Member Info for Fred_Bloggs

That's right, but selling to English tourists who have a flight delayed doesn't sound much like international expansion to me.

As someone who's lived and worked around the world, I say there is no market for Greggs outside specific Anglo sphere countries. Departure lounges with lots of British air traffic, sure. But that's not really international growth as such. IMHO of course.

Same here, I think I'll put a limit sell order at Interactive Investor. Sell on the next excursion above 1700.

If you look up there ^^^ there's a link to directors share transactions. Buys, sells and exercise of options are shown. It seems the same person placed two buys on the 19th May. They aren't tagged as options.

I seem to recall they were thinking about opening in Australia? An obvious place to go. Would be tough though local competition, you're never very far from a good pie shop over there.

Reported in the press today that stores with high theft are being reconfigured to move all goods behind the counter so that everything is served by staff. What a sad state of affairs when theft has effectively been made legal and shops have to change their stores layout because of excessive levels of theft.

Getting a bit concerned here. The next GRID dividend should have been declared sometime ago now? Any cause for concern?

NGR1616, never let facts get in the way of the story, eh?

Has a SERIOUS anger management issue. Needs help.

NGR1616, it seems there's only you here properly understanding what's going on with this company. There's one or two posters here who appear to not only suffer complete denial of facts but actually need help with anger management issues. Seriously.

It's quite astonishing to watch. There's only one other poster here who seems to understand what's actually happening with this company and what level of risk is involved in the stock. That's NGR1616 and he/she is doing potential gamblers in this stock a big favour by posting. I don't think I have ever seen anything quite like this discussion before, even allowing for this stock being listed in the AIM casino. Remarkable.

johnpwh, it's no good telling people reality if they don't want to listen. It's sad what is happening out there with HUR in the real world. But the environment for O&G on the UKCS can only be described as hostile now Cambo has been binned. Extremely sad that the entire UK industry is now dying. HUR is a minor part of that. But that's what it is. Meantime, we rely more and more on imports for essential energy needs.

Ngr1616, indeed. I am happy to see things working out for HUR. But until an RNS is released reversing the previously RNSd issues with the lower P6 pump then if remains out of service. A situation that's RNSd remains the case until another RNS reverses it. The upper pump trip in June would have led to starting the lower pump had it been available. 100% for sure. They didn't start it. The well was flowed naturally until the upper pump was restarted.

Recent-ish investors here need to realise the incredibly high risk that relates to this stock. Let's hope the company goes on to fulfil some if it's early promise.

Hey, cut the aggression eh? You are both wrong.

"In March 2021, pressure variability was observed in the P6 well while utilising the lower ESP, with subsequent investigations suggesting a potential partial obstruction to fluid flow above the lower ESP. Production was restored to prior rates after a well intervention which switched over to utilising the upper ESP in the well. Investigations are still ongoing into the root cause of this issue. Should the upper ESP in the P6 well fail in the future, there is a risk that the lower ESP cannot be restored to full function, in which case the Company might need to flow the well at lower rates."

Read RNS Number : 1528X. There has been zero news about the lower pump being brought back on line. Reverting to natural flow on P6 when the upper pump tripped in June strongly suggests the second, lower pump is still not available.

"what is the status of the back-up pump?"

Look back for an RNS where the lower pump was taken off line for suspected blockages. The upper pump was brought on line. There has been nothing whatsoever about the condition if the lower pump since then. I think it's safe to assume it won't run.

When the upper pump tripped a few months ago, the lower pump was NOT brought back on line. The well flowed naturally until the pump was restarted. There was another RNS saying the upper pump was restarted after and electrical fault. There has been no further RNS about the lower pump.

Hence, the strong evidence is that the one producing well is relying on a single sub sea pump for production. If there was a second pump available, it would have been used when the upper pump tripped.

Why am I posting? Because there's a lot of people here now who aren't aware of the operational history of the sub sea pumps, and they don't realise how risky the present operation is. The evidence is that the company is one pump failure away from disaster.

Good to see the finances of HUR looking much more positive after the previous management debacle of trying to give the company away to bondholders. The stock has increased now from about 0.8p so a huge profit for anyone brave enough to buy then.

But, and there's always a but. This is a company with one producing asset that is just one subsea pump breakdown away from going out of business. We know that one of the pumps failed a good while ago. The remaining one tripped and was off line for a while too. Fortunately, it was a topside problem which got fixed. Lucky.

The risk to the company of losing the one remaining pump is off the scale. The company is just one subsea production pump failure away from armageddon? I have seen nobody here consider that risk. Thanks.

Oh yes, Malcy. Who else remembers Hurricane Energy "selling twenty pounds notes for a fiver"?

Even he was taken in.

"so will this mean the share price may recover? Or is it dead in the water, i hold a small amount of shares but my avearge is 4.6p, will it be likely to recover at all?"

No. You just lost almost the entire value of your shares.

Correct. Aoka Mizu will be decommissioned likely 3rd quarter this year due to the single production well watering out. The board already know. Hence they are not buying shares. There's no way back from here, I am afraid.

"Balls".

Exactly. The company is fu**ed. There's no value left in equity. I regret to say it, but the company is practically worthless now. Very sad ending to what looked like a game changing company not so very long ago. My worst ever investment, I will never touch an AIM stock again.