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It seems unlikely that all the effort of relisting this asset and the passing of shares to the old Sable shareholders was a scam, most of the original shareholdes hold most of the equity here, The board is filled up with players who were trying to make a quick buck seeing their investment disappear. The ammount of floating shares is very small with low volumes producing huge share price movement.
Amazing mood swings on this board with large percentage changes in value with very small volume of shares traded. Most holders here are not trying to day trade this, there is a knowledge of the huge value of the asset coming into production.
You need to remember Africa needs an awful lot of steel, the Chinese are on sight, this high quality coal asset will provide the coking coal.
Just of the Telephone with Halifax Share dealing, they have had share certificates issued that were incorrect and have sent back for correct ones, advised to keep an eye on the account, when correct certificates are returned shares will appear on your accounts.
Have contacted Halifax 4 times, the best response was"they new it was happening. Suggest you call, the more of us chasing may get their figure out!!
Hi Margie, do you have a link for the source of you information?
From the dreams of Robert Trice, to the shattered dreams of thousands of small investors, the parties over.
https://www.windy.com/?2020-08-27-06,29.557,-94.993,8,i:pressure,m:etOadxg
Production will take a hit this week!!
Will you get a chance to buy? the RI will be for PMO shareholders only? the other new shares are in exchange for debt and are not tradeable for a year.
The average IQ is 100,sorry to see you were short changed. No one has ever made a successful cold vaccine, the virus is always evolving, the risk of dying is around. 009% it is fools like you believing this crap that are dangerous.
Everything has changed because the EPS was expected to find dry oil, there has been an ever increasing water cut that was not in the plan. This throws the whole FB west of Shetland into doubt.
The price went down on the purchase of the EON assets, that purchase was a steal and the share price moved from 17p to 146p at its peak.
If we see water cut stop increasing and steady production, there will be a case for re rating, at this moment in time with water cut increasing on the prime well a 3% per month while operating in the prime part of the reservoir the model is unproved. There will be no full field development, with this outcome there will be zero value. Pelham is bailing out as this is considered a probable outcome. Most of what we see discussed here is nothing to do with this oil project and what is happening West of Shetland.
If well 6 has a problem, or the water cut is still rising this will fall like a stone, until the issues around production are sorted this is just a pure ramp. Hope for the best, but no news or update??
until there is clarity on Well 205/21a-6 production and water cut, it is a difficult investment, without the revenue from this one well Hurricane Energy has terminal problems, it is a huge risk, with a small reward, this is what the shorts are playing at.
Lots of small trades today, with light volume. Punters who thought they could make a quick buck leaving.
To put the hurricane wells into context, individually produce over 10000bpd. unfortunately do not operate together as they interact being to close. Producing from a field with. " In total, this attributes a Base Case recoverable resource of 523.4 MMstb to the Lancaster Field within the P1368 Central licence subarea."
There is not a shortage of oil, further wells will be drilled in due course and a full field development plan implemented. This is a massive asset.
Contrast this with the PMO catcher field.The development of three fields involves drilling 22 subsea wells, comprising 14 production wells and eight water injection wells. All wells will be tied back to a leased floating production storage and offloading (FPSO) vessel having a processing capacity of 60,000 barrels of oil per day (bopd) and a storage capacity of 650,000 barrels (bbl). The first three fields are estimated to hold 96 million barrels of oil equivalent (mmboe) This development cost $2.2 billion.
Hi Barbob, just 6 deramping post today, what's the pay? There's two working Wells, just one at a time.
Who knows what's going on, RT may well end up being an advisor with a any company taking over HUR
Oil and gas is there core business, oil is in everything, yes is the answer.