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asimpleinvestor - Having CA on the board hasn't really benefited the share holder the RNS's are still dire. CA used to counteract these RNS with one of their own to ensure share price stability. CA now have inside information whilst the minions are left in the dark. CA are a major share holder but are also happy to sit just under the thresh hold with NE members on the board. I think Maris and Co now have CA's number and know a take over from them was only threat and was never going to happen. I have my suspicions that were are now about to get double pineappled.
asimpleinvestor, You've summed it up perfectly. How can anyone invest without a forward plan ? No forward plan and we're into the second quarter of the year. I would have thought Mr Maris would have a little decency and be more transparent with his share holders to try and salvage of his rotten past, It's also a little strange how CA have gone quiet all of a sudden ?mmm
I haven't posted here for a while as I sold 75% of my holding not long after the Aoka Mizu extension news. I was expecting this news to be the catalyst to propel the share price to the 15-20p level this never materialised. No forward plan and the common PI is again kept in the dark. Investors are now fully aware that the bonds will be paid off in July they'll have a rough idea about future revenue from well six if it continues to perform on it's current curve, so we have to assume that this news is already priced into the current share price. IMO: HUR have no plans to drill this year so to me it looks like the plan is to suck the well dry and decommission at the end of 2023 and hope an investor / 3rd party buys them out. This may happen at the current oil prices but it's a big risk for a new investor to take.
What a hero you are Mr Biden releasing some of the reserves at above $100 a barrel, are these the same reserves you topped up for free during the height of the pandemic when oil was negative ? what's the chances of oil crashing yet again when the reserves need filling. (Rinse & Repeat) And America accuse the Middle East of being corrupt.
rfarfa, Disregard the last sentence, Mr Maris took over Aug 2020 when the price was 4-5p. He will come out of this smelling of roses. The first part of my message still stands.
Disregard, my last message, on paper he's doing a fine job, He's going to come out this looking like a hero. Unfortunately.
Message to Mr Maris: I believe you should be in jail for what you tried to do all of us shareholders; however, if you are going to hang around like a bad smell could you please release a forward plan promptly and back this plan with buying substantial shares of your own. At least have some decency and get the share-price back to where it was before you took over.
British, It's not the case that someone knows something for the majority of us we've been confidant for sometime knowing that the bonds will be paid and the AM lease will be extended. IMO the share price was going to rise anyways on the back of this news even if the oil price stayed at the original yearly predictions $70-80 a barrel. With oil trading above $100 and predicted to be above this for the rest of the year it baffles me why people are selling at such a low price.
I still believe shareholders should be updated on the futures plans, I've accepted with Maris still in the chair it's not going to happen. After the announcement of the bonds being paid its time for shareholders to come up with a way of getting rid of this crook.
NGR1616, I used to work in the oil and gas albeit not in wells, I actually appreciate a lot of the information you post on this message board as it actually keeps it balanced, Senseman also post valuable information although he as a different opinion on the future outcomes of HUR. Only time will tell and I'm sure one of you will be proven correct one way or another . IMO an extension on the AM is imminent and in the short-term the share price is only going to go one way. As you'll know gossip between oil workers moves fast and the City don't like the minions having one over them. A six month extension doesn't really tell us that much with regards to the future long term plan, however, it does allow the company to cash build and in all walks of life cash is king. The crew and oil workers will certainly know first if Well 6 starts to encounter major problems.
I am quite optimistic that we will have an announcement informing shareholders on the latest uplift figures this week. The word around the Granite City is six month rolling extensions on the Aoka Mizu. Oil price dependant and as long as revenue remains strong I think I may actually get the forward plan I've been asking for.
Potatohead, because I find him a vile man, who doesn't want to hear anybody else's opinion. I too would like open honest debate. However, on here it's sensemans opinion only and if you don't agree he gets nasty. He actually has some good valid points but everyone hates a bully.
Senseman, You've been found out, people are following you in hope but with no real substance. you've been talking the same trash now for 6 months. Just to keep you grounded Brent closed below $80 on the 24th, full net bond cash secure by end Jan 22 not confirmed, yet again talking from your backside. Give someone enough Rope. Senseman Legend in his own mind.
senseman called correctly, bright and early, a perfect card
1. court scam failing
2. brent $80 by Xmas
3. full net bond cash secure by end jan 2022
All senseman nobody else predicted this just senseman. He really does think he's god.
senseman, I'm now your number one fan and I feel so lucky that I don't hold shares in BetFair knowing someone like you bets with them. (6 months income in a month trading on betfair) Peter Jackson will be shaking in his boots at the thought of yourself taking him to the cleaners. Being a man of integrity could you quantify a shed load ?
I was worried about well-6 GOR but I'm sure you could turn the water into wine and use the gas to turn it into champagne.
Just catching up on the last couple of days post's, no surprises that 50% are from senseman talking out of his backside yet again.
I don't think anybody on here questioned the oil price and the likelihood of an upward trend. The question is, what amount of oil will HUR be able to bring to the party to take advantage of the upward curve? Will well-6 gas out ? What plans do HUR have in the short-term to increase daily production?
senseman you are my hero. please tell me about the court case again.
senseman, Just incase I get my wish on Monday and we get an update / forward plan, could you please tell me for one last time what happened in the court case ?
fandg2, I'm fully aware of the requirements of a drilling rig to plug and abandon. I'm also aware the AM won't be able to just up anchors and depart at the drop of a hat. HUR and BW will already have a rough idea on time frames and requirements and so do the workforce.
The AM will be on station beyond the date of June 22 in some capacity. Will the AM be there for production or will it be for plug and abandonment / decommissioning ? We need a forward plan.
fandg2, I'm going to play the devils advocate. If HUR were that confidant in a future plan, why didn't their take BW up on the original extension to 2025 ? We need a forward plan.
"My guess would be the WoS assets owned by HUR."
So you're guessing ? is that because you don't really know ? So I take it you'd also like clarification an update?