Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
..up $2 from yesterday's close so should make a positive on the SP. Atb Rich
Used to be 45 but now about 35 gals.
Quite incredible that we have retraced 15% since yesterdays open on such groundbreaking news. Isn't that what the market has been waiting for? Crazy imo and anyone getting in now at this level is very lucky. I'm personally down about £50k from yesterday's highs..but hey I'm still ahead of my average price so what's the problem. Sob! Seems recently that any good news meets with a downtrend. That has to turn around very soon. Good luck all! Rich
..back to the Seychelles for the winter! Lol
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to provide an operational update in relation to the Early Production System development of the Lancaster field.
On 4 June 2019, the Aoka Mizu FPSO's start-up phase completed with a 72-hour production test ("First Oil"). The combined flow from both wells during this test period reached and maintained the planned production rate of 20,000 barrels of oil per day ("bopd"). This marks the contractual provisional acceptance of the Aoka Mizu FPSO by Hurricane.
The Company anticipates a gradual ramp-up in facilities availability over the first six months of production towards long term operating efficiency of 85%. The Company restates existing guidance for facilities availability of three months at 45% and then a further three months at 65%, resulting in average production rates of 9,000 bopd and 13,000 bopd, respectively.
Dr Robert Trice, Chief Executive of Hurricane, commented:
"I am delighted to announce that First Oil has been achieved and that the Lancaster field is now on production, beginning the phased development of Hurricane's considerable resources on the Rona Ridge.
"Lancaster is the UK's first producing fractured basement field and the fact that Hurricane has delivered this industry milestone on time and within budget is an incredible achievement. I would like to thank the staff of Hurricane, our Tier 1 contractors, and our shareholders for having the vision to make Lancaster happen.
"We have successfully achieved our start-up data acquisition objectives and commenced the evaluation of this material. Up to 12 months of stable production will be required in order to provide a clear view of the reservoir and enable us to plan for associated full field development scenarios."
The Company will be holding a Capital Markets Day in July to discuss the results of preliminary analysis following start-up.
As someone who is balls deep here I certainly hope you are correct! Atb all!
Expected to have an RNS by now with update on flows etc., so a bit disappointing. Cannot believe that there will now be anything before the AGM..running out of time..as an RNS has to be issued when significant facts are known, not saved for AGM's. Going to be interesting how they put a positive slant on things. Still confident however and can't be long to wait now. Atb Rich
...And why would that be?
..all washed and pressed for Monday morning. Reason being, I firmly believe there will be an announcement before the AGM, and Monday would seem the opportune time. In any event, even if we do hear nothing Monday and they are keeping the powder dry for Wednesday, so long as the poo stays around its present cost, I am sure investors will be piling in..with resultant rising SP. Well that's what I've planned for anyway!..Atb Rich
Sipp: When the SP hit 49p I followed my own advice and sold around 200k in chunks..which as it transpired was not the best advice. :( Nothing new there! :) I have since bought back 180k, including this last buy, which takes me back to around 500k. I am more confident now than I was a couple of weeks ago, and see today's action and broker / analyst comments quite reassuring. Very confident! Atb Rich
So grabbed another 60k on the bell at 60.8435p! Bring on that RNS! Atb Rich
..The guys in suits are having their snack! Normal service will resume shortly! Atb Rich
..Cat bag out the is! Atb Rich
Wonder if tomorrow we will buck the recent trend of dropping the SP after opening higher..wouldn't bet on it!
Steps: All good my old mate! Patiently holding with occasional top ups. Hoping for good news soon. Atb Rich
..so another 45k for me @ 56.053p. News, hopefully very positive, gotta be coming soon! Atb Rich
..washed and pressed for Tuesday morning! Have a great weekend! Atb Rich
"probably there will be a re-vote and the people will say stay, ". Your political naivety is clear mate. You should stay clear of political commenting.
Sipp: Yes, I also expected a bit of profit taking yesterday which did not happen..and seems to have happened this morning. Also aware that the crude price is on a bit of a retrace. However, I will be very surprised if we do not bounce back from this early drop (almost 5% atm) which imo is a bit overdone. Atb Rich
..so grabbed another 30k @ 56.7636p. Atb