Member Info for Fred_Bloggs

@Parkz1892, that was my last roll of the dice here. Enough is enough. I put far too much in here. Others may differ, but I have hit the limit. Good luck others. Still a long way to go for me here yet. Need a 3.2x bagger.

Like that other dog, Amerisur? At least I broke even on that one.

There's a long way to go yet for me to break even here, but it's nice that my last (small as it was loose change) but here at 6.7p is in blue territory. My next "blue" territory is, I think, 14p. At 30p I'm even and out of here.

Is anyone even interested? Does anyone care?

10p? Could be a tough bar to clear with Brent down nearer to $39 than $40.

My answer to that question is to urgently drill a new (dry) producer at Lancaster. They have long lead sub sea hardware on order ex Lincoln crestal tie back. And an idle rig on hire (I think?). Big advantage would be, HUR 100% own Lancaster and they now understand far better what to not do next there. But, what do I know? With Brent price recovering nicely, bond refinancing is less of an issue. Another (dry) 10 kbod Lancaster producer is the answer here.

Well, I thought it certain we'd see Brent Ctude above $40 per barrel by year end. Overnight, it's broken though to $40.06. What does it take to move this horriblestock back into double figures. $13 profit after all costs, even with a single well operating and concernsabout water cut, we should be >10p here. What a crock.

Nice to see Brent challening $39. Hopeully $40 will fall soon.

Yet, with a big seller now fully sold, the best that HUR can manage is a pathetic 0.01p uptick? Hopeless.

It's worrying when the big shareholders (after hours RNS) are reducing at this price rather than buying. What else do they know that we don't, eh?

Last roll of the dice here for me. I scraped together the bits and pieces of cash I had in my account and spent it on HUR. It was only going to lie there and I had trading credit so nothing to lose. It's hardly made a dent in my average buy price but it helps, even if only a little bit. I need 4 bagger from here to exit without a loss.

Could be a blue one today unless Brent craters later this morning. Anyway we already know, any uptick is sold into agressively at HUR. Hopefully if we get sustained upwards pressure on Brent then HUR will break through into double figures the next month or so.

Doubt it. July futures are around the $37 mark. Monday I expect we'll be in the $35 range again.

Ah............... Brent futures, now I understand, thanks.

Brent closed at $35.31 Friday 29th May?

"Wasn't there something about GOR as well which was restricting ESP's working? And/or something to do with oil flowrates fluctuating"

Simples - Two phase pumps. We already thought of that.

I have a hard time listening to the stories about ESP commissioning. Fact is, every set I have ever seen, the VSD (variable speed drive) units and the pumps are always fully tested before being crated and sent off to the job site. You cannot afford to run the risk of major equipment design or quality issues when the kit arrives off shore. The logistics of addressing any serious issues when the units are offshore and subsea means we do everything possible to ensure trouble free start up off shore. Ofcourse, the actual conditions off shore are different to any on shore testing. But fundamentally, the kit is never sent off shore without us being 100% certain it's going to work. Off shore set up and commissioning, whilst extremely important to do it safely, isn't the huge technical issue some would have us believe. It simply isn't. Full stop. Why haven't they started them up yet then? Presumably, the wells have been flowed quite satsfactorily against chokes flowing under natural well pressure. I guess to date, they haven't needed them.

There's not much support under the HUR share price today from Bent Crude, I'm afraid.

7.3p?

Holding $36 a barrel by a smidgeon today, it doesn't feel like a wonderful day ahead of us here.

Holding up a little under $36 this morning for Brent crude. Perhaps a relief rally in HUR stock today?