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“How A Biden SPR Release Will Send Oil Prices Even Higher In 2022”:

“Goldman Sachs strategist Courvalin: A possible U.S. SPR release has now been fully priced in”

“Goldman Sachs: higher oil prices are justified by a strong demand recovery in the face of a slow supply response”

“A slow supply response from oil producers would only lead to further upward risk for oil prices”

https://oilprice.com/Energy/Oil-Prices/How-A-Biden-SPR-Release-Will-Send-Oil-Prices-Even-Higher-In-2022.html

I agree RB but can’t help wonder if the delay on certain updates here may also have something to do with upcoming CA AGM on Monday, just saying?

I can easily see HUR SP back in double figures soon post the CA AGM, with $83 PoO, HUR MCap today makes no sense here, DYOR.

Excellent update for today, and much more to come in days/weeks ahead, all sounds very good here moving forward. Good luck everyone long HUR.

If one CPR can be so wrong then you can rest assured that so can the other, after all, the necessary data for the last CPR here was provided to ERCE by HUR’s corrupt BoD; WoS is generally known to be extremely prolific region, hence, it is now crystal clear that HUR requires a totally new and truly independent CPR going forward which I’m sure will be both interesting and very revealing!

Sh3dman, do you see sufficient viable global alternatives for O&G within the next 10-20 years as minimum, particularly as Coal starts to get phased out (which in itself will take time, especially in countries like India with 1/3 of world population). As energy transition gains further momentum, PoO will only rapidly rise until the time when sufficient suitable global alternatives have been confirmed, IMHO.

“Could CA and Private Holders block a last minute Grab ?
Would there be a Rejection of a 10p offer ?”

HUR assets alone are currently worth significantly more than a 14-16p valuation as absolute bare minimum here (that’s not even including HUR’s hefty tax credits), and if any early takeover/bid, it will have to be at least ~14p+ at this very moment (and likely lot higher from next year) in order to have any chance of success but nevertheless, even at 14p+ bid valuations here, many LTHs may unfortunately still be sitting on some hefty losses, all IMHO, DYOR.

Unbelievably again, only circa 500K of shares traded here so far today, and with current HUR market capitalisation of mere ~£93M, SP manipulation on such extremely low trading volume days (wether by MMs for filling large orders like yesterday or/and Others) is so incredibly easy, just saying!

OPEC spare capacity today is a big myth, production of their ageing fields will continue to decline while uptick in global demand gains momentum, US shale will take at least 1 year or likely more to gather any steam from the continuous lack of investment, basically, PoO is only headed one way and analysts seem to agree that is towards $100 and possibly lot more, and in the meanwhile, if any unexpected geopolitical events that effect supplies occur, then sky is the limit, HUR as a seriously undervalued and oversold case here is now extremely well positioned to benefit accordingly, DYOR.

Any deviations from the known and/or expected here would have had to have been communicated via RNS, so no news is good news, Brent is also nicely moving up again today.

HUR assets alone are currently worth significantly more than a 14-16p valuation as absolute bare minimum here (that’s not even including HUR’s hefty tax credits), and if any early takeover/bid, it will have to be at least ~14p+ at this very moment (and likely lot higher from next year) in order to have any chance of success but nevertheless, even at 14p+ bid valuations here, many LTHs may unfortunately still be sitting on some hefty losses, all IMHO, DYOR.

Post from ADVFN today:

sloppyg26 Oct '21 - 10:22 - 30654 of 30671

“RFTL's can be offset against future NON-RF tax profits. There are various Group relief mechanisms in place and depends on the nature of the business acquiring the assets and if indeed they acquire the entire share capital of HUR etc

This is why they are conducting a review. My instincts are it will prove to be an extremely valuable asset......those B/Hs were not stupid.”

For the record, 12 February 2022 is my estimate.

With $86 Brent today, I have a feeling that we’ll see a nice blue positive finish to the day, and also, HUR SP will likely see double digits here before this year end.

Hurricane Energy is now clearly on the path to recovery (especially from the Ex-BoD crooks!), upside potential here by far outweighs any downside risks at these valuations, and hence HUR’s true market cap rally towards more realistic levels is only about to commence along with that of Brent, GLA.

senseman, first thank you for your relentless efforts on the recent BoD emails to which I have also contributed as requested.

Now as to potential for an eventual £1 a share HUR valuation, I was only referring to when/if bonds are sorted and a funded forward plan has been agreed based on a hopefully new revised CPR here (as per previous bb trail comments) where with also $90 Brent, it is not a far stretch IMHO, and that is exactly why if I was a bidder here, I would show my hand ASAP before price significantly goes up which was my key point, GLA, especially LTHs.

If anyone (including big players like Shell, BP, etc..) want to put in a takeover bid for HUR, then now is the time, as when bondholders are settled or extended here, and a forward plan has been agreed/is in place, then with potentially $90 Brent ahead, you may need to bid £1+ a share here to succeed, all IMHO.

HUR assets alone are currently worth significantly more than a 14-16p valuation as absolute bare minimum here, and if any early takeover/bid, it will have to be at least ~14p+ at this very moment (and likely lot higher from next year) in order to have any chance of success but nevertheless, even at 14p+ bid valuations here, many LTHs may unfortunately still be sitting on some hefty losses, all IMHO, DYOR.

"Petroatlantic now departing for LANCASTER
ETA: Oct 8, 05:00"

Once again worthy to note that many O&G companies would only DREAM of HUR's current production levels and at today's Brent prices where now additionally, USD $90+ is also currently forecasted for Q4 onwards; West of Shetlands is known to be an extremely prolific region, and I believe HUR's mysteriously vanished Oil (Billions!) will suddenly and miraculously reappear one day in the not too distant future, and now with a new proactive BoD in place, fortunately IMHO, it will certainly be us HUR shareholders including long suffering LTHs who will get to enjoy them (along with the relating rewards) instead of the unknown mysterious group of "ad hoc bondholders".

Good/Timely Post.

Time to move from “Yellow Gold” into “Black Gold” and for that, way undervalued HUR is undoubtedly the best bet here today.