Member Info for DiveCentre

definitely reached bottom.
Sums up the level of contributions to this board.

Or maybe:

Some posters here are too good to be true.

Genghis
"If the water and other issues resolve "
I assume by other issues you are referring to poo., but I'm happy to be corrected.
The latest RNS suggests the Company it prioritising the build up of a cash reserve and will keep CAPEX to he bare minimum.
Accordingly, and barring disaster with the w/c they should have sufficient cash to repay the majority of the CB's if not all., and if a little bit short the ongoing viability of the Company should permit refinancing of the balance.
To put it another way if the Company is still around in 2 years time when the CB's are due they will not be an issue.

PlantedBHA
If the Company were to report that the water cut had reduced I think investors would breath a huge sigh of relief and the sp would improve. By how much in the short term I don't know but long term, provided w/c remains constant or continues to reduce by multiples.

"I don't mock other people"
"go back to your cave fella with you years of experience and 29 posts. Lol"
That must be a bit of friendly advice then?

J** up 7.69%
ken10
don't worry you're not the only one full of sh*t

Given the previously publicized plans to tie back one of the wells from Warwick/Lincoln HUR must have had field determination.
https://www.ogauthority.co.uk/exploration-production/development/field-determinations/

Fields may be re-determined at the request of any party following the acquisition of new information – either seismic or from wells – that indicates the original determination is no longer valid.

note: "at the request of any party"

Who might that party be?

Was that a feeling in your waters?

The OGA figures for production to 15.04 indicate a 26% average water cut.

PlantedBHA
20K Bopd was the rate before down time. The Company have never said they expect to produce at this rate 100%.
The rate after down time, or what might be described as the average rate was initially 17k which was the upped to 18k.

Slift

What you and possibly others new to HUR fail to grasp is uncertainty over the nature of HUR's assets. If long term commercial recovery is possible the potential is massive. If not then it will be a disaster. The jury is still out on whether HUR's FB will work. At last years AGM Alistair Stobie mentioned with great excitement what he called the interruption meaning that they expected a takeover or farm in within the next twelve months. This has not happened and it may be that the Warwick results have made the 'interested parties' a bit more cautious. The increasing water cut in the 7z well has unnerved investors but may also have created further uncertainty in the minds of those 'interested parties'. So whilst HUR looks dirt cheap and ripe for a takeover its not as straightforward as someone coming in with an offer at 10 or 12p.

If for example an 'interested party' approaches the BoD saying we are prepared to offer 12p,but only if you make a acceptance recommendation and the DoB accepted what would that say about their confidence in the assets.

RT said they needed to get 6 to 12 months data following first oil and for reasons not fully explained they only had 5 months at the time of the capital markets day. I know that the Company were originally expecting to have a CPR in H2 this year. We now know it will be next year. I cannot see the BoD agreeing an acceptance recommendation for a low ball offer before and until they have enough data to provide them with a better idea of the value of the assets.

Fred_Bloggs
I don't think Kerogen or RB would accept an offer at 12/13p. Also consider all those other II's that contributed to the fund raise at 32p. We don't know how many remain and to what extent but I suspect it will be a good proportion. If an offer comes It will probably be when there is a better idea of commercial success in which case the value will be appreciated.

Genghis
I doubt that Kerogen were the only party involved in RT's departure.
RB has been very quiet recently and I just wonder if he has revised his target price.

Maybe, so long as it is not JP.

bartlebobton
Is JK Rowling really a bad person?

JAdam
If you did not understand the nature of the man when you invested you have only yourself to blame.

Would be nice if LSE gave you a 5 or 10 minute window to edit.
LSE please note.

Genghis
Just a thought but might the possible downgrade of contingent resource estimates be an acceptance that there is much more perched water pockets in the reservoir rather than just just a less optimistic O/W contact.

Despite London South East failing to show it HUR have issued an RNS today.
Look on the official London Stock exchange site or even on HUR's own website

Captain Swag
The put option cost $3.4m. It's in the RNS.
Should guarantee at least $90m revenue for the rest of the year.