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no one should be selling now
the real prize is on the 5th july when the BOD is voted out
Pre covid we were sitting at 11p march 2020
3months before in the 40s
This is the easiest hold on the stock market.
The BOD will be out in less than 2 weeks
Expecting quick bounce on this news. Time to load up if you haven't joined the party!
Retiredbanker they have 170m in the bank in cash. They are producing 11k barrels of oil a day.
It can be done. There's no real reason to declare bankruptcy with money in the bank
The spread on this is something else buy at 1.24p and sell at 1.12p MM literally don't want people buying and happy to take it off your hands on the cheap
If there's a massive dip I'll be buying more so win win haha
Hurricane Energy plc, the UK based oil and gas company, provides an update on Lancaster field operations.
On 10 June 2021, the Company announced that the electric submersible pump ("ESP") in the 205/21a-6 ("P6") well had tripped on 8 June 2021, causing the well to be temporarily shut in on precautionary grounds prior to restarting the well on natural flow while the cause of the trip was investigated.
While these investigations continue and ahead of an attempt to restart the P6 well ESP, the Company has decided to maintain the P6 well on natural flow at a rate of 9,000 - 11,000 bopd subject to surface conditions and settings in order to fulfil the minimum lifting quantity for the next Lancaster lifting which is scheduled for the week commencing 14 June 2021. Further updates will be given in due course.
-ends-
Contacts:
Hurricane Energy plc
Antony Maris, Chief Executive Officer
Philip Corbett, Head of Investor Relations
+44 (0)1483 862820
Stifel Nicolaus Europe Limited
Nominated Adviser & Joint Corporate Broker
Callum Stewart
+44 (0)20 7710 7600
Investec Bank plc
Joint Corporate Broker
Chris Sim / Rahul Sharma
+44 (0)20 7597 5970
Vigo Consulting
Public Relations
Patrick d'Ancona / Ben Simons
hurricane@vigoconsulting.com
+44 (0)20 7390 0230
About Hurricane
Hurricane has a 100% interest in and operates the Lancaster field, the UK's first field to produce from a fractured basement reservoir.
Hurricane also has a 50% interest in the Greater Warwick Area licence, which contains the Lincoln and Warwick assets.
Visit Hurricane's website at www.hurricaneenergy.com
Glossary
this BOD is against the share holders.
They don't know how to do this to get what they want.
The next RNS should state due to conflicting positions we will resign
market is reacting to something bid now 1.37p.
The next RNS by the board will be interesting, they seem a greedy bunch if they do not have the interest of shareholders they need to quit.
All the talk of winding the company down is frustrating
Genghis15 if you're out why are you so bothered to post on here?
jonesrichard is on my green list. crazy ramper
1.31p to sell 1.59 to buy
Think we'll be hitting 2p today
the rise is coming haha
Looking good so far spread is tightening up now and hitting ask more often.
Would be great if we explode today on results
It depends on how it's presented. If bod say they have lost and are resigning with immediate effect I think we'll get a positive response.
If bod are like we've lost and there we will begin process of winding down then that would be very damaging.
I'm hoping for the first statement but who knows.
pretty confident the bod will loose but no idea how market will react
see what tomorrow brings!
spread sell 1.132p
1.22p to buy
no trading this share you either in or your out
Hope you all had a good bank holiday weekend.
So many posts over the weekend including plenty of green so seems plenty of discussion here. Surprised those who say they don't own are still commenting.
11 days to go and we will be super happy or nursing our losses.
GLA to investors.
Offered 1.24p to sell
Especially after that bombshell of an RNS.
Hmm
1.1752p to sell
1.24p to buy
MM not trying too hard to get people to buy.
I'm seeing 1.10p to 1.30p spread on HL.
Ignore the derampers with no shares constantly bombarding us about how bad a share this is I'll wait and see.