Member Info for Bridgedogg1

Amen

Planning for new wells delayed by SCC because the applications were incomplete and incorrect (read incompetent).
Why haven’t we been told about rig contract, due to be signed last week? If the rig is coming down to HH surely the guys and girls on the ground need to know where it’s headed next?
Why hasn’t the test production been switched to Kim already?
Yes there is a lot going on: rework of the planning application, earning report due 28th June, contracts to sign, drills to plan, projects to manage, £3.5m to spend. without communication uncertainty prevails. No good for the SP.
These are all things that SS should have reasonably informed us on. Maybe he doesn’t want to spend 2k a day on updates but these aren’t minor things - of are they? Maybe I’ve lost perspective. Wish I could turn off and not worry about it until the next update.

Should all come good and we will probably get an RNS stating rig on site etc. The eyes on the ground will tell us where the rig is heading before SS does at this rate.

Hurricane is a real success story. Been following it for ages but neverr made much in it. Still has huge potential even at 1b mcap

Life in the Bush - just too many jokes to be had

Hopefully some large BUYs at the close, could be interesting considering ASX angle.

Agree Heid, the points you raised need addressing now.

No need to get too bogged down with this, it will come eventually. In the meantime 2 horizontal wells to be spudded in the next few weeks with associated news flow on testing. Increased EWT output from Kim. We have a lit going on, a few months delay for the applications of future drills may not have even impacted the planned drill date for those drills.

SCC:
All planning applications should be determined as quickly as possible and within statutory timescales unless a longer period has been agreed by the applicant in writing. In this case, the applicant has agreed to an extension of the determination period. This is a major planning application and specialist technical consultees raised issues that required further work from the applicant. This then resulted in a further round of consultation and publicity which has delayed the determination of the application. This delay has been for entirely technical reasons and is not unusual in respect of major planning applications.

The conventional prospective resource at Project Icewine was further upgraded to 2,896 MMBO mean gross prospective resource (2,211 MMBO net to 88E);

Updated rock trending models underpinning the 3D seismic inversion products highlight better than expected reservoir quality potential within the Torok Formation;

The 3D inversion dataset has allowed prediction of hydrocarbon saturation in the shallow Schrader Topset sequences as well as predicting where best reservoir quality is likely to be encountered in both the Schrader and deeper Torok sequences. Significantly, oil saturated sandstones in each of these sequences have been penetrated by historic wells (Malguk#1:1991 and Heavenly#1: 2002) on the Project Icewine acreage, and tie to several mapped geobodies and on this basis are considered discoveries.

The Company is seeking to attract a farminee to fund and participate in the exploration and appraisal drilling of the significant prospectivity delineated on the Western Play Fairway and to further the exploration effort on the Central and Eastern Leases.

Some of the largest prospects (Gross Mean Barrels of Oil)

WESTERN PLAY
Stellar Prospect/Discovery (stacked) 639m
Lima Discovery/ Prospect (stacked) 376m
Indigo Discovery 374m
Victor Prospect (stacked) 328m
Charlie Prospect 210m
Bravo Prospect 160m

CENTRAL PLAY FAIRWAY:
Echo Lead 162m

EASTERN PLAY FAIRWAY:
Alpha Lead 91m

2018 - Multiple high-calibre parties active in the dataroom;
The deadline for bids extended to end January due to demand from multiple parties
After consideration, a preferred bidder was selected by the Company in March 2019;
May 2019: Final decision on approval scheduled for June

There was originally a possibility that this drill was moved forward to January 2019. When this didnt materialise I wonder is SS thought it a good opportunity to carry out back to back drilling for the planned 4 wells. If the planning application allows at least. Might be a reason for the delay in the Q2 deadline. Lots of external factors at play. HSould all come good and be revealed soon IMO

GLA

Once a large oil company takes control of these assets its going to be a game changer. Infrastructure is on the doorstep. They will want to drill as soon and as much as possible. We will just sit back and wait for the updates from the controlling partner. Amazing. If its a smaller company they it may take longer but with the say targeted outcome.
Meanwhile HRZ, the jewel in the crown will be well on the way to the same outcome.
That will give us time and cash to partner with someone, probably on a more equal cost/profit - risk/reward basis to prove up Yukon, probably retaining control of the asset.

All IMO but i think this will be TRANSFORMATIONAL for the company, a real turning point.

This week or next and exciting times ahead.

A Boomage

Re announcement, there may be some mixups down the road but I’m pretty sure the announcement will be coordinated in some way depending on the FO partner exchange.

I speculated in shell about a month ago, as did others.
Let’s just raise 20m and do it ourselves. One more roll of the dice. Win or bust.
I think CP are setting themselves up to be a big player in the north slope, plenty of synergies to be had with new acquisitions.

Yes but the delays to date havent been acceptable. We should be drillinh 7 wells shortly, not just 2 wells.

Guidance from Gov is clear.

They have to let the application through but they dont want to upset NIMBYs so they keep putting the decision back
10 Jul 2019 10.30 am
19 Jun 2019 10.30 am - CANCELLED
22 May 2019 10.30 am - CANCELLED
17 Apr 2019 10.30 am - CANCELLED
20 Mar 2019 10.30 am - Agenda

I suggest shareholders, as energy consumers and residents of UK submit there own comments on the planning application and don't allow unrepresentative, uninformed special interest groups to delay the realisation of this national asset.

https://planning.surreycc.gov.uk/plancomment.aspx?AppNo=SCC%20Ref%202018/0152

PLANNING AND REGULATORY COMMITTEE
*Mr Tim Hall (Chairman)
*Mr Matt Furniss (Vice-Chairman)
*Mrs Natalie Bramhall
*Mr Stephen Cooksey
*Mr Edward Hawkins
*Mr Ernest Mallett MBE
*Dr Andrew Povey
*Mrs Penny Rivers
*Mr Keith Taylor
*Mrs Rose Thorn
Mrs Mary Angell

I have also submitted a complaint here: https://www.surreycc.gov.uk/council-and-democracy/contact-us/complaints-comments-and-compliments/all-other-council-services/how-to-make-a-complaint

and emailed central government office to raise concerns here:
pas@local.gov.uk
enquiries@beis.gov.uk
chris.skidmore.mp@parliament.uk
gregclarkmp@parliament.uk
kelly.tolhurst.mp@parliament.uk

Maybe this will be the last time we are under 1p

Still no news. ASX flat overnight. Recovery? Drift? Drop? You choose.

Poor

Meh just felt we were building a nice little rise in over time and today was annoying, anticipation turning to frustration. It’s wasn’t much in value terms but feel the drift starting...
Hopefully something good soon

Brutal day, just felt painful. Need to turn off til news but just can’t seem to do it.
GLA

Same quantity sell and buy in the last half hour after lie volume, MM trades IMO for whatever reason.

We are funded for our share of the drill. HHDL make the cash call and we provide the funds when required. If we hold it, which we do, we need to send it to HHDL which is a separate entity.

QWERTY that is a seriously low intelligence deramp. Try harder. Most people investing here have a small knowledge of the economy, oil and gas industry and AIM investing.