Member Info for Fred_Bloggs

For as long as I can remember, the talk has always been of a buyers strike between BP and Shell relating to Hurricane Energy. The strategy seems effective. They may yet pick up the assets for a few p in the £. Given that Shell and BP licences largely surrond HUR's assets it makes great sense for them to starve the little guy into submission. The strategy is working very well. Both Shell and BP can just sit and wait. There'll be no generous farm in dowry to rescue HUR from those guys.

Thank you for your opinion, SouthSeaBreeze, it is of course respected. I know personally that the O&G industry is one of the most unforgiving there is. You're 100% only as good as your last bad job. I hope I am very wrong. The steadily increasing water cut since first oil paints a very gloomy picture. The share price says it all. I should have sold but didn't. My own fault. Back then, at around 30p, I thought a 300p within five years price target was quite possible. So did many others. I hope I can get out at evens but it means a 4 bagger to break even from here. Not impossible but this stock has a long history of every time there's a small price rise it's sold so heavily into, LTHs don't stand a chance.

easyp, sorry, I don't mean to come across as angry at all. I could have sold at 60p. But didn't. My own fault. Again apologies, it's not inteneded that way at all. But I will never again believe in a one man show, no matter how apparently well regarded he may or may not be. Lesson well learned.

Believe what you want to believe. Trice has expressed opinions galore. He has not presented any evidence robust enough to unequivocally dismiss it's aquifer coning. He has never opened himself to any public scrutiny on the subject by outside experts. He gets very tetchy if anyone asks anything remotely challening. He has at least twice released RNSs saying there's nothing wrong and two days later, just about everything is wrong. The price reflects this in spades. If the market believed him we wouldn't be <7p. Trice would still be in place. Instead he's damaged goods. In the O&G industry that's often terminal to a career. Yes, I'm in the O&G industry. I regret believing him.

Yobbo, multi-million dollar question - Why didn't Trice say so and support his case with hard evidence? It's hard to believe him because he hasn't really produced any evidence to show he is right. The market quite obviously doesn't believe him. I did. I don't believe him any more.

I am a bit puzzled why there's any debate about this still. I would have thought that a couple of analyses of produced water would conclusively fingerprint the source of the water as perched or aquifier by now? The market simply never believed Trice over this. I am seriously doubting him. I think he was economic with the facts and the truth.

Starting to look like another Amerisur Resources to me. Remember? The oil company with great prospects that was way under priced and was ripe for a nice takeover at a thumping premium? I was lucky, on one of the dead cat bounces I got out at even money. There's a lot of little guys going to lose a lot of money here because they placed their faith in a supposed highly regarded industry expert. Last time I fall for that one. In fact, last time I ever buy an AIM share, full stop.

" How is that explained?" - Very simply. The water cut on one well has been on an increasing trend from day one of producion, give or take. Dr Trice's seeming inability to engage openly and honestly with third parties about water cut is the main reason in my opinion why he has gone. He's professionally damaged goods now. I think it all started as a "let's hope for the best and paint a rosy picture" scenario. Which Trice has been unable to back track from as water cut got steadily worse and worse. An early acceptance that he may have been wrong all along about the water would have gone a long way towards keeping the stock price half sensible. But the market knew something was going wrong. Crew on rotation is one obvious source of real life information. There's many others. So, once it became obvious that those in the market that profit such things could trash the company value, there was nothing to stop them. Myself, I think Trice - on the thin public evidence we have - has been telling half truths here. He's been hoping things would get better. They haven't. Professionals do not do that. So he's gone.

I think this company desperately needs another producing well on Lancaster. If they can drill a dry one, leaning from the lessons of the last year or so, it could save the entire company. Another wet well or no signs of another producing well within a year - Then I think the company could be in very big trouble. They already have the subsea kit that was purchased for the Lincoln producer that isn't now happening. Big advantage of Lancaster production, it's 100% HUR's, nothing to do with the zombie partner, Spirit Energy/Centrica.

Yes. HTH.

Too close to call today.

Kerogen delisting HUR and going private?

Scrub that - Dr Robert Trice has resigned as Chief Executive Officer and a director of Hurricane by mutual agreement with the Board. - HUR stock though the floor this morning now? What has Trice been hiding? 5p today?

Would love see us testing double figure share price today. Brent holding above $42, positive sentiment Sunday night on Monday Dow futures. Finders crossed.

Equally interesting, adoubleuk, I would be out like a shot for 30p, be delighted with 33p. For fun, I'd sell 90% of my shares and hang on to the rump holding.

I hope to be as wrong as possible, LONGWAIT. I hope you're right. I think a super major farm in is a fantasy myself. Companies more likely to partner HUR going forward are like Rockrose, Siccar Point, Chrysaor I expect.

The picture I paint though has come to pass many times on AIM, most recently at Amerisur. It would be naive to think it couldn't happen here.

"But out of interest, what sort of sum per share would you call 'lowball' right now?"

20 to22p would be a knockout blow. We'd all be ex-shareholders with the majority (including myself) taking a haircut.

Low ball bid soon. Just like at Amerisur? Lots of little guys lose again.

Prepare for the typical AIM style sell down the river?

Hanging by it's fingernails at the moment at $39.98. Could go either way from here later today.