Member Info for DYOR2

Senseman

If it's any consolation my post was also taken down, it was simply stating a I would like to see Chaffe and Maris released etc.

Heid

I also like your posts and find them informative.
I have recently repurchased shares in UJ and see it has a future.

HT

CA and RB have played it clever so far with our Company and made money trading in the past. They have the inside track with HUR with their Non-Ex's calling on the inside. CA's continued purchasing of shares can only be viewed positively and I wonder what their plan is, they certainly have a greater insight in HUR's data, ops and management than anyone on this BB. I would imagine there is something coming to fruition shortly that will enhance the SP, CA are exposed to a disproportionate risk in their portfolio, so therefore they must be confindent of a significant rise and in the not too distant future I would suggest.

Sense

3rd CPR - Interesting question, I think it will need to be done at some stage and only if the BOD have done their own analysis and are conveninced it will confirm an inprovement on the last CPRS. If a mesurable improvement in recoverable resources is confirmed I think it can only postively affect the Company and SP. We may need to have it completed in order to extend some CB's or raise some finance for a FWP for 2022.

Senseman

I am hoping the new Non - excutive steps up to be our new CFO, Chaffe and Maris have to go. Now is the time to get rid, the Company is starting a new era and we need a new clean BOD to take us forward with development and realisation of our assets and resources.

We need a FWP for the summer, so we are not a 'one trick pony' and risk is reduced by more than one producing well. We will soon be in the finacial situation to enable development but would like to see it in an RNS before the EOY. The recent gas option on recent posts are interesting and will appeal to the OGA.

Schlemiel

We are safe from the Bond Holders as long as prodcution remains stable until 1st Qtr next year.

The real issue for me is a FWP that secures a future past 2022 for the Company, I am hoping we have the funds for some drilling in the weather window next summer. The funds or a partner to do this I hope are being worked at the moment. If the sucess of a FWP is secured we are in an extremey good place, with the knowledge Lancaster and Lincoln fields the COS of any drills should be good.

It will be a very exiting 12 months and potentially profitable for LTSH.

Senseman - Email sent

Tony

I think I recall about $19 p/b about a year ago.

Missdosh

Sorry to hear that, I enjoyed his posts.

Senseman

Agreed CFO and CEO need to go, I think they were only kept on for regularity reasons an stability. When the knowledge transfer has taken place these guys will be terminated. They have offered nothing, delivered nothing and nearly destroyed our Company.

When their departing is RNS and replacements made public, the SP will move up which speak volumes.

Very interesting times with HUR, I think the future is bright and getting brighter.

I think one of the tasks the BOD will be looking at is the data for some kind of FWP, if they conclude a CPR will confirm a greater amount of 2P resources then a CPR will be commissioned which could be in the 4th Qtr with results early 1st Qtr.

I would like to see the sandstone targeted at Lancaster (which well 6 has its toe in) and a similar well drilled on Lincoln to the one we plug and abandoned. We need to submit a FDP in order to do that but its one stage at a time.

HUR's short term future is becoming more secure but the development of our fields, for me is the real game changer. The resent developments regarding finance and the CBs was a key factor in the process of this and a CPR when the time and certainty of it being more positive is a another key phase.

We cannot let the 2022 summer weather window pass without some kind of field work that will increase production, I am sure the BOD are more aware of that than me.

I am on an average of 9p and confident I will get a return

Cebo

I agree, the CFO and CEO need to go but the people that replacement them is also key to our success and selection and their appointment needs to be conducted when its right for the Company, I think that time is approaching. The strategic management demonstrated by the new BOD and CA is very commendable and I have still not given up hope of a Work Program for 2022.

I think the Market and analysts will take a little time to appreciate the CB purchase and the de-risking affect and the share price should move on a steady direction north.

DE

Renegotiating the Spirit/Lincoln deal will be on the agenda of the BOD, but the priority at the moment is sorting out the finances in order to plan the future.

DE
I think the Spirit/Lincoln deal will have to be renegotiated, the priority is sorting the finances at the moment, but it will be on the agenda of the BOD.

It will be interesting to see how many bond holders take up the offer, if I recall correctly I think the Company mentioned 30-40% at the hearing. This is enough to make the finances a lot healthier going forward.

I am probably not alone wanting Lincoln drilled in 2022 and also either a side track on 7z or another drill on Lancaster. With the data we have the COS should be high and potentially a game changer for HUR the reliance on one well is one of the biggest risks after catering for the CB's.

This BOD are definitely working the right issues and are a breath of fresh air. I think the market will digest todays news and any positivity in the SP will not be reflected until next week when we know the take up % of CB holders.

I think they will have the funds to pay the CB's by July and that was illustrated on the data of production figures x POO in several scenarios yesterday. It was also the conclusion of the Judge at the hearing otherwise he would of sanctioned the claim at the hearing.

What we are struggling for, is funds for a FWP and also reliant on our 1 well to maintain a reasonable amount of production. If we can get funds to pay the CB's off early or buy bonds, thus reducing our liability, it is not unconceivable to have a FWP in 2022.

If and when that risk is reduced or disappears the value of this stock will be much higher, I would imagine by the EOY accurate cash flow predictions can be made. I personally this we should have around $160-$170 mil in the bank and 7 more months of production. Hurricane IDA will push POO up in the short term which will also assist.
The sandstones which well 6 has its toe in and produce from are a very interesting play.

Callan

RNS's awaited

BW extension on good terms
Bond buying update
Monthly Ops update with FCO rising nicely
CFO and/or CEO resigning and replaced
New CPR after tech team have confirmed resources and data by the inhouse team
Spirit/Lincoln stalemate resolved and potential FWP
Raising conventional finance for paying off CB's and a FWP in 2022
Buy out at a reasonable SP, probably 6-14p but anyone's guess
Confirmation the CB's can be repaid by July 2022

Probably a few more but they are the main ones off the top of my head

Bidds

Agreed, but I would of like to think CA would of done their homework and confirmed some are available for purchase before mentioning it at the Hearing and also reconfirmed before HUR released an RNS to state the plan of purchasing CB's.

Hopefully we shall have news of the Bond buying program, if they are bought at a discount its a game changer. The bonds currently trade about a 30% discount. At the hearing CA thought approx 30% of the 230 mil maybe available to purchase. If that is the case meeting the debt repayment of the remaining bonds by July next year is easy, if POO and production hold up.

There is a possibility there will also be spare cash and maybe some field work conducted next summer, but lets wait for the RNS, which should be due soon.