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https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1072674/20220430_SoS_to_OG.pdf

I can only assume you've all gone off to leave no stone unturned in your quest for these important questions.......

So we've handed back the Lincoln licence even though that was the only commercially viable drill of the last (3x drill )campaign. Why have HUR kept the Warwick licence when there was no success there? and if HUR see a future on Warwick will Spirit still have the option to be involved?

Sorry, beginning "The fund has a track record"

Might I draw your attention to paragraph 4 of the link for comment (beginning "The fund"), I note the word "targeting"

https://www.lse.co.uk/rns/CRS/update-re-proposals-following-continuation-vote-m6id39wurxobmd2.html

Hi Simple. Yep, I would totally agree with what you've stated, Chaffe looks like a youngish man who wouldn't want a black mark against his name.
I actually thought he presented his portion very well, much better than the previous incumbent (who's name escapes me, he was THAT impressive).

Hi Ron. Funny enough I see it as the pole opposite, particularly as the company is starting to generate positive funds. I think they will do their utmost to present a killer forward plan either at or prior to the next AGM.
That doesn't mean I think they should remain but as has been often said, that's more in CA's gift than ours.

https://www.reuters.com/business/autos-transportation/volkswagen-bp-ceos-weigh-expanding-e-car-charging-alliance-other-regions-2022-04-28/

High Dive, I completely concur and did say that Chaffe was much more focused and clear than Maris. Truthfully, I wanted to hate them both but by the end had been somewhat turned.

I thought both Maris and Chaffe spoke very well, Chaffe in particular was very clear as to our current position and vision looking forward. It did make me smile how he hurried past the $17m spent (and wasted) on the HUR review.
Very little in buys V sales today, I have to admit I was expecting a more positive reaction in our SP, perhaps people are waiting on the next two lifts and final confirmation of bonds being paid off.
I'm very happy to hold with current information and a bit excited to hear whatever the potential diversification may bring

I think we're currently in the black by around $27m, with the next lift due around the 20th May. Depends on oil price (of course) but we could have $69m by end of May............
I'm surprised we're so quiet here today, perhaps everyone's pent up for tomorrow?

https://www.biospace.com/article/futura-files-for-further-pre-submission-meeting-with-the-fda-following-receipt-of-its-phase-3-clinical-study-report/

Hi G. If you look at RNS' from April 19 onwards that will better answer your question.....Potted version 2x Warwick a no go, whereas the Lincoln Crestel was successful but for unknown reasons plugged and abandoned ???????????

From what I recall, Spirit fully funded the last program of 3x drills, any future drills would be 50:50 split on costs and HUR simply didn't have the funds for their side, now of course this situation is improving with us now moving into surplus money.

Hi Gloucester. I wonder if that's why there's an "up front" payment agreement with BP to forward plan further works with Spirit before June deadline?

Hi Gloucester. They've talked about 96% uptime (ish), so with 52 weeks per year would that equate to around 8 days?

I'm surprised this hasn't moved up more when you look at the buy/sale ratio

This is the way I’ve interpreted and calculated:
28th Feb $71m less $9.4m set aside for AK decommissioning (If required) = $61.6m
HUR state NET revenue of $60.5m from last lift (I would have called it GROSS as it’s less opex of around $28pb), therefore I think our NET would be $46m from that lift.
So, $61.6m + $46m = $107.6m, with $78.5 due to bondholders end of July = $29.1m currently FREE NET cash.
Another two lifts between now and end of July, we could be sitting on $100/$110m by then? Or around 50% of our current market cap.

Well put 0161. News regarding Spirit Energy's position would be welcome, future drills on Halifax or Lincoln in conjunction with them would mean the costs met 50:50, although of course any resources found are also split.

I notice that CA have notified their reduced holding in Equals group by 3%