Final (Oil) Point!3 Feb 2019 12:49
Ivy, a bit off-topic, but as it’s a Sunday(!), I also have a lot invested in Hurricane Energy, which is about to hook up to its Buoy and produce oil (First Oil). In September, Morgan Stanley said that investors in Hurricane could be looking at a “very big pay-off” and also this:- “If we assume US$10/bbl value for Lancaster and GWA 2C resources, we arrive at a base case NAV of £2.92p. Should long-term oil prices increase further to US$80/bbl (real), we see potential for a bull-case NAV of £3.81p. this is seven times higher than current levels.” So, my very long-winded point is this! To say that February, March and April are BIG months for me, would be a massive under-statement! What with HUR about to produce first oil, and MTFB about to pop; this a very exciting (and mildly terrifying) up-coming three months!! Gulp. ATB