RE: Pumping £300m of oil this year?4 Feb 2022 18:11
0161 - you are not getting something wrong here. It’s just that there are no forward plans, and there is no forward contract with the FPSO. There are also negative cautionary remarks from a very unpopular management faction about how long can HUR commercially produce. This view is not shared by many analysts and major shareholders. The management CEO & CFO have no skin in the game, and have had much legally unrestricted opportunity to buy. They need to be replaced. There needs to be a forward business plan, debt cleared, and a FPSO contract. So, to sum up : This company is lacking confidence and credibility. !