Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Slift, mcadder please continue posting.
I was caught up in this company of “billions barrels of oil” ,I was ready to sell half of my shares but wasn’t quick enough and now I am sitting with 85% lost, and I don’t know what to do , stay or move on...
I only hoped that company will at least be able to pay the bonds since oil price recover and then proceed with the forward plan. Regarding the decommissioning costs maybe they will agree to something Because of the pandemic.
A lot of us “caught with our pants down “
I am fearing for the worse , especially if Crystal Amber buys some bonds which is the sensible thing to do instead of buying shares.
This was a pipe dream.
If the BOD needs money shouldn’t they raise it from shareholders and the market first. ??? And then discuss with the bond holders.?
I am sure a lot of shareholders will be happy to put money than losing everything.....
They bypassed us (shareholders) 15 months before the maturity of bonds.... without exploring other alternatives which they don’t f**k the shareholders..
This should be investigated. I will write as well to the agencies that British posted.
I lost the majority of my investments. I will recover financially eventually but I don’t know if I will recover emotionally.
I still believe that things could have gone differently if we had an honest and reactive BOD.
The way the bod acted was a scam!! I do believe the share price was manipulated by them. In the RNS they mention the dilutions to cover their a***s, and the reason they didn’t hire a rig on 2021 was To justified the restructuring.... this should be investigated...
Will the shareholders have any representation at the court or is a done deal?
Can we move legally again them, because of the massive difference between the two cprs?
I do believe the plan is to hand us over to bond holders and proceed with a dilution..... :( I don’t know if we can do anything to prevent this from happening ?
And if they need money so bad why they don’t agree with spirit to connect the Lincoln well?
Only hope for PIs is someone to buy us...
A bad Day again,since I bought in(June 2020,greatest mistake of my life) all the announcements have trashed the Share.
Even if we don’t repay all the bonds , I am sure the company assets will worth between 5-10 p worst case scenario, right? There is oil maybe somebody will want it if we are lucky?
CPR will be crucial for our future.
If they don’t proceed with side tracking this year and WI next year, they should do everything in their power to tie the Lincoln well to AM and increase cash flow. Additionally they could buy back some of the bonds if it is possible.
The fish stinks from the head...
Maybe the bod should get paid in shares for this year:)
With current Brent price, It seems that we can avoid a dilution. They have other options ...
There is no excuse for BOD to go forward with a dilution, unless it is really small.
Possibly Brent price will reach 65$ in the middle of the year.
GLA
Not happening
Any thoughts for tomorrow? Positive or negative...
Slift they can borrow from elsewhere to pay the bonds and avoid dilution, am I wrong?
Is it not BOD’s job to look after the interests of the shareholders?
For me the only reason to do a dilution is to wipe out the shareholders...
Any thoughts ?
With oil prices keep rising as Jonno said. A dilution can be avoided...
With such a low sp, what’s the point of a dilution?
It seems to me that from the start the current BOD it’s working for the stakeholders. And I am afraid that they will be a dilution...
If I remember correctly , they never mention connecting Lincoln well to Aoka in any RNS,which really worries me.. any thoughts?
Can someone who is more experience with shares, have a guess how the dilution will affect the current share price?
And in the event of a dilution, supposedly everything goes well with sidetrack and water injection could the price recover let’s say to 12-14p?
Thanks ??
Not written anything for a while since September , but I was always here.Happy to see the share going up, I hope it will continue to rise and get some profits eventually.Big Thanks to the people (I believe it was Major,Branson bull and tuxedo)who were supportive and constantly assuring that the price will recover.
With the current oil prices I am worry that company won’t have enough cash for a water injection and paying the bond!
Is it difficult to extend the bond or to refinance it?
Why do you believe another company will want to buy Hur?
Can you imagine in the next update, to say that the water injection will not work? Or they don’t have the funds to proceed!
Ps: I’ve been here almost 3-4 months planted always disappears after huge losses...if it’s not Dr T. I hope he is well.
I will be praying for a takeover!
I am worried of losing it all, because of the bond, or shares dilution! Who can trust them ...
Any good/sensible advice for people who lost half of their investment today?
IMO:
I don’t believe tha the sp is much undervalued at the moment,because hurricane must first proved to the investors that it can extract the oil reserves. BUT there is huge potential if that happens.
The two production wells as it was mentioned they interacted with each other. So I wouldn’t expect an increase to the production unless watercut is decreased due to production length. BUT personaly I am happy with the current production as long it continues until the Q1 2022 when they will try to connect a new well. The results of the new well will be known in 2021.
So IMO the most important step is to establish a steady sustainable production schedule. And also to declare that they have a technical understanding of the reservoirs. Hopefully this will happen in September.
About the debt I am not worry too much as long there is an approved production schedule.