Member Info for Showmethemonet

I am a remainer. I will not change my spending habits. However I will continue to buy UK and Irish meat and will not buy the American chlorinated Frankenstein stuff that's for sure.

Well, we are where we are.

What do you think are the odds that HUR will get the financing it needs?

You can’t always get what you want
The Rolling Stones

I’m glad people are topping up and that confidence in HUR. I’m topping up myself.

IMHO there will be no serious re-rating in the SP until we get positive news from the company. The market is guarded and the shorters are still out there. We need a good RNS very soon!

The chances of HUR being sold hasn’t changed. There is oil down there and only a part of it has been taken out. Any sensible buyer will wait until the heavy duty work has been completed and as of today it simply hasn’t. That was true with Dr T at the helm and it’s still true with him gone.

I also strongly agree it’s all about the water cut. That has been the main driver of the share price dropping along with reserves downgrade. If we can see a sustained drop in the water cut and HUR can prove it will sustain at that level then long term holders like me will see profit.

Quinny
If it’s any consolation there are many in the same boat. I’m one of those in that same boat. We are being held hostage by this god damn company. I had so much respect for Dr T but it seems he was living in a fantasy world, and with our money. I hope I get my money back in a few years time but it would have been 5 years

HUR appears on the shorters league table in the IC today. 3.4% of share capital owned by 2 short investors as of 16/09. Did I read this correctly?

Well that was a bad day. It seems to me that all the bad news is out. There is still hope. We now have to wait till next year for the next technical review.

I feel like a prisoner to this share. They call it Stockholm syndrome.

Come on !!! Let’s do it. Good news is what we need.

Around 6 months ago I said on this board that the next year / 2 years are pivotal for HUR. And that was before Dr T left. The fightback began with Tony’s appointment. The fightback will continue on Friday. Good luck everyone, we so desperately need it.

So John you say Maris won’t make any difference, why??

Maris understands Fractured basements and has taken out 60,000 barrels per day. This is a game changer appointment for the company, the reservoir data would have been shared before his appointment so Maris knows it can be extracted and how the water reacts. This is the start of good news that will lead to SP recovery.

Well I don’t know how much your total wealth is Sunshine but on 100k I would try to stay hopeful.

I agree with haggis trap, the board now need to protect the interests of shareholders. What I’m concerned about is the BOD giving up due to fatigue. HUR will be a difficult job over the next few years. They’ll need to stick it out and prove that the water is manageable, if possible get to 20k a day and this can easily sustain, refinance the bond, Halifax, it’s a full itinerary. But time might be on our side. Funnily enough, it may be in our interests as LTHs that there be concerns on the the water cut, it might just protect us from a cheap takeover. If we can just get back into shape, quietly and efficiently, then hit the damn shorters with news that proves long term sustainability and low water then we’ll be back.

The share price will not substantially increase until we see something that announces a reduction in water and increase in production to the magic 20k figure. And even then it won't be to astronomical levels. Sustained production of 20k over say 6 months with an RNS that explains this will be the new normal and a considerable build up of cash reserves just might do it.

But before that there will need to be announcements that won't spook the market especially about the technical review and the refinance of the bond. These last two are critical.

We need announcements that will literally knock the socks off the shorters! Tinkering around the edges won't do.

And we can't have any more bad news, or we really are buggered.

We’re going to get royally buggered today and tomorrow. A right gaping hole and the shorters will be spitting inside.

Don’t lose your nerve we can ride this out. This is drip drip news so the message is controlled. By the time the technical review is released it will be completely priced in.

The shorters will have some fun but by 2022 they’ll be burned if they still stick around. They’ll be largely be gone by then.

Well I was looking forward to a good week after Monday’s great announcement. But we are in the middle of a pandemic with events out of the company’s control. They’re doing good things, increasing production and generating cash. A new plan of attack will be announced soon too. LTH’ers such as myself must keep firm and HOLD. Value will be unlocked. Remember why we bought this share in the first place and it was always going to take time with bumps along the road. We’ll get there!

What a relief!!! Come on let’s see it rocket this week.

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.