Member Info for D14M0ND

https://itportal.ogauthority.co.uk/information/licence_reports/offshorebylicence.html

Go down to P2248 - all clear what is known and available to the public

Wonder why True have withdrawn these additional wells on sections 15,16?

So another positive for ED disappearedand sections, 31,32,33,34 not imminent at all.

Great research substp which I have recommended. A bit weird when you do the research and not acknowledged by others when some rubbish posts get multiples of recs. Strange world but am sure some bullish views will twist this as positive

Funny how the rampers attack those who disagree with their lofty predictions. They cannot back up their arguments with a rational discussion, so they resort to petty name calling and telling others who disagree with them that they are "full of it."

Several on here by the looks of it

Clearly there have been some large sells with a few investors getting fed up with another large sell early this morning.

I am a little unsure if another RNS will be issued regarding the IP but feel more unlikely than likely. So need further news in other projects.

Without news, the SP could drop a little to about 11p over the next week to hit the short term uptrend line - time will tell

Halliburton are trying to sell their services to their clients so the report was written by Halliburton for the benefit of Halliburton.

But the report says “The resultant production gain proved to the client that this field was not marginal and was worth further development.”

So “worth further development”. These wells last for 20 years plus and so you cannot say it is proved on just 5 months production. It is still a forecast and overall, well A may overtake well B over the 20 years period and hence the report says “worth further development.”

Another poster that understands in his eyes exactly what is written in his view but it is as a biased report and never fully understands why the report has been written this way. I suppose you like reading report from their own broker saying the company is worth x pence.

Well the graph shows that production in well B is well below well A by managing the drawdown pressure for the first 150 days so the first 5 months. So hopefully HNR have also taken into account this lower revenue from ED will still cover the overheads. But I suppose the water and $8k fertiliser test will cover the difference?

What is so funny though, after 150 days the graph just shows a forecast so again no proven. So NO Fadec, it hasn’t been proved.

Guesstimate blacksheep15 - why?

Posted the reality several times over the last 12 months and several times over this week - over 16% - no need to guess as taken from the COGCC production volume to save you the trouble.

Now looking at Wildhorse and Powell production in the first 6 months, this is the oil output combined for the 2 wells

Month 1 - 41,366
Month 2 - 34,439 (should be 35,161 at 15%)
Month 3 - 27,588 (should be 29,887 at 15%)
Month 4 - 24,281 (should be 25,404 at 15%)
Month 5 - 19,655 (should be 21,593 at 15%)
Month 6 - 16,971 (should be 18,354 at 15%)

But I agree, there is not sufficient info to clarify it but many were quoting $6m - $8m per year - what tripe!! Hence my posts explains it is likely to be around £2m for the year currently based on the info that is available.

Funny though, although the choke has to be opened and to extend the revenue for the wells, has this ever been proved? All taking every word as gospel but do not react to that or there will be loads of posts from many explaining the many items that never happened :)

Monday’s posts BH is you wish to check.

RKBeekeeper said $7m revenue for the first 12 months (deleted)
Hobione saying $8m per year at 7.08am
MrBeaky saying $7m at 7.08am
Rugby2015 saying $4m (conservative) at 7.27am
OneStraighGuy1 saying $6.3m (less taxes so $5m) at 7.44am

And others but several were deleted. No comments from HopefulDave, Fadec, blacksheep15 or BlackHopper to put these figures correct. Why?

So my post was not BS was it BH - oh well, keep dreaming away like many bullish posters that only post what they wish to be seen and keep the rest to themselves while they trade this behind the scenes and take money off the inexperienced. At least I am upfront with my comments whatever the overall view of other posters think of me. Makes no difference to me whatsoever.

Even when I was invested I was disliked on multiple occasions for my negatives views. Very similar to many views about JJAL. At least he is upfront and honest about his views and shares his views whether positive or negative. Personally think he is the most genuine person on here who thinks of others. It is the bullish views that look after themselves and hence why I post and clarify the rubbish that is posted

My point BH is the yearly figure is not $6m or $7m. I have also stated these figures will rise BUT the reality is the yearly revenue is about £2m but you keep bashing away - many will see the bull that has been posted of which you are one of many.

Still I remember the figure of £2m based on $58 wti rate average over the year - you keep looking at the $6m or $7m that is so far out is unbelievable. If this is the case, HNR made such a mess of Wildhorse and Powell which clearly shows they sold their stake at such a low price - cannot have it both ways.

Looking forward to reminding you of this in 12 months time

Such a shame many posts deleted - very similar to yesterday but the useful posts were deleted and not the uninformed views of some investors here.

Many know about the 20% royalty has to be paid first by True for the oil production to the state of Colorado. Only then are the 80% net figure distributed into the ED partners percentage terms.

This is against the figures from many quoted yesterday which showed the revenue received by HNR was 25% higher than what they will receive.

Let us assume 4,600boepd are produced for the first 30 days.

This gives 4,600 x $55 x 30 days x 0.8 (royalty) x 0.075 = $455,400 which is £350k.

This is based on $55 and not $50 and shows an increase for the first month where I used RKB figures so I thought I would start from scratch.

Clearly this figure should go up but just based on how Wildhorse and Powell performed will show a yearly revenue from these 8 wells of £1.91m.

Hope this helps a few like JBatch.

Funny how the posters with bullish views know these figures quoted by others were totally inaccurate here and on twitter but keeping perfectly stum. Why - because it suits their agenda and hence the few that are bearish clarify the inaccuracies used and why. The odd one does vear away from this and keeps quoting water and the fertiliser trial. Oh and then Argon, Nitrogen etc etc - all yet to be proven the full potential of these.

But the story was purely about the RNS yesterday which was just ED - let us see how production develops over the next few months.

Oh dear Radds - another investor that is a little short on knowledge - This isn’t tax to be paid by HNR you fool

This is the tax paid to the state by True on the output before the net 80% is distributed to the partners ED.

You carry on making a fool of yourself Radds with your childish name calling and ridiculous posts - just brings down the quality of the board and doesn’t help the current investors like yourself.

So let us discuss the company and not personal issues.

HD - I was not suggesting to everyone to wait until the share re-rates on the back of a substantial deal involving Kansas, and then buy it?

More news is required on other projects to justify any advance in the SP which I have pointed out on several occasions - in other words - Kansas.

Jbatch

The figures are RKBeekeepers figures where I modified them to take into account the taxes and reduction in flow rates per month as I pointed out in my previous post which RKB seem to completely miss. These include the gas sales but exclude the much smaller water sales.

I think you need to look at my post at 15.30 which is the actual flow rates for Powell and Wildhorse for 6 months shows the reduction of over 16% per month. What else do you need?

I think you are missing this loss in production per month which is the major issue and is why you think it will produce revenue of 5m (£ or $ is unclear from your post) when actually this will only generate revenue of £2m for the first 12 months.

These views are just discussing the current 8 wells as per the RNS and nothing to do with the potential of 4 new wells, or the additional wells that may create revenue in the future from sections 31,32 or 33,34.

Clearly as I pointed out earlier, these are a free carry but the point was about the revenue created which by the sounds of your post and others, many are completely misunderstanding the potential revenue from the current 8 wells. Around £2m and not $6m or $7m as many incorrectly seem to believe. But I suppose the MCap and the spike today where it ended in the red just goes to show the misunderstandings here.

This news was and has been fully expected for 9 months and currently well over 20% less for the new 6 wells expected but at a smaller choke which could push it back to the expected flow rates achieved by Wildhorse and Powell.

But as JJAL pointed out earlier, this is the only major revenue currently for HNR and without any further news, there is no reason to buy bearing in mind the current cash position and current MCap is still high (while still loss making or possibly close to breakeven for this year.)

More news is required on other projects to justify any advance in the SP which I have pointed out on several occasions - in other words - Kansas.

Well the figures for Wildhorse and Powell are actual.

The yearly revenue figures were actually RKBs figures where I modified them to take into account the taxes and reduction in flow rates per month as per Wildhorse and Powell achieved.

Clearly we really need a full month production figures which will be at least a few months away to confirm the expected yearly revenue figures.

However, my point today was the yearly revenue from the 8 wells will be around £2m and not the $6m or $7m figures quoted by a few. Similar figures quoted on twitter as well.

Either the posters do not fully understand the criteria of the ED project or ramping it with false information to push the price up - but whatever the SP dropped for a few reasons - the SP is overbought, these figures had been known for 9 months and with the reduced choke, these figures are no where near what Wildhorse and Powell achieved. But we need the future figures that will be achieved when the choke is larger.

Anyway - leave you all to it tonight - may be back tomorrow?

Those figures for Wildhorse and Powell were exactly the production rates taken from COGCC whatever the RNSs said.

Another investor IAmNotSpartacus seems to be baffled a bit - so you are not the only one RKB.

Sorry CheshireLad

But you are asking for variation in wti then - can only assume you are asking as wti is well down today

$45 wti - yearly revenue £1.565m
$50 wti - yearly revenue £1.74m
$55 wti - yearly revenue £1.915m
$60 wti - yearly revenue £2.09m
$65 wti - yearly revenue £2.265m

Well another of my posts deleted - again for no reason

Oh dear oh dear RKBeekeeper - and you are invested

Take the tax off and allow for over 16% loss per month as Wildhorse and Powell did.

Month 1 - $414k based on your figures
Month 2 - $348k
Month 3 - $292k
Month 4 - $245k
Month 5 - $206k
Month 6 - $173k
Month 7 - $145k
Month 8 - $122k
Month 9 - $102k
Month 10 - $86k
Month 11- $72k
Month 12 - $61k

A total revenue for year 1 is $2.266,000 which is £1.74m. I said £2m assuming increasing the choke will increase by around 15%.

So CheshireLad, these figures are based on RKB working but I included the reality into it and took the tax off and reduced the figures by 16% per month as per Wildhorse and Powell performed like.

But you are asking for variation in wti then - can only assume you are asking as wti is well down today

$45 wti - yearly revenue £1.705m
$50 wti - yearly revenue £1.74m
$55 wti - yearly revenue £1.775m
$60 wti - yearly revenue £1.81m
$65 wti - yearly revenue £1.845m

RKB

Why are you discussing it’s a free carry - we all know that. And I am not at all discussing other projects which you were not either.

I just quoted your figures and even if you use $57, it would still create revenue just below £2m for the first 12 months and not your bull of $6m when you clearly do not fully understand the ED project, completely ignoring both the taxes and outflow will be reduced by 16% per month.

You are talking complete rubbish and misleading others by a long long way on ED. The point you made was purely on revenue for ED for the first 12 months so you comments about debt or no debt is irrelevant.

Hopefully many will look at my post at 15.10 which pretty much explains the revenue of £1.74m expected at $50 oil and £1.95m based on $56 oil.

So all my posts today are purely based on today’s RNS and the ED project and nothing more - so stop twisting things to cover the rubbish you posted

Now looking at Wildhorse and Powell production in the first 6 months, this is the oil output combined for the 2 wells

Month 1 - 41,366
Month 2 - 34,439 (should be 35,161 at 15%)
Month 3 - 27,588 (should be 29,887 at 15%)
Month 4 - 24,281 (should be 25,404 at 15%)
Month 5 - 19,655 (should be 21,593 at 15%)
Month 6 - 16,971 (should be 18,354 at 15%)

Now can you see that even month 5 is less than 50% flow rate of month 1 - these new 6 wells will perform the same.

That is what is worrying - RKBeekeeper got 2 recs from others that clearly do not understand this project either. That is why I post to correct so much rubbish that is posted by the so called informed investors. Those less researched will believe these figures when the actual revenue will be 1/3 of what RKB has predicted.

Now these figures have been expected for 9 months and very easy to estimate which have been stated several times - admittedly depending on wti and gas prices. Even blacksheep15 has similar figures to me and no where near the $6m or $7m revenue quoted earlier.

Pleased with that blacksheep15 but I said your predictions were inaccurate, very similar to your criticisms of me. Never said to take any financial advice from you but your own predictions were inaccurate.

My first post this morning was purely my view on the RNS and what I thought about it. But the usual HNR Mafia come out with personal criticisms with you being the main one, childish name calling and the usual rubbish posted by some investors here like radds, HOMER, blacksheep15, chameleon1, BlackHopper, tincup, comprimario, iamnotspartacus.

If you ignore these childish reactions, then the board would look much better even if you do not agree with my comments. An adult response would at least generate a discussion worth reading but the B.B. mafia here just ruin it.