Member Info for johnpwh

That is true BlooBird, but it cant last. Oil isn't going anywhere (literally, but I mean in terms of demand) and so a bit of patience will pay off in that respect - demand has (apparently) not peaked, PoO will recover (it is already) and there will come a point where yields in 'big oil' shares like BP and Shell will look just plain silly if their SPs drop further in this low interest rate environment.

I would add that the ENQ SP of 26p is irrelevant. It could be over valued at 1p or under valued at £2. What matters is Market Cap, Revenue, cost, debt, usable tax losses, growth potential, political risk etc. SP means nothing as a comparative to another company, for instance the board could increase SP by a factor of 10 overnight by use of a 10:1 share consolidation.
Sadly because of the incessant, but gradual (usually!) drift downwards in HURs' SP there are various price points now likely to be hurdles on the way up. Could be a slow recovery sadly.

Give me strength. The censor doesn't like a slug with 'a' replacing the 'u'.

dollop
I don't get people like you. The only posts you appear to have ever made is to **** off HUR. What's the point, go get on with your life? No ones bothered.
On 2nd of Feb at 20.44 you said that's it I'm not posting any more. Do us a favour and keep your promise. Filtered. Kindly filter me too.

'When the price sails through the 70s'. What a happy thought, I'll think about that while I have my afternoon nap.

I agree with wellwell, the use of fossil fuels is causing climate change. But the worlds economy will be dependent on oil for many decades to come, we need it, it will be a valuable commodity (and hence good investment) for a generation or 2. The world would be totally chaotic if we try to accelerate its demise as an energy source. That is my rationale for investing in oil, both financially and morally.

Agree Captain. There is enough work to do on the companys current assets, plenty of call on the cash being generated, and a less than favourable time to be fund raising with the SP at a year low

Thanks Drillspark. Means you don't think I'm a low life deramping fearmongering mongol halfwit. I've met some people in life who thought I was!

I expect they'll have a go peter! As for discovering HUR in the 40s, so did many of us here! So sounds like I will occasionally be chatting to you and rest here for some time yet :)

yes JTD, I was unfaithful to HUR (more that even I couldn't justify trying to catch a falling knife anymore) and bought a few SOU shares at 2p and sold out at 2.8p a few days later for the very reason you mention - there didn't appear to be any reason for the sudden rise. Now down again to 2.3p. Came nowhere close to bridging my HUR paper losses (I haven't sold) but at least made me feel a bit more flush!

Burton, I think it has to stabilise before it can improve. Hopefully we are stabilising now which will be built on by an imminent off take then a positive CMD. The only worrying overhang for me is the Spirit situation - if they back out it will probably be interpreted negatively, if they stay with us but delay investment it will be interpreted negatively, if due to the OGA the LC well is P&A then...you guessed it....it will be interpreted negatively

oops typos. English is my first language honestly

Hi Dodger
I find myself split on the question. In a period of stability then a paucity of 'unnecessary' RNS' is not a problem. But when the dramatic plunge of the last 2+ months took place, with accompanying very negative rumours, is taking place then there has to come a point where reassurance is justified. I agree with your point about the board doing their day jobs, but a short release is not going to be too onerous to draft.

There will still need to be expenditure on GWA to maintain licences.
Things do seem to have hopefully stabilised, the daily falls seem to have abated. PoO also seems more stable, and possibly increasing, though bound to be still sensitive to news from China if only because traders will take advantage of news to exaggerate movements to line their pockets.
Knowing the company the way that we do we can take comfort in the lack of news - HUR have developed a reputation for not saying anything provided things are on plan - and that plan of 20000 boed was a good one. Unfortunately potential investors wo don't know the insular Dr T so well may interpret a lack of news more negatively and in the short term stay away

it was deos. This is a good company

Usually. You stated as fact

Why do you think it was a sell? The price was 15.63p which is likely to imply it was a buy I would have thought

Adds to the conspiracy theory. I got a series of quotes to buy first thing, and all of a sudden couldn't get one. Implied to me that the MMs had nothing to sell so wanted to stop buyers. Logically that should have raised the price to attract sellers. Next time I could get a buy quote it was down nearly half a pence. Seemed illogical

Tea leaves? I think a seance would be more apt!

None of us knows. I'll give a guess later after a couple of gins.