Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
You are probably right. But I'll check in on Monday anyway. Bit like Mtfb; have you seen what's going on there?
I'm in. Good advice Mark, many thanks
It's starting to look to me as though somebody is in the know again, before us. I wonder what will drop on Monday?
...Sailplane & Foresight, many thanks for your answers, and others for their contributions too. I can't say I understand it all but I will be a happy bunny once I hear that the water cuts stabilise or reduce, as opposed to increase. I am in here deeper than the wells so not going anywhere soon.
I didn't mean to imply anything specific, obviously Hur know far better than anyone else what the source of the water is and as others here have mentioned, the amount of water we are talking about is basically, minimal & apparently is not problematic. I just wonder how they know that water isn't seeping into the 'perch' from elsewhere & if this has anything to do with the recent departure of a certain Dr. Trice?
... and if it is perched (trapped) water being produced, why should the production rate increase as we go along? I would have expected it to remain constant or start to reduce as more and more is removed???
Naturally (as per Manuel), I know nothing, but, IF either or both wells were to be actually drawing from 'the aquifier' :-
1 - are we producing enough water to qualify that?
2 - Is the rate of increased water cut increasing fast enough to confirm it?
3 - I assume that the use of an esp would make no difference to the amount of water produced?
Where do I buy these ADUK shares? I can't find them anywhere and they appear to be much more popular than Hurricane Energy....
Many thanks for what you have achieved Dr. Trice. I, for one, appreciate all you have done for us. Without you, none of us would have been here.
What are the chances we wake up one morning to find this de-listed???
I, for one, will be voting them OUT! Even JC would do a better job than this lot...
Concerning the latest ongoing HUR drilling, if we were to see the share price gradually falling pre-RNS should we assume that there is bad news coming or, could it be that the MM's are walking the price down for the Big Boys to buy in on the cheap or should we expect something else? I'd appreciate any of your opinions on this.
On the other hand, If the price were to gradually rise can we assume there will be (only) good news ahead???
Come on Opti, pull your finger out. I had been looking forward to a share price of 150p by now, not 50 !!! And I would like to be back in the green here before Chrismas please (not that I need 150 for that but that would of course be splendid).
Many thanks to all on this forum for your invaluable help and advice on this and other topics.
Just wondering though, if any of you had deep enough pockets would you take over the company, and if so, why?
Many thanks for your answer Biffadog. I realise HUR will keep the lion's share of the earnings but they do take ALL of the risks. That's what a potential buyer would be buying into so, I presume that's why we don't have a buyer yet. Simply put, once the earnings/risks ratio tips in our favour......
Earnings are quantified, risks??? I suppose that's why the share price is where it is now & not much higher?
Could somebody explain to me why a major might want to buy HUR out?
I thought circa 450kbo were now being sold on a regular basis, to BP? As long as that remains the case that just means BP gets this oil (and more as it becomes available) totally risk free. If FB problems were to arise in the future, HUR would take the hit. A BP buyout might reduce their cost for this oil a wee bit, but the risk??? What would be the motivation for them or any other major to look at this any differently at this time?
(As you can see Manuel, "I know nothing" - Obviously from Barcelona)