Member Info for Kamakiriad

You obviously don’t know very many government employees. They are never responsible for their mistakes, they never lose their jobs, they never lose their non-contributory pensions, they at worst are moved sideways into another position with the same pay grade, would that happen to anyone in the commercial world? I sincerely doubt it.

We will definitely need something to counteract this news. Having said that it is extremely unusual and rare for a government body to take a private company to court. Knowing how civil servants work in the main, they are very inefficient and will have made huge mistakes which any good barrister will embarrass them with. Hence why it won’t get to court.

Some people will get in at a very good price today, and if there is a resolution at some point, along with compensation, a lot of money will be made.

FFS

We should be able to make some sense of the situation by then.

I don’t think any company is obliged to give any forward plans. They have to give detailed profit and loss figures for the financial year and that’s about all they are legally bound to do.

I think with the announcement of the next turbine being installed, there should be another little jump upwards. After all it does mean increased income.

I’m with you there. Still potential for 11-14p in a fairly short space of time

Some bondholders don’t like to accept the offer of early payment. So far HUR have cleared/paid bond holders who have been open to early settlement, the cash is available to pay the remainder.

Just glad to see that the rise has maintained so far.

Agreed, but I’m glad the share price remains buoyant on the anticipation and hasn’t receded (yet)

Oops I forgot to mention, the comment about well 7 not being operational, which of course we know about. I wonder if it had been mentioned because they are going to uncap it and resume pumping now that oil is a healthy price once more?

Also another uplift and cash due at the end of May to add to the wealth situation. $106 million at the bank, another uplift do you say $50 million, less some operational costs and reserves and you can easily say goodbye to the outstanding debt of $78 million and have good operational cash in the bank.

I totally agree Mariog, Furthermore we are now in a position where we can accumulate cash to further explore and/or reopen well no. 7 now it is financially viable to do so p.o.oil being what it is.

Share price responding to forthcoming good news, I think I said a few weeks ago buy in before they go over 2p. I will say the same about 3p as this share will surely be a multi bagger, I feel a return to 11 to 14p could well be on the cards within the year.

Shivest, like myself you’re keen but let’s not get ahead of ourselves here. We can’t be certain any steps have been taken to install the turbine. The RNS said May.

I think the lack of news over quite a protracted period made the share stagnant. The stagnation has rather come to an end now and I think new investors are looking at this with renewed interest.

I see we have a little tree shake going on, unexpected but not unusual.

I think we just hit a six-month high at least.

I am extremely pleased with today’s RNS. Considering the Pap we were fed 18 months – one year ago, all doom and gloom… now we can see forward with a continued fruitful amount of barrels of oil per day. Furthermore, I think the board have been very light on the estimates of future prices of oil over the next 3 years.
The situation with Russia will be ongoing for years, whether they are at war or not world leaders will want to break the Country financially in order to neuter the war machine.
There is a very bright future for HUR and this is still early days for new investors to get on board, you haven’t missed the boat yet.