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Guess you feel this statement is not optimistic...."We are now talking to several large international oil companies and this current debate has been so far very successful and so we hope to give investors good news very soon".......sorry about that.
It appears from the rather optimistic news presented by HRT this Friday it was time for the shorters to start getting out. I believe it was highly anticipated the share price would drop after the RS. The share price has stayed "relatively" stable. If you recall shorters were the heavy buyers just before the RS.
You may have to call your brokerage company and request any restrictions on HRTPD be corrected for you to purchase. HRTPD is the correct call letters. I just did this with Etrade about 5 minutes ago.
Some PR........hopefully positive.........would be a good thing right now especially after this reverse stock split this week!!!!
Van, I agree the share positions will be a telling release. If the previous major holders kept or added to their positions, this will bode well for the longer term life of HRT. If their positions decreased then I take this for some real concern about the life of HRT.
I also believe the share positions will show the major holder are still there and did not take the loss of selling.
I an very curious to see how they reacted to the recent series of failures to find commercial oil in Namibia.
Fingers crossed they stayed.
I guess most of you like myself got hit with an ADR for from the holding company of HRTPY America stock. The holding fee was .02 cents/ share. I felt a pretty high fee for such a low priced stock. Has this fee been only once a year. With my 260k shares it added up to near $5k....everyone having thethe same experience....with this cash call?
The market seems to have lost faith in HRT. No IR news of progress on any exploration or development front is allowing the market to fall to lower and lower positions. I also must say my optimism has started to dwindle over the past several days. The prior low PPS will be reached here shortly.
Has anyone heard if MM will be at the Agora conference?
I really believe this is good that the share ownership's did not change. It would affirm no information leaked out about the current well drill. Fridays sell down IMO was the selling shorter traders getting out before an announcement is made. It is exactly how you would expect the market to react. The trading was way to low for a leak of information either positive or negative. I have been telling myself the week of July 14-20 was to be big and it is setting up for this scenario. A lot of information has been circulating this past week and I still want to place hope in cheshire10baggers rumor. It sound like HRT has additional information and is close to making some announcement. The other thing is the Murombe well is no where close to depth. I really wonder if the volatility will be happening, its going to either be an up or down slope. Thanks for all your posts!!!!! I keep one screen up at work with just this boards page open!!!!
This board appears to be an optimistic longer term group. Yes, most if not all of us, sorry for speaking for the group, are hoping for the short term bagger gain but this group seems to not be a group of selling shorters. Thus there seems to be more attention and hopefulness to the PPS rise. I do hope you are reading all the great information being pulled from multiple sites.
Sell now...........take the loss before the results are released/leaked for the Murombe well. IMO, I feel you will be sorry you did . There is still a good amount of exploration to be done this year with a planned two more wells. The PPS will be ALL over the place.
In the HRT Instructional Presentation on their web site they state and show the Planned Murombe Well would be drilled to a 5000-5200 meter depth. A well formation section is included which shows the proposed well going through the Sivaradi formation......I feel this depth is the planned well depth.
Cheshire's rumor was written on June 30th and there has been nothing to legitimize his claim. Since this post he has made no further comments which I know of. I would put no value to his rumor at this time. As much as I want to believe it and hope it is true, nothing has happened to support it in an way. I do keep asking why he posted this rumor, what was the purpose.
I compare it to an "Urban Legend", no facts, no names and do not ask me any questions for details.
cheshire10bagger
today 07:08
Re: Hrt has hit commercial hydrocarbons
"This is anecdotal evidence - ie I was told by someone today - they are senior in the oil industry, their company (a super major) holds acreage in our territories. They did not know I hold shares in char or hrt. I have known the individual for 15 years.
Don't ask me anymore because I don't know.
My rationale for posting is to let long term holders know.
It is oil not gas."
I also almost say with 100% certainty an information leak will not come from the drilling platform. I had a friend while I lived in Houston who worked on a drilling platform offshore. They were drilled on that they take no information of what happen offshore on to shore. They were told no information is discussed and that means with a spouse. It was like, you leak any information and we track it back to you, you will be fired and we will label you as such and make finding a job difficult if not impossible.
I dearly hope this "rumor" has some validity
I do feel though HRT would no matter what they find, "complete" this well to its planned depth. There is really no reason to stop short of it desired depth. HRT chose this location so it could test and analysis three potential formations. Finding OIL does not complete this exploratory goal. All drilling ahead of schedule and under budget means, is the drilling platform has had no major problems and drilling daily depths have progressed better than expected.......period.
It will be interesting to hear from HRT if there are any drilling well plan changes,ie. such as installing casing. If the well is commercial than it would likely be cased to (1) one formation level, plugged below this formation level and then plugged again above this level. The blow-out lower half is left in place for a future production rig to come over and complete it. Possibly not even this year or next year. Typical deep platforms are already leased out for a year of better in advance plus there is no means to transport the oil.
There are a couple of different ways to read between the HRT information release notes.....Still being an optimist, a oil HIT would change all of HRT's future exploration budgets thus a new strategic planning committee. Proceed with the next two planned exploration wells and also start the planning of the development and drilling of new well projects for know production...........stop where you have no or little success and build a production program. To build an exploration program you need money......lot of money!
IMO, if HRT finds OIL on this well the trading action will be in the millions of shares. Van posted a bulletin concerning a possible hostile trade take over. With HRT priced below cash, I think this is a real possibility. An information leak of oil on this well, and someone might take a controlling stock shot at HRT
Could you post the link you are watching for the Bovespa trading
WOW......some news.........any news........so quiet on all fronts!!!!!
Absolutely no trading volume today, guess everyone is watching, waiting and listening for any news. I am doing all of the above with my fingers crossed.
Thanks for sending off the question to HRT and its well completion. Basically these (4) are exactly as they are described, Exploratory wells. They are trying to find an asset, oil. Our stock will rise for the asset find not the actual amount of barrels of oil produced. HRT will then develop an entirely new develop well program with the information they have obtained. Just the logistics of get any discovered oil out of the ground, into a collection system,and transported to some on shore facility for redistribution may take years to develop. I have never seen a far reaching oil management plan from HRT with all the , if oil is discovered. I can only imagine the farm outs and activity level if HRT does find oil.
This "well completion" time frame make sense if the well was being drilled FOR production. It is my understanding these first (4) wells still are being drilled as Exploration Wells and not as production wells. I have never read in any HRT information an OIL find would take an exploration well into a production well completion program. If OIL is found at "commercial quantities" then a new entirely separate drilling program will be planned. HRT could actually just sell the estimated commercial quantities without actually producing a single barrel of oil...though they do seem to want to now be producers with the recent BP purchase
HRT stated that no matter the result of Wingat the well would be plugged and was not intended to be placed into production. There was rumors of casing going out to the well..........this would not be the case for an exploratory well no matter if commercial quantities of oil was found.
True or not?????
Just hate it when I see someone sells 185K of shares....what do they know?
Hopefully some good results, if HRT decides to release any information, due around June 22nd on the Baobab formation will stop this downward slid. I would imagine from a PR standpoint, HRT would want to release some good news instead of all the negative it has suffered over the past couple of months............me being hopeful though....I still feel it will take a lot of positive things happening for HRT to raise much over a $1/share. .Everyday just keeps hurting a little bit more right now.
The location graphic with this new release shows the MUROMBE-1 prospect to the west of Wingat-1. The release say to the east. I thought it was to the east.......towards the coastline.
WAG, for a deep off shore well, like Murombe, to be deemed 'commercial", what would the anticipated production of the well have to be?
I look at my HRT stock as a long term investment position, I would drive myself crazy if I were to emotionally react to a daily up or down movement in the share value. All I can say about the 217K sale is someone took a loss.....maybe a big one. HRT is not a one hole strike OIL and get rich investment. It will take continued positive ventures, profitable quarters and some proven leadership. Success at Murombe will not propel HRT into some lofty position but is as small step in the right direction. Though Wingat was a non-commercial well is very much a step in the right direction.
HRT seems to be publicly pretty quite right now and I really wonder why. PR also drives investment.
I will continue to divert all my "extra" money's in to this stock.
Your are the optimist...... What disappointing news…………Both dusters!
I still wonder what all the CEO and BofD shake-up was about.
I have search all over and can not find any new information about HRT and any PR. Again they seem to be the contrarian in the way they are handling the release of information. I just keep asking......why!! What's up!
The market is just lacking any news or story beside a changing BODirectors. I really feel some positive statement from HRT about its changed BOD, why this happened and updates on the two drilling projects will create a bit of a stock surge. No news just worries the stock market as well as myself. I think it was you who said, the market loves new.............we are seeing none.
My dad is 85 and been in the oil business his entire life, and I am only a dabbler in his world. I have tried to keep him informed of the play (risk) I am making with HRT. Over the last week he just keeps looking at me and shaking him head in bewilderment as I tell him what has happened each day. We both, like this post board can only make guesses of what is happening behind the HRT closed doors. One day we seem to be optimistic and the next more pessimistic about our interpretations of the little information that is being captured. There has got to be some very busy people at HRT and they have been withholding all the REAL information for a reason(s). I just have a feeling this story will break open any time. We are both mystified at the total lack of announcements from HRT.
Well you are seeing your .79cent/share threshold....I am baffled by what I am seeing with this company. Its like doing everything opposite of what I have seen before!
Am I correct? The Marianas platform can not be move until the well is cased? Logging and evaluation of the well can take considerable time before the decision to drop casing is made. One of the posts yesterday made a reference to the platform moving on to the next location with great optimism. Is they are other news on casing delivery or platform movement.
Just went in for another $30K........wish I knew more about what is really gone on internally and out in the field but its seems like basement time........what a ride on the resignations this week. I am still feeling optimistic.
Can anyone shed some light on what just went on today with HRT today. With Mello's resignation and a jump in the stocks value. How can someone resign with so much exploration activity on-going and the company at its possible turning point. I am taking this resignation as bad news for HRT..any other thoughts ?
Looks to have been 5-6 major purchases..........Monday will be very interesting!!!!
There just has to be a leak of news for this kind of activity. Anyone have any knowledge......or.....rumors!
The Namibian Sun Article article mentions 18 dry holes in the area. Can anybody post a map of these locations in respect to Wingat
Van & John, a lot of us small investors, of which I am one, are watching posts closely, please keep updating posts as you capture any current information...greatly appreciated by all.