Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
107.90 - Bargain :-)
FTSE 250 is looking strong also today, this is due a huge bounce from these levels. Coiled spring!!
Shorts closing and buyers loading up, lovely recipe for a swift rise back to £1.50
All this needs is a confirmed contract RNS and shorts will be smoking. $42 billion of bids scheduled for award by year end!
Looking ahead, the Group currently has US$3.0 billion of secured revenue for 2021, comprising US$2.2 billion in E&C and US$0.8 billion in EPS. In addition, the Group has a pipeline of around US$42 billion of bids scheduled for award by the end of 2021, comprising around US$31 billion of E&C opportunities and around US$11 billion of EPS opportunities. Approximately 11% of the Group's bidding pipeline consists of new energies opportunities.
Nice buy on the bell there at 115p,
Date/Time Trade Price Vol. Value
16:30 115.1268p 495,102 £570.00k
Looking good, brent just went vertical on the chart? any reason?
https://uk.investing.com/commodities/brent-oil
Typo - Unlike most*
Possibly the best O&G opportunity since TLW at 7p imo. Like most other companies this hasn't had a post covid bounce!
Fantastic opportunity.
GLA
Back on the up, futures looking better today, Onwards and upwards.
Huge bargain down here imo
Looking strong into close
Not sure the news warrants over £100 Mil being wiped off the MCAP, added as can only see this recovering back up to 150 in the short term. Carbon copy drop from February 2019, then went over to recover nicely.
GLA
.
The only time thats is running out is time for shorters, SQUUEEZZEEE.
Dont all rush at once, back up to 5p in short time here after this update.
Oh and POO is $56, gla
Rubbish, better to look at longer term averages, which shows a REDUCTION.
Great news on the water cut reduction, even if only 1% at least its falling, maybe its perched after all :-)
I think given the large increase in revenues toward the end of 2020 will give stakeholders huge confidence that a sidetrack is the way forward!! Imo
Fantastic update, 2021 could be HURs year
GLA - finally nice to have some good news from an RNS.
The SP here is an absolute bargain.
$19m uplift due to increase in oil prices, expect Q1 figures to be even better.
Also note that the water cut is REDUCING from 26% Q3 to 25% Q4.
WC reducing in Q4
Great update, $106m in cash end of 2020!
Hurricane Energy plc
("Hurricane" or the "Company")
Trading and Operational Update
Hurricane Energy plc, the UK based oil and gas company, provides a trading and operational update ahead of its results for the year ended 31 December 2020. This information is unaudited and subject to further review.
Antony Maris, Chief Executive Officer of Hurricane, commented:
"Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."
Trading Update
· Production for the final four months of 2020 averaged 12,500 bopd, within guidance
· Production and oil sales for the year ended 31 December 2020
o Production: 5.1 MMbbls (average of 13,900 bopd)
o Oil sales: 5.1 MMbbls across 12 cargoes
· Operations
o Aoka Mizu FPSO uptime of 98% during 2020
· Key financials for the year ended 31 December 2020
o Revenue: $179 million
o Realised annual weighted average oil price of $35/bbl, or a $7/bbl discount to Dated Brent, including transportation costs
o Discount to Dated Brent of $2/bbl in H2 2020, compared to $10/bbl H1 2020, as oil price volatility reduced
o Year-end net free cash1: $106 million, compared to $87 million at 30 November 2020
Trying their hardest to get shares on the cheap here, rising the SP on the UT trade then dropping the price in the next trading session to -10% fishing for stops, all games, and given $57 a barrel their time is running out.
Over $56 again. We just need some good news now to really get the SP back to fair levels.