3p, or 4p... To me it doesn't make any difference as my average is 30p.
HUR is pumping oil from one well only. It's like having only ONE TAP working in your house. Plus "shareholders wipe out" is still on their table/option... No wonder the SP is stuck at all-time-low. We can write here anything we want, but the big boys will decide at the end.
Brent at almost $59, but it's not making any difference to most UK oils producers. Although Tullow Oil has gained 20% in the last few days. HUR, RKH, PMO, ENQ... are struggling to stay above the water... HUR still at all-time-low... I lost hope in this share...
Brent at $56, but seems to make no difference on UK's oil companies, such as: HUR, PMO, RKH, ENQ, TLW, VOG..... all have been sliding down smoothly for the last few days.
For people who have entered this share below 3p, there is a chance 50/50 that they might make a small profit... But for people like me, who have entered this share with around 30p, l don't see we will get out money back, no way.
Unless HUR comes up with some extremely positive update, this share will only go one-way, and that is towards 1p. It doesn't matter how Brent is doing, this share is as risky as Debenhams was "massive dilution or no complete wipe out the shareholders" this option for HUR is still on their agenda, that hasn't changed a bit.
That's why the SP is sliding south, slowly and smoothly.