Member Info for DYOR2

Janiax

Excellent insight int our cash flow, the key is what we do with the funds to develop our fields. We will have the funds as long as production is maintained. The weak link is our near silent CEO on strategic planning, taking the Company forward and growing it.

Lets hope so

Sense
Good piont about getting rid of the Company Secretary, I hope the CEO and CFO depart soon I am surprised CA have entertained them for so long. The Company has a future and will attract talent, a new CEO with credibility who promotes our Company is what is lacking at the moment.

You are correct regarding our 7z well producing too much water, however there maybe some work over work that can be done to reduce this, the lack of funds and the BHs controlling our work plan expenditure has not allowed this to happen previously. We are now producing funds which allows FWP to be worked and made public. I would imagine 7z and Lincoln would be part of that FWP.

There is nothing to suggest the offload will not be this month, I think it’s could be as early as 21st, Laserdisc normally gives us a heads up when a tanker is tasked.

You have my vote

The OGA should be more receptive to any FWP and FDP than they have been previously, the Government strategy is to develope UK reserves.

We are fast accumulating the funds to self finance a drilling program, combined with our knowledge of Lancaster and Lincoln, the chance of success is extremely high of getting at least one more producer online in 2023. The potential impact of this on our Companies SP is anyones guess but it wont be at this level. The risk reduction and future would be secured.

Agreed we now need a proper and capable CEO to take our Company forward with a degree of credibility. I will be voting against the CFO and CEO at the next AGM. We need CA to give them a push. There is talent available in the Industry we just need to reach out.

chin
I think the next offload will be around 17th March, we normally offload around 500,000 plus barrels.

The next offload should be over $50 mil about $12 mill costs so $38 plus profit, which is a drill funded every 1.5 lifts.

All to play for hear.

This well was drilled as an exploration well not a producer, if I recall correctly. The OGA required it to be plugged and abandoned and requested a FDP with finance in place to support it.

My take is we have proved the resource so we can redrill as a producer if the OGA agree to our FDP. The chance of success on a redrill are extremely high. A FDP, for Lincoln and Lancashire could be largely self funded if POO stays above $100 and we get at least one more producer online next year. We do need well 6 to maintain high levels of production to bridge the gap.

We also need to sort out the Spirit deal which is dead in the water.

A new CPR would be a good lead into FD and would allow some leverage if greater resources are established with the OGA.

Last but not least the CEO and CFO need to leave.

Hur will generate between $150m-$200m mil of fcf till end 2020, with a resonable amount of well depletion and POO of around $90, which maybe conservative.

I hope that these funds will be comitted to a FWP and CPR that if both yield positive results could put us in a differnt league.

I would like the CFO and CEO ( as previously stated) to depart and a better leadership in place.

CFO/CEO by virtue of the fact posters and CA would welcome their departure, they know they are on borrowed time and will not be motivated to drive the Company forward.

Rfarfa

I have posted very similar statements regarding our Senior Leadership, they need to go and the Company can move forward with a great opportunity to develop and raise the SP and production prospects.

I would like to think CA have the same thoughts.

Our largest offloads have been aroung 525,000 barrels which at $78 comes in at approx. $41m.

Hopefully our CEO will depart soon, we need a CEO who promotes the business, holds interviews and drafts RNS's that contain transparent information that Share Holders and prospective investors understand.

We have come along way since the Court Hearing but my concern is our future propsects will be limited along with the SP as long as we have someone at the helm who is doing nothing to assist the Company move forward and realise it's true potential.

I don’t think finding a quality CEO for our Company would be difficult, last year was devastating for the industry with a lot of redundancies and early retirements. Hur’s operations are simple and there would be a lot of personnel interested.

GB - your figures are what I came up with, the extremely low figures in the RNS without clarification are a mystery.
I am hoping with Hur having a brighter future we can attract a CEO and CFO who wants the company to succeed and promotes every positive aspect, which is what we pay them for.

Careful - Our operational lift price per barrel is around $20.

Therefore, I also don’t understand the lack of fcf available by end of July.

Mirador. - thanks the insight, appreciated. I am confident the cpr and flow rates will be good and looking forward to the report.