Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Expecting another RNS on Monday or Tuesday. Then another RNS about The PLAN.
if approved then HUR will only benefit!
"Why are we not pushing to return £350 million to shareholders" - HOW ?
It is argumentative because long term investors are again in a loss and expected profits to grow at this time when is so close to end of the bonds saga. From other side we have a group that is trying to get in cheap as they know the value is great and Hurricane will do a bag from this level by end of this year.
bonds will be repaid in exactly 15 working days
All I can say if this company was listed in the US then we would be at 30p today
that confirms links with Harbour Energy (ex Premier Oil)
That resolution is every year there. Must be a peyment for something.
RSI even lower now. Probably around 25
We are close to a spike up imo. Keep your hats on next week.
Low divi yes. High divi no. Special divi no. Special divi will not benefit old long term holders but only those who are buying it now when is cheap.
correct. Patience needed. One more week.
RNS about that should be out around end of next week.
"The Company, which is listed on the Alternative Investment Market (“AIM”), was incorporated in September 2004 as part of a group of companies whose business is extracting oil stored within fractures in solid rock beneath the sea, known as fractured basement reservoirs. It is the parent company of Hurricane Holdings Limited, which in turn is the intermediate holding company for two subsidiaries: Hurricane GLA Limited (“GLA”) and Hurricane GWA Limited (“GWA”). These hold the following licences from the Oil and Gas Authority (“OGA”), of which the Company is the operator, covering an area to the west of Shetland:
P1368 comprising two areas, Lancaster and Lincoln. Lancaster is owned by GLA, and Lincoln is owned by a joint venture between GWA and Spirit Energy Resources Limited (“Spirit Energy”). The term of this licence expires in December 2024.
P2294, compromising the Warwick area, owned by GWA. The term of this licence expires in August 2023.
P2308, comprising the Halifax area, owned by GLA. The term of this licence expires in November 2024."
It would make sense to explore Halifax and Lancaster asap. One to minimise windfall tax. Other to get some cash from oil before both licences expire.
Watch this space.
and how big is that remaining acreage?
I am sure there is a few companies that can see Hurricane tax losses attractive to them, not only Harbour.
Agree. Good decision
"Oil prices extend gains after EU bans most Russia oil imports"
https://uk.investing.com/news/commodities-news/oil-prices-rise-after-eu-bans-most-russian-oil-imports-2659169