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They could start by purchasing £24,000,000M GBP in shares & in the process wipe out nearly 300,000,000M HUR shares by doing so which would equate to roughly 15% of the total HUR shares being wiped out? Won’t break the bank at all & would instantly raise the share price, The price is so cheap with the cash in the bank available it has to be 1 idea on the table.
18,000 bopd should be easy with ESP’S working on both wells, Well 6 flowed naturally flowed at 16,500 bopd on its own with a psi of 145 without (ESP) we now have both wells running at 15,000 bopd with ESP’S operating I would expect the wells are choked back quite a lot! My verdict is they are trying to get well 7 to flow without intervening with the rhythm of well 6 which will be opened very slowly but surely but more so well 6 than 7!! Optimum levels are what is needed!
Brent oil will be into the $50 by August!
Hur Capex at 15,000/18,000 bopd $28/$33
$50 oil minus $31 dollar capex roughly?
$19 profit at $50 x 18,000 bopd = $342,000 a day!
That’s approx $124,000,000 profit a year!
HUR: has approx £140,000,000 - £160,000,000 unrestricted cash already!
Bonds are due in June 2022? Umm yes that’s easily Re-Paid!
Share price is going to rocket up from here, September would be my guess as airlines account for 8% of all oil used & airlines are set to double in flights from August & September again, Brent will be in the 50’s for sure.
Hold it out Lady’s & Gents! New investments in O&G industry is at its lowest!
Oil demand is rising? Oil investment is falling?
Oil productions is at its lowest levels in years! Consumption of oil will bounce the Brent oil price for sure! It’s been marked on purpose by the USA,Saudi Arabia,Russia they don’t want small oil prices!
Takeover is going to be inevitable now if they were going to go it alone they wouldn’t have let Trice go, with Trice on the sidelines now Kerogen & Co can work on getting money back, Kerogen still own about 16% of Hur & already made decent profits on there last share sale of Hur but will be wilting at the 7p share price today and will want there cash back on the remainder, Trice was a genius but money rules the world & kerogen are a business & will want this sold for sure!
Have any of you ever wondered if Adoubleuk was Dr Robert Trice? Or someone working for him in despise? The day Trice leaves ADUK is gone aswel... At the current price & Adoubleuk being in this for years why did he claim to sell out at 7 odd pence the day Dr Robert Trice resigns? It’s clearly in takeover territory now and will fetch 20p easy a share so why did he claim to have sold out so cheaply? Surely at such a loss & years of being heavily involved Adoubleuk would have waited it out now? He was on this share at 60p!! But sold out at 7p sounds like he’s resigned himself?
The share price is crazy to be at 8.75p & nearly £170M mcap it probably has £170M in the bank it’s unbelievable to think the price is so low.
Just bought 33k at 219, Seems unbelievably cheap SP to me
Unbelievably cheap at this price Strong Buy!
Struggled to get past 99p be interesting to see if it can push on now at £1.00
Interesting indeed
It will hit £1.00 inside the next 10 minutes
I bought in at 89p aswel think we are gonna do well here well!
Q786: £1.05 Secondsoutrd2: £1.08
Gonna power past £1.00 in the next 30 mins
Up she goes!
Q786 £1.00 Bluedays74 £1.04 Secondsoutrd2 £1.02
Can see this blasting up to £1 today
Not gonna drop much more if it even does drop, Can only see this shooting up!
Volumes are stretching out almost a million shares bought more than sold
Price seems far too low, Gotta bounce soon