Member Info for Fred_Bloggs

"My personal opinion is that they will be lucky to exit 2020 on 12000 bopd combined from both wells."

Agreed. No better than evens chance I'd say. Might even water out almost completely.

Like another said, the hedge is an insurance policy. Often you are pleased that you didn't have to claim on it because the outcome was better than you thought it might be.

"anyone would think 6&7 wells are both producing 100% water. "

Give it six months and they might well be close to that.

What price will Kerogen exit for?

Oh dear.

Spot on Slift. At this point I expect most of the oil and gas in place on HUR acreage will be staying down there in perpetuity.

Yes but........ Will I ever get my 30p back? I doubt it.

I think our friend here Proselenes must be a barrel of fun and laughter down the pub?

I hope so, a decent enough RNS.

This has AMER written all over it. But AMER didn't have the problems that HUR has. I managed to break even on AMER. Here, I'm 24p a share under water. I am not on my own either.

Assuming that HUR remains a listed company. By no means a certainty.

The ghost of Amerisur Resources sits in my memory. Sold down the river as per so many AIM oilers fate. I very luckily got out even there. And Amerisur did not have the baggage that taints HUR. I really want to be wrong but I fear a huge haircut for thousands of little guys, me included, lies ahead. I've already decided this is the very last AIM oiler for me. No more. I believed the fairy tale and lost. It seems.

I seriously doubt Warwick will ever produce commercially now. I can't see anyone having the appetite to drill there. HUR may as well relinquish the licence on it. If there's oil there, it's going to stay there in perpetuity now.

The biggest danger here to LTHs like me, is if/when the increased production rate resumes and if/when the water issues are mostly overcome, an opportunist low ball bid takes the entire company out. A 100% premium bid would see us wiped out most likely with a massive haircut.

This has for a long time been a major issue for me. Dr T never engaged in serious discussion about perched v aquifer water. It was a case of you had to believe it because he said so. For a while, I did believe him. But as the water cut got worse and worse I eventually started to lose faith in him. Now he's gone and soon the truth will come out. Dr T wasn't telling us the whole ugly truth. At least that's what I think. The share is priced now for bankruptcy. It may yet come to pass. By the time the next CPR is due we'll already know. I think Dr T's stubborn inability to accept what was happening at his train set has cost many LTHs a lot of money.

Even a 200% premium here would be a disaster for many holders, sadly.

Try any company, exact same response.

Showmethemonet, I'm like you, very deep underwater. I hope you are right and there's a decent future here for us.

Sad fact - This share is going nowhere until HUR conclusively demonstrates the "perched" water theory. The market thinks that the existing wells are going to water out. Until then, the slightest price rally is going to be heavily sold into. Only when weight of buying outweighs that, HUR is going anywhere. Sadly.

They have no money. (Spark Exploration).