Member Info for haggis_trap

This....
The real danger for beleaguered LTH is the new board selling out cheaply.

Simple answer - majority of water seems to be coming from the 7z well.

Using ESPs will allow them to produce preferentially from the dry 6-well (which ran on its own for 6 months without issue).

Some sort of deal with Premier over Lincoln could be good news for everyone...

Solan platform is not far away from Lancaster, I believe it has spare capacity

Agree, when this was 60p it certainly didn't look like right time to sell. At that point I was on huge paper profit. Now sat on massive paper loss....

@MrWIlks - sit tight. Things will get better.
5p is not true value here.

For longer term holders there was no obvious exit point.
The drop drop in Jan 2020 to 30p should have been a warning.
I actually sold out then but then shortly after bought back in as Lancaster seemed to be performing well.

I also made mistake of thinking the subsequent drops to 20p,10p and finally 6p couldn't get any worse.
Give it in 12-24 months time : this story aint over!

@fandg2 : I am in the same position as you.
My average is ~30p.

In theory I could average down - but don't want all my eggs in one basket. Already got more HUR share than I would care to admit. As I see it there is clearly some uncertainty - hence the recent slump. However the balance of evidence suggests the companies is more likely to be worth 20p+ than 5p. Therefore I hold.

The 2 present day big-issues (covid and resevoir) will both be answered in 12-24 months time.
Sit tight - holding HUR is a roller-coaster.

Lots of longer term holders with averages of 20p / 30p.
I remain hopefully share price will eventually return to similar levels but it will take time (12-24 months) and assumes no big surprises

Obvious problem here is that there are so little shares in circulation the price will easily shoot up (or down) based on sentiment. One larger buyer (or seller) could quickly skew the share price. For now the trend likely been downward as the expected news not yet arrived.

Hope not the entire company : premier oil got massive debt. Though buying one of their fields would be great deal

As a director : I would buy some shares at 6p to show market they are good value...

share price may creep up by end of day if RNS still expected tomorrow...

Yes - this board needs more reasoned comment from posters like Slift.
Thank-you. My figners remain crossed.

Indeed. RNS will be released if / when deal is done. Recent share price could be market speculation : however it appears very probable something afoot

RNS and suspension from market in the morning?

I am not selling.... The recent rises suggests news v.soon

132p.

This has gone crazy

Got a top mid morning @1.16

Since then it has already gone up. Wow. Clearly not a lot of shares issued and everyone sitting tight expecting news ...

If the new board sell company for any less than 30p a share they will be shafting long term holders

With 60 million just banked he is probably not in rush for new job