Member Info for Alibi

Maris clearly still putting the most negative spin on things with his figure for cash at Jul 22. He really is a slimy wee snake. We need him out. Is there nobody that can do anything to prevent this fifth columnist sabotaging the company at every turn? How is he allowed to continue to misinform?

Ha ha, I think you're confusing me with somebody else.

FFS Bartlebobton, are you on the spectrum.? You're having a wee snide dig at something that is clearly intended to be humorous? (although it does contain an element of truth I suspect!). Pathetic.

I added a few into my ISA today, getting my average below 20p now. Still a long way to go but this looks to have turned the corner. It is rather annoying to have these two crooks (alleged) still in post and firing off negative RNSs. Is there nobody at HUR in a position to oversee their input now that they have been pretty much exposed as charlatans? Or are they still allowed to continue to sabotage the recovery? Sooner they are gone, the better, but why has nothing been done to replace them yet?

"Vile SNP"? Get a grip. And GIRUY, troll.

From HullFC4ever's post: "2. Previously the Company announced that it anticipated the well gauge pressure would reach the bubble point by the end of Q1 2022. While uncertainty remains, analysis of the most recent trends indicates that this point is now anticipated between late December 2021 and mid February 2022...... EXTENDED THE TIME FRAME"

Not sure that point is correct. They were saying by the end of Q1 2022, but now it's mid-February 2022. Not really a huge change but they are now suggesting it won't be as late as the end of March 2022 whereas previously that was at least a possibility.

I'm waiting to hear what the next move is - dealing with the possibly fraudulent CPR, which is what really trashed the share price above all else, would put a rocket under this.

"The authority rests with the UK govt in London not with wnakres who lead the SNP putting party before the economy to secure the fascist Green vote."
"An odious party that conceals its hate very well...vile"

You are either utterly clueless or one of these ultra-unionist "I oppose Scottish independence because Rangers" union flagshaggers. I'm not a member of the SNP at the moment (haven't renewed as I have issues with the ridiculous woke GRA nonsense that seems to be infecting many countries right now) but I can assure you that the SNP is certainly not fascist - on a left right scale it's left of centre and probably pretty much in the spot that Labour (in Scotland at least) used to occupy.

It will be after we regain our independence. I don't think it likely that Scotland will decide to end oil production - in my view it makes little sense unless it's as part of a global reduction. Virtue signalling is pointless if nobody else does the same. Nicola Sturgeon is performing a delicate balancing act between green credentials and practical reality, as are most other world leaders with the same conundrum to solve.

Scotland is actually currently self sufficient in renewable energy, although the problem to solve is storing the excess to use when the wind isn't blowing. I think for vehicles, hydrogen may be the long term future rather than the ecologically nonsensical battery route, but oil will be needed for quite a long time to come, even if it is not to be burnt but rather used for plastics.

The thing that puzzles me (and it might just be that I have missed some news that explain it) is the change in the previous view that the water cut was due to perched water. The water cut doesn't seem to be increasing greatly at the moment, but when RT was talking about perched water, there was some science behind his view. I can't remember exactly what it was, but there was definitely mention of things that suggested perched water to those who know a bit about oil production. Is it the case that RT was simply wrong, or is there more to this than meets the eye? The apparent attempt to steal the company by rubbishing any prospect of it succeeding raises so many questions - the fact that anyone would want to steal a failed oil company suggests it isn't going to fail. A lot still to come out, I suspect, and the sooner we purge the boardroom of the last of the (alleged) crooks, the better.

I think we were all gobsmacked when HUR announced that the volumes of oil that had been discovered had suddenly vanished. I wonder if that whole business was part of the scam. It will be interesting to see if the resources are in due course upgraded again once a new BoD is is place and we start to move on to being a properly run company with a successful future.

Got confirmation from my broker (Charles Stanley) that my 450k votes have been cast against all the resolutions. Probably like ****ing in the Clyde in terms of tipping the vote but every little helps...

I think the problem here is that there are bondholders lurking in the background. I've seen this sort of thing before - was it Gulf Keystone that was pretty much destroyed by bondholders? Still kick myself not selling in Feb 2012 when that one was close to £4 IIRC, now effectively at 1p in real terms although I've been out of that one for years. Assuming the income rises with rising oil prices, we might have enough dosh to move forward, but if there is a need for renegotiating with bondholders, that is going to cause dilution one way or another. i think that is the elephant weighing this down for now. If we get approval for the new plan in Q1-2021, the SP will likely rise thereafter.

I haven't read the entire thread as life is too short, but I didn't see any mention of a possible Lincoln tie-in in the RNS. has that been ignored for now or is it abandoned?

I always get nervous when bondholders get the upper hand. I suppose financing to increase production at Lancaster really depends on what's in it for them. can't see anything good coming from any attempt at a placing at these levels.

I prefer Cream's version of Crossroads...

Better to remain silent and be thought a complete fanny than post that drivel and remove all doubt.

I would say it's just the old "sell on news" drop. Always happens with almost every share unless there is something spectacular announced. Results look very good. This will resume its climb shortly once the traders have left. Nothing negative in that report. Just sit it out or top up on the dip.

"manipulated".

Funny how yesterday HUR fell about 25%, far more than other oilers (except maybe those that are perilously close to collapse at these oil prices), and today the others seem to be recovering more. You would almost think the SP is being manipultaed.

Yes, it seems HUR is down more than many other oilers this morning. It's a bit of a perfect storm but going against the tide I managed to get my average down significantly today. Assuming we are still pumping oil, and that last RNS seemed to make that quite clear, this storm will pass.

I see PMO is down nearly 60%. Debt weighing heavily there. We're lucky that we're not debt-ridden and we have a profitable business model even at these low oil prices (which I doubt will last too long).