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It’s all about the water!
I’m a LTH averaging about 30p. I obviously wouldn’t sell at the moment. It’s a very important time for the company, everything hinges on the next 12/24 months. Production needs to increase, drilling needed to replace 7 and not find any damn perched water. We need a full time CEO and not an interim (It would have been nice if Dr T stayed permanently as a full time time technical adviser).
The company’s back is against the wall but there is hope that we can fight our way out of this. A lot of hard work is needed.
I was pessimistic about a month ago but now optimistic the company can overcome. IMHO what has effectively happened is that we are now delayed by a clear 2 years for the SP to reach £1 - instead of 2022, it will hopefully get there in 2024/25. But we must not hit any more more significant water. If we do then we’re snookered!
Describing it as a second wave is wrong. We will definitely get local outbreaks that should be contained through track and trace and pinpoint lockdowns within the locale. China has been very strict and imposed lockdown in Beijing due to 160 new cases. Would we do the same in London? I suspect not, instead I think we would lockdown an area within London or even a whole borough.
I topped up. I'm angry that I did. The reason why I did top up is because we are at near bottom and that this company will be sold within 3 years for a price that should be higher. All the board can do now is cut costs, stash away as much cash as possible and lord knows what is going to happen with that bond!
I was hoping for £1 by 2022. That is now gone forever. That's why I am angry.
Just read the latest. I’m pretty shocked to say the least. Like others I have to hold. Don’t we need Dr Ts expertise?
Yep, and very poor quality politicians. Priti Patel is a joke. I watched the virus update yesterday and she was so poor. It’s clear she’s not up to the job. But she’s a mate of Boris. So that’s fine.
The sooner we realise we are a small country in north western Europe the better. We had an empire which brought some good but mostly bad. We took the wealth of others and gave a small portion back to them. You can read Nial Ferguson and let his version of history corrupt the truth (he thinks the British Empire was overall a force of good) but the reality is that those people didn’t want us there. We also industrialized and were the best at monetizing the slave trade. Thankfully we saw the light first on that dreadful industry.
No we must get real! And COVID has shown us we are nothing special and have to improve. The Greeks, Danes, Slovenians, to name a few all did far better than us: their governments performed better and their people during lockdown performed better. You broke the rules in Greece first time round and you got a €1,000 fine - in UK. it was 30 flipping quid.
We do have some great companies but we are too easy in selling them off. Our productivity is too low. Our infrastructure is shyte especially transport. Broadband too slow. Entrepreneurial spirit and creativity is great but key down by crap broadband speeds and trains that have an average speed of 20 mph and stink of urine.
Well if you can wait till 2025 then you should see a handsome profit. I initially was hoping that 2022/23 would be the year everything came to fruition, with a large player buying HUR. This now won’t happen. There have been a few setbacks including Warwick and the perched water at Lancaster. These setbacks were always on the cards especially the water issue because that’s the inherent risk with fractured basements. The question we must ask is if Dr T has got the water issue right. Is it really perched water or do you think there is a more significant problem? The market has priced in fully the water risk. That’s why the share price was depressed before the pandemic. It’s always been the elephant in the room with HUR.
I don’t know if you read the recent article by the Investors Chronicle recently but for once it hit the nail right on the head. Believe you me I am not someone who blindly goes along with the IC, it has cost me money in the past, but It summarized the problems and attributes accurately and gave a hold rating. I am no Warren Buffett but I will hold too. If HUR can whether this storm and still have cash to exploit this entire basin then the company will succeed. The perched water issue will be resolved. Dr T will finally persuade the market that he’s right but he’ll need to deliver the data that will do so, and he will.
Have faith don’t crystallise your losses.
When are you retiring?
Greece has done very well too. A Southern European country, and not a Germanic country.
Everybody will get a slice of the pie including American shale. Saudi tried to destroy them and failed. Russia is only interested in Russia. US shale is largely efficient and can restart when economical to do so. They’ll find a price everybody will be happy with. HUR needs $22 to break even I believe (please correct if need be). That’s what counts.
Can any one help with this question. What is the floor price for a barrel of oil for hurricane energy in making a profit ?
Thanks a lot
Yes but we get a chance to have a blue passport
I would feel a lot more confidence if Dr T bought some shares.
Malcy said 100p. What a wet dream that was!
My guess is 45p but that is an absolute travesty. The share was at 45p last November and we should have been at 80p by now. Such an injustice. We are being robbed blind.
The update isn’t late. It was sadly necessary, but what this has done is take Dr T’s (and others) valuable time away from doing his job and instead deal with ******s who are shorting HUR.
https://en.m.wikipedia.org/wiki/Market_manipulation
Sounds like DSPP, whoever this rectal wipe is, has and is STOCK BASHING. See definition above.
He, she or it needs to be reported !!
I don’t use the platform DSPP appears on so if you’re reading this and you are on that platform - REPORT NOW!
Remember why you invested in HUR. Dr T will deliver.
Doesn’t this show us all the corruption of AIM?
The sooner we get to the main index the better!
Don’t think we’ll get a better deal. Chris Fraser has just rodgered us. That’s it.
Thanks for the reply.