Member Info for LONGWAIT

'Like others I bought a few more this week, I don't average down though, that's a mugs game, I bought because I believe in the company.'

Well, if you haven't been averaging down, then that's fantastic.

' the world is not telling us any detail, i.e. the people that have died, were these healthy young, or were they the elderly and infirm.'

I read last night a detailed report about deaths from the virus in Italy.
All of the people mentioned were in their 80s and some were already infirm.

You may have noticed, Ajax, that RG appears to have stopped selling.
His trademark 10,000 share sales - usually about three per day - no longer appear.

For the benefit of Comrieman:

'RE: Another 5k for ne
21 Jan 2020 16:00
Price: 27.22
'10k bought for me.'

(oilheadgame)

Wow
28 Jan 2020 15:38
Price: 21.72
just wow.
2 producing wells.
12million per calendar month.
and we are at 22p

wow

(oilheadgame)

RE: Manipulated
30 Jan 2020 14:11
Price: 22.14
mate day traders are all over this currently trying to catch bottom. people should invest for the long run in hur. I hope real investors buy the lot.

(oilheadgame)

I don't know whether the AM is rigged, but I am quite certain that AIM is rigged!

I think DSPP's ramblings may be related to an unfortunate and all-too-common mental disorder, characterized by a remarkable unwillingness to drop a subject or admit to being wrong.

You said, Double, something about DSPP not working for HUR and therefore not having access to information; DSPP put it even more strongly, suggesting that RT thinks he is talking nonsense - which he evidently is.

In spite of these facts, the fool (pun intended) simply will not shut up, though I notice that he doesn't dare appear here any more.

Doom is, however, not to be found everywhere.
On ADVFN, they seem to think a bottom is forming, with one poster commenting:
'There is lots of interest at this level as its very very undervalued and it will rocket one of these days I'm convinced of it. I thought the 20s was mega cheap'

I realise that I am running the risk of being accused of ramping, but when you consider that a rise of 117 percent would take the price back to the placing price in 2017, when the price of Brent was 15 percent lower than it is now, and that people who bought then didn't think that HUR at 32p was overvalued (or even 'probably' overvalued), it doesn't seem much of a ramp.

But then, in June 2017, people weren't worrying about water cuts, whether the daily production had really increased to 20 kbopd, whether the oil in Lancaster would last more than nine months, whether we would soon be flying to the tropics in jumbo battery-powered jumbos, or whether the entire world economy would collapse due to yet another Asian virus yet again promoted by the professional doomster dailies.
I am not optimistic long-term and would cite the fate of the dinosaurs as an example of what awaits any species, but I still think the HUR project will be successful long before our extinction even approaches, and we will ultimately be rewarded for our perseverance (although I wish I had waited another five years eight months before I started investing in HUR).

'Bad men need nothing more to compass their ends, than that good men should look on and do nothing.'

John Stuart Mill, Feb. 1st 1867

I agree with everything you wrote, Manyana, especially about my unforgivable pedantry!

If by 'float' you mean a fund raise, surely they will have to raise money before a deal is finalised, rather than after?

Without naming names, this whole phenomenon of people rubbishing HUR and JOG, accusing honest company directors of being crooks, dismissing the shares of well-run companies as worthless, ridiculing genuine investors as gullible idiots, and predicting disaster at every opportunity, seems to be a symptom of a sickness of our times.
You may have heard of the accusations made against certain MPs on social media, which led to criminal prosecutions.
There really does seem to be a widespread virus, dedicated to dragging good people and good companies down.

'Potentially a global recession could severely dampen the price of oil along with negative sentiment towards fossil fuels.'

On the other hand, oil share prices NOW are at rock-bottom and don't reflect prospects, but rather sentiment or trading.

We've had bull markets in oil and oil shares before; if the next ones coincide with real progress towards developing JOG's assets, then the SP could soar.

Presumably, if someone wants to accumulate shares, he sells by automated trading and buys by ordinary trading.

I remember there was discussion about this here a few years ago, possibly during a previous slump.

Does that explain then how the price is manipulated downwards?

I made it more than 44.44 p, Manyana - 45.76.
But if they issue 300 m shares at 2.75 p, that would raise £8.25 m.
How long would that last?
Until First Oil?
As we have discussed before, the real benefit would come from revenue, provided PVR can retain its interest.
Why sell a barrel for $1, when you could take a share of the profits instead?

'they estimate Wressle income in 2021 at £2.5 m which looks right to me.'

Doesn't sound at all like extinction in 2021 to me!

I don't think we are about to be diluted out of existence.

If Barryroe is developed, even people who bought a few years ago - including institutions at 25 p - should get a return.

New investors would obviously fare much better.

I don't know whether your last post was a mis-send, but I wasn't joking.
I'm reminded of what Double said about the water cut scare: people didn't understand the issue and were panicking about nothing.
One journalist described the GWA 3-drill campaign as a failure; it was not: one well flowed at 9,800 bopd.
Some people have described another well as a duster, even though it flowed oil.

I wasn't joking.

I'm not a member of the BOD.

I suggest you wait for the CMD.

'All you've heard is an aspiration that was knocked off track by GWA results...'

That's not true.
There has been a setback with being able to start production from LC, but the GWA results were good and didn't affect HUR's aspirations at all.
Reading your posts is rather like reading Jamie Ashcroft's article.

That's right.
I assume it will happen until and unless it is proven not to have happened, because RT and his colleagues know what they are doing and that's how they have been able to produce oil for nearly nine months and increase production too.
With all the prospects, they can find ways to increase production again.
Or do you think in 2022, we'll still be here with a SP of 15p and production of 12,500 bopd?