So nothing has changed from where we were 7 months ago.
The rns did not tell us anything we do not already know.Prepare for a very long wait.The terms HUR will be looking for will be extremely disconnected from what a partner will be offering.A potential partner will know HUR can not do anything without huge investment so will be offering the poorest terms as they have them bent over a barrel.The other option is HUR goes down the massive dilution route with a discounted placing.Both are not good for holders with high averages as dilution could mean almost 1.5 billion shares in issue and a poor farmout could even mean losing 70% of the oil.Not a position of strength is it?
and back down again we go give it a couple of days
Next year hopefully will be better on HUR as nothing is going to happen this year people can fantasise all they like but it will make no difference and with Iran soon to be flooding the oil market i cant see the price of oil being any higher than it is now.In fact around $50 would be good considering
Nothing will happen here until next year i would have thought and with a possible second independence referendum in Scotland the uncertainty over it will not have a positive effect on North Sea investment
with the snp expected to do well in the elections and rumours that they will push for another independence referendum.I would expect anyone with investments in the al;ready expensive North Sea will be getting very nervous.It is worth taking note of that.
Could be a discounted placing to come here i think.
The stories and lengths some people will go to just to get their cash out of shares.No thought for suckers buying onto their lies and deceit!
If you look at XEL which are at a far advanced stage than HUR it makes you wonder how long this will stagnate.This could take many years as it certainly looks like the majors are not interested in the expensive North Sea.