Member Info for mariog

excellent find. More licences to be issued this year in the NS region

SP holding very well today

this will lower the supply in Europe = higher oil prices

I take it as we have a chance for at least 1 bag from here is very vely likely applying the US calc.

WTI $106
Brent $110
over 2% up now

That means it is back to yesterday's morning level before the drop.

one thing can tellyou from my observations in the US. Mcap of the oil companies there is usually no lower than 10x annual cash from the sold oil, which if applied in the UK, would make HUR very undervalued

12p a few days ago was about right. 9p is undervalued for sure. Hard to understand why people ads selling while oil prices are still above 100

Fully recovered. We should see HUR back to 10s today

WTI $107 and Brent $111
1.3% up

WTI $106
Brent $110
Approx 1% up now.

I think we are close to 10-11p, perhaps last sells out before the move

if it lasts we will see 10p here tomorrow morning

hmm, Does Crystal Amber have any contacts to help with Hurricane's takeover?

Decision about that was made on the 3rd December 2021

Brent $120 !!!

Oil over 3% higher now. Careful with selling today, this can explode any time.

yes, hedging makes sense, however we do not know if EU won't limit buying of the RU oil. If yes, then oil price can be even higher than 130 imo

OT I remember myself being in the Nighthawk Energy.
Believe me or not but our wells have been producing $18m USD of oil annually and the company has been placed into administration due to debt of just $20m. The bank did not agree to extend the deadline. The Delaware court in the US approved a sale of all assets as a best way to pay the debt.
Believe me or not, the court said that $20m offer (which only one arrived as there was no advertisement of the assets sale) was in the best interest for the company, loan provider and of course buyer.
All producing wells, all docs, experienced people got transferred to a neighbour company and wells are operating to date.
Imagine buying a company that generates $20m annually for $20m. Pay the debts quickly and here you go. Annual interest 100%. Court approved, deal done, shareholders lost all, including myself. Shareholders did not even have a chance to appeal as it was brought to the banktupcy court.

Here we got extremely lucky having that court on HUR side.

I think lads best to visit some lawyer before it's too late

that would make sense