Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
RT would listen to anyone who had decent input, why do you think he built a great team. A CEO position is like any other position in a team, it can be changed. But most importantly the team is still intact. The big question is losing someone who knows fractured basements like he did be a big miss going forward. Speculate to accumulate.
I have read that some are hoping for a forward drilling programme however this is not likely in the next 6-9mnths due to equipment lead times. Then there is the issue of rig availability unless they can do a share programme. So what you have is staying like this for sometime.
Only thing is they cannot use stuff they already have as it’s not chrome, water injector requires this so everything has to be made from scratch.
It is not a given that the water injector will work as predictions. If you say 75m dollars to drill this not sure where your numbers are coming from. Plus probably be later tha Q2 due to rig availability and different equipment including tree to be sourced, also rig. Yes they have equipment for production wells granted, but this is different
If you look at a comparative company with similar share capital, see what their earnings are and compare with hurr. You will be surprised and may answer some questions on the share price.
In this case with basement reservoirs, what he has learnt in 50 yrs means nothing now. The most experienced guy has now left the building.
Maybe because no activity on the drilling front, till 2021 and that’s for abandonment well, possibly a work over. So basically for next 12 months relying on the 1 well although 7z could be used if something occurred. Big money to payout next year unless deferred or restructured. The only hope is that a curb on green energy investment due to Covid 19 2nd wave.
It would seem no drilling taking place this year, no rigs on contract and that money will be needed going forward for paybacks and ongoing expenditures. 2021 will be a defining time for the company, they may have to sell assets to survive. At the moment no take over is in the offing or likely to be with a 10-12k flow. The big question what happens if the well flowing develops a problem a year could be a long way away.
You are the lucky one not knowing anyone taken by this horrid virus. Let me tell you it is horrendous for those try to come to terms with everything. The last thing on their minds is the making of money. The numbers quoted is dubious to say the least, same as betting on this particular share.
Hmm identify truths, I am not Into looking into the crystal ball Like most of yous on here. The truth is you gamble and with that expect losses. tell me what in my post you want the truth about thats nor already there.
Continue to read posts from ever the opimists, who have seen the value of their stake plummet. It’s like a feeding frenzy. The fact is in the oil business it is ruthless and the bottom line is the bottom line. Costs such as rig sitting idle, interest and ongoing operations need deep pockets for this to be funded. It probably begs the question would you take over the company with this low share price.?? RNS is put out to give investors in the know information between the lines, hence the low price.
I have watched posts on here for two years, some folk don’t even take their own advice, instead they come out with predictions. They have also tried to beef up the company and get other small gullible investors to buy, then doom and gloom so they sell at a loss. Don’t blame management for your poor decisions, this AIM market stuff is like playing a roulette game, guess who always wins.
Some posts are bewildered by the rise in oil price to the drop in share price of Hurr. Well it makes sense does it not that the price inc will only make a small difference in income to hurr. Compared to a big producer. So until more oil is actually flowing or going to flow, the share price will be stagnant to a certain extent.
If folk want to pedal their own agendas on the election then please vacate this forum and get to twitter or FB. This thread is about hurricane and share chat. Remember the stock market can go down as well as up. See on Friday.
Well when will you learn to do your homework yourself, not someone else’s say so. The fact you lost or are losing money is down to yourself. Getting hyped then nor knowing when to get out is your fault. So why ask Hurricane about the last RNS it has to be above board and truthful, so if the truth hurst so be it. As for someone giving others advice when to sell when it gets back up to 40 then are you going to cover costs for bad advice.
Having watched this forum over the last 6 weeks, you could see the frenzy starting to build, all the experts giving it large. From a crew change chopper to a food replenishment by supply boat, all trying to convince everyone and themselves that this was the mother lode. It is because of that sort of frenzy feeding off each other that RNS has to be issued. I also noted the size of the supposed massive flare that was burning, no doubt folk bought on that info, but at the same time some big sells were also ongoing, did they know something.
Even today folk still think they know more than what is actually going on. DONT GET CARRIED AWAY. Trying to talk up the share price in the short term when there is nothing to talk about means heartache for some.
Another supply boat on its way the TOL, with little on it extra smaller tubulars. Must be for drilling reservoir. Weather forecast next week poor for WOS. Little boat work maybe.
I think you are wrong, Edde Frend looks on loc. How is the weather up there.
Interesting that folk talk about Drilling late 2020, probably more like early 2020 summer campaigns are a must WOS. I would think roughly same again. Looking at rig availability that do WOS and that Hurr. Seem to use T.O. Rigs (they have used the 712,Spitzbergen,TOL,) the TOL is taken by Premier in summer 2020 for Solan that is well known. However the PBLJ is being released from BP, you never know. This of course is hypothetical but the trend is set to get the whole area producing.
Grampian is Aka Mazu supply vessel according to journals.