Member Info for cat5

https://www.bbc.co.uk/news/science-environment-64492456

Hi Andy, you're not far out but I think you're confusing dollars and pounds

But how can the business be valued at 50p if there is a going concern issue?

We don't and it isn't.

If HUR had £1bn in the bank I would be very happy with my 50p per share, ha ha

According to the trading update of 11th January the company had $122m in net free cash at 2022 year end, approx £100m or 5p per share.
Each lift adds around 1pps, so by year end IF we can get 5x lifts, we're hopefully sitting on a minimum of 10p without accounting for anything further.

https://uk.investing.com/news/commodities-news/energy--precious-metals--weekly-review-and-outlook-2903812

https://www.reuters.com/business/energy/saudi-energy-minister-hopes-sanctions-wont-result-energy-shortage-2023-02-04/

Copied from Kign on the HBR board:
BP cuts long-term forecast for oil and gas demand

https://www.ft.com/content/857dfefa-98c6-4ed5-a0ad-5a7bb6669411

Despite the declines, in the New Momentum scenario global emissions would only fall 30 per cent from 2019 levels by 2050, according to the report, which added that a 95 per cent drop from 2019 levels was required for the world to achieve net zero emissions.
In that scenario, oil demand would remain around current levels, close to 100mn b/d, through “much of this decade” before declining gradually to about 75mn b/d by 2050.

Under the “Net Zero” scenario, the study’s most ambitious outlook for a reduction in emissions, demand would drop to 70mn b/d in 2035, falling to 20mn b/d by 2050.

However, BP argues that natural declines in existing oilfields mean investment in oil and gas production will still be required for the next 30 years, even under the “Net Zero” outlook.

LC! Cancel CCS now!

Hi Corry, thanks for the clarification.................I can sleep tonight then.

Just thinking out loud.
What's to stop HUR board (after court approval )agreeing with CA a price to buy their 600m shares at say 10p = £60m.
The HUR board are then safe in their jobs, and CA will have exited at a price well above what it is currently. HUR would still have £10m to distribute to a reduced share count.

Hi Tiger, Why would Bluewater want ot pull the AM?, they're being paid good money and the ship is of no use to anyone else
https://www.lse.co.uk/rns/HUR/aoka-mizu-charter-extension-and-financial-update-s5djyvl7tthi10w.html
I think we're all fully aware that we are reliant on the continued production from one well, but it is still in production at profitable rates and our money in bank increasing. Next off;oad 18th February or there abouts

https://uk.news.yahoo.com/labour-frontbench-invited-aberdeen-starmer-100940742.html

https://fingfx.thomsonreuters.com/gfx/ce/znvnbzxgjvl/OIL%20OUTLOOK%20SURVEY%202023-2027.pdf

https://fingfx.thomsonreuters.com/gfx/ce/znvnbzxgjvl/OIL%20OUTLOOK%20SURVEY%202023-2027.pdf

Hi Tony, you may well be right but we're still pumping the black stuff

Hi Hank, you might be right. My thinking is that (hopefully) there will be 5x lifts in 2023 @ $30m net to HUR = $150m.
= £120m ish or 6p per share.
Others will have their opinions

Because I haven't really understood the reasons behind this company move I Googled it:
https://www.accountingweb.co.uk/any-answers/cancelling-share-premium
I hope it helps anyone who is as daft as me.

Hi fandg2, Does the form indicate the implications of cancelling the share premium account?

Sorry if I'm being thick!
Does this mean that IF we take the 3.1p per share the company loses the accumulated tax credits of $645.2m?

I think you're a bit early, I have it pencilled for 6th December, Laserdisc your man for that info