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Serious Ali you have a problem, this is a share forum take your political babling nonsese elsewhere.

Birthish government does not have its own separate money as it is not a dictatorship!

Individual MPs can donate what they want to Ukraine.

It's a good thing that the British government have agreed to match donations.
Of course this comes from government funds, and of course they come from the people, where else would it come from? The magic money tree!

Let's all support the Ukraine and leave the political nonsense to Facebook.

Lose the agenda Ali
Also think about what you actually wrote smh.

Back to not being able to get a quote to buy anything on IG
As soon as they dropped the bid back, you can't even get a buy quote on anything over £100

Without doubt there is some ****ery going on.
Someone looking to limit any price spikes for a takeover ?
Something I am not sure about, is there any advantage to HUR and CA for keeping the price down prior to buying the bonds back ?

3m - 15p
6m - 19p
12m - 33p

Obviously it's like reading the tea leaves for the oil price in the last 5 days of march. Personally I don't expect it will be lower than now.

Yesterday, today, and the next 3 days oil price average is what counts.
I suspect the above average is the one that's going to be the one BP choose to use to set the price.

I agree and the sooner they sling their hook the better.
But even with them lingering like a fart in a lift, the fundementals are just too strong to hold HUR back much longer.

Great way to look at it that dyor2

We can self fund from our own profits, drilling a new well from every 1.5 lift.

Personally I think $50m is looking at the low end of the scale I think it's likely to be around $60m.
Eitherway HUR having enough profits to be able to drill new wells every 1.5 lifts is staggering given the sp.

It's crazy i was just playing with some numbers.

$60m coming in for the March lift
=2.1p per share just for the March lift.

March payment alone worth 30% of the entire company when the share price is 7.5p

My guess is they will pay them off in full when the March payment lands, makes sense rather than doing it in Feb and taking the free cash in the bank to zero.

Doing it after the March payment should mean, they still have somewhere around £30 to £40m spare free cash after buying back all of the bonds.

I imagine at that point the penny will drop and single figure share price will be history.

Conspiracy theory head on...

Imo it's clear as day the company is worth 15p+ probably significantly more with oil prices, certainly a lot more with a plan.
It's producing $60m each lift at these prices
Another $60m likely on the March lift.
Has $77m free cash in the bank already
Not to mention another £33m cash reserves it has restricted.
£150m sale value of tax credits
The oil rich claim it holds.

When the share price values all the above at only £150m !! Madness
It just doesn't make any sense why anybody would sell. Who is selling ? Is it just market makers selling off small chunks to keep the price down for some reason ? Or is there any other parties that might want to do this?
Or are people genuinely selling, despite it making zero sense ?

As you all know it's a firm buy for me at these prices, I think it's madness. But interesting to see people's opinions on how the price is being kept down and why?

Even with someone trying to manipulate it can't be effective when next month's $60m lift completes the share price has no option but to go up significantly.
Otherwise at this rate the company will end up with more cash in the bank the Share prices mcap, and that's ignoring assets.

Mate you have to understand that you are not going to get a warm welcome when your agenda is paper thin and not in good faith.

The RNS kills the misinformation that you are trying to spread, you sound like Putin trying to convince people he is the one being invaded, it's just not credible.

March lift is likely to add another $60m to the below
RNS ....
As anticipated, and in line with previous announcements, the Regulator has now formally requested that the Company lodge additional funds as decommissioning security. The Company remains in discussions with the Regulator as to the exact amount and timing of placing of these funds into trust which are currently expected to be up to £5.7 million ($7.7 million), later in Q1 2022. This will increase the amount of funds placed into trust, and which are therefore classified as restricted cash, from £28 million to £33.7 million.

 

During January, the Company received $3.2 million of cash rebates relating to R&D tax claims in respect of the 2019 tax year. An additional c.$1.3 million claim in respect of the 2020 tax year is still under review by HMRC but is anticipated to be received later in Q1 2022.

 

As of 31 January 2022, the Company had net free cash(4) of $85 million ($77.3 million after taking into account the above mentioned planned increase in restricted cash) compared to the last reported balance of $50 million as of 31 December 2021. $78.5 million of Convertible Bonds remain outstanding and due July 2022.

No need to raise money
£77 million free cash at the bank
Another £45 million or thereabouts expected from March uplift.

Bonds owed total £78m

One way or another it's all going to a single buyer.
Could be a PI just buying on quote and always settings that value, but they have stocked up nicely today.

Alternatively it could be a larger buy order being worked through.

Anyone noticed all the buys for exactly £9,991

March lift is likely to see £45 million coming to HUR
Tax free

Mcap £150m

Absolute madness

welcome NY1

Couldn't agree more, very undervalued.
I know everybody has their own target and personal circumstances, but I can't understand sellers in this price range.

Imo its a matter of time (maybe even this week) before the price takes off and corrects. Takeover or investor buying could push this past the tipping point without an RNS doing the work.

I am expecting a sell off on BP this morning. Will be interesting to see how much of that money finds its way over to HUR this week.

John - good point yesterday, it would make a lot of sense if BP themselves are interested in HUR.

Infact it's a bit of a no brainer for BP isn't it.

They would get almost 10k bpd (small fry, but UK)
Tax credits which would have cost them ~£150m to buy
Hurricane's vast acreage
Debt free company

Obviously for a takeover it would cost them more than today's SP, but prior to a TR1 they could accumulate at an mcap of £150m for all of the above.

Given the tax credits that's an insane opportunity for BP, previously they may not have bothered but lots of things have changed now.
(UK fields are key, government policy has changed, BP just lost what gave them £2b profit last year)

UK government would also be supportive of BP doing this which reduces the risk of HMRC trying to chip away the tax credits.

It's an interesting thought to consider if we see any relentless buying this week.

Good point by Zelensakyy
Oil the world is buying form Russia has blood on your hands.
Don't fund their war, cancel all Russian banks swift access.

The United Kingdom is not a partner, we are a founding member of NATO.

If there is a world leader to take cheap shots at right now it's Putin.
No free thinking person would use this moment to attack any other world leader right now.

We face the very real prospect of world war 3, time to check you are not being shepherded along by Russian propaganda like a sheep.

It's horrible what is going on in the Ukraine, our hearts of with you.