Member Info for mover123

thanks FB and agree. IMO the longer we wait for the results the higher the likelihood of some such announcement as they will have presumably a lot of data to sift through and the nature of any such announcement would require a lot of thought.

...theres been some debate over whether connectivity between LC and WW is good, bad or indifferent. I have always been of the view that it would be highly significant as it might point to an absolutely huge find and thereby have a transformational effect on the SP - any comments?

....do we see a breakout from here - I see this easily moving through 55p on good news this week on the basis that we're nearly at the level achieved with LC

....is no news, good news?

really strange that we're not seeing some sort of lift in the SP in anticipation of news. All the vibes seem positive but if they stopped flaring on Saturday as some posters believe then I guess it could take some days to interpret the data. HURR are thorough so I suppose they want to take their time. Is it possible they time an announcement with Dr Ts evening lecture on 28th?

We are all aware of the CMD in Jan but what of the next stage of development for Lincoln and WW - my sense is that when we get a firm view on this (maybe at the CMD) then we start to see a shift in sentiment and the price, especially if accompanied by an announcement on a main market listing. Are there any views on this?

Yes, MH - I tend agree and on the basis that I do not want to miss the re-rate I will not be selling having been in since 2017. This share is ridiculously undervalued....hence my frustration.

Yes - you are right thanks for correcting me Bdog. The question I come back to is where does the SP go after that, if it confirms a successful drill. I can't help but feel we go sideways again until the CMD in Jan...

no RNS as yet - whats the consensus on when we might get something? Lincoln saw us getting an RNS about 36 hours after the flare so are they still interpreting data?

surely a significant re-rate of HURR is imminent?

they used the words "oil type" not "fluid type"

Lots of Jitters around at the moment for obvious reasons but I am working on the principle of "being greedy whilst others are fearful" and adding steadily to my holding. However there have been some good a valid questions raised around sentiment and price here - ie why are we languishing at these ridiculous low levels. Is one simple explanation that at that the moment we are a one trick pony and having a line of sight to monetisation of the rest of the portfolio is lacking. To that end what are peoples views on how quickly HURR can get an FPSO to Lincoln and / or WW if this is successful?

Thanks Albi - very clear indeed. We watch and wait - I am hopeful

trying to interpret all the different messages around weather and corks popping to understand whether people are talking positive from a position of knowledge or just by inference. if anyone can talk in plain language it would be great

thanks Rainbowchaser - seems like a logical answer or as Bdog says maybe they are keeping a better lid on news leaking. We watch and wait.

In the run-up to the LC announcement there was noise of chatter around mud losses which seemed to be significant and also based on ship movements. There have been some excellent posts on ship movements here and on advfn but not much talk of mud losses. Does anyone have any insights or comments on this?

good summary PTS. I think we're all convinced of the story - its simply a question of how long are we prepared to wait and what can we do with the cash in the meantime. I personally would not like to be on the wrong side of a Black Swan event like BP announcing a 150p takeout which for me at this stage would make perfect sense as the stock is almost criminally undervalued....

agree IJT - what I have also said below. There is a risk / confidence piece here which gets addressed with each successive offload....

I guess share price would rise on back of EPS as each successive offload de-risks the concept and also puts $25m in the bank account. True some of this is baked into the sp but I think there is a large discount factor hovering over the valuation due to the need to prove the concept

fair enough Sheltie and depending on your entrance point you could be sitting on losses (very possible). Just to put the counter-factual point - I would be annoyed if I bailed out and this started to fly....which is looking somewhat more likely now