"If someone did want to take HUR over then manipulating share price lower works in their favor. One day I certainly expect to wake up to RNS informing us of a take over. However PIs will be the last to know when that might happen."
Unless HUR get a connection into the West of Shetland gas export pipeline, they may well be constrained by flaring consents. So it may not be quite the leg up in production you anticipate. However, I don't have numbers to hand so I could be too pessimistic on that.
Making me nervous. Any "normal" small E&P company on the cusp of very likely announcing a new super major UKCS hydrocarbon field would see it's shares heading north. Why not here? Unexpected bad news? I can't see it myself.