Member Info for D14M0ND

You have mentioned this a few times you. As a few have mentioned XTR I got in last August in the low 2s and sold in the mid 3s. Bought back again in the late 2s and sold in the early 2s with that poor RNS. Learnt to sell from not selling when RP lied about tranche 3 and I should have sold. So I am slightly up on XTR and out, broke even on OTC and lost a bit on AST. But may be you concentrate on your own investment, mine is fine thank you.

On my watchlist Nexus like many others I do the same thing for. As I have said, only for a trade but waiting for it. But this board seems to post a lot of tripe, unresearched and inaccurate rubbish and just post the cons. There are a few that post accurate negative concerns but then there are loads of unresearched investors that rely on a few good posters on here. However, these good posters seem to also miss a few items. While I doing other work on my pc, I have my iPad with this on and comment when I see inaccurate posts and try to give a balanced view. My life by the way is relaxed and enjoyed my friend so may be not your concern so do not worry about it

Steadygrowth Your April figure is wrong. Think you forgot to divide the mcf by 6 to get the boe. So not your figure of 32208 showing 68 percent but 20121 showing a decline of 57.5 percent and only 42.5 percent of December production. What makes me laugh is a few recommended it so you are not the only one. Hence I quote my figures as although yours was a mistake, too many take it as gospel but just shows only a few do some good research and many do not

Ok fair point so let us look at boe Since first months production in December, the total boe was 47240 March the total boe was 25536 which is 54 percent of initial production April the total boe was 20121 which is 42.5 percent of production So all based on the figures from COGCC where gas produced was Dec 34709 March 13372 April 14492 So I appreciate you all pointing it out and the decline with the gas is slightly worse so appreciate you all making my figures better. You seem to think I pick certain items out. You all seem to point out the pros and never identify the cons. I feel my views are balanced and point thinks into perspective and not just bullish comments that we generally hear. You have all done your own research and you all content and so have I so we will see who is closer at the end.

Revenues were good yes to the end of year at March 2018 but the annual results will show a loss of over GBP3m for the year. I expect 2019 will show a profit around GBP1-2m mainly due to the sale to True.

Johnny Best to look at the current 2 wells Since first months production in December, the total barrels was 41366 March the total was 23307 which is 56 percent of initial production April the total was 17706 which is 43 percent of production So half of the initial month to me looks like the end of March so 120 days so slightly different to figures from 2014. Other than that, your comment is relatively accurate but all the info is currently available from COGCC production where these figures come from from Wildhorse and Powell. These first 2 wells achieved revenue of USD3.9m in 4 months at 57 percent. So for the next 2 wells over 4 months will achieve revenue of around USD513k over 4 months. Yes there are 6 wells where production will be staggered but at least it should cover the high overheads. Annual report out this month and expect the admin costs to be over GBP5m which the BoD will reduce but will take time. I suspect the maximum cash held by the end of March will be around GBP4m and extrapolate that out to the end of May will be around GBP7m. These cash figures are the figures I am looking for. If better good news, if below the overheads are higher than expected and so will look at the admin and consultation costs

I broke even on this one but misjudged the momentum on this one and sold in the low 3s last week so got this wrong. But in a while so break even I am happy with. GLA

Pete I think you misread the RNS. It was a test by HNR on a companies well which HNR agreed to pay half. HNR lost USD194k to perform this test so a loss not a profit but required to perform this test as one of many to commercialise DTU and PWP. Many other tests expected

I now see the first test being 2 wells but I class it as one test Ok, you say 3 but I am happy with 2 tests but either way, we agree there are many wells yet to perform the tests for commercialisation

Still a little confused? As per the RNS today it said As recently reported, Highlands has completed its second deployment of DT Ultravert, which was conducted in the Permian Basin shale oil field.

Some fair points Steadygrowth. Yes got the dollars mixed up with pounds admittedly but where are the other 2 tests? The RNS said 2 not 4? Any I only now of 2

Well said Dave Now they need to show their commercial details which they have. Now 50 percent off everyone. Another 20 more deals like that to try to commercialise it will only cost another GBP4m

Funny enough many posters thought DTU was ready. Hence my points yesterday that it has to be tested in at least 20 drills in different geologise in both horizontal and commercial drills. It was also explained that companies did not wish to pay this additional costs additional to their own drilling costs. Commercialisation is years away which will indeed take a good portion of cash to get there. It was quite clear from the January 2017 report how it would get commercialised and did say it can take up to 8 years I think. Well 18 months since that report. Just have to look at what the report says what applications HNR will get each year. Missed the last 2 year�s expectations already and the poor revenue generated by it unless this is exercised in 100s per year. It is all there in black and white in the report but many just wish to ignore it. Yes I am a glass half empty on this issue but many others have their glasses overflowing

Funny how the revenue from DTU was discussed. So on well 2 we did not get 100 percent ROI and HNR aid half the costs which is fair enough but it is also clear that companies do not wish to pay for the high costs of utilising DTU and PWP. So the Directors are aware to br8ng the costs down to make it more commercial. Even if nitrogen is found, what will the costs be to recover the nitrogen? But they need to be successful on this project to hopefully be able to reduce the costs of DTU process for their future clients and provide nitrogen to other sources to create a revenue which in turn can help to reduce the overall costs of utilising DTU, From the RNS As recently reported, Highlands has completed its second deployment of DT Ultravert, which was conducted in the Permian Basin shale oil field. The Company received US$194,750 from the independent well operator for the deployment of the technology, which amounted to approximately 50% of the total cost of the DT Ultravert treatment. The deployment of DT Ultravert was successful and, significantly, the exercise demonstrates that independent upstream operators are willing and able to pay for DT Ultravert. However, the Directors are aware that the profitable and large-scale commercialization of DT Ultravert may depend on improving its cost efficiency.

Fair response Fadec but I have kept quiet until the SP got nearer my target price but my concerns about HNR have not changed. But no one will affect the SP, not everybody reads LSE or takes notice. As you say, your own research is the most important and you know I do mine as you do yours. Regarding numbers whether higher or lower are resistance or support levels and are applicable if you are invested. But I do not hear people complain when 27p or 38p is mentioned as they are encouraging people to buy in when sentiment is high. It works both ways. banks69, there are a few traders that have invested today so may be Jacky is correct on closing his short. Many think the bounce is coming but I feel my target will be hit first. Unfortunately my trading is not as short term as some so should be an interesting few days to see which way it goes.

Thanks gaffy The point of the boards are to discuss the company and I said the other day, I am not here to make friends. We all have our own views and I listen to other people�s views and judge whether they may be right or wrong from my own research and investigation on top of my own knowledge. But whatever I invest or trade in, it is my choice and my choice only but pleased to read everyone�s views whether they are positive or negative. This board at times is too ramptastic except for recent days but hopefully if you are in favour of the company, you look at the negative views. Similarly, if you are negative you look at the positive views and overall decide which side of the pivot point you favour. These boards baffle me sometimes but both positive and negative views create an educated discussion hopefully if you ignore the personal comments made by a few immature posters. Anyway, thank you for your comment, even though semi agree with some of it lol

Why Fadec? I�m not invested and will not be. I do not short but looking for a trade. Surprised at the silly question there Fadec but bearing in mind you seem to believe everything the BoD says to you, emails you and everything in the RNSs are fully truthful, then I now understand your question. Hopefully you fully understand my position. This was not an investment for me since last June when the annual report confirmed they would not get non dilutive funding which I have posted several times. Your concentrate on the next ED project which will not happen. If it does as I have also said before, God help everyone as the monies again will not be there to develop it. The shares in issue are more than double what it was when the Diversion warrants were all exercised. Yes we have a small revenue fr9m ED but the same amount of money is in the bank but we have a much higher admin costs. And what do we reality have different. The PE ratio is reduced by more than 50 percent due to the shares in issue and we still have DTU and Helios. So the same mone6 in the bank now as after the warrants were exercised with 2 high risk projects and the benefits to the shareholders are reduced by half. And many expect institutional investors to get involved. No way. They generally only look at companies with an MCap above 100m. We have 7m and a small revenue which may just support the admin costs over the next year. With 2 high risk projects and loss making over the next 12 months, HNR could be valued by just looking at the cash and could be identified by the market to be around GBP10m - 15m MCap. Let us see what happens

Are you sure Jacky? My buy target is 17.3p but on hold due to my concerns I posted earlier. If it breaks this, then 14p is the next level and with sentiment the way it is, it is hard to identify what will happen next. It will be purely a technical buying price as fundamentally, news will be required as the only revenue project has been sold in my view for next to nothing bearing in mind HNR took the risk. However, I fully understand with the economics why the BoD had to make this decision. Difficult times to decide which way the SP will go

It is on my watchlist and have traded it twice in the last 10 months and fully entitled to post on here. I explained earlier when I had been invested for over 2 years that I posted negative views and got some stick. These boards are to discuss the company, projects and future expectations. You can not do this by posting ramptastic comments all the time. What does make me laugh is the posting increases when negative views are mentioned. Many quality posters give a balanced view and explain why you may be wrong but the majority just have personal attacks. Unfortunately, this just encourages them to post more negative views and although they may have some positive views will not post them. You carry on as I have loads of them

Oh yes I remember. Counting the round sells in the warrants for tranche 1 and 2 and pretty accurate. And at the AGM in September 2016, RP did not tell the truth and said tranche 3 Warrants had expired and would not happen and gave me the authority to post it on here which I did. Everyone started buying but I tracked the round sells and noticed tranche 3 was being forward sold on Friday morning while I was on holiday. Yes the BOD know me as they met me and were forced to issue an RNS later that day confirming tranche 3 Warrants has been sold against what RP told us days before. So you can understand my idea that they were up to something after tranche 3 was cleared. Yes I was wrong but I had a view which many agreed with at the time and many disagreed with. But funny how not many other reasons came from many others. But earlier someone mentioned the BOD know me. Yes, I was at the AGM and met them all and was invited to Denver but did not take up their offer.