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“What exactly have Tony Buckingham and Franco Castelli noticed in the HUR data room that would justify 250 million of new investment? Is the 500 million barrels of recoverable resources from the 'super giant oil field' Lancaster, now back on the table? Well 6 is still going strong. Maybe Trice paid the price for one duff well. Just how much oil does Lancaster really hold and how risky will it be to go after it?”
Never trusted the WoS disappearing oil. All part of the scam plan, imo.
Reckon the reality is much closer to the original figures. There’s plenty of interest in that region, by companies much bigger than HUR. 2023 could be a big year for HUR, if this new proactive BoD gets the right kind of backing.
50% fall in sp in 2 months is not some end of day sell off.
Especially when it’s out of step with Brent price rises and steady production.
Not confident in any of the BoD at the moment. Even CA have gone quiet. Won’t be much I know, but at least I can register a protest vote for the AGM items.
As someone who does planning for a living, the lack of any sort of future plan is especially hard to take.
2 months ago the sp was 11.34p. Currently the sp is 36% lower, whilst Brent price has increased by 10% in same period. Something doesn’t stack up here. It’s not like HUR production has fallen away. Can’t all be down to the windfall tax or lack of plan. Feels like sp is being played ahead of a possible sale.
As a bare minimum, the HUR sp should have tracked the Brent price upwards, not fall by a quarter in the last 3 weeks!
Annoying doesn’t cover it.
At least we have the AGM votes to have our say on the sleepwalking BoD.
The last few RNS’s and Report have confirmed in my mind that if we have any intention of seeing the HUR sp exceeding 12p, Maris has to go.
He needs to be replaced with someone far more positive, and proactive - especially in relation to rapidly changing external & political factors. The complete absence of a forward plan is inexcusable. It’s unlikely there will be a better time to expand HUR WoS, especially with Government and public sentiment right behind us.
On the subject of the (one-off) Windfall Tax - I read that it might be a lower amount if a company uses profits to explore / drill more locations / increase U.K. production.
Don’t suppose there’s any chance HUR could action that before the tax comes into force?!
The EOY report could have been written by a robot, it was so flat and uninspiring. It should have been shouting the success from the rooftops. Not a hint of it and subsequently news reports publish titles like: “ Hurricane expects stop to Lancaster field life towards end of 2023” and updates along the lines of: “… the firm has put a timeline in place for its end.”
And: “It comes as the firm recently submitted decommissioning plans for the FPSO, three years after first oil was achieved.”
Plus: “ a far-cry from the fractured basement development’s former prospects.”
Oh, and the rotten cherry on top: “… relinquish control of the licence for the Lincoln field.”
It all reads about as negative as you can imagine for single well HUR. No future plan from the BoD, just a few lazy soundbites and nothing to get excited about for serious investors.
No wonder investors weren’t jumping onto HUR following the Report, as they should be doing right now in their droves. In fact the sp showed no increase on the week of the Report.
Roll on the AGM and hopefully a new BoD. Anything we can do to expedite their departure from HUR should be actioned and then finally, we might see some actual progress and reflected sp increase to more than double its current level. Imo.
Thought the sp was guaranteed to rise today after Friday’s late RNS.
Given up trying to predict this share. Bonkers beyond belief. 10% down after that news. Crazy. Maybe when we get Maris out, we won’t have to put up with such badly timed RNS’s just before the weekend.
Considering the sp went up nearly 2p from the RNS release 1 hour before close on Friday, I’m hopeful we will see 5p increase on Monday - even after quick profits are taken.
Surprised if the sp doesn’t hit 9p tomorrow
Apologies for the acronyms:
AGM - CEO - CFO
+ CPR3
= ££££££££££££ HUR SP
“Just like 5-5.5p before, 8-8.5p here is another natural resistance level that will likely very soon be broken as it now makes no sense especially with $100 Brent, once broken, next major resistance level seems to be 11-11.8p which with anticipated company updates can again be easily smashed going forward.”
The demand for oil & Brent price rises alone should see sp reach 10p-11p by end of March.
Early April production update RNS from March lift will be like a green light to hesitant investors, when it’s confirmed the money is in place to pay bond holders and cash in reserve. HUR sp to hit 15p-16p.
Expect there will be AM extension RNS before the end of April. That will be sp 20p.
Slow increase to 30p on subsequent lifts & RNS’s, up to July AGM. Likely first news of a forward plan and new drill sites.
Need to oust the x2 bad apples at Director level, then another CPR for WoS. If similar results to 1st CPR, HUR sp could be 60p again by year end. Holding tight for the ride.
Brent hit $104 in early trading. Currently $103
Not really baffling, garrym.
This is / was the most undervalued oil company on the market.
It’s a case of belated sp readjustment after it’s been held back for so long. Should already be 16p min, so there’s still room for folk to jump in on HUR while they can.
As much as I’d like a dividend from HUR, I’d rather the bond holders were paid off early and money set aside for another well before we start thinking about that. We would get the benefit in the sp increase.
$95 Brent again. :-)
Imo it seems the last CPR and the extremely low cash flow estimates are in the same ball park. Both significantly downplayed.
For the CPR data provided by HUR: crap in, crap out.
Bordering on illusion trick to make the original vast WoS estimates disappear.
A new CPR, if close to original one, would no doubt boost the sp in addition to more useful data.
“ As a new SH here ,where can I find share holding in company for CEO and CFO ?Are figures , if any
shares held ,in public domain?”
Good job you didn’t check first or you might not have bought in before this multi bags.
2 Director’s will soon be ex-Directors and they can take their devious games with them.
Given the recent turnaround in fortunes, the End of Year Report & monthly update should be a joyous read for all HUR shareholders.
But from what we know about the RNS’s released by Maris, there will be little snippets of doom (e.g. bubble point) interspersed within the good news. Anything to keep the sp down. That’s my guess anyway. Should be seeing a 20-30% increase on sp, I reckon reaction will be flat and we will struggle to break 4p barrier. Imo
Brent closing in on $85.
Up nearly 20% on month lowest price.
Lovely stuff.