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Lots of oil companies with large debt will be very vulnerable unless there is a marked rise in the POO. HUR are not in that position and with cash in the bank could they make an opportunistic approach here to secure extra income at incredibly cheap prices.

As John Greenwood says it will all blow over and in a few months we might wonder what all the fuss was about.
In the meantime il faut cultiver notre jardin

For anyone interested in the wider economic impact of the virus I suggest you read John Greenwood ,Chief Economist of Invesco.I have followed him for many years and he rarely gets it wrong.

Go In Invesco Perpetual UK and choose Views and Insights.
It should cheer you up

I must disagree.However laissez-faire the BOD ,there is no way that any rational analyst or investor could possibly justify the current share price on the available information,or any shre price below 30p in my view.BOD have said they will issue RNS if their current guidance needs amendment and have not done so.Thus the various projections by Edison and Ardern must have some credibility.In all my years of investing I have never come across such a bizarre dislocation between earnings and share price.The only possible reason my non oiler brain can think of is that OGA may not allow HUR to continue EPS without full field development and no one is willing to support them for funding.Views anyone ?

Well IVAp,Brilliant of you to foresee the Corona virus pandemic and the SA/Russia oil spat.Wish you had told us that as well

Maybe to invest in HUR before CMD ?

How is it possible for the quoted price to fall when there are twice as many purchases as sales? Are the figures wrong ? This has happened frequently over the past month and it would be interesting to see the stats over that period and compare with the share price fall.Are these available anywhere ? Could this be evidence of illegality somehow ?

The recipe is to buy more,and if HUR fulfils all our hopes then todays weak price is all for the best in this best of possible worlds

It seems very odd to me that a fall in the price of oil causes mayhem for world economies .Just what we need with the virus panicking us into inaction

Yuri,this isn't the first day and the main causes here are temporary problems.virus panic and oil price shenanigans.A lower oil price will support recovery in production in China and elsewhere

You have been investing in the wrong shares or funds then BG Global Discovery has gone up 450% over the last 20 years beating its sector average ,UT Global,which has gone up 100%
If you have time for research use an adviser who does !!

I agree and it might deter the shorters and manipulators

CA have suggested a share buy back .Might work

HL post a closing price down 2.34%.

There is a discrepancy for HUR too

Who is right ?

WE are in here for the cash generation of Lancaster oil and future prospects.The CEO is of limited importance,this is not a business where financial chicanery is of much use

agreed

Yes I agree that many things have not yet changed and we are trying to agree a trade deal,but we have left the EU.There is no other way to leave except LEGALLY !! Get a life and move on

Well well.You are the only person left in the world who thinks we haven’t left the EU.Why do you persist in this delusion .?

We have different views as to what is out obviously .However we are legally out of the EU,we are no longer members of the EU,we have no MEP's .WE ARE OUT OF THE EU

Well well,You are on a different planet to everyone,even Lord Heseltine has accepted Brexit.Whatever the economic consequences may be,the majority decision had to be implemented .That is democracy.