Member Info for Dan1605

Snip - surely you don't believe that Tang is running the show? The guy could not be trusted to run a church raffle, we've seen what happens when he's left in charge. Chairman or not, the recent actions such as property sales, retesting of the Creswick samples and Hurricane purchase are the work of AH. The guy has achieved nothing over the last 5 years so why would he start now?

AH is rapidly trying to undo everything CB did Snip and for the better. I know we keep going on about Tang but can you imagine him having the foresight to sell these properties? No, he'd have been on the phone to Novum to raise a lot more the 900k. Give the guys a break, you're not invested here anyway.

Thanks Singhie. Just had a look at the spreadsheet and based on 6mmscf/d I'm showing the below,

Hedge Revenue: £8m
Unhedged Revenue: £5m
Condensate: £3.5m
Brockham: £1.2m

When you deduct the condensate and Brockham it takes it closer to your £14-£15m. Happy to share my spreadsheet.

Looks like we were dragged down by that 1.3m sell, the question is who's selling down here?

Thanks Singhie, i'll check my figures later today and see how they compare. I certainly didn't have Brockham generating £12m/year and the condensate was only a couple of million from memory. As I said through, my figures are based on 7mmscf/d which I expect them to push towards.

In my opinion I think Tang will be happy to let AH run things how he wants, it's less work for him and he probably doesn't have the know how anyway, as we've seen when he was at the bridge. There will no doubt be thoughts running around Tangs mind about what the future holds for his position.

Singhie - I don't have the spreadsheet to hand but my numbers include hedged, unhedged volumes at £1.40/therm, condensate and Brockham output. I

Well, the SP reflects just how the market feels. Drill failures, deception and a knackered share structure. We're currently valued at £35m with revenue's of around £25m should we manage to turn the taps to 7mmscf/d. There is clearly nothing priced in for the S/T but this won't stop the market slaughtering the sp should it not be successful .

I think there is around 35m that can be flipped Carpking that remain from 2021. I'll need to have a look as these may now have expired. Those issued at the last placing "should" be locked for 6 months.

It will never get into the high court. Every time we hear about an appeal being won we hear about a possible high court appeal shortly after, it was the same with West Newton and RBD, sod all has happened. There would be little point in granting these projects on merit if they get overthrown in court, besides own grown energy is still very mu h a hot potato. Come on WG, we know you're watching.

Some us of would be happy with 1p nevermind 4p. There's a long way to go but the next 6 months should give us a good chance. I'm sure the BOD's aim will be 1.70p ish to trigger those warrants before the Hurricane payment.

I agree with you Herbert. As i'm no expert I can't really comment on the complexity of the drill but from what they've stated in the Q&A the fracture from the first attempt wasn't detected by seismics so you could say they were unlucky. As for the second attempt, yes you'd think they'd have learnt something however I guess time comes at a premium and they can't afford to have have a drill team sat around a table for days at a time.

As for GL, I have absolutely no trust in the guy whatsoever. The way he's conducted himself with the release of the Twitter images/updates has been seriously deceptive. It's clear that updates since the summer have all been timed to assist the major investors to offload warrants. The biggest risk here at the moment is a placing although I would have thought we would have heard something by now. Interesting that those that were spouting about placing two weeks ago were obviously wrong., that includes you HITS and WG.

Exactly how i'm reading it Howey, so we go again. They've obviously weighed up the risk vs benefit in terms of the time and cost of keeping the rig for a further two weeks and feel that they have a good chance.

I dare say there will be a few tossing and turning tonight. Mirasol/WG/Ruth must be spitting feathers, notice how she hasn't been seen since the news dropped but is lurking in the background as she's liked the miserable fecks post.

Come on HITS, this is good news for your investment isn't it?? You're making it quite obvious that you're not invested. Like I said, this RNS will make it blindly obvious who's in and who's out. Come on WG, I know you're dying to post.

Fantastic! This will smoke out the greens :) Come on, let's be having you!

Then you have to wonder why these, "wealthy, educated" individuals from Aleph invested and then threw more cash in at 1.65. They obviously knew that the risks associated, didn't they? They will also be aware of the company being unable to fund it's OPEX, so what's the plan?

Well there's no timeline announced as yet. They've stated 14 days so you would assume that they have a plan unless things have changed.

The side-track has all but been written off HITS, we have to assume at this stage that it will not be successful. Anybody who thinks that they will succeed needs to go and take a cold shower. As for Paul Forrest, the guy is a leach, he'll take whatever he can get. He'll bring nothing to the board and is simply there for the inside info on his investment.

I wouldn't expect too much Sniffer but 7mmscfd has been alluded to several times. That would see them comfortably meeting the hedge.