Member Info for hghotshot

An interesting read:

https://www.edisongroup.com/research/a-clear-strategy-to-realise-value/34004/?j=267040&sfmc_sub=12783975&l=715_HTML&u=7988797&mid=536001663&jb=1

Cranmore,

Thanks for that. If that is correct, I am not sure why it is significant or worthy of comment? As I said previously, I am not very intelligent.

I am far more concerned by the occupancy rate and the continuing deterioration of this metric.

What/who are ATs?

Sorry, I am not very intelligent.

Gg (you worthless piece of junk),

You clearly cannot read.

"For each of the years ended December 31, 2023, 2022 and 2021 in the table below, the estimated proved reserves were INDEPENDENTLY evaluated by our INDEPENDENT engineers, NSAI, in accordance with petroleum engineering and evaluation standards published by the Society of Petroleum Evaluation Engineers and definitions and guidelines established by the SEC. "

Gg,

Answer the question?

Please see the 2023 Annual Report (attached in earlier post from asp1).

The Competent Person is Netherland, Sewell & Associates, Inc. (NSAI) see page 237.

Concerning reserves estimation, see page 227:

"For each of the years ended December 31, 2023, 2022 and 2021 in the table below, the estimated proved reserves were independently evaluated by our independent engineers, NSAI, in accordance with petroleum engineering and evaluation standards published by the Society of Petroleum Evaluation Engineers and definitions and guidelines established by the SEC. "

There are numerous other references to the independent work done by the Competent Person (NSAI) throughout the report.

What more do you want to see? Please clarify?

Asp1,

Allow me to echo the sentiments of good old Trek. Please don't stop posting?

It was so refreshing to read your recent informed and fact based contributions which I found very helpful. These were in stark contrast to the worthless, vacuous, malevolent, loathsome, nefarious claptrap with which GG (in particular) pollutes this board.

Gg,

Please see the 2023 Annual Report (attached in earlier post from asp1).

The Competent Person is Netherland, Sewell & Associates, Inc. (NSAI) see page 237.

Concerning reserves estimation, see page 227:

"For each of the years ended December 31, 2023, 2022 and 2021 in the table below, the estimated proved reserves were independently evaluated by our independent engineers, NSAI, in accordance with petroleum engineering and evaluation standards published by the Society of Petroleum Evaluation Engineers and definitions and guidelines established by the SEC. "

There are numerous other references to the independent work done by the Competent Person (NSAI) throughout the report.

What more do you want to see? Please clarify?

What are you talking about? Where does the 53% come from?

GG,

Try this one then?

Perhaps you could elaborate on how a business with significant free cash flow, that is able to settle all liabilities as they fall due, is able to make significant debt repayments and also pay significant dividends is going to CHOOSE to resort to Chapter 11 bankruptcy arrangements.

GG (or may I call you worthless?),

You did not make any attempt to answer my simple question. Can you please try again?

Perhaps you could elaborate on how a business with significant free cash flow, that is able to settle all liabilities as they fall due, is able to make significant debt repayments and also pay significant dividends is going to be forced to resort to Chapter 11 bankruptcy arrangements. Something does not seem to add up.

All oil and gas companies have AROs which relate to their oil and gas wells. No oil and gas company has ever had a sinking fund to meet these obligations. There is no legal requirement nor any accounting regulations which require the establishment of sinking funds for this purpose. Under such circumstances, it is very hard to see why any oil and gas company would ever establish a sinking fund for AROS. The fact that Rrb "believe(s) that they need a sinking fund" is of negligible interest and will not persuade any oil company to establish a sinking fund to meet its AROs.

GG,

Perhaps you could elaborate on how a business with significant free cash flow, that is able to settle all liabilities as they fall due, is able to make significant debt repayments and also pay significant dividends is going to be forced to resort to Chapter 11 bankruptcy arrangements. Something does not seem to add up.

"EPRA Occupancy rate stood at 78.0% (31 December 2023: 80.0%)"

I find both the level and the deterioration of occupancy most alarming.

Tazed,

"Intresting is shorts are not doubling down unless waiting for even low entry"

What do you mean here? I am sorry but I don't understand why shorts would "double down" as the share price goes down to a new 52 week low. Why would they wait for an "even low(er) entry"? Surely, you short a share when the price is high?

Rrb,

It is hard to see why DEC should establish the sinking fund, which you are so strenuously arguing it is morally obliged to establish, when no other O&G has established such a fund.

It would appear that the only reason to establish such a sinking fund is, in fact, that you think they should do it. That is not, I would suggest, sufficient reason.

Rrb,

I am intrigued by your insistence on the necessity for a sinking fund for the AROs of DEC. I assume that it is customary practice that such sinking funds are established by all oil and gas companies.

I have never done this before, but today I resorted to applying filters. This board has been suffering from pollution perpetrated by GG (in particular) and two co-conspirators for a long time now. The level of excruciation has now gone way beyond what I can tolerate.

Asp1,

Many thanks for your very useful contribution. Very interesting. This is in stark contrast to the relentless pollution of this board by useless, worthless, loathsome GG.

GG

"He claims that DEC Oklahoma undeveloped land acreage alone should be valued at $800 million ??? Given that it sold a parcel of land back last year at less than $1000 an acre, I think whoever thinks that DEC has close to a BILLION acres of land in Oklahoma might have been, well, lying, I think is the word I'd use."

Where do you get your "BILLION" from

This may be of interest:

https://www.edisongroup.com/research/recapitalisation-returns-focus-to-operations/33862/?j=246279&sfmc_sub=12783975&l=715_HTML&u=7313104&mid=536001663&jb=1