Member Info for MCB55

Don’t hold your breath, he is not that rich, just a youngish salaried man!

My concern is that the asset sale will not attract many/any offers other than RP who will sneak in a low bid at the last minute and get the lot for pennies!
However he will need big money to develop those assets and where’s that coming from? He will probably launch a new company called HNR and the original one/us will be renamed Zoetec!.

I think he was pushed, nothing else makes sense! I don’t think that he is a privately wealthy man, so unless he has wealthy backers he can’t do much with hnr’s residual assets, except float a new company and there might not be many buyers for that given his track record!!

Why did RP resign do you think? Was he pushed, is he an out n out oil man and uncomfortable in CBD, did he see more bucks to be made out of hnr’s residual assets? He still has 12m hnr shares and so he will want the CBD biz to make these worth a lot more than now!

Now the bad news is out the way, what we need is a few days of calm and then a raft of good news coming through, OTC listing is the big one!

What happens to RP’s 12m shares now, he better not dump them on the market or we are in real trouble! Best to exchange them for some of our lessor assets maybe, at market value of course, and then the shares come back to the company and reduce number of shares in issue and thus a bonus to the sp?

I hope one positive might be that our mystery billionaire backer sees the good future of the CBD business BUT didn’t get on with RP and wanted him out the way, but is quite chummy with NT!?

G15,
Yes I did mean that the recouped production in 30 yrs time is worthless, therefore lost production today can be considered "lost"!

Lost production due to a shutdown is just lost revenue for this year! Technically it is recouped at the end of field life, so the loss is the time value of production now versus the same amount in say 30+yrs time, which to most people can be considered as nil!

Many people have to raise cash at short notice for lots of reasons.......The main one is that they are in a bit of a "bear squeeze". They then have to sell something and usually shares are the easiest thing to dispose of at short notice.
It probably has nothing to do with the relative merits of HNR vs property or his confidence about the future! Just the need for short term cash to cover another liability!

Hopefully less downward pressure will spark a move up next week then!.
Also fully expect some goo£ news too in next week or two.......double figures in September!?

Tick tock

What we are waiting for is some serious news, like OTC listing, to move the sp!
A takeover now at current price plus say 30% is not good enough! Unless we all get free shares and the newbies invest millions!

EPS and P/E ratios are broad indicators used by many investors, you are right that they alone don't precisely measure the overall health of the company. Quite often the P/E ratio will be low for companies thought to be in trouble and high for those thought to have a bright future.
However HUR is not yet seen as an oil production company (thus measured primarily by P/E ), it is still an exploration company and thus its main value driver will be its assets (2p, 2c resources, etc.) If HUR is not taken out in next 12 months time it will likely be based on its asset/resource value , however if no take over then the market may well begin to value it more as a production company (albeit with a strong asset base)!?

Not convinced EPS is calculated net of capital spend (which is utilisation of income.)Maybe a qualified investor/accountant can confirm one way or the other.

15p is only an mcap of £22m!
This share can move quickly on good news, that plus OTC listing, so am quite positive that 15p will be exceeded this year.

Looks like the sp won't move til the next bit of news........next week hopefully and then OTC announcement the following week and then 15p by mid Sept!

They are a very small company like HNR, only $20m!
A very glossy and hyped up website though, with lots of advertising, distribution deals and glitzy launch info, etc.
Interesting to see how it takes off in next few months as we do too!?

Onwards n upwards!

You aint seen nothing yet!!

Great sounds good to me!