Member Info for LONGWAIT

40,000 bpd:

https://www.youtube.com/watch?v=CUuS-PT2qbg&app=desktop

17:45 - 18:05

'Several institutional investors have bought in at 50p and above. '

Can you please identify those investors?

I can't find any details online.

Even without further production, the EPS should produce enough cumulative revenue to equal the current market capitalisation in about three years.

The share price makes no sense.

As I understand it, Dr Trice is talking of a target production of half a billion barrels.

He is also planning to increase EPS production from 20,000 bpd to 40,000, as well as start producing gas.

Aren't you at all nervous about PVR's share price falling to within 3p of its all time low?

LOGP's future is even more dependent on Barryroe than is PVR's.

Contingency payments obviously may not be to everyone's liking, but I can see advantages to both SOU shareholders and a prospective buyer.

They would mean that we could still profit from successful drills and the buyer wouldn't have to pay - and risk - so much cash upfront.

Are you referring, Pontcanna, to the fact that shareholderd originally thought that as 1 TCF must be worth 150p per share, TE-5 must be worth more than 50p per share?

I do remember questioning whether this was true, because the share price was by then sub-50p, and one poster was insistent that we were below our NAV.

To think that it was based on wrong mathematics.

Thanks, Corral.

So, RBC reckon the failed well is worth three percent of the value of HUR, and AIM decide it's worth 33 percent.

Sounds about right.

Has everyone considered this fact: the income from the EPS, which should increase substantially next year, will within a few years produce income equivalent to the current market capitalisation.

That is quite apart from other prospects.

'I expect the non-payment to continue ...' (Mamms)

You mean that another extension will be agreed, that APEC will default and just expect PVR to put up with further delays, or APEC will pull out of the deal altogether?

Could you explain exactly how a move to the LSE would prevent shorters and MMs from messing us up?

Is it that MMs on LSE behave differently?

As some posters may recall, I used to regret that I had 'missed' the chance to buy more at 147p, having bought all the way from 215p down to 170p.

Now I am regretting not buying at 57p, having bought at 84p and (to my regret, lesser amounts) at 75p and 68.5p.

On AIM, it pays to be patient to wait before starting to buy.

Some posters have in the past made the point that during the past five years, there has been a large increase in the number of shares in issue, which has to be taken into account when considering the share price performance.

Nevertheless, historically, share prices of successful, growing companies have taken such increases in their stride.

HUR is now at the same level as when I started buying five years ago: my first two purchases were at 40p and 46p.

At that time, First Oil was still a dream and most people said it would not happen.

It has happened, yet the share price has not even increased.

It seems many investors are giving up.
At PVR and FOG they are convinced that regulatory approval will not be granted and at JOG many gave up before the recent rally.
At PMO, I see posts regularly asserting that it is a trader's share and will never make new highs - the same as HUR.

I don't think Malcy needs to revise his 100 p prediction for HUR.
Berenbert has kept its target price on Hurricane share at 100.0p
https://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/berenberg-stays-at-buy-on-hurricane-energy-after-warwick-deep
You may be right that Tendrara is 'worth' 100p per share to SOU, but SOU may not receive an offer as high as what she is worth.
I agree with you that any bidder is not bidding just for a big area without having any idea of what it contains.
In addition to TE-5-6-7, there are the seismic data and possible further drilling targets.
I don't see how anyone could make a bid of less than 30p per share and expect to be taken seriously.
I think if a bid is received, shareholders will be pleasantly surprised by the size of it.
The thing I am unsure of is whether a bid will be received.

'Warwick Deep turned out to be a pair of Jacks. Always an untrustworthy hand.'

You know more about Poker than I, Double, but a pair of Jack's would be fine in Blackjack.

You could stand or even split them and hope for a pair of Aces.

(Off the top of my head, as I haven't played it for about 20 years).

Thank you, Miss Dosh

"Berenbert kept its target price on Hurricane share at 100.0p"

Apparently, Berenbert aren't about to recommend we sell up and put everything into Vingt-et-un (translated for our Francophile friends).

Just read your post, Manyana.

Are you suggesting that PVR could still develop Barryroe without APEC's collaboration?

Good for you, Ajax.

I was going to buy at 57 and even 61, but was too slow.

Unless there is bad news, I don't think we will see 57 again.

Good for you, Ajax.

I was going to buy at 57 and even 61, but was too slow.

Unless there isn't bad news, I don't think we will see 57 again.