Member Info for MCB55

Genghis,
I agree there is potential for an upgrade of recoverable reserves. Not sure what this would take though, I assume that 6 mths of stable production and all the test results and a very low to nil pressure reduction, proving the reservoir model as conservative could move the 2c reserve figure upwards towards the 3c figure!. However for that to be formally announced would probably require a new CPR which would take sometime, so don’t see that happening til mid next year!?

Guidance in Interim Report H1 2019 is for full year 2019 production of 2.8m bbls , so at least 2 more loads to go, maybe 3, in which case 3.2m bbls for 2019 (depends on how much downtime/testing is done now to end of year).

Here's hoping for OTC listing next week and another even better run up of sp to 10+p!

He probably expects WW to go so well that its all done and tested by then and no personal intervention required!

Dc,
Yes I accept that.
My original post said that might be good reason to completely miss Q4 or just tweak it a bit and issue it as Q4 CP.

Adult,
If you look on Hur website and under other presentations they list:
1stJan - Q1 Corporate presentation
1st April - Q2 Corporate presentation
1stJuly - Q3 Corporate presentation.
I rest my case!

When is Q4 CP likely to be do you think? Normally it is updated on the 1st of each quarter, but maybe not this time as half year report was on 20th sept. However I can’t believe they would miss it out altogether!? So can only reasonably expect it to be mid/late October or a statement saying will be omitted and combined with 20Q1 CP......any thoughts?

Extrader,
Yes that must be where I saw the statement! Would expect mid/late Jan.
I agree they must have had a "steer" from Hur' would be a bit cavalier otherwise!

oops double negative in first statement!

Cebo,
I don't think January CMD is not an official Hurricane statement, just picked up from various sources ( bb chat, verbal at presentation or broker chat) so Q1 is still the guidance. However 4th Dec is 6 mths from FOIL and WW will be done and hopefully reviewed by then and 2020 drill /overall plan, rig contract, etc, should be clear too, so a lot of updates required.....therefore I expect CMD or at least an operational update earlier rather than later in Q1!?
Unless some of those are rns'd separately?
Imho

Easy, price goes down when more sellers than buyers and vice versa.
The fly by nights have flown to another share they think will make them a fast buck, thats all!
They will be back on good news to create some more froth.
LTH's can only wait on really solid news coming, that is WW late November, Q4 Corporate update shortly (?) and CMD in January (the big one!).

We need larger fund managers to get interested to really move the sp, thats why we need a main listing, because many cannot invest in AIM due to their internal rules!

The value of a company is not just its net realisable assets, it has goodwill (a brand) and potential too. The goodwill is usually the loyal customer base, which we don’t have yet, but we do have the start of a brand. The potential is reflected in the sometimes astronomical P/E ratios of start up companies, IT companies and indeed CBD companies, because investors are looking ahead to what it might be in a few years time. You might call this hot air, and to certain extent it is, as you can’t sell it if the company goes bust (that is income doesn’t cover costs over a long period and the creditors call in their loans), but it keeps it flying high while the new concept/ idea takes to materially come good. Of course some of these shooting stars burnout and fail, but some continue to greater things!

NT should not sell ED in short term as the $100k/mth is a handy income stream until replaced by CBD/seeds, say in 6 mths. Unless the capital is really necessary to pay off the debts that RP got us into. A sale value must obviously reflect the regular income stream, so I can’t see ED being sold for less than $1.5m, that is 1-2 yrs income not discounted

Old pro,
If there is a roadshow then where did you hear it and what are the details?

Hur is not exempt to either CgT or IHT ( because they are quoted on 2 e changes!)

Haha fair point!

I did get a reply from Zoetic, but just referring me to NT”s podcast!
I guess they can’t say anymore for now.

To me “ very very close” surely means only a couple of weeks, although I appreciate that is out of his hands and up to the US authorities!

Yes NT says OTC listing is “....very very close....”, so seems the application is still on track after all!

Asaiaka,

Just the one on the website
Info@zoetic.com