The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Over 35p for close would be amazing so fingers crossed. I think we will get over the required 7mtpa torps as there is still India, Brazil, and Europe deals to be concluded
Where are you getting 7mtpa after 6 years Lauren? My understanding is 7mtpa year 1, 10mtpa year 2, progressing to 20mtpa over 3 years...
Is going to be some party. I'm aiming for 100p on first production
Did you see the SXX reply to a PI on Twitter? They stated 100% debt would be the case for stage 2. Obviously plans can change but SXX aren't a typical aim jam tomorrow company and I don't believe they would make such a promise that won't be kept. Great news today, not much contracts left now.
Good post Stockdale. As you say we have to wait for the outcome of SR, which would most likely be boosted by the issue of said permits. Despite what many say there is no reason to believe the SR is not going well. I look at companies with similar gas reserves, more debt and no production with larger market caps. If I did not believe in this project and asset I would have sold out long ago. Some evidently don't believe in it but instead of selling they opt for post after post of slandering the company and bod. I would love my investment to show healthy profits like anyone else. But it's not, so the options are be patient or sell up. Despite what some people say about the SR timescale I know for a fact these things take a long time to negotiate.
Good post. No point fretting over what may be. It is a very exciting time at the moment for HUR as we approach first oil with the EPS. Still a strong buy for me at this levels as the company enters a transformational period. All we have to go off in terms of what will happen in the future is statements of the BOD. That can change any time for any number of reasons but so far everything is looking very optimistic here.
I seem to remember watching a Malcy interview it was stated the HUR bod were not interested in selling the company or being taken over, but they did want to "monetise assets" maybe once Lancaster is prove to flow problem free (touch wood) a major will be interested in buying one of the other fields, or buying a share. It will be interesting to see how this one plays out. We're getting close now for sure. As a friend mentioned to me today they have had an unbelievably good run of weather lately off at Lancaster.