Member Info for haggis_trap

It is interesting to compare market cap of both companies.

Both have net cash of ~120 million.
HUR producing 8k bopd.
Kistos producing 10k bopd (gas equivalent)
In both cases the existing production has finite time remaining.

HUR market cap = 160 million
Kistos market cap = 362 million

^ all irrelevant. In a democracy the power must always sit with the voters. Scots elected a Holyrood parliament who voted to hold IndyRef2.

Who is actually being selective about which results to respect ? Not least given Scotland voted 62% to remain in EU.

Great news. CA (who have inside information) obviously see another exit path, which they deem to be acceptable, on immediate horizon

Brexit exposed the real fanatics / nationalists.

If the SNP were actually making a bad job of government (as you claim) then we could simply vote them out. UK government now being selective about which democratic results to respect in their denial of a second referendum (which the elected Holyrood parliament voted for).

^ brexit exposed the real fanatics / nationalists

^ translation : you don't respect Scottish democracy.

SNP have won every single election in Scotland since 2007. Holyrood, Westminster, EU and council. Anyone under 30 in Scotland knows nothing else...

If they were really that bad we could simply vote then out. Why hasnt that happened? Braying Brit-nats are two a penny (hence reason the UK finds itself stuck in such a big brexit hole).

^ while I personally disagree with sturgeon on this issue

1) oil & gas is not devolved
2) none of you have a Scottish vote, nor a clue about Scottish politics

Brexit has made independence almost certain longer term.

Can someone ask Maris two questions:
q1) why, having happily trashed company during restructuring, does he expect a premium now?
q2) why has he never done online interview to promote prospects
He needs to get sold now, or GTF.

I called Phil Corbett (ex-head of investor relations) on his new mobile number. As soon as I even mentioned Hurricane Energy he panicked and hung up.

The man is a lying rat and was implicit in the restructuring scam.

**** Maris & Chafe. No courtesy 7am RNS.
They are flicking Vs at all investors

p.s no courtesy RNS this morning will demonstrate the contempt that Maris has for those invested and LTH

Some excellent posts above. If someone is going to take over HUR at fair value (for both parties) then it needs to be sooner, rather than later

1) any tax credits dependent on limited shelf life of existing wells.
2) as time progresses the market cap of HUR will trend towards cash in bank

The reason a small player like kistos can buy these assets is because production was known to be in decline. If they had 10-20 years production left why would anyone sell them? An identical strategy, of buying unloved assets and polishing them up, was highly successful for Rock Rose.

On purely price to earnings ratio Kistos still looks cheap compared to other oil & gas producers. The question for investors is if you trust Andrew Austin to keep delivering future deals to maintain the bottom line.

Time for Maris to deliver. If he can't get this sold then he has nothing else to offer and needs to move on....

Good luck to any long suffering LTH who get that joke...

Ultimately anyone purchasing company won't pay full value (as they need to make a profit on transaction themselves). However I also agree 12p would be a fair price for both sides.

Most take overs occur at ~40% premium.
Wouldn't want to be out of this for the weekend!
For first time in years....

As I see it : if the board don't get company sold by 7th Jan then Marris etc will soon be gone. Will be an interesting week ahead. End game appeoaching. Though with closing date on a Saturday don't expect news until next week...

P.s anyone who thinks crystal amber are the messiah should look at their 5 year share price. They were are as dumb as us all for investing in this goat rodeo in 2014

10p = cheap
13p = fair value for both parties
15p = yes please
..
30p= management that gave a **** and fair wind/lucky drill.

Good scenario would be Kistos. Take over at 12p / equity swap with future potential

I am hopeful a sale is coming:
1) debt free
2) significant cash in bank (and growing)
3) small number of employees
4) decommissioning costs ring fenced
5) geological risks well and truly sand bagged
6) 8000 bopd
7) historic losses which can be offset against tax

I agree the price will be painful for LTH however hopefully it provides a clean break for all.
Maris has no interest in running an oil company - therefore get it sold!