Member Info for Fred_Bloggs

Post trauma bounce tomorrow if Brent holds up?

Sadly, I now need a >4 bagger to break even from here.

Oh dear. That's looks very bad indeed. 8p again today?

Sorry guys, we're heading below 12p again today.

My apologies, I must pay more attention. I had no idea that anyone ever read what I posted LOL! Considering myself truly chastised now.

Ouch. We took a loss on that one then.

Oh dear, so, it's another red one.

I hope HUR consolidates >12p today. Brent trading a tad under $35 a barrel this morning. I hope we start to see a steady ascent the next couple of months in both Brent and HUR share price.

Brent a tad under $34 a barrel today. Let's hope for a blue one.

Thank you. If indeed, the next Lancaster producer can be drilled whilst having a high degree of certainty of avoiding large water zones, I am happy to hear it.

From memory, combined water cut from both Lancaster wells producing sits about 26% and increasing. I need a 2.5 bagger to break even here. As do many others. It's going to be a long haul, any sustained price uptick is going to be met by an avalanche of sellers. A cheeky bid could yet see thousamds of small punters losing a lot of money. The issue I see here with drilling a new producer on Lancaster, there's a 50/50 chance it's going to producw water. So it seems. Mr Market remains unimpressed.

I doubt they have the free cash available preesently to commit to more long lead sub sea equipment. I understand, if I recall correctly thethe long lead sub sea kit if being purchased for the LC tie back but may be used for a future Lancaster producer.

Furthermore, it remains to be seen over the next few months to a year whether Aoka Mizu becomes production constrained by produced water handlnig capability. I should think studies are already well advanced on debottlenecking existing water handling and adding extra facility should it be required. All of which adds to the overhead $ per barrel produced number. It seems Mr Market is not buying into the perched water theory as enthusiastically as HUR would like. Within a year, we should know for certain, I'd think.

Brent trading >$31 again. Need a steady increase in demand now lockdowns are easing off globally.

Ah but....... the buyer's strike is also very firmly in place too. Frankly, if BP wanted to take out Hurricane Energy it would have already happened. Presently, they can acquire the entire company for less than a rounding error in their annual accounts. But they haven't.

It reeked of desperation when HUR tied up with a zombie outfit like Centrica (Spirit Energy). It's not going to happen without seeing the white flag hoisted above the Aoka Mizu first. It may still happen like that.

I think.

Sincere apologies, I read the RNS incorrectly. Others have clarified.

FB

Looks like someone has been shopping in the latest RNS. Very good.

What we "may" have to fear is that with the outlook in O&G starting to improve and stabilise, could one or a group of the wealthy private equity vultures swoop on HUR? They could offer a 100% premium on today's market price and knock out all the private investors at a stroke. And as usual on AIM, we'd all just have to suck up the haircut.

Brent crude down a smidge but holding $30 a barrel, just. Eastern markets bounced, Dow Futures up. Let's hope HUR sticks above 12p today.

I am guessing they have to be careful opening the chokes for fear any increase in flow will be produced water?