RE: SQZ / DCUs1 Oct 2025 11:55
> My view on aduk's death - walking into a river near new french home he was renovating - is i find it difficult to believe it was not related to HUR, depression & sadness.
Exactly this.... I never met AdoubleUK. However, his sad death / untimely suicide undoubtedly indirectly related to losses from Hurricane Energy.
I sold out of HUR when the PRAX take over was announced. Didn't like deal offered and re-invested my money elsewhere.
However, the PRAX bankruptcy must feel like the second team Hurricane share holders have been defrauded for 2nd time.
When I originally invested in HUR it was on basis that even worst-case Lancaster would produce until ~2026.
The low end geological estimate of the CPR has indeed proved to be outcome.
However even in that "worst case" production scenario I estimated the share price should have been 20-30p.
That assumption incorrectly assumed that HUR board (Marris, Chaffe et al) wished to keep operating as an oil company - rather than give Lancaster away for their own net gain. Daylight Robbery. SQZ have got a bargain deal.