Member Info for LONGWAIT

' pounds per share ' takes us back to the question of what 1 TCF is worth.

According to JJ's estimates, as quoted here, the mid-case would be worth 92 per share, i.e. 35 p per TCF.

In the event SOU hit the jackpot and find 5 TCF, that would be worth 178 p.

Failure would yield a value of 0 p.

You won't regret buying HUR, Scaramanga

To fall from 146 back to 19 would be almost unprecedented, Sauerkraut.

Since bottoming at 19, there has been one piece of good news after another.

Even if oil returned to $26, it would not justify a share price that low.

I, too, would like to see Schlumberger continue looking, even if the next two drills fail, JC, but the problem is that JP said the LE would follow TE-11, regardless of the results.

As I pointed out before, JP said repeatedly that most of the value at the LE would come from seismic readings.

He was, as I recall, backed up by another director.

It was certainly best forgotten

Let's say you're right, Fatty.

Does that mean Schlumberger is equally incompetent?

It shows that Divers' estimate of a takeover bid of between 500 p and 1000 p is not far-fetched.

Until very recently, when JJ provided new guidance, any poster - and I was among them - who dared to question what the shares were really worth, was immediately corrected with the assertion that the gas already discovered was worth more than the company's market valuation.

It was not true.

It may now be true, but only because the share price has collapsed.

Well, Jim, are CA at the limit of what they will permit themselves to hold of HUR shares, or have they gone well below it?

I can't see Crystal Amber accepting a bid of £2 per share, which would value HUR at somewhere above £4 bn, when Richard Bernstein reckoned it could be worth £17 bn.

I'm only £5000 down - but that represents 80 per cent of my investment.

I might be prepared to average down, provided there is some good news.

I was very close to averaging down at 40, but held back at 30 and 20.

As I said when the price was about 30, I would rather pay a premium after good news than gamble on good news coming.

I can honestly say, Ray, that I never fell for JP's ramping.

It was only after investing that I viewed one of his performances and was very unimpressed.

Unfortunately, I remained invested.

Thanks for the compliment, Apache, but my comment stands.

Of course, 0.377 TCF must be worth more than that, but its value has been halved and now people are talking about debt, too.

What is needed is some good news - not hype - to restore confidence.

I see someone bought 100,000 today.

Thanks for your support, guys!

It looks as though the share price will reach 10 p even before the next drill result.

If it fails, maybe 5p is the next stop.

It reflects a total loss of confidence in the SOU management.

Well, Mer 11, that French report mentions the 0.377 TCF which, according to latest estimates, is worth about 25 p per share, about half of what had previously been believed.

Not very re-assuring if, like me, you have an average in the 60s.

I'm surprised that no-one else bought any shares yesterday and no-one replied to my post.

Maybe the company is almost unknown and absurdly under-valued.

I think you're missing the point, Silkster.

Shareholders were told they would make money even if they bought at close to the all - time. - high.

They were told it could be a five or ten bagger.

They were told Tendrara alone could be worth 1000 p per share and three different assets pounds per share each.

I've investments in seven other AIM oil companies and n9ne of them has promoted themselves in such ways.