Member Info for LONGWAIT

You mean you have more than 3.5 million shares, ps?
You must be very confident that the deal will go ahead and that the share price will rise on the news.
I do think that of the deal goes ahead, they will find gas and people who have been averaging down will eventually get a reasonable return.
Although I expect the deal to go ahead, it seems less risky to buy afterwards - even at a higher price.

'Its a suckers game. You hold out long term here and get whooped and the ones you suppose to trade suddenly go really high and never fall back rre/serica etc.'
I take your point, but there's no such thing as never.
HUR - according to some - will 'never' get back to 60p, but it may one day soar when SQZ or RRE could be crashing.
How many predicted TLW's collapse?
As someone asked about CA's holding, I checked major shareholders at
https://www.marketscreener.com/HURRICANE-ENERGY-PLC-15724803/company/
and they hold a cumulative total of 47.6 percent of HUR's shares.
They can't all be party to whatever manipulation is going on.

'Longwait, those earnings ratios look ridiculously low. It is like we are being priced for just a couple of years production in some dodgy jurisdiction. Something just does not add up here.'

That's one measure of just how cheap these shares are.

Someone here - I can never remember who - gently recommended SQZ at 23p, when it was on a P/E ratio of 2.
It's now 128p.

HUR is on a prospective P/E ratio of two, falling to one in 2022, yet people are talking about the share price halving again.

What effect would those negotiations have on those figures?

'and as we're on AIM and not the main market this is not having the best effect on the SP at the moment...'

So you wouldn't agree with the poster who opined that a move to the main market wouldn't make a 'jot' of difference?

'About ten days ago I contacted their comma team and was surprised to receive a reply but only stating that the company does not respond to share price movements nor speculation'

And for those ten days, you haven't been able to sleep even though THERE HASN'T been a horrifying RNS?

Somehow, DSPP isn't suffering from insomnia even though he has proven to the satisfaction of myriads of small investors that HUR has an insurmountable water problem, without however selling a single one of his own HUR shares while the market carnage has been taking place.
I suggest that Lemon Fool issue an RNS explaining why DSPP hasn't sold any HUR shares, and BP release an RNS explaining why they are squandering shareholders' cash on water barrels.

People are nervous there because of psychic contagion, spread by DSPP of Lemon Fool.
The lower the price goes, the more convinced they become that there is a water problem.
According to the management, there is no problem, production is being hiked by 50 percent this month, and revenues are unaffected by any such imagined problem.
In the meantime, while myriads of small investors have thrown in the towel, DSPP hasn't sold a single one of his HUR shares.

'If there is an issue here then what are the tankers taking away each month?'

Obviously - according to those who believe the rumours - water.
The thing that fascinates me is the way the sceptics somehow manage to mention everything except HUR's revenues - presumably because it's the one hard fact that proves the rumour-mongers wrong.
We've had a poster today saying that the one hard fact we have is the share price fall.
He didn't mention the loads of barrels being sold to BP and then sold onto unsuspecting motorists who then try to drive their cars on water.
It seems that a mass delusion has taken hold.
Of course, there could be a terrible RNS tomorrow morning, but we were told by sceptics that FB doesn't work, that HUR would never be a producer, that HUR would never be able to raise cash for an EPS, that First Oil would never happen, that it wouldn't last six months.
The BOD have said that production will be increased by about 50 percent this month, yet people are talking as though the company is in serious trouble.
When is this madness going to stop?

You rated the shares a 'bargain' but after they have fallen by 45 percent and production has been increased by about 50 percent, you rate them only a 'hold,' until the BOD have issued a 'clarification.'

They already have!

I note, Andy, that on 5 October you described HUR as a 'bargain share.'

The price was 40.58p then.

With production being increased by about 50 percent, starting this month, and the share price having fallen by 45 percent in the meantime, how would you rate them now?

Thanks, S7ein.
We'll let the experts know that their valuations of HUR at 100p + per share are out by a factor of 5+.
We've seen their detailed calculations - and their valuations are conservative.
I think your post is complete nonsense.

In answer to your question, John: I'm not concerned about LC.
I don't think anything is going to go wrong with HUR as a company.
Posters have been trying for years to think of things that could go wrong, but it still hasn't happened - because RT did his homework before even starting this project.
The only thing wrong with HUR is its investors - and I don't mean all of them.
The sooner the BOD announces a plan for a full listing, the better.

You know, thiops, we had posters warning HUR wouldn't get to First Oil; then posters warned the oil wouldn't last six months; then we had DSPP convincing investors that HUR is selling barrels of water to BP.
We have also had posters claiming that Warwick West was a duster.
The earth could be hit by a meteorite and that could be the end of LSE.
There are still posters who claim that FB doesn't work.
Over on UKOG, posters were saying just weeks ago that HUR is going into receivership.
Output is going up - not down!

'It’s last couple of dusters will have dented confidence and market sentiment.'

I think you're wrong.
WW wasn't a duster and one of the three drills was a resounding success:

Hurricane Energy 'delighted' with test results from Lincoln Crestal well
Oil and gas explorer Hurricane Energy was "delighted" to reveal that it had recorded a maximum stable flowrate of 9,800 barrels of oil per day during testing at its Lincoln Crestal well, off the west coast of the Shetland Islands.
Chief executive Dr Robert Trice said: "We are delighted with the results of the Lincoln Crestal well. We have confirmed the presence of light oil which can be produced at commercial rates.

"This successful result brings us closer to monetising this huge resource."

As of 1130 BST, Hurricane shares had climbed 8.54% to 49.17p.

https://www.sharecast.com/news/aim-bulletin/hurricane-energy-delighted-with-test-results-from-lincoln-crestal-well--7013415.html

' on 26 November 2018 that on the same date Steven McTiernan, Chairman of the Company, acquired 375,000 ordinary shares of 0.1p each in the Company at a price of 40.61393 pence per share.'
(malrees)

I recall RB's Crystal Amber fund topping up in the 50s a couple of years ago because he thought the shares were cheap.

I think we could be getting close to the point at which someone or some fund buys a large chunk.

If small investors are still dumping their shares in the teens, then they would have to be convinced the company is going bust.

Looking at today's trades, I notice that the buys are usually for round numbers of shares and the sells for odd numbers of shares, which suggests to me that small private investors are throwing in the towel.
I suppose if we knew how many more of them are going to give up, we would have an idea of where the bottom is.

It looks like a mass hysteria, with many people convinced that HUR is selling vast quantities of water to BP, that the HUR BOD is hiding this 'fact,' and that the fact that there has not been an RNS denying it means it must be true.

Some posters are asking how HUR will be able to finance a FFD.
That's a nice problem to have.
If HUR just let the cash roll in, with 40k bopd from 2022, she will have accumulated earnings per share approaching 200p by about 2030.

Eventually, this madness will end.

There is nothing wrong with the company, but much wrong with its investors.

(I note that SDX have released an excellent RNS today and its share price has risen by less than one percent in response.)

Someone bought 250,000 shares, apparently at 4p each, at lunchtime today.

Can you explain what you mean by a P/E ratio of 2?

I thought it's just under 9.

I'm assuming your remark about the adventure being over and HUR being worthless is a joke, John.
The share price is down about 63 percent SINCE the company STARTED producing oil.
Some posters are trying to figure out what the company has done wrong and what RT should or shouldn't have said.
Maybe HUR's biggest mistake was becoming a producer and becoming self-sufficient, with a steady income.
The share price is still being manipulated and I am still planning to buy more shares, although I am suffering along with all other LTHs.
I don't see this madness going on forever.
Anyone who thinks markets are rational should consider the fact that Vincent Van Gogh could sell only one of his more than 900 paintings during his lifetime.
What did he do wrong?

I have today noted with incredulity that JOG's resources are valued by AIM at £0.20 per barrel, but I have just calculated that PVR's 80 percent share of 346 mmboe is valued at less than £0.07!

If it turns out that there are a billion barrels in Barryroe, including the lower levels, that would equate to £0.024.

No wonder PVR's major shareholders haven't given up yet!