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Hey guys,

I've not researched guild well yet, but it's been on my radar and I'm looking to do so lazy Saturday research by asking the knowledgeable folk here.

Obviously things have not been run well and the shareprice has took a battering like it's cod in a chippy, however maybe there are signs of green shoots.

My question is on the last balance sheet there is 10m in cash. Does anybody have an educated guess at how much of this is likely to have been spent and if it's sizable what has it been spent on?

I notice in precious years they spent less than 3m on opperations.

My thinking is If they still have 7m ish in the bank then this could be the bottom? As that would almost be equal to the current mcap.

What is everyone's thoughts ?

Drip feed, which is fair enough if you put an entire business plan in an RNS it's going to get looked over.

So imo this lines up a series of very significant RNS's which drop stages of the plan in to place.
Bond holders
Increasing oil production... Opening another existing well.
Drilling program

That would be what I would like to see, going after the other well right now is probably possible based on that RNS.
As they can spend the free cash they have now, if the BP deal kicks in right away.

So at any point we could now see an RNS like that. Increasing production by another 50 to 100%

Might be a bit quick but we could see today's RNS drop late in the day in Friday and it be followed up by a killer RNS on Monday about spending the money on increasing production.

I'm very pleased with where this is going, have an amazing weekend everyone !!

Imo an RNS about the plan is imminent.
There is no way they have bothered to negotiate a cash flow deal with BP without having a requirement for doing so.

This was a big RNS but I feel the ones coming over the coming weeks will transform the shareprice more than this one.

Well done holders, some very good times ahead for HUR, is it too early to say £1 :-)

I'm lucky to be up, and I may not be as optimistic had I been dragged from 40p to 0.6p

However I'm staying put, I really can see this getting above 20p and maybe 40p depending on the plan withing the next 12 months.

This company was 100% worth more than 15p as I've been saying for months. But now with what Russia are doing, opening another well and a strong plan could easily see this over 40p imo.

That's not for me but each to their own.

The world is woke enough without RNS's being sensitive to feeling, containing trigger warnings, and such.
Although I do appreciate the "lived experience" of a PI isn't always good for mental health.

For me all I want the CEO to be focused on in an RNS...
AM extension
Opening another well
Confirming bonds are paid, and bond holders can clear off
Plans for more drilling

Pop that into an RNS and the CEO can hurt my feelings as much as he likes.

Good times are nearly here gang !!

Took it's time but there is a decent sized buy order on L2 over 600k shares left to fill.

Maybe, just maybe, we will see 10p today haha

Marlog - only 5 sell orders sat below 10p currently. So it doesn't look like it will take much buying at all to take out the sub 10s.

I'm surprised that HUR was fast to come down when oil prices bounced off a pound, but HUR has been slow to follow the oil price back up.

D - I know I spotted that after I posted.
Its possible that it expired in September just gone then, if so that's posative in my book. Probably would have got away with not having had to RNS that either.

All guess work anyway really, let's see if it comes up over the next few months.

Dyor2 - I would be very surprised if there is not a time constraint on the contract. Looks like it was signed around September 2018, so 3 years this September could well be a cut off.

As you say sprint needed HUR to be in a posative position, but maybe they have been hoping they wouldnt and they could swoop in and get it all for themselves.

Personally HUR is so strong now and the oil has already been discovered, I would be in favour of the contact for sprint expiring. This would mean HUR would only need to spend say 25m to 70m and get to keep 100% of the profits.

But either path will significantly boost HUR profits.

Someone is seriously loading up here, it can't be CA so it looks like we have another fund buying in big, or a takeover imo

Got to be getting close to a Tr1 assuming that it's all one buyer

I think I speak for us all when I say I hope it stops at £1.99

£4b would be unlikely but not impossible, just depends on what resource is on our leases.

The company was trading at £1b mcap before covid when oil prices were about $70 ish
It also had debt at that point which it doesn't now.

So although £4b maybe a bit far out there it's probably only as equally ridiculous as an mcap of £200m which is around 9p a share.

Sense - it will produce around a million $ a day in oil.
Even if it costs 70m to drill a new well to reach the resource it would be "well" worth it.

Would probably add about another $250m going into our free cash, also known as "the cash machine" to shareholders hahaha.

The future is very bright for HUR imo

Donacot - see below about the discovery well. "Future producer"
This would instantly double the amount of oil that we produce. There is a cost as it's been plugged, may even need $70m spending in creating a new well if for some reason it can't be successfully unplugged.
But it's an additional 9800 barrels a day!

Hurricane Energy Plc (LON:HUR) has confirmed it will cost US$6.5mln net to plug and abandon the Lincoln-14 well after it contracted a rig.

The company drilled the well in the Greater Warwick Area which was suspended by the company’s previous management as a ‘future producer’ after initial testing in September 2019 confirmed light crude oil, flowing at a maximum rate of 9,800 barrels per day with the support of an electric submersible pump (ESP).

Sense - I've just done at £10k top-up, so that gives you an idea on my thoughts of how it's going to go.

HUR was worth more than 15p just from the oil it is pulling out the ground right now (and before oil prices went nuts), this is without even opening the other well which now I feel is likely to be announced.

Operational update is likely to push the price higher as well and that's only 4 more trading days away.

RainBow, absolutely agree everyone has their own personal targets and should so what's right for them.

The future looks very bright for HUR
Also worth considering is that the HUR sp was often around 60p when crude was selling for $65.

Logically with everything that has now changed and crude looking like it will stay at more than double what it was when we had a 60p sp, it's very reasonable that this could be the start of the rerate to these levels and beyond.

Being permitted to open our other well which will instantly double our oil production will be an instant game changer when that RNS lands.

Hurricane energy selling $1.5 billion of oil per annum...

Dare to dream?

With the other well unplugged and oil prices averaging $135
(some are predicting $200 or even $300 but let's not get carried away)

This is excluding the posability of HUR exploring and successfully bringing another well or two online.

HUR could be absolutely huge

100% know where you are coming from but this stock was worth 15p+ before what's happening now.
UK banning russian oil and I assume supporting exploration and production in the UK waters like never before.

Time to buy rather than sell.

I promised myself that I would slice a little at 12p but it's hard to do that now.

With current gov policy I would imagine this is more likely than not.
I think it would destroy all of our 3 month share prices guesses.
It's hard to see how that wouldn't instantly double the share price the day the RNS landed.

Yes RG, I understand BP can choose the avarge price of Brent from either the first or last 5 days of March.

So assuming they will use the first 5 days price average which without doing the maths seems to be over $110, maybe $112 on average given the high prices yesterday.

So it's looking promising that March offload will bring $60m in to HUR