Member Info for LONGWAIT

I suppose, Blueclyde, you have something like this mind:

https://www.proactiveinvestors.co.uk/companies/news/204931/morgan-stanley-thinks-hurricane-energy-could-reward-investors-with-a-very-big-payoff-204931.html

Morgan Stanley base their valuation of 381p per share on 2.3 mmboe of contingent resources.

Some of us think HUR could have about 10 mmboe in total.

Thanks, Obmuj

Well, how does your quote sit with the image of RB painted by some posters, of a man who cannot wait to arrange an early, cheap sale of the company?

Remember, he predicted that it would one day be valued at £17 bn.

We'll be sorry to lose you, Double.

I was hoping you might be able to soldier on for another seven years, but it cannot be helped.

With a bit of luck, HUR will have been 'monetised' by then!

It looks as though, barring a stock market crash, the price has bottomed - maybe due to short covering?

Well, what do you know?

The SP made it to 60.

Maybe the poster who predicted 16 was using voice recognition software and it came out wrong.

Either way, he has never been heard of since.

Well done, but I've been predicting this for a long time - on the ground that the company is obviously worth far more than its market value.

I remember receiving the response, 'The share price is where it is.'

Well, now it is somewhere else.

Okay.

So, I and a few others here who think, given time, £10 per share is a possibility, are not completely crazy?

I remember when, shortly before the moratorium was lifted, the share price fell to 15.5 p (having been as high as 28 p months before) I was tempted to start buying, but I waited for the lifting and have been accumulating from 25 p downwards.

Now, the bid price is 15.5 p, in spite of the moratorium having been lifted!

What does that say?

https://www.marke****ch.com/story/why-oil-prices-will-never-return-to-100-a-barrel-in-one-chart-2017-02-22

https://www.reuters.com/article/oil-demand-idUSL8N12Z4ZJ20151105

Why I never allow expert opinion to interfere with my investment decisions:

https://www.marke****ch.com/story/why-oil-prices-will-never-return-to-100-a-barrel-in-one-chart-2017-02-22

... and, by the way, I'm sitting on close to a fifty percent loss.

Sorry about your bad timing, Ericnat, but as I said a while ago, one might as well wait for the results of the next drill before committing more funds.

If it's a failure, you can buy even cheaper and if it's a success then, knowing how perverse AIM is, it might still be possible to buy fairly cheaply.

I've seen some of the presentations by JP and other directors and I don't terribly like them (the presentations).

They seem to be intended to generate excitement rather than confidence.

Nevertheless, posters were saying similar things about TOR at PVR - he was dismissed as a liar, con-man and fraudster - and it turns out that he was telling the truth all along.

You mention Diabolo.

What's more important is that Barryroe is now considered to hold much more oil than thought at the time those valuations were made.

Welcome, looking on.

Yes, that's when I first bought PVR shares - at 140 p in June 2014.

I knew when they fell to 100 that something could be wrong and I ought to get out, but waited patiently for the farmout until, at about 80 p, I bailed out.

Those valuations should, I suppose, be divided by ten to take account of the additional share capital.

They were based entirely, or almost entirely, on Barryroe.

As you point out, Avalon, Newgrange and South Dunquin are now prospects too.

Welcome, looking on.

Yes, that's when I first bought PVR shares - at 140 p in June 2014.

I knew when they fell to 100 that something could be wrong and I ought to get out, but waited patiently for the farmout until, at about 80 p, I bailed out.

Those valuations should, I sup, be divided by ten to take account of the addition share capital.

They were based entirely, or almost entirely, on Barryroe.

As you point out, Avalon, Newgrange and South Dunquin are now prospects too.

If I had topped up to the extent I had intended, I would now be that much closer to recovering my losses of four years ago.

Careful about Europa!

I know PVR well by now and it's been clear for many months that it bottomed out.

Well, wellwell, I bought some more at 13 p, but got cold feet about buying as much as I had intended.

I was surprised a year or two ago when someone on the HUR bb said there is no comparison.

I think they are both bargains.

The SP was touching 20 on hopes that Druid/Drombeg contained oil, and when the oil price was much lower, yet when a plan to develop an oil field is confirmed, and the oil price is much higher, it struggles to break 20?

'If this thing even makes it close to a quid, by that time my holding will be only about 20% of what it is now.'

Mine will be 100 %.