Member Info for HopefulDave

Hey a guy feeling is ok too :)

That was to Fad btw! I enquired as to outstanding warrants and was told 31st July and 12p. It is a much more rounded figure. Rather an odd number 1,666,667 and at 14p? £200k kind of adds up so I’ll stick with my numbers and I guess will see at end of the month (or before) when they are converted and we see the docs at comapanies house

Yay! <claps>

A) don’t concern yourself.

The only shares of note left to be be issued belong to Robert himself.

B) there should be no need to issue more shares than those we know about already.

I.e. revenue from ED and hopefully revenue gained from Kansas should provide us more than enough to be getting on with for initial Helios work, Kansas itself, DTU to continue (even the tests there could be cost neutral or potentially revenue generating soon with our Nitrogen play) and of course permitting WD.

WD will take some initial capital (probably) before we engage a “True” to carry the majority capital burden but then gain a much more lucrative working interest moving forward in 2019. It may be we can do this ourselves depending how Kansas plays out, or we may do with partners funding parts of initial Wells also (alluded to so far)

I only suggest us putting capital towards WD as if we have it, it would be rude not to, and keep a higher %.

The big difference at the moment compared to before with no revenue and only one avenue to get it (ED) is we aren’t massively time bound to start throwing money at anything in particular, we can concentrate our capital on items most likely to return more capital to us in the shortest timeframe.

Currently. This looks like that may well be Kansas, and fortunately those drills are cheap with what looks like high return potential.

The next shares issued should be the warrants 1,666,667 at 12p. £200,000 will be raised at the end of July (probably mostly already sold)
Then in February 2019 the advisory board (so unlikely to be sold) warrants at 1.5m at 25p (£375,000)

So that’s £575,000 more into the company bank that’s coming prior to WD drilling for starters.

What remain then are a further 1,450,000 staff options: 27.75p (250,000) 31.5p (200,000) and 32.75p (1,000,000)

I’m not sure when they expire (on iPhone)

Lastly founder warrants of which Robert has 26,810,000 and broker has 990,000. They are at 5p, expire much later in 2020 and are at 5p. (£1.39m to company bank account)

So in total we would have approximately 148.5m shares in issue (I’ve always based 150m shares on any future long term SP calculation) but right now I’m hopeful all of my previous calculations are going to be upsides substantialy.

I really still don’t think everyone (clearly not the market) gets the significance of Kansas yet, I’m hoping my gut feeling is right, but even if not, what we have already is significant.

Just listen to how excited Robert is talking about it...

Indeed Fad. + not forgetting the brucie bonus of what’s down in the other formation Charlie-1 was going to be drilling..

It makes for a timely call. It also means sensible questions can be answered and stupid ones not taking up peoples time on the call itself. Could you imagine half the questions some posters on here would ask?

Just what you want some prospective fund or IIs listening in and can’t get their questions in because someone is asking questions that obviously can’t be answeeed due to commercial sensitivity, ongoing negotiations etc.

Hopefully he will get some good questions and more to the point everyone gets to hear the answer.

I’d imagine we will maybe just possibly get some news before then to digest.

More fitting of a FTSE 250 company than a small cap.

This time next year Rodders (or maybe one after that)

That’s rather professional. Moving up...

Under no illusion the ED deal and current lack of additional wells beyond the 8 there is what hit the rise. Necessary and the right thing but dampened the spirits of the PIs. But Kansas has the ability to provide serious revenue for limited drilling cost and 0 dilution required. We only have 116.5m shares. If Kansas can produce multiple millions in revenue by itself it won’t matter if the PIs who pile into the Aim O&G P&D darlings buy us or not. The revenue and MCAP will be severely out of balance and that will draw in more than aim gamblers, it will bring investors. :)

I would imagine the reason you say DTU being commercial is because it would be another revenue stream. If they announce they have a commercial Nitrogen sales contract with x or y and we are selling it for a big profit, I would have thought that would be a very large SP catalyst as well? Add that to possibly more land there / details of the other formation, and I would think there is also that to consider for a very healthy SP rise possibility? The Kansas play with help DTU for sure. More successful tests done cheaper would be great news. More successful tests at 0 cost or better would be excellent news. All the above is possible soon! We might get Charlie’s reservoir details from the other operator and also may get a flow rate increase of the existing well. ED producing more $ soon is also key. Small cap shares love future prospects, but they love revenue even more! Start showing the $ being earned and the SP will move upwards.

And with our volume try buying 35+m shares on the quiet!!!!!! Without raising the SP.

So now the finances are well and truly back in favour as Robert says....

Enhanced Oil Recovery plays ongoing - and increasing - tick.
Oil price now well into (and beyond) recovery point - tick.
The company that wasn't going to do it before involved in its own Enhanced Oil Recovery - tick.
The company has the funds to now do it? - Can only but speculate - have no idea on their bank balance or future projects, but they certainly would appear to have some funds to reallocate / large investment budget holes with that kind of spend no longer being made?

Pure speculation - but do love a bit of gossip :-)

Podcast with regards to the C02 play....

it is mentioned (deliberate clue?) that it was a Kinder Morgan Pipeline to the Permian Basin that wasn't put in place all those years ago for the CO2 ($900m) cost to them (KM)

Robert mentions this is a long-term play, and it could be trucked from the field if need be, but just out of interest, here's a thought....

Given the recent news about Canada buying the Kinder Morgan Trans Mountain pipeline project which shifts a reported $3.4bn cost from Kinder Morgan to the Canadian Government, I wonder if they might look to invest that capital somewhere else, you know, maybe some projects that have been on hold for a while waiting for an oil price recovery perhaps? Hello Hi Mr C02 Pipeline project perhaps.....?

https://www.bbc.co.uk/news/world-us-canada-44243921

Some links I dug up on the pipeline in general.

https://www.kindermorgan.com/content/docs/lobos_faq.pdf
https://humanimpact.org/wp-content/uploads/CO2PipelineHIA_FinalReport.pdf
http://www.resistiendo.org

I like the last one, but not sure they will, as usual, environmentalists claim success, but as per Robert's claims it appears the approach was, it wasn't viable due to economic reasons at the time...

Well oil prices have very much recovered, and now they aren't committed to that spend in Canada, maybe just maybe, they'll come back to this.....

“It’s in the Deep-Freeze”
That’s how Kinder Morgan unofficially described the status of the Lobos CO2 pipeline to the Bureau of Land Management.

And Resistiendo could not be happier!

On Jan. 21, 2015, the BLM contacted Resistiendo to inform us that Kinder Morgan was withdrawing its application. It is beyond our wildest dreams that the fight we have been waging for more than a year has paid off. This proposed project – a pipeline that could do serious harm to our sensitive environment, disturb historical and cultural assets, impact critical watershed areas in the region and negatively impact our economy – is no longer an immediate threat.

In a press release announcing its fourth quarter earnings for 2014, Kinder Morgan said: “Due to current market conditions related to the significant decline in oil prices, KMI is re-evaluating the timing of its planned investment of approximately $1 billion to develop the St. Johns CO2 source field in Apache County, Arizona, and the associated construction of the Lobos Pipeline and expansion of the southern portion of the Cortez Pipeline.”

While Kinder Morgan is citing pure economic reasons for abandoning the project, Resistiendo and its supporters feel that our work did have an impact on the company’s decision. While we may not have stopped the project outright, we did prove to be a “burr under the saddle” of the multi-billion dollar company. And our work to delay the approval of the project almost certainly contributed to the company’s decision.

Yes of course it was due to your tireless efforts.....nothing to do with the finances....

I wouldn’t like a she investigation. Eew. Anyway. I don’t know what the industry average is, but if we are still below it as mentioned here, then it’s below the average for the industry. Nobody wants a poor safety record, but if it is below the average then it isn’t poor? This is a complex project, multiple locations and multiple big things happening, there will be accidents, it is inevitable. If we are currently below average then that’s good as far as I’m concerned. I don’t want there to be any, but on something of this scale there always will be it’s that simple. No project of this scale completes without any, I hope none are too serious but there will be some. Those constantly bleating about it every time the RNS come out clearly live in the artificial bubble land that has been created today where kids can’t go out to play unless they have a fully charged mobile phone strapped to them, a first aid kit, knee and arm pads, and a safety helmet and that’s just to cycle around the grass in the back garden! We all want 0 accidents, but there will be some. We all want 6.5Mtpa TorP (or new equiv) it’ll come. Patience, and baby steps all that is required here.

I note all the recent dilution posts yet nobody picks up on circa 6.5Mtpa required and at 4.7Mtpa. If you don’t think it’s possible to sell 1.8Mtpa to Brazil and Western Europe and then you may as well get out now! It’s all about spreading this out. Multiple deals to multiple regions as said multiple times before! All looks good to me. Happy to sit and hold here and wait for my multiples of the SP!

Solar & battery & external electric source or if too pricey / not viable / no external electric source then... Standard generator truck(s) if able to be trucking liquid nitrogen out, can truck then in and liquid fuel in?! Can’t see an issue getting started with local generator capabilities initially? Not difficult to plop instant energy in anywhere these days, as long as you have access which clearly we do, we got the drill in!

Lets find out what Charlie could have delivered also.... I guess we are still working with the other operator on establishing what Charlie-1 could have produced had we needed to drill it....and trying to get reservoir information. More news to come on this play soon me thinks.

We were using equipment to liquify the gas at East Denver. The team is used to dealing with gas and that sort of thing. Perhaps that is the “equipment to help DTU move for wards” eluded to in previous RNS. It’s not a surprise to them. They expected this. They wanted this. They aren’t sitting around scratching their heads wondering what to do with it now?!!! They have a plan.

Not only does it give the potential to accelerate DTU but significantly is additional revenue streams soon.

Selling to the O&G industry will be great, any industry will be great.

Don’t forget we not drilling Charlie and waiting for the results back from the other operator as well. That’s just the one formation?!

Nice. That is all. Getting ready for work :)