wipe a lot of money off thouse companies and will wipe a good few out completely.

HUR is the complete opposite of that, P/E is a joke for HUR as nothing is valued in to its SP, no debt, the SP is almost all Cash plus 1 or 2 uplifts profits.
That is also ignoring all asset value the company has and the tax credit value.

I like to keep diversity in my stocks but I am much more confident in the money I have in HUR than in some of my FTSE 100 companies like GSK despite that being at the lowest it's been right now and should be a good buy long term.

I also suspect at some point in the next 6 months we are going to get a big spike is oil prices. That one month alone could see HUR make a profit in that month which is 30 to 40% of it's current Market Cap in a single month.
Risk looks very very low to me, mainly cash and no debt.
Also the fact we are paid in USD is yet another win when GBP is falling. If we do hold the bank balance in USD then that is another big win.

Current SP is laughable but I am convinced it is just a waiting game.

Good luck everyone
HUR 25p+ 2023

You can never own enough shares when the cash in the bank is going to catch the current mcap very soon.

I've just cut a buy order for GSK in half and diverted the other half to put a buy on HUR. Give me crazy low prices and I'll buy as much as I can, especially when it's backed up by the companies cash in the bank and not pottential, that makes it a no brainer for me.

Patience is the key here, it's undervalued and each uplift will force the price up even without an expansion plan from the BoD, however I think we will see that very soon as well.

At this kind of SP sitting not that far from the companies cash I can see a big jump in oil price one month catching the market out and ending up taking the cash above the mcap at somepoint. That will be a mad scramble for people to buy haha.

Do we know for sure that the company is holding its £80m free cash in USD ? Would be nice if that's true as we have probably made an extra 5% on that without doing anything this month.

Cebo
"And how exactly are they going to best fund the drill for well 8."

As I expect you already know there are several ways, and the best way to fund it is for the people on the inside looking at the data indicating the risk to reward ratio to determine.
If that data indicates low risk and high reward then self funding it from cash in the bank is an amazing option to have and position to be in.
I would agree that someone on the outside who doesn't have this data certainly needs to give their head a wobble if they think they know best.

We can speculate on the cost but I think $100m looks top end even in an inflated market, I think somewhere between 70 to 100 would be a reasonable range.

JV would probably be another popular option to fund P8, this would reduce the risk right down as the money that would be paid as windfall tax anyway would be used here instead.

Just depends on the analysis they have, from a SH perspective I am very happy that all options are available, and the company is in a very strong position.

I think we have all been asking how can a debt free HUR with $75m+ free cash in the bank along with $1.6b tax credits + a producing well with sky high oil prices be valued at 7p.
I think Malcy said when the SP was around 9.5p that it was a no brainer buy.
I do agree the market should have known that HUR was about to be debt free, as we all knew long ago.

However as we have got closer to paying off the debt we have seen the price tick down not up on low volume. So there had to be a correction at some point, I very much doubt if that correction has ended at 8.45.

Looks like we have just sold another ~$50m in oil, with debts gone and cash coming in fast it should be difficult for the SP to move down from here imo.

I'm ready for a "drilling well P8" RNS now, if that ends up producing 20k bpd then it may bring a smile back to the faces of lth.

Gloucester - I think tango is using the tax credit value that was released by the company recently.
They said they had $1.6b which they had valued at $400m.
It might be a top end valuation, but it is a professional valuation that was released to the market. The lower valuations have come from private shareholders guessing.

Eitherway a sale at 15p share would be disappointing after the rollercoaster that has been HUR to sell at 15p would be a bit of a slap in the face. 20p as it stands would be a good deal all round right now. 15p is just too low imo.

I agree Ron, it was something that I have seen used by derampers so I was very interested to see the BODs response. Derampers tended to use "if the pump fails" along with single well as the main remaining tool now the cash in the bank has mounted up.

So I think it was reassuring for all shareholders to see it reinforced that at worse we would be talking something like 100k and a week's downtime. I think they also said it's unlikely to happen, but not a big problem if it did.

Imo there is very little risk at the current SP, and plenty of upside. Personally I am convinced that HUR will get over 12p before the end of the year. Let's hope changes to the windfall tax can give us a nice lift as well.

I think the risk factor of the pump was a question that was asked in the AGM. Without looking it up I think the answer was basically no big deal.

Haggis plus the value of the tax credits.

Its not often I do spreadbets, but I'm very tempted if the price goes any lower as it becomes a very attractive option to maximize profits.
Currently a 15k bet would make a profit of around 40k when the SP hits 11.5p