Member Info for hasiba

“The risks maybe the same however the chances of share price recovery to last years high are a lot slimmer .”
Well..let’s hope the sp recovery to their high so everyone is a winner....

Ongoing risks are the same now but they invested in a different company last year with no problems...but we are investing with a new version company laden with . problems ...
It is the full context of my post rather than take bit of it and conclude accordingly...
I don’t agree...they were less risky THEN than us NOW.....though we are both in the same boat now.

I sympathise with people who bought high last year or stayed put then as the future investment growth and RNSs were reinforcing that all going well with increasing oil production and revenues and the company is sitting on massive rich assets..
People who bought low recently at low sp including myself ..let’s say for now we are luckier but we really still taking bigger risks than the old lth as we are investing in troubled laden company but they at the time didn’t...
So please let’s be fair to each other .
GL holders

Received:::::::::)))
More than double state pension!

“Can you honestly see 15p?? I’m really struggling with that as I can’t see what will change to drive that price so far”...
Yes..why not!?
I had the same cretics saying tlw,pmo,jog,trin..only a few months ago..etc were worthless and going bust and only fools buy them ...tlw sp was 7p, pmo was 15p,jog 48p...then.
Please go and look at their prices now..
HUR is now at very low SP and its you who decide to put your bet on or sell and have peace of mind..
Anything possible.
GL holders
Back to Watch the non stop Pantomime !!

Great inputs...thanks a million!
GL

As per my post on 3/6 my target was to be £2+ then sell...
Any thoughts of the reasons behind the recent surge in SP?
Balanced view please!
Many thx

I sold after the cut off date for entitlement but got my allocation to buy at 110p to buy. I bought the basic entitled and asked for more if available...
I think DLAR worth a gamble as it seems in recovery mode with new contracts in place with more guaranteed revenue and further growth expansions.
GL holders

Positive..
HUR is producing 12kbpd with sustainable production since May2019
So far water cut has been manageable by the fpso which is handling it as it’s less than 17%
Huge rich assets
Game changer for uk on HUR wider success
Changing of the guards recently is positive imo ,to focus on shareholder value
Dr T the founder brilliant geologist is still there to advise
No ii or directors are rushing for the exit selling their holdings
The new ceo has over 30 years experience in the field and focusing on issues matters most for shareholders and stability of wells by having a technical committee in place.
Free cash growing in the bank
Low cost production but this needs further confirmation
It’s made in Britain...(love it!)

Negative...
HUR is facing a number of issues including water cut
Well7 problem needs clarification and be rectified
No certainty of success in sustainable production with fractured basements first in uk after recent problems.
Market lost confidence in HUR with repeated problems and promises were not delivered
Decrease in target productivity in big ways recently
Market share valuations have been decimated in the last year and well before Dr T resignation
Market sentiment is very low at present.

I hold big number here at good average relative to the current SP and hope all holders success
I have confidence in HUR to deliver the goods...maybe will take time but imo we will achieve this..

It’s risky but I like continue reading the story!

No one should mock any one else here because they expressed their views...agreed
But you can argue and disagree with it as much as you like in civil manner..
Unfortunately you can’t change people unless they change themselves...

Cont....
First and most I want to hear now is sustainable production at 10-12 kbpd with manageable water cut by well6 then all other issues can wait until later this month as scheduled.
This will stabilise the SP, regain some market and investors confidence , also attract the big boys neighbours to look at HUR potentials more seriously...

Yes..agree with you but the last RNS the company aims to increase productivity, preserve cash with financial discipline . This meant to me at least no expectations of expansion/extra spending for now!
They obviously are aiming and focusing on generating cash and sustainability with the focus on incremental well6 production increase.

I hope you and Swazers are right as I never believed in charts because they dismiss the fundamentals of the company but hey..I hope I am wrong and you both right and make more money...
Swazers seems to have convinced you which is something..
Good luck holders

There are lots of unknowns to predict the probability of cost pb...as we don’t know the outcomes of the future production and costs of all in and the sustainability.
The market is uncertain too reflecting in SP current market valuations...
I am looking for facts from HUR as of the current state of affairs!As quite a bit has changed since the original figures declared...
The reassuring statement of the company going forward stating on 8/6/2020 aiming for lower cost production and this may be better than feared.

Offload=production =sustainability =continued revenue...all sounds good but....
We need the current cost all in pb, the update of the water cut from well 6 hopefully stabilised , any production incremental increase ,then turning on well7 Update...and updates on free cash flow and future financial projections.
This is for now then other matters we can wait..

I never believed in charts as it doesn’t take company fundamentals into account...
It’s basically a prediction and biased towards the chartist to justify its failure when it doesn’t work. The chartists use the start point that suit to show success but never the full real sequential events in the full share price history progress.
Professional day traders with very sophisticated softwares in the city only showed some success .
My views to not buy or sell on charts but others may have a better views..

It will be great if posters stop belittling others or ramping the SP with wishful thinking or a few trying to be experts who have already lost a fortune by listening to their own advice and now asking others to believe in them!! Absolute nonsense..
If you lost here then tell us why.. so everyone else listen and learn from your mistakes ,otherwise please don’t keep dribbling with your failed expertise ..But if you have nothing to offer just sit ,watch and learn from others who might help you to profit..
The Derampers too need to tell us their reasons for thinking so so we can broaden our thinking with things we have missed and thank you for it....
Rampers and derampers loud voices are just not helpful and you come across as desperate punters..
Using abusive language and throwing at others just exposing oneself to disrespect by others..
Please post constructive posts ..be it negative or positive but backed by facts and research..
GL holders

Added a few more at 5.9792p

CaptainSwag...
Production sustainability is one of important issues in the fractured basements as these are notoriously depleted very quickly in many and were abandoned and others were overcome by water and became uneconomical to continue .
The other point is HUR is currently one field source producer and if well 7 is not rectified then we are stuck with well6 for now to control with all water issues when increasing productivity if we can..
This link might be useful for us to look at from 2019 with Dr T ..
https://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2019/treasures-in-the-basement

I am in here with big holding as I want to believe HUR will deliver but it’s still a big risk when you look at what led to us here with decimated SP...

The current market Company valuations reflecting in SP are based on...
Uncertainty towards sustainability of oil production by fractured basements
Departure of the ceo and founder of HUR
Water cuts issues in both wells
Temporary shutting of well7
One well bet source (well6) producer..but no certainty of another yet
Promised increased productivity didn’t materialise or sustained
Oil pb cost at current production has increased so lower profits
Up date Assets/reservoirs assessment.. awaiting
New crews ability to deliver is being assessed.
...etc
So the coming rns will throw the SP in either direction but I like to believe Hurricane will deliver sustainable and increased production and hopefully rectify the wells issues too ....
Just imo