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Bartle there is a Hurricane arriving and the shares are about to be swept up - see you on the other side.

Buy confirmed on the charts now too......

Moving up nicely.....perhaps some positive whispers floating round pre-agm - who knows? Could we see a massive move - personally I think we will. Oil $5 better than last week and that's circa $70,000 more daily revenue for Hur. Market cap is less than cash balance.

Bagged another 50k at 6.85

11am

Mithaq Capital you mean.
I know the business well, I m just pointing out what others may miss, as it is in basket of stocks. In the event of drop don't panic that's all. There is a gap around 115/16 that it should fill.

Not long to go expect a nice gap up and steady run of buying.

Oh cash in bank $150m - people forget that bit too

The herd don't read they just jump in and follow the money - saw it with RKH yesterday, today could well be our turn. I just laugh seeing this under 10p and to be fair with an appreciating oil price this could have a run a lot higher.

Like I pointed out yesterday we now have an RNS confirming Kabouter Management have reduced from 6.73% to 5.91%.

Looking at the selling volume from yesterday it appears they were unloading again, so just be mindful of this as the MMs drop the bid today.

There is also news on the quarantine front for travellers, so expect all the aviation stocks to take a bit of a hit today.

We have said that all week, so lets not mention where it should be and it probably will get there. I mentioned my thoughts on where this should be, but perhaps being linked to this thread is more apt. AGM today at 11am and with Brent now fighting at $40.4 it will be interesting here.

My summary:

Expect all the oilies to open up really strongly as the 40 barrier has been broken on Brent.
Hurricane’s low operating costs of $17/bbl and its cash balance sitting at $152m on 1 April 2020, you can see why a number of investors would be drawn here. With Brent now above $40 some producers may be thinking to perhaps lock in some hedges too.

I believe production from well 205/21-6 will be incrementally ramped up to above 12,200, which was being achieved in April 2020, so the material impact of having 205/21a-7z offline at the moment is 20-25%. Expecting a big re-rate on the way.

Expect all the oilies to open up really strongly as the 40 barrier has been broken on Brent.
Hurricane’s low operating costs of $17/bbl and its cash balance sitting at $152m on 1 April 2020, you can see why a number of investors would be drawn here. With Brent now above $40 some producers may be thinking to perhaps lock in some hedges too.
I believe production from well 205/21-6 should be ramped incrementally ramped up to above 12,200, which was being achieved in April 2020, so the material impact of having 205/21a-7z offline at the moment is 20-25%. Expecting a big re-rate on the way.

Well news with the meeting with Avion and FDA imminent and commercial interest outside of the US. I have been adding when possible.

Three 1m buys just gone through at 6.9p - that will be our buyer. Own up who sold to fill those orders?

What we know - both wells were producing 15,500 barrels per day, but one was temporarily closed due to instability. We have the other well (205/21a-6) producing at 10,300 barrels per day and Hurricane are testing the maximum sustainable rates from this well.

I believe they may well be able to get this well flowing at a rate closer to 15,500. Then it is a case of seeing what engineering fixes can be employed to get well 205/21a-7Z flowing.

Hurricane’s biggest shareholder is Kerogen and I believe they are the ones buying at these levels!

10 days since we heard about 205/21a-7Z, so we may well get an update on this front soon.

Saw this last week and then the sellers come out and before you know it back at £1.15.

Looking set for a rally it looks like the base is formed......oil up and the FTSE powering ahead.

My investment is based on a conservative valuation of 40p, so happy to add at these levels.

Usually kicks in at this level, so just beware if the mms try and bring it back down to £1.14/15

NAV is much more than 24p easyp - the value is in the ground. Extraction levels impacted, but as Brent goes up in value in the ground goes up. They are going to optimise extraction from a single well and then look to drill a further well to extract the black stuff. I think the valuation here is crazy low and the bigger buys are being fed by the small fry PI sellers.

Join the dots that is an excellent summary - positive here myself. Obviously those that have an average of 50p must find this situation painful, but those in at 15p or less could do very well here!