Member Info for HopefulDave

Double or treble, looking for a bit more than that!

Noodle. I imagine once WD acquisition is completed (acreage expansions still possible) we may get some details, however these don’t appear to have been picked up in public auctions, as none of our very active searchers have identified any that have gone on with this kind in it. As such, and with the acreage that has increased, and possibly still may increase further, I wouldn’t expect details on the acreage to emerge until the company are happy to release them. Highlands are a small company and can’t show their hand in land they are pursuing as they’ll get outbid for it. As frustrating as it is, we just need to be patient before the reveal and then no doubt we will find out more information regarding it!

Jbatch. Actually I think there were a lot of questions in there I didn’t expect to get answers on some submitted by myself. I’d hardly say any were dodged as such, but clearly some / anything commercially sensitive is not going to get a straight answer. I don’t know what questions were not answered but I’d expect there is a commercially sensitive reason as to why they weren’t as opposed to simply dodged. Personally I was very happy with the q and a.

Of course some would be, but seriously every time someone sees a few round sells now it has to be Santa, the Easter Bunny, God or some other mystical magical non existent entity like a warrant seller. Personally I’m surprised, however I didn’t expect a drop and might well pick up a few more myself, more than happy with the progress, especially after no concerns with commercialising Kansas and ability to do so with our own capital.

Blacksheep. robert.price@highlandsnr.com

Love the conspiracy of a round numbered trade must be something else. If that’s the case are all round numbered buys institutions or funds and not Pi’s?!

Answered all my Kansas ones. Happy with the answers.

The buy order on L2 still appeared this morning in the auction wanting their chunk....

What the hell. - stupid iPhone. Looks like I was eating my breakfast when saying that. “So that’s why quoted the 5,000 bopd number not for any other reason”

It’s not 7.5% of up to 5,000 a day fullstop, it was an example of if the wells produce same IP as previous 2 I believe. It’s a 7.5% working interest so we get that. “assuming they are as successful as the first two we drilled, will provide us with a 7.5% working interest in up to 5,000 bopd.” So that’s why quoted the 5,000 bopd number nonotgwr reason.

Won’t be a pay day for me today. Not unless by some magic bean moment, half of WD is online, half the Nitrogen in Kansas has gone down wells in DTU fraks / PWP’s and gas pipelines have been laid ready for the Helios wells to come online! I.e. you have to put up with my mad ramblings for a while yet, I’m not in this for the short term (but do like big blue numbers in my account and that warm fluffy feeling of being significantly up, and look forward to having that here as well as my significant other!) Fingers crossed for a steady ship and a good strategy update that hopefully can reveal a little more behind the curtain in OZ / Kansas.

I’m all fundamentals me, but if my zodiac star sign aligns, my rune stones glow, mystic meg appears in a dream, the Spirograph is possessed by the Ouji board and draws a cup and flying saucer which comes to life, or a big willie, which comes to life, all pointing at 35p and beyond, and a chart breakout happens, I’ll be as happy as a pig in poop! (And breathe) And now in a desperate attempt to not have a contract taken out on me by the secret order of Chartists <secret handshake> .... I don’t diss charts and I do see the value in “technical trading” and patterns, but see it more of a self fulfilling thing that if enough people believe it will go up, they will buy and it will go up, and if enough people believe it will go down and sell, it will! Not for any other reason other than that. That said I’d never buy into a company on simply the charts looking good, as sometimes a dog is a dog is a dog. (The holy trinity of aim darling oilies all having doggy poop days today) I like HNR as I believe in its fundamentals and it’s assets, that goes from the board, the advisory board, the land chaps, the leases, the oil the gas and what’s yet to come. And my HNR cap which has prevented my head from boiling whilst gardening at least twice now... If the charts also align then yay! :) And im like the life of Brian song me. “Always look on the bright side of life” ... If I didn’t I’d be mad (and if anyone has read all the way to here they are thinking, this guy is mad) Onwards and hopefully upwards...

Nothing new. Just speculation on what may or may not be discussed/happening. I wasn’t suggesting HNR have held back news for tomorrow, but they did chose the date for the results. Perhaps today could be the final test results from a DTU test due in, a deadline or decision on some land we bid on, ratification of additional lease land in WD or something along those lines. (I’m not hopeful Dave for nothing!) We chose the results publishing day so could have chosen the day as its just another day in July and for no other reason. It could have been the most convenient time for the board to meet / travel. It could coincide with them finishing up with some other work they were doing. So not expecting anything super amazing, and not suggesting if anything super amazing happens it was held back! Most likely order of play. 1.) results are published. 2.) D14 screams “look at the costs”’ in a chicken little sky is falling down moment of desperation to get his buy in. 3.) investor call happens and we get some answers to some of our questions (those that aren’t commercially sensitive) and Robert hopefully sounds like a kid in a candy store but manages to hold it together and still be very professional at the same time! 4.) The SP does what the SP does. Hopefully we are all happy bunnies.

Don’t think anyone is a fool for buying! The great unknown of tomorrows presentation awaits!

Nearly at 2m for the day today. Another 100,000 buy should just about do it.

I’d say 660,000 traded in 1 hour would look like on our way! Appreciate charty peeps want to see closes above x or y but wearing a “fundamentals hat” this MCAP is still ridiculous with the land assets and technology we have. Details on how we unlock those and turn it to $ should make the charts irrelevant and put us on a much higher level. Not dissing the charts, just saying regardless of them, the value of the assets will ultimately shine through, but if the charts help get us back to anywhere near a sensible valuation, all hail the charts as well. (Feel so dirty saying that! :) )

Tomorrow. Along with the investor call and presentation.

Whilst you say “very few institutions will buy in” that’s true, if the fund or institution is looking for dividend payments / regular income they won’t. For funds and II’s who look for capital growth it will be an eye watering opportunity. Also those tracking the FTSE250 / ultimately FTSE100 there will be those companies which look in dire straits and falling out of them (sadly some high street names, there will be more that go as the World is changing) And as part of a balanced risk portfolio I’d imagine many would look at taking a small slice. There are lots and lots and lots of funds and II’s out there. It only takes a handful of funds to start investing hundreds of thousands of pounds or even a few million pounds (which in many cases is a minuscule amount of the overall funds value) to start to absorb a lot of the free float. There are plenty of companies out there in the FTSE350 which have income, but wouldn’t touch with a barge pole as the prospects for them (sadly) don’t look great. If they see huge upside, even with some level of risk, they will start to invest more, especially as the time to production shortens. Sirius as an ongoing concern post ST2 will probably carry far less risk than a good few other companies trading today in the FTSE350....

Chilting I do agree that now is a good time as any. Just look back 12 months and then look where we are now (in terms of mine development) We’ve gone from delays on D-Walling and doom and gloom to perhaps bringing forward first Poly. We’ve got clarity on the Port now and significantly reduced build time and initial cost associated with that. - This would also be a critical component of the overall build but we now know it is now lower risk item. We’ve modified our shaft sink company / method and also engaged a different approach for the MTS shaft. Tonnes of progress at the main site also. And we are now only 1ish Mtpa to go on TorP with plenty of regions still to sign up for any. With regards to the “might go overbought” after ST2. No doubt the bonds will dissapear at ST2 as well, the volume traded will be insane over that period, it will probably be volatile, but unlikely to be anywhere near this price if we’ve secured all debt. I would imagine, despite the “risk” that remains and is associated with the build itself, once finance is secured and a consortium of banks have done enough due diligence to lend ~$3bn to us, there will likely be a significant shift of shares into funds and II’s hands. It will be an exciting time I’m sure.

Blue. The acreage expansion is West Denver the oil and gas play. Another very exciting prospect but one for 2019. Kansas is the Nitrogen play, already have the one recompleted well with 2.581Mcfd coming out. The other formation there? We didn’t drill Charlie-1 waiting for results by collaborating with another operator. Additional acreage there? - That will be special. If drilling our own well was to coat ~$250,000. And we got 2,581Mcfd from this cheaper re-completed well, without even going into the formation Charlie-1 was going into.... What possibilities here?