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Guernsey-based Crystal Amber have certainly been putting their money where their mouth is and been very clear that they (Richard Bernstein/Crystal Amber) strongly believe that “significant volumes” may be present below the revised oil-water contact and that rapid initial pressure decline was “commonly exhibited” in fractured basement reservoirs like Hurricane’s Lancaster field. Hence, I can now only logically assume that by also putting their neck/reputation on the line here in addition to their cash, CA are here in HUR for the long term IMO, unless of course with increased M&A activity in the North Sea there is a takeover/bid in the works.
GLA

PMO up Circa 15% so far at the open.

HUR market cap this low makes absolutely Zero sense, best time to top at the moment, hence planning same this afternoon, and treble the money within 12-18 months here I believe.

Guernsey-based Crystal Amber have certainly been putting their money where their mouth is and been very clear that they (Richard Bernstein/Crystal Amber) strongly believe that “significant volumes” may be present below the revised oil-water contact and that rapid initial pressure decline was “commonly exhibited” in fractured basement reservoirs like Hurricane’s Lancaster field. Hence, I can now only logically assume that by also putting their neck/reputation on the line here in addition to their cash, CA are here in HUR for the long term IMO, unless of course there is a takeover/bid in the works.

Additionally now with some of the oil majors slowly shifting towards green, that may likely prove to be increasingly beneficial for the position of small O&G producers like HUR overtime.

Fully agree, also believe that this could very well cross the 4p line this week, HUR SP is simply way way under fair value at the moment.

Great time to top up at present while few key sellers still around, these crazy valuations/market cap for HUR will certainly not last long IMO and hence, planning to further add here today, good luck everyone in HUR.

The recent kitchen sinking here was somehow expected and very predictable IMHO and hence, I saw HUR SP as already in way too oversold territory even prior to the 11th Sept. update, clearly there is now massive of upside potential in HUR going forward.
GLA

If I was bidding for HUR I would do it ASAP this year at ~10p levels, next year will be a very different ball game here and we could potentially be looking at 20p+ in my opinion.

Fully agree, with or without takeover/bid prospects, likely upside here is now really massive IMO.

The recent kitchen sinking here was extremely unusual/overdone which IMO now provides the floor for subsequent massive positives on HUR reserves prospects, production enhancements, new management initiatives including cost management plus operational efficiencies and needless to say, potential for improving POO and resulting HUR SP huge upward rallies going forward from the current very low base.

@Slift, no offence taken, I value every opinion here but please don't assume that I have "no background knowledge of HUR or it's operations", I see huge potential in HUR and POO at present but only in the medium to longer term so not here for a quick quid (in which BTW I see no problem as we are all here in some way to make money). As for HUR, I intend to stay till company prospects and POO significantly improve, I have lost too much upside over the years by prematurely exiting investments and plan not to do same here but this is all only in my humble opinion.

At these ridiculously low undervalued prices (IMOO), I certainly see massive upside potential here, and now clearly see HUR turning in the positive direction, so I certainly want to be in here and plan to top up at every possible opportunity while these levels last, DYOR.

Agree that a bid (likely some kind of a JV bid) here is looking like the most probable scenario as of today.

Good day to top up/buy in HUR IMO, SP here is moving north and these idiotic undervalued levels will very soon disappear.

No one will now want to sell HUR at these zero ground levels, great times ahead here and pretty soon by the look of it.

Fully agree, slowly but surely HUR is on it's way back up into the big league.

Dr Alan Parsley is likely in his 80s and was brought in HUR to do a specific task which he has now apparently completed, hence subsequently moving on/retiring accordingly. Noteworthy here IMO however is that Antony Maris seems to be taking firm control here as new HUR CEO moving forward.

Looks like the inevitable HUR breakout is about to commence and from basement extreme low levels which only means that the potential rally here ahead could be really massive from these levels.

Oil moving back up nicely today.