Member Info for Wulbert

Thanks PC01. That's a very useful summary.

"God that makes me think, how would our 'Snowflake Young' of today have coped?"

I reckon they would manage to rise to the occasion, just as our forebears did. Human beings ain't changed much in 70 years. "Cometh the hour, cometh the man".

Oh...so "RT" = Rem Trader.

Here was me thinking it was shorthand for "Robert Trice". Posts making more sense now! Silly me.

Thank you for all the replies re; system pressure. To me those figures are simply mind boggling! Serious respect for the kit used and those who operate it. Big boys ( & girls) toys indeed.

Out of curiosity, what kind of pressures are we looking at for the well head and pipework etc?

Clearly it will vary widely from well to well and over time etc, but just curious about the order of magnitude.

"...insight into HOW our operations..."

I'm very grateful to those knowledgable posters on here giving me some insight into our operations are likely being conducted. Both reassuring and interesting.

( I did my bit for the SP by selling a wee chunk, at a 2% loss, yesterday, in order to fund some new equipment. Never fails to make the SP rise. )

Jeez Daltry, sorry if I've offended you!

My post was actually intended as gentle jibe at Salarman and his recollection of thrupenny shares. And also a gentle message to you, and myself & others, not to be too hard on ourselves when our share dealing doesn't go as planned.

It's hard to communicate with nuance on these boards and I shall not try in future. I didn't actually think you had a M. shares and I've no interest in your holding. A bad idea to post a comment like that on a B. board though, point taken.

Anyway, not to worry...the sun's out, it's warm and today is a BBQ & beer day. Have a good weekend.

Salarman said: " I have been in here since day one. Shares were issued at I recall 3p each..."

Daltry said: "I also have been in since day 1. I bought £30K worth."

If Salarman is recalling correctly Daltry, you have a million shares, with a profit of over £400k. Surely "her indoors" would be fairly pleased with that wee windfall? Be nice to round it up to a million quid's worth, but you've not been too shabby in picking shares so far. You should have earned a few brownie points by now, I reckon.

Down 0.7% over the day. A bit of a scunner. The SP has only risen above my average on a few exciting occasions when I thought "this is it, here we go!" "Men make plans, God laughs" as the old proverb has it.

This post hook-up interlude reminds me of the period following the AM finally sailing off from Dubai. The price rose a bit and then went down. The previously theoretical threats of pirates, vessel malfunctions, shipwreck etc suddenly became very immediate.
Perhaps the same mechanism at play now? The risks of unexpected problems are immediate (as is potential success) and "shit just got real". Make or break, double or quits, place your bets etc. I imagine lots of players with their irons temporarily pulled out of the fire, awaiting any news.

Not an answer, but another question from me. It's something that I've wondered from time to time (but not asked for fear of being called a gloom - monger); Just how personal or begrudging is the UK oil & gas industry?

If an "upstart" like Dr T. comes along with a "new" concept and then starts to make headway, would others in O&G close ranks and try to see that co. fail ? We had the "buyer's strike" (real or imagined?) but would the major co.s be willing to wait indefinitely to hope that a smaller company runs out of capital or has to come to them with a begging bowl?

I don't imagine the UK Gov. who own the oil, would tolerate any kind of "go-slow" or foot dragging by the industry at large. Surely they have a big stick to wield at some point?

I suppose what I'm really asking is; are we expecting business as usual here, or are HUR lined up for a particularly harsh time from bigger figures who may have been proved wrong?

Re: Our recent unofficial AGM. Can I suggest a belated vote of thanks to Marine Traffic and Vessel Finder both?

For making the ownership of HUR shares that wee bit more interesting and providing a real-time view of the action many miles away in the stormy seas. (Even if it can, sometimes develop into an unhealthy obsession)

So, given the number of, seemingly reasonable, posters on here who reckon that AIM is a manipulated market, and a common view that our SP "should" be nearer 70p - 80p by now, does this mean that LTH's like me (with an average of 46 ish pence) are never really going to enjoy a decent pay day from HUR?

I mean, if every milestone and subsequent rise in SP is always "sold into" and "profits taken", am I a mug for just holding on and waiting for £1 or so?

I was always duff at numerical analysis so I'm struggling to figure this out (Peroni & Chianti not helping) but if folks keep sucking the gravy out this share, will it ever achieve it's potential? Surely all those profits taken must ultimately come from someone's purse at the end of the day? (mine?)

Will it take a game changing event, like actual oil sales and positive cash flow, to move the SP into a different context where it's value is hard-wired in and becomes consolidated?

( I'm not knocking those who trade. "Chacun a son gout" and all that. I even netted 900 "free shares" ( copyright "The Street) myself by selling a few at 49p and buying back at a "bargain bucket" ( I thought) 46p. Only because I thought it might be a wee buffer against the inevitable drop which follows any HUR rise)

Escargot, you have my sympathy re; your losses on JOG .

Not a nice feeling, usually made worse because as well as losing cash, one can feel a bit daft too. Don't take it to heart. I've lost count of the number of times I've gone from arsehole to hero and back again in 24 hrs as the market makes a monkey of me.

As AduK says; a roof over your head, decent health & some friends to share a drink with and you are a wealthy man.

I'm another one "Not really getting" the SP.

If you'd told me in early 2017, when I first bought HUR, that two years down the line I'd be sitting on a small loss, patiently waiting for good news I'd have thought you were daft or I had made a grave error.

I think my view of the stock market and my "buy & hold" strategy is well out of date. Shares now seem just a vehicle for day trading, the whole point being to latch onto a share that goes safely up and down within a predictable range, watch a screen all day and surf the sine wave. Short term-ism rules the land

Still... better things to come.

Excellent presentation. Thanks SiPP & D.uK for links to the slides & accompanying commentary, it really helped to bring the project to life and explain what is happening.
Even for an ignoramus like me, it lays out where we are and where we are going very clearly. Excellent graphics too, someone knows their stuff. Good to hear Trice (very gently) banging the HUR drum at last.

It made me realise, just as I was getting weary of the low SP, just how very, very big this enterprise could grow. I'd got a bit fixated on the Lancaster hook up and seen it as an end-game of sorts. Not sure why. I now see ( to paraphrase old Winston) that we are not at the end, not even at the beginning of the end, but we may be at the end of the beginning.

Longwait: "Are you by any chance Scottish, Wulbert?"

I am, well spotted. Seems there's a few on here. You picked an appropriate name as a HUR investor, Longwait !

O/T

Adoubleuk: Re; Lake Peigneur Accident: "A great example of things going REALLY wrong."

Yes indeed. What a mess. Texaco, of course, weathered the incident but I suspect the salt-mining business was dissolved. Boom tsshhh

FFS! Just in from work to see I'm in the red again.

To all those "taking profits" and wangling "free shares": Goanny no' dae that?

Might be a dumb question, but when is tax paid on our oil? At which point in the chain does HMRC take their cut?

Is oil allowed to "rest" tax free in FPSO's tanks, like whisky in a bonded warehouse