Member Info for JiffyBag

Avacta are now being challenged on the Saliva Test, lets hope they get theirs out soon!!

https://www.gov.uk/government/news/new-saliva-test-for-coronavirus-piloted-in-southampton

https://www.bbc.co.uk/news/health-53131237

The Guardian has also learned that the government is in advanced discussions with one of the biggest saliva test companies in the US about getting approval for its product to be used in the UK.
The California-based firm, Curative, which is run by an award-winning UK scientist, has told officials it can provide 100,000 tests a week immediately, with the potential for capacity to be massively expanded if it gets the go-ahead. The company is providing tests for the US air force and said it had carried out more than 300,000 tests in five states including Texas and California.

https://www.theguardian.com/world/2020/may/22/uk-covid-19-saliva-test-trialled-5000-key-workers

The fact is we are now currently treading water and are currently sat in no mans land for the time being, and the next few months will be absolutely critical as to how our BOD's regain an advantage in bringing back HUR back to it's former legacy days . all in IMHO.

Robone,

I disagree, I value the comments and technical analysis of AK assuming that is to whom you are referring to?

One can be both be critical and praiseworthy of a company when it is warranted and that in itself is healthy discussion.

The fact is we are now currently treading wate,r and in no mans land for the time being, and the next few months are critical IMHO.

Morning AK,

Agree, as painful as it is to admit reality, we have so many challenges ahead of us for sure.

1. Spirit
2. 2020/2021 Programme of works.
3. H2O
4. Luck

Robone,

Excitement?

Prey tell us all.

5 years more like before we hit the legacy highs, assuming the new BOD'sfinally get their act together.

https://www.youtube.com/watch?v=4bcnO3VQ_fc

MK111,

'As as holder I am now further worried but felt it right to
"let their at it" on the this bb.

How very considerate of you.:O)

I have often wondered what the ESP's might actually achieve over and above natural flow rates.
Can I take it that down hole pressures have now diminished and hence the need for ESP's?
Or is there more to this in managing water cut?

Daltry,

Just mention to your HK pal, we will settle for 50p a share :O)

GoldSpecJezza = Parker ?
https://duckduckgo.com/?q=hese+have+damaged+the+trust+shareholders%2Finstitutions+have+in+placed+Avacta.&t=ffnt&atb=v1-1&ia=web

https://www.itv.com/news/2020-06-27/hopeful-holidaymakers-rush-to-book-getaways-as-restrictions-ease/

London,

Jonesy lives in a totally different Universe from the majority of the average investor normal folk, his predictions are nothing more than pure Ramptastic dreams and based on what exactly?

As much as I respect Myles analysis this is after all AIM and one should think carefully before investing more than one can afford.

What we have with Avacta is a long term investment proposition imho, not a 5minute get rich quick share that many are sadly under the illusion of.

BB T---t,

Re: 'MaryMullins; Where did this nugget of information come from .... "An operational update is due within the next week as well as the field determination on Lincoln"

Bit of homework for you :O)
'Having completed two full calendar quarters of production, Hurricane now plans to provide quarterly production reports going forward. Updates will be made in the first month of each calendar quarter. '

The firm was attracted to the region by the work of Hurricane Energy at its huge Lancaster field, last year hitting first oil and
Mr Szwedzicki said Hurricane had “ticked box after box” in overcoming uncertainty around the untested fractured basement plays in the region.

We have all seen the SP being played like a roulette wheel,imo there are a few dark horses out there who want the HUR licence for pennies?

Fred, 'They have no money. (Spark Exploration).'

Managing director Matt Szwedzicki said there has been “a lot of interest” since launching the process in July, supported by BMO Capital Markets, particularly from companies who have been closely watching the work of Hurricane, pioneers of the fractured basement play in the UK.
Spark Exploration targets deal on billion-barrel West of Shetland licences
He said: “We’re about as confident as we can be in terms of well location and everything else so we’re ready to move to that next step, which really is planning the drilling.

“To do that we want to get set up in the right partnership so the idea is we would find a partner and move on that reasonably quickly.

https://www.energyvoice.com/oilandgas/north-sea/217403/spark-exploration-targets-deal-on-billion-barrel-west-of-shetland-licences/

Spark Exploration is focused on progressing its highly attractive petroleum acreage along the Rona Ridge in the West of Shetland region on the UK Continental Shelf.

Or.......

https://sparkexploration.com/

Just get on with Lanc 8, increase production we dam well need it!, and take a risk! that's what we need to do IMHO.

https://www.insider.co.uk/news/hurricane-energy-step-up-oil-21441011

In other words there is no value being attributed to quantified reserves etc, until such a time that the new BOD's have defined what they are going to do to add value in 2020/21 and sop add to sentiment, plus the nagging question of Spirit.

Until such time that those factors are resolved, I can't see anything changing the SP other than the POO.

Boris, 'Given they have approx £130 in unrestricted cash Id like to think they are well positioned financially. '

But sadly, equates to the current share price atm, I reckon or is it just a coincidence?.

£130M /1,992M shares=0.065p ?

BBT --at,

Fox Trot Oscar!!!