Member Info for HopefulDave

Being posted up...

Diane, The last time I was called a tool by you, you had to appologise as I had done some research and you had plucked some figures out of the air and had done none. Oopsie. Before your treble rant I was actually referring to you tweeting you cannot see us getting WD off with partner financing, are you: ...Like when you kept quoting the wells costs when they had nothing to do with our revenue.. Still trying to suggest something you tweeted still stands, as it came from you, despite all the new information at our disposal SINCE you originally tweeted it? This is a 100+ well play. The acreage is now 4800. It’s on part (mostly it seems) Federal land. It’s right next to proven wells which have produced before. And yet. With all that new information you still think we will pile our own capital into that project as it develops and it won’t be funded by partners and equity? We have nominated loads of land for auction. Why? What’s the point if we are scraping the bottom of the barrel to simply survive and “begging bowl round the city” etc. This company may have got a few things wrong in the past, and it’s not the first time I’ve said that. The may have been naive on ED financing. But they technically delivered it. Have gone bigger. Way bigger this time. And clearly have partners with deep pockets willing to play.. But no. You stick to your. “I tweeted this before all this new information came to light and I am not taking any new information in” approach. I on the other hand will continue to dig about and research after all I’m not running around multiple boards spreading fear and panic / busy being the saviour of all PI’s. Although I do have a day job to get to so ttfn.

It will never happen. Supply and demand have absolutely nothing to do with prices. Diane has a chart that predicts everything, as long as it’s the right way up.

Sub. I guess the question is will they need to hear them. Or will they just make it to the standard consent agenda if there are no *valid* protests? If we are the sole mineral rights holders as per the FEE status of the applications, we have the surface rights as well as the mineral rights...

Diane you are beyond a joke now. So since the date you tweeted it, therefore it must be true. (Just like your revenue calculations are so spot on) Since then nothing has changed? Oh except: We know it’s now on part federal land it might be some of the only new land that can be drilled on soon.. The fact it’s grown to 4800 acres. The fact we are permitting up to be 104 wells (on this WD play) The fact it’s in proven formations. The fact we are nominating and looking for more land which even I admit we couldn’t afford (by ourselves) and yet the auction is like in a week or two? The difference of this being a 100% WI starting point? None of that makes any difference whatsoever? No I can see precisely where you are coming from. I wouldn’t re-evaluate any predictions with all that initial information now being available..... none whatsoever. Nope. I’m sticking to my guns... <rolls eyes>

Diane, That would be the same year you talk about us needing to place all our shares at a rock bottom price now in November for £2-3m for. Cause we need £2-3m in November and December do we? Or do we need that for 2019 onwards also? The same year you state we will need revenue for projects that clearly we have no possibility of funding ourselves. A WD play with up to 100 odd wells, with us already having nominated further tracts of land in the upcoming auction... This you expect us to spend how much of our own direct money on? Are we going to raise hundreds of millions of dollars and become a major ourselves, or are we going to “do an ED” and retain a Working Interest in it? Helios won’t go any further without water tie-in to get rid of it, again a pilot, before huge amounts of money are used to scale up a very large operation - I doubt funded fully funded by us again either, even with a big Kansas project. I am not forgetting it’s November. I am not forgetting revenue is delayed. I’ve stated for a long long time that there are options for $ beyond that of a bargain bucket placement. You constantly assume it’s impossible to gain any cash up front, and you have never ever put a single cent of any revenue generated from Kansas into any calculations for next year. You seem to assume we will do some sort of a deal on Kansas, and then none of that cash would be useable outside of Kansas? It’s not possible someone would enter into a JV with us capable of delivering a project that could be worth tens of millions and they wouldn’t want a few shares themselves for some cash up front? You seem to assume that RP would rather dilute us at a rock bottom price with all this on the horizon, rather than convert any of his own warrants to shares? Something he needs to do within the next 15 months anyway or lose them? You assume it would not be possible to obtain any sort of short term debt facility based on a Kansas deal worth potentially tens of millions of dollars? All these possibilities are impossible. The ONLY way we can get working capital to get us through a few months is a placing... that’s what you insist. We aren’t raising money for a hit or miss well.... you are potentially talking about binding signed contracts worth lots and lots of money, and a short term requirement of a few hundred thousand for a month or two now at best..... I don’t think we’d be looking to place the £2-3m shares you expect us to at 10p in November. No. I really don’t, not for the reasons you state, nor to fund projects that are well outside of our capital funding capabilities without major partners...

Good god. Quoting those nutters on that other site. Mad as a box of frogs on helium over there!

Doesn’t seem plausible? ~£16m MCAP? Nitrogen based at $5 (of the $5-10 price range) Nitrogen revenue at 10,000MCF/d = $50,000 revenue a day * 350 days = $17.5m *yes said revenue not profit Diane* 20,000 MCF/d. = $100,000 a day. $35m revenue... Forgetting all the other assets put together, a handful of wells in Kansas would do wonders for the MCAP. And I’ve even given the wells 15 days holiday a year there (which is more than we get from Diane) What earnings multiplication would you apply to those revenue figures in the O&G sector... There are bags of potential in Kansas!

When you least expect it to I imagine

Diane! Welcome back. Having turned from a troll into a normal person for 24 hours on Halloween, you return back to your original troll state today, how predictable. How lovely for us. 1) Ras lol. You know he loves an upside down oil chart. To be fair if you say it’s going to drop enough times you’ll get it correct once in a while.... 2) once again poor highlands with only its oil wells for revenue in 2019, because big bad wobbert is going to put pencils up his nose and go wibble rather than sell any nitrogen in 2019...

Yes, I put them there for a reason, as they were so easy to knock back for those here simply to knock something back... Thanks for playing. The underlying point is, "so we have had a poor news cycle, but have ED to come online, Kansas news to come, WD now is showing its hand..." ...

So. Would you put money on a horse that is held back and you can see it now being ridden hard towards the finish line with tones of energy left in the tank as all around it fade? Would you back the F1 car that is driven by the World Champ and is in 5th place, but has already got the fresh tires and the fuel to complete the race whilst the others ahead still have to pit? Would you look at gold and see it at a rock bottom price, and markets top heavy and not think hang on a mo, market correction could come, ill swap a bit out and go in there, this could be a good time to put some money there? It’s the same thing with shares. Spot the ones that are low and get in. So we have had a poor news cycle, but have ED to come online, Kansas news to come, WD now is showing its hand... Seems like a good time to think about getting in to me, not getting out!

Indeed noodle that looks to be the case :)

And what do all investments say. Something along the lines of past performance can’t guarantee future.... Hindsight is a wonderful thing. If I had borrowed more every time I’d moved and kept my previous properties I’d have a good few million in mortgage free property. If I’d sold at at every peak and bought at every low I’d be a share multi millionaire. The fact is, if the market is going into a down cycle, aside from cash there is only one better type of thing to be in, and that’s a growth company, with not much previous revenue, but one expected to grow significantly. Having patiently waited for big things to happen, “pulling out” down here would crystallize those losses, you may go on to “pick a winner” or you may stay still, and you may pick a dud and devalue further. Meanwhile here the company continues to move forwards, it’s just not reflected yet in the SP. Everything goes in cycles. Have watched my pension fund rise and the fall in every cycle whilst managed by “experts” and various fund managers in the past. In the last two years here, we’ve all had the opportunity to buy in 12’s and sell in 30’s, alas some bought in 30’s and high 20’s etc. Me also, I also picked up a few shares as we dropped, nibbling away at each drop. If there hadn’t been a drought and the ED wells had come online as expected we’d probably have hit the 30’s again. Whilst DTU has been “at tipping point” etc it’s slow to adopt, yep. That’s true. ED - We’ve known about the 7.5% for some time now, we expected it earlier, the drought has delayed that. On the flip side. We have nitrogen, we know it’s accessible, we know it can generate revenue and fast. When it’s agreed to get it to the market we get it to, it does not take million of dollars per well and 5-6 months to drill and frak and then get delayed due to drought. We already have ~$12,000+ a day of revenue (at $5) just waiting to be released from the well already there. It takes days to drill a new one... So this can and hopefully will turn around very very quickly. WD we wait to see what awaits us, a massive play by the sounds of it, and we have multiple nominations in for land elsewhere.. Why and how can we look to develop that? Only with massive tie ins with a major.. if we can do that for Oil and gas. Why not Nitrogen also.... Each to their own as the saying goes. But if hindsight has you worrying about lack of action doing anything over the last six months. Missing out on this going back up would tip you over the edge? It would me!

Diane, settle petal. You’ll burn yourself out before you have time to carry on bashing the pour soles on the other board you are constantly berating at the moment. I comment on a share BB of two shares Im *invested* in for long term growth. You either try and poison people constantly or blatantly ramp things on Twitter and on this site. I’m hardly banking our on going working capital on $30-40k from water recycling on a pilot project. But likewise. I’m not trying to instantly jump on a ~$30k small drop in oil and gas revenue then trying and panic people it’s going into the $50’s a bbl either am I? You have stated we will try and place ALL our shares in one go to raise £2-3m at rock bottom prices. To cover ALL our working capital requirements for next year. You do realise a plastic pipe to a processing facility can carry our Nitrogen off to market. You do realise that we can drill a well for ~ $200,000 in ~10 days and have it sending more than that amounts worth of nitrogen down said pipe in a month, repeat, repeat, repeat.... You acknowledge we will have ED revenue but do not attribute a single dollar in income / cash up front or revenue from Kansas at all in your view for next year, none of it. If ED revenue can be used towards working capital what is wrong with any revenue from Kansas? Why could we not use this? It would be just as spendable as money raised from shares would it not? So I am saying there are options. 1) That business model could result in a strategic partnership with cash up front, or cash up front for shares placed in a partnership. A cash injection, and still revenue to come from the play? 2) Robert could exercise his warrants. £1m injection. He needs to do it before March 2020. If it was required to get through a few months before ED comes online and then before Kansas could deliver revenue why not now? Of course I understand we need money to use as working capital in 2019. I’m not stupid. But is doesn’t have to all be in the bank in one go at 10p a share in November. 1 month before ED comes online and potentialy (n) months before Kansas can produce revenue. Why do we need £2-3m in November? We don’t. We don’t have an immediate need to spend that out the door in one go. I wasn’t aware all our financial liabilities for 2019 were immediately required in November 2018, that sucks. Silly me. We do not have a well that needs to be drilled immediately costing millions of dollars or we lose a lease... we don’t need £2-3m in November 2018. You are playing on fear. You are playing on past emotions. All to get a buy in a few pence lower..

Posting from twitter number 3..... “You really are a tool.....” Uhuh. “£300k a month......” Who’s the tool? Carried working interest? - You kept mentioning the well costs when they had nothing to do with our earnings. Who’s the tool? Money in the bank as calculated by the financial genius that is Diane...... Diane your numbers are about as useful as your past conquests.... JC - How could you?

You know you can recycle that bath water. You can put I think 10 ephiphany units together, so technically speaking even Diane’s bathwater could be filtered..

Short version: Diane is desperate. “You predicted a placing before the AGM” What when you had our revenue out by 35% in the current year and also our future earnings projections for next year out by the same amount? This is when you predicted it based on flawed calculations. In fact next years revenue is not only out by 35% in ED revenue, but it included nothing from water treatment, nor ANY Kansas revenue forecast in 2019 either. Oil drops a few percent so “North of $600k” now becomes $500k (as Diane has found her dodgy oil chart again) and if at $600k precisely before, it’s now $570k, but we should all use Diane’s figures we round down another $70k off... It must be difficult having publicly predicted the revenue would be £300,000 and then being out by £160,000 odd to try and save face. That along with your original oil prediction, you already have lost face Diane. Let me remind you also, Diane, that if all goes well the water recycling should more than make up with $30-40k a month inbound (with two units) - what if we deployed some more...? I have stated myself I could see us placing shares, but I don’t see it “as a begging bowl round the city” I can see those allotted shares, if at all, going as strategic placements / partnerships. That however was before I realized we could pipe our Nitrogen out without even processing it. Now we need well(s) and a plastic pipe...? If you think we are waiting on Kansas news to place, what makes you think it would be a public placing / bucket shop placing at a lower SP, when that news will likely be a strategic partnership / sales agreement for bucket loads of nitrogen worth multiple millions of dollars to be sold? That is what we have up for grabs in Kansas. Why would we announce we have a deal to sell that, then go begging at ~10p a share, when all that is needed is a plastic pipe to be able to sell vast quantities of nitrogen? At this point RP could buy his warrants, pumping more than £1m into the company, which with Kansas soon being able to deliver revenue, and ED being only 2 months away, would make way more sense than publicly placing shares at a rock bottom price... We have a significant resource and we will no doubt have a sales agreement in place when we announce Kansas, so why would we place at a ridiculously low SP? The only think that doesn’t add up correctly here is you Diane.

Joy! Epic :)

“Once upon a time I tried an imaginary trade, by Diane mental age 14.” It doesn’t matter what it does Diane. People will sell, people will buy, it will go where it will go. It is most likely that WD will pop up this evening if not before on COGCC, and people will see where it is and what it is.. Silly time to be selling if it does...