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Fully agree here with Pensioner223 on ADVFN:
Pensioner223 Nov '21 - 16:14 - 30920 of 30920
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The supply vessel would have been signed up AFTER the AM imo, so that could be read as the AM contract being inked DYOR.
“ROYAL Dutch Shell chief executive Ben van Beurden has hammered home his view that the oil and gas giant has lots of ‘running room’ in the North Sea, with its activity likely to focus on the West of Shetland area.”
“Mr van Beurden underlined the fact the North Sea is one of the nine core regions that Shell will focus oil and gas investment on.”
“Eighty per cent of our capital and 80% of our exploration effort will be in these nine core areas,” he said.
https://www.heraldscotland.com/business_hq/19084342.oil-giant-plans-north-sea-developments-targeting-net-zero/
Given today’s PoO and global state of affairs, not to mention HUR’s current fear driven massive undervaluation (primarily caused by the now Ex-HUR BoD), potential here is absolutely huge, wether it be in JV/Farmout possibilities with partners, utilising HUR’s massive Tax Credits, new funding via the markets (something the old BoD completely ignored even with fast rising oil prices), along with variety of operational enhancements to utilise Hurricane’s vast prolific WoS acreage, bp is already enjoying the extremely high grade crude from Lancaster, how about Shell’s/Or others M&A interest here which all seems to be focused on the extremely rich WoS region:
“ROYAL Dutch Shell chief executive Ben van Beurden has hammered home his view that the oil and gas giant has lots of ‘running room’ in the North Sea, with its activity likely to focus on the West of Shetland area.”
“Mr van Beurden underlined the fact the North Sea is one of the nine core regions that Shell will focus oil and gas investment on.”
“Eighty per cent of our capital and 80% of our exploration effort will be in these nine core areas,” he said.
https://www.heraldscotland.com/business_hq/19084342.oil-giant-plans-north-sea-developments-targeting-net-zero/
NGR1616, actually your statement is totally incorrect and clearly contradicted if/when reviewing IHS Markit resource maps of the area, please stop spreading false information on this bb, particularly as you hold no HUR shares but for some reason do seem extremely bitter and hence, post here so much more than actual HUR shareholders!
“Why is P7z not producing”
Interestingly, it could re-start producing at any point/time.
“HUR have poached a good senior reservoir engineer from BP Clair this year.......... in safer hands now”
Interesting and good to know wellsite, thanks for that info.
“solid update and very interesting with the timings, CA seem to have this one under firm control, should be a very good 2022 for HUR ahead.”
Also agree, great update today with lot pending post CA AGM, also believe here that 2022 will be dream year for HUR, GLA.
No news here is actually very good news IMO, and means that things are so far going pretty much as planned/expected with $83 PoO, and no unexpected glitches, fingers crossed.
Until there are viable global replacements for O&G, Oil is here to stay and lack of investment simply leads to lot higher PoO ahead, even Coal has not yet been replaced, just take a look at India with around one third of the world’s population!
Now lots of news/updates expected here and most should be very positive, hence, fear driven oversold status created by the old corrupt board will rapidly disappear and HUR market cap will move up to lot more realistic levels in weeks/months ahead.
Looking ahead, possibly by early Q1 next year, HUR at these crazy low valuations will seem like it was the grand bargain of the century here, and as stated, on low trading volume days like today, small AIM market cap company shares are very much prone to various short term manipulations by MM/Others….DYOR.
An Absolutely Outstanding RNS update by CA today on HUR, time to top up here me thinks, HUR MCap is clearly way undervalued/oversold at the moment, particularly with Brent at $86 and rising, DYOR.
https://www.lse.co.uk/rns/CRS/net-asset-values-d9j15rciwe2ach7.html
All of the above!
Personally, expecting the Bluewater extension news circa next week along with few other updates from the new BoD. Outlook and potential for progress here is now extremely bright, while HUR MCap today is unbelievably cheap!
Given today’s PoO and global state of affairs, not to mention HUR’s current fear driven massive undervaluation (primarily caused by the now Ex-HUR BoD), potential here is absolutely huge, wether it be in JV/Farmout possibilities with partners, new funding via the markets (something the old BoD completely ignored even with fast rising oil prices), along with variety of operational enhancements to utilise Hurricane’s vast prolific WoS acreage, bp is already enjoying the extremely high grade crude from Lancaster, how about Shell’s/Or others M&A interest here:
“ROYAL Dutch Shell chief executive Ben van Beurden has hammered home his view that the oil and gas giant has lots of ‘running room’ in the North Sea, with its activity likely to focus on the West of Shetland area.”
“Mr van Beurden underlined the fact the North Sea is one of the nine core regions that Shell will focus oil and gas investment on.”
“Eighty per cent of our capital and 80% of our exploration effort will be in these nine core areas,” he said.
https://www.heraldscotland.com/business_hq/19084342.oil-giant-plans-north-sea-developments-targeting-net-zero/
Truly Excellent RNS, no wonder CA wants to own more and more of this company, double figures here in HUR very very soon, DYOR.
Why would the now Ex-HUR BoD have bought any shares here when their sole aim at the time was total shareholder value destruction in order to suppress the already way undervalued HUR SP to help succeed with their incredibly crooked scam which was eventually stopped primarily by The British Courts along with HUR shareholder activism including that of CA. However, while new HUR BoD now do look very proactive here but nevertheless, the 2 current/new members have only been in place for ~3 months while having had to deal with many company critical issues and a deliberate mess left by the old incompetent crooked BoD, give it time and IMO, new HUR BoD will have sufficient skin in the game here going forward, and HUR market cap will also be and should be in multiples of where it has been artificially suppressed to at present by the old guard, and now $84 PoO here will also act as a significant catalyst in that positive direction.
Why would the now Ex-HUR BoD have bought any shares here when their sole aim at the time was total shareholder value destruction in order to suppress the already way undervalued HUR SP to help succeed with their incredibly crooked scam which was eventually stopped primarily by The British Courts along with HUR shareholder activism including that of CA. However as pointed out senseman, while new HUR BoD now do look very proactive here but nevertheless, the 2 current/new members have only been in place for ~3 months while having had to deal with many company critical issues and a deliberate mess left by the old incompetent crooked BoD, give it time and IMO, HUR market cap will be and should be in multiples of where it has been artificially suppressed to at present by the old guard, and now $83+ PoO here will also act as a significant catalyst in that positive direction.
Exactly morganna, as going forward, Shorters of less than 0.5% are not tracked, we can only go on tracked information which will be provided by the graph/site which for the first time in a long long long time is clearly showing absolutely 0% HUR Shorts, HUR today is clearly in the bargain basement territory which will not last, especially with fast rising PoO and new BoD.
https://shorttracker.co.uk/company/GB00B580MF54/
Now with Brent at ~$82 and still rising, HUR SP is undoubtedly one of the most undervalued and currently strangely oversold shares trading in the U.K. markets, please DYOR as this must surely be a Multibagger in the making with potentially many key updates pending here ahead!
GLA