RE: Why so low on price2 Jun 2020 22:34
Genghis,
"We are a one trick pony"
Behave yourself, man.
What is the pony doing right now? (Figuratively.) Let's just look at the show.
An FPSO offshore WoS currently producing 10,000 bbl / day oil, or thereabouts, with another tied-in well shut in for the moment, not because it doesn't produce oil, but because the water-cut is giving overall 'instability' problems. Under investigation, and due to CV19 'problems' the entire system isn't operational to 'play with things' entirely, yet.
An adjacent field (GWA) which appears 'similar' (though through recent data not 'identical') on which oner well was tested at 9000 bbl/day, but which a government quango must be plugged and abandoned.
A field extention all the way up to 'Halifax', which certainly requires revisiting. But which will cost money.
Couple this with a disatrous and obviously deliberate trashing of the shareprice, which ipso facto reduces the company's Mcap, which reduces their chances of obtaining loans to progress the projects.
What I really want to know is why the CFO Alistair Stbie departed.
There is something terribly wrong happening. But it has nothing to do with the reservoir nor anything happening offshore.
Another thing I'd like to know. There was once a thread called 'MT Alert' posted on here, but it's been wiped. The poster who started it mentioned a nice new picture of the Aoka Mizu with a tanker doing offload. But not only can't I re-enter the thread, neither can I find the photo !
And I'd really like to know why I get insulting and threatening personal emails relating to HUR from people who don't communicate on this LSE site, the evening before the SP plummets....