Member Info for Foresight22

..by the Board shopping at Tesco? Went to Bude Supermarket, great location but 5-10 years behind Tesco. This is not rocket science, Board just needs to earn their keep! AND stop Day Dreaming.

Good call BD, trades were all reversed or updated. Actual strong buys end yesterday. Wait next time ‘Sell after Bell’!

PUD = Proven UnDeveloped

..you can always ask but HE heavily involved with E&A plus EWT! Think you are six months from any sensible answer. How long is your string? HUR doing very nicely with robust 6 months ahead. I look forward to your questions, after some informative information by HE has been presented. HUR SP more linked to oil price than external new ownership matters which may happen..

...only by turning Resources into Reserves. Moving WD 935 million BO Prospective Resources to 2C. Clarifying EPS is on track to add 100 million BO once OGA agree. Dr R-T has laid all this out... SP £3 this year looks dependent on higher oil prices. By AGM WD horizontal might not be fully flow tested. Hope they flow for at least 2-4 days with 4 day BU. Can then move some WD Resources to PUD.

..having a 'tasty' logo could help keep SP increasing without any new RNS! someone should speak to Roger - Tiger (?).

...why don't the Board simply shop at Tesco for a couple of weeks a learn how to run a supermarket? SP needs a boost guys before you all go to Wimbledon and Henley!

Thanks Tantalum, looks a bit like AM.. starting to believe 'it's a sign'.

..Black Swan = Surprise Event ; Black Elephant = Surprise Risk (usually consequential)

If timing is ‘a sign’ and if ‘linked to Hurricane’ can only be good as based on SP must people think FBR not a good investment - unlike the 90% following this BB. Maybe Lancaster is a billion BO field! ..what’s the production tests saying, role on 5th June. Maybe HUR should add Black Swan to their logo!

...was it with a black elephant?

...have to watch the debt, these type of companies run on thin margins. Repsol ended up with poor assets. Maybe thin on exit plan. Talk in 3 years time.

...hard to see HUR SP slump or plateau at end of year with steady production and ongoing new well tie-in (ie increase to 100 Million BO proven reserves) and new infrastructure ongoing unless oil price slump or plateau.

..when is the drilling rig coming free to start Tullow programme?

...maybe they shut well in and found they have a billion BO field?

'no great shakes' losing 935 million BOE Prospective Resources!

77% chance of success is always interesting too. Theoretically >46% Pg actually means proven but yet to be drilled. At 77% should actually mean Pwell, in other words proven but yet to be drilled discovering 'well' net pay. Core helps proving net pay in a billion BO resources prospect, so would a deep ODT or OWC; otherwise someone might say only a million BO discovery. Difference between reserves and discovered resources is about $5-10/BO!

18th June 1975 Spud
18th July 1975 TD at 7019ft MD
Pre-Cambrian 6900ft MD

..certainly can pay for some coring now! Whey hay and up she rises

we all have different reasons why we like HUR; for me it was seeing the predicted well test performance was well below the actual build-up. Even Roger can make mistakes, ask Tiger!

..when I bought into HUR, that was because Dr T said that was their exit point - sell on. Only recent HUR CP has said other wise - big company now plus Partner GWA. "Big fields get bigger!" so still in. Good SP day today, many more to come over next couple of months. Producing petro-monies - no company can go tooo wrong. This could give AIM's some credibility again, interesting times.

"Though there are many parameters that can be varied, Hurricane considered that the most significant uncertainties at this stage were the Oil Water Contact (OWC) depth, average porosity, and aquifer support. Varying these three properties produced Hurricane’s Low, Base and High cases for forecasting the two-well EPS "

p32 CPR GLA