Member Info for HopefulDave

Could our risk profile be different now? If not the consortium of banks and IUK and therefore their appointed due diligence assessor.... Would the new lender still work on $125 a tonne for a sales figure, despite the fact we actually $140-150? Would the new lender have a different appetite to risk accordingly? Would the new lender therefore go a a slightly lower interest rate? Would the new lender therefore work out we could pay back the debt easier? Would our contingency therefore be lower on the scale and closer to the $400m than the $600m? Just a thought. Not sure if mentioned before.

I’ve done nothing, but based on your logic that I have, you and your multiple personality fellow posters have therefore constantly encouraged people to sell, often at a loss. Let’s see how that plays out over the next month or so shall we?

Children posting silly posts in the first place, showing you up for the clueless and hopeless and utterly classless person(s) that you are!

Tick tock...

I wonder who ADM bank with?

I don’t think so.

IMHO the choke setting may remain and just see a slower decline rate compared to previously, and just smooth the earnings out over the first few months as opposed to peak higher and decline faster, with the then added benefit of more revenue in later months as a result of a better EUR.

Doubters and twisters at every opportunity here, and some refuse to listen or believe anything written in RNSs.

I’m sure if one of more wells are formally announced, Water deals are done, crop trial is a success, more Kansas gasses are sold, more crop trials established, WD is to some extent monetized, DTU patent progress and an unexpected curve ball comes from there or any other progress is made anywhere, the usual posters will decide on something to bitch and moan about.

Have returned from the near dead after inhaling the Incredible Hulk and coughing him up bit by bit, and now having Freddie Kruger and Edward Scissorhands having a 24*7 dance off in my intestines, hence lack of posting.

Not going to get into any bun fights on anything. Just thought would post re ED flow rates though and 2 cents worth on that.

Patiently waiting news and subsequent re-rate. Got to be in it to win it :)

Treated water = you don't pay to have it taken away and put down an injection well at circa $2bbl someone pays you to take it away, as they sell it to the local frak operators.

Doesn't matter if it is being re-used on site or trucked away if treated, it has a value as opposed to a cost.

The economics of the solution is for produced water on an ongoing basis, not simply if you are carrying out frak jobs yourself.

The withdrawal of the application is a shame, but don't know why they have done that yet, one would assume if it was simply timing, they would have postponed it, as opposed to withdraw it, but who knows, just have to wait and see.

Indeed posted my thoughts on the liquids but probably drowned out previously in all the garbage generated by multi ID & Co.

On average we got $2.88 for the “residual gasses” in the pipeline according to the RNS, the average Henry Hub price at the time was lower than that, not lots, but a premium on the residual gasses is great.

My guess is the liquids (of which we are rich in) would be around the $5+ mark, although liquid prices vary, and don’t know precise quantities of each one etc, so a converative guess at $5+ / MCF would be relatively safe to assume, and again we don’t know the quantity of the liquids sold either.

“Rich in liquids” however sounds good to me.

The gas revenues as stated before aren’t insignificant as a result, and again those gas volumes are likely to increase as the other wells did when the oil drops off.

IAmNotSpartacus -> Perfectly summed up. No more needs to be said.

Bravo.

Clearly a poster with a track record of dermaping the share has sold out and then instantly posted something negative about it.

Just as likely to be as true as your "clearly a few investors getting fed up"

I love the way you write Dianne, trying to establish everything as a fact, when clearly its just an assumption made up by you and therefore clearly not anything clear at all.

Is that clear?

I still find it hilarious that you think I’m exposed as anything when you are the one with multiple log on IDs and don’t even attempt to defend yourself against that.

But hey. Diamond thinks your genuine so that’s cool. Great reference.

And barn. You do need to take the initial decline rate into consideration for the oil, the gas should increase in line with the other wells as the oil declines, at least over the period we can see figures for, if they behave the same.

JJAL unless logging in with multiple ID’s is due to a multiple personality disorder, in which case I apologize, but if not and you are losing track / the plot and you just get confused trying to keep track of your multiple ids, I do believe I’ve already answered the original question.

Diamond. Then why write “it’s only worth buying if it has another revenue stream?”

That implies it’s not worth buying until more revenue streams are established, ironically we already have two more, they just need to grow (pun intended)

So we aren’t going to generate $6-8m from the current 8 wells in the ED setup in oil alone this year, no not everyone thinks that.

The choke setting applied is throttling the wells back. This helps UER (Ultimate Estimated Recovery) or in simple terms getting the most out of the asset over time, recovering more oil and gas over the longer term.

Before you go off on one saying that doesn’t help us now, that longer term will also likely mean (if the setting remains as is) the well does not decline as quickly as WH and Powell. So it would smooth out the oil and gas production over time, ultimately resulting in more revenue for the company.

Gas sales: Nobody seems to factor much in for this or has picked up the RNS content.

We are producing NGL’s which go at a considerable premium to that of general natty. From my own calculations I’m estimating around $5-5.50 for this per MCF, I’m not going to tell D14 how to program his abacus, but it’s not rocket science.

We are also getting, on average, more than the Henry Hub spot price for the residual gasses as the BTU content is very high.

(Note the prospectus stated it expected Henry Hub minus a dollar or so, and we are getting a premium price above Henry Hub averages, and selling NGLs)

Please also note that gas production rises significantly as the oil drops. (Reference WH and Powell production)

Do you know how many plants can be grown simultaneously in District 8?

Have you seen the price paid to treat 50 plants, prior to producing better yields?

Do you not understand the scope to scale that up and the associated revenues that alone would bring?

Do you not understand that others will want to sample the gas (if not already) for other high value crops?

The revenues Highlands have are more than adequate to cover our costs for 2019. Our operating costs are minimal, we aren’t deploying expensive kit anywhere.

We already have the ability to expand revenues from Kansas significantly, without an N2 deal.

Ridiculously our by product of producing the gas mix, possibly argon and helium also, will be N2, which by itself is worth $5-10 an MCF.

Additional Epiphany units also would deliver stable revenue streams.

The company can expand Kansas and Epiphany in some directions by itself, the actual direction taken will depend on the usefulness of the rare gasses for Kansas. Epiphany IMHO could go in a couple of directions, as is, we could get units deployed to pads and start receiving additional incomes simply as reference site / distributer.

Other expansion plans would or could involve JV’s.

Now you can wait for those to be announced, or buy beforehand.

We do not need to place shares to keep the lights on, its as simple as that. Diamonds constant angle is don’t buy until revenues are established, which is a bit like saying don’t buy that flight now it’s on sale, wait for it to go back to full price before booking it...

D14. Simple question:

Do you only buy established FTSE shares with solid revenue bases?

Answer = no.

So why post stuff like, “it’s only worth buying if it has another revenue stream?”

You are basically suggesting to everyone to wait until the share re-rates on the back of a substantial deal involving Kansas, and then buy it?

Isn’t the whole point of small cap investment, find one with the ability to offer huge upside, before the news drops?

PS. Flash01/JJAL You really should stop calling people a ramper when you have been caught out using at least two separate LSE IDs posting negatively... talk about people in glass houses throwing stones!

D14, Is that JJAL or Flash01? If you are you know. Keeping it real.... LOL.

Important for people, especially new ones to understand what we have here. These wells are operated by True Oil and we get a 7.5% free carry on the revenues produced. No capital costs for Highlands, no operating costs for Highlands. These figures are initial figures on a very conservative choke. So True can protect these wells they are being opened up slowly. The figures we have therefore can increase significantly, or if the choke remains the same decline slower than the initial 2 wells. It is also important to note as per Powel and Wildhorse, the gas production figures increase a lot once more oil has come out of the wells. The fact the wells are still on a conservative choke setting means they will return larger revenues over time. They will not have shot up and peaked at those numbers then start to fall quickly, they will sustain the flow for longer, return less sand, and give better overall recovery as a result. The other thing to consider for East Denver is that True has already filed a request with COGCC to increase the number of wells on this acreage, our leased acreage. So at some point in the future, additional wells will be drilled here and we will have oil and gas revenues from those wells to come. Again with zero capital of our own required, just a free carry on produced oil and gas. It’s also possible we may gain additional wells in the Southern sections 30-31-32-33 if an agreement can be reached on the lands there, again at no further cost to Highlands. We also have the ability to generate revenues on an ongoing basis from water processing equipment on site, but await official confirmation of the setup of the Epiphany units on an ongoing basis.

Horses for courses Chesh.

People are slowly waking up to the possibilities and thinking outside of their little enclosed boxes.

Mankind is off to Mars, it’s looking for the secrets of the universe with experiments looking for dark matter.

Meanwhile back here on our insignificant spinny thing traveling through space, we need to fix the soil, amongst other things, if we are to survive.

Different growing methods for different crops.

District 8’s Cannabis is growing from the same bags of soil, each time, cool huh? Some nitrogen fixing microbes and a supply of our nitrogen-hydrogen mix and away we go, a nice uplift in crop yield, nothing nasty introduced. Win-win.

It’s quite possible our Argon could help unlock some of the secrets of the universe.

Now that’s all well and good, and cool to be a part off, but with an investor hat on you want $$ returned.

Fortunately, along with producing super duper crops, comes revenue.

You don’t unlock the secrets of the universe on the cheap, the money being invested (but like in ED not ours) is staggering.

Some of the leading scientists in the world are working on projects, a bit like building the most spectacular engine ever, but not yet having the fuel engineered to make it go.

The Argon could be a bit like that, currently needing to be extracted from the ground and processed excessively afterwards to deplete it of its radioactive isotopes.

Ours may require the same processing, it may require less. It may not be viable at all, or perhaps be so pure it can be used without processing.

It’s a bonus play, but if it as good or better than that found anywhere else on our spinny thing travelling through space, we will help unlock the secrets of the universe.

Regardless of the Argon, farmers can harvest their big juicy crops, we can harvest our big juicy dividends, whilst happily seated in our country piles.

(Not to be confused with the round cushion type one of our trolls probably suffers from)

https://news.sky.com/story/un-warns-that-food-system-under-severe-threat-due-to-shrinking-biodiversity-11644468

https://twitter.com/gooner_dave/status/1099081086661988352?s=21

Cannabis is high value and a great place for HNR to start, going after the most valuable crops first.

Kansas gasses and the Nitrogen-Hydrogen mix might just er mix things up a bit...

Wonder which crops will come next for us, or will something else from Kansas matter more, perhaps something on the darker side?

And I don’t mean JJAL or one of his multiple LSE logon ID’s / flip flop personality either!

Aside from the pure N2, we have samples of Argon “out there” for specific scientific use cases. It may be the right stuff, it may not be.

If it isn’t, we have the crop trial Nitrogen-Hydrogen mix, and we have N2 which can be sold.

If the Argon is the right stuff, ask yourself one simple question...

Why test something that is 0.0133% of a gas stream, where if it’s viable Helium at a ~4 times greater amount (yet not high enough to be deemed commercially viable by itself, despite commanding $200-300 an MCF) sales become a by product of the Argon...

What price for the Argon?

It’s a bonus play on top of the N2, one which we already have the hydrogen mix doing its thing.

Make no mistake:

Success in either this crop trial, or Argon being the right stuff will attract a lot of attention in a very good way.

The plants looked pretty good when we saw them a few weeks back.

I bet they are even more impressive now!

Flash, I'm not defending myself I'm pointing out your lies and out of context posts.

Why not mail them to admin and ask them to investigate the multiple id's?