Member Info for mariog

Not any longer :) but give it a bit more time and should see Ask and Bid above 10

Today

And share price goes Unexpectedly lower

If oil prices really move to $120-150 as some experts suggest, then UK gov will be pushing for new oil projects to go live as soon as possible. Then our net money can be used towards some new JV and drilling campaign.

Would be good to start storing gas, not burning it

I know it sounds a lot, but this is given per his contract.
To add, different sector, different country, but salaries even higher... Check biotech US companies you will see CEOs earning 500k pa and their companies at clinical stages not generating a single dollar.

How would you spend $50m if you were in charge?

I would buy producing wells from the oiler that is going under. Kind of like the buyer of Nighthawk Energy did back in time. Just look for a company that is struggling to repay debts or declared banktupcy, offer them say 20m and have that 20m back in a year time from the operational wells. Seller saved and buyer delighted.

Tullow has hedges around $50-70, so for them oild prices are not so relevant for now

naah, that wasn't my thread.

Almost weekend and price of oil is increasing. Should be good next week here.

End of next week will be checking for Petroatlantic leaving the port again :-))

Was it regarding North Sea, BP and Equinor?

sounds good for the UK oil

Considering we had more debt that time, I think with those oil prices and general sentiment in the North Sea should see today sp at 12p minimum

WTI almost $110, Brent heading to $113.
Last time when WTI was close to 110 we saw HUR over 11p

"my view on current fair value is circa 30p. but i am by nature optimist. given all and everything, if CA delay exit till dec 22 and beyond, i do not see 40p as impossible"

I agree with you. Even 40 is possible here if all things will go together. However I would not say no to 20p offer tomorrow.

Volume very thin so think twice before selling. Potential is great for the North Sea oilers.

Same here. I believe that even CA would be okay with such an outcome. Hope the bid is to arrive soon.

full value would be today 10p plus future oil and 16p from tax, which would put us around 30p mark for an offer.

20p would be accepted and I would be happy too considering this is like one bag from here. Win win for a buyer and us.

20-25p. Half p's from the tax, other half covered by oil from P6

The most important finding in the last days.

https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html
"The talks fell through, but interest remains in Scottish oil assets. Both BP and Equinor declined to comment on whether Hurricane was in their cross hairs. "

My hopes are that with the increased interest around the West of Shetland area and North Sea oil, this can be still on the cards.

End of 2018 were totally different times. Now oil proces should be strong and shift towards North Sea is visible.

Hur has some future in the UK oil industry imo. Big chance for a new licence ot a takeover. Probably the second more likely now.