Member Info for HopefulDave

Would / wouldn’t take time out to post. Meh. Get the point. The volume is low. Any large numbers won’t go through. That shouldn’t be surprising.

Why bother posting can’t sell? Different brokers sometimes you can or can’t sell or buy. Volume is low. It’s not surprising. Doesn’t take a rocket scientist to work out can’t sell a load of shares at the moment. I find the whole “can’t sell” or “can’t buy, going to nt” posts just a tad crazy and pointless. If you were desperate to buy or sell in those situations you would take time out to post here you’d be setting your trade below or above the current price to ensure your trade happened?!

When we least expect them!

Rug squad sounds nasty.

What makes me laugh is he makes so many attempts to deramp it with wordy explanations he has now resorted to simply the message he posted!!!! Fully Diluted as he refers to it actually would make us his £7m GBP in the bank + the money we would get from said fully diluted status (i.e all warrants and options bought up) So chuck another couple of million in the bank for that D14.... So roughly £9m in the bank (fully diluted) + initial income of $600,000 a month once these initial ED wells are online + the development of all the other projects and then an MCAP just over 3 times what we have in the bank = severely undervalued!! WD he is now accusing the board of effectively lying in the RNS, Nitrogen (despite used in the O&G industry outside of DTU, and our prominent location to all those O&G fields is also worth allegedly worth nothing) I think its got sun stroke in Morroco, or is just too busy stroking something else again.......

When did these particular options expire? Maybe there is no more time left, and its a case of pot the difference now or lose it?

Not sure if he left for pastures new, or what. Don't like to speculate on an open forum as he was a really nice guy from the few chats managed to have with him. That said, he's a finance guy, and we don't need complex finance anymore. Repeatable deals are easier to find. Revenue is coming in (and will increase) and we have established ourselves with a number of potential backers for the WD project. Am really hoping for a nice setup on the Nitrogen play, not only providing the big players with Nitrogen for DTU should it take off, but simply as a low-cost producer, and supplier, with our geographical location slap bang in that 200-mile radius of all those O&G fields.... Once again don't think people have picked up on the potential of this project!

See 88e RNS..... Nitrogen in O&G Industry isn't just for DTU.... Hint Hint. Kansas location to oil and gas fields in USA. hint hint...

I kept buying from 21 down to 18.

..... continued. If belong to the AB they unlikely to find there way into the market shorted etc. They expire 3rd Feb 2019. They represent £375,000 of money for the company before then, or $487,500 at $1.3 to £. The remaining 2.9m are options to Highlands staff at prices between 27.5p-32.75p. So an additional £459,875 assuming they are exercised. In short.... we should not need (if all goes well) additional external shares to be issued beyond what is known already. There is a small time limit now on the majority of broker warrants out there as they expire in July. The remaining shares (bar 990,000) are likely to end up in the AB or Boards hands and probably not into the market. The founder warrants (assuming they and Robert ultimately convert) also put a further £1.39m into the accounts. So for me circa 150,000,000 shares is all we will have if WD funding is as expected, ED releases revenue as expected. Kansas could be a bonus play and assist with DTU testing costs and possible 2nd revenue stream. Looking forward to Kansas updates and ED drilling updates this week.

At the end of the day.... The known warrants are out there. The known end share state as it is today is out there. In my opinion, it has to be that which has dragged the SP down, alongside then self-fulfilling charting, and also PI’s expecting the effect and also selling. For me down here it’s just churning about (and don’t shoot me down) healthily. I as you know look at things positively, so my two cents is as follows: I’ve based my forward looking projects on roughly 150,000,000 shares being in issue, and see no reason for that to change in the future. 1.) this has provided an opportunity to increase holdings, or buy into a company at an artificially low price to the true value of its assets, it’s people, and its growth potential. 2.) the end-state known shares in issue is currently 148,914,367. There is no room at present to issue more, and if the company indeed can manage to get WD free carry in the 20-30% + bracket that would be a significant revenue stream. 3.) ED will continue to support us, regardless of the end state with the additional 16 wells in the Southern section, the initial 8 wells will carry us through and enable us to find drilling in WD alongside partner (non-dilutive) capital. 4.) Kansas could well be an additional revenue stream brought on line early, it could also make DTU progression rapid if it enables us to perform tests at a cost neutral position to us imminently, and then potentially at a small profit even during the testing process. 5.) Helios at present should not be an expensive re-visit and should enable us to get some comfort of the increased asset value there if that test proves successful. Whilst not immediately providing proof of commercial viability it will certainly indicate everything is as expected and the current assumptions on how best to make it viable are all looking good. 6.) whilst these warrants may well have been used to depress the share price, one has to look at the upside. Having mentioned the ability to increase holdings “cheaply” with additional shares. 6.a) The 1,666,667 warrants expire on 31st July and provide the value of £200,000 (or ~ $300,000) into the company bank accounts. According to the recent RNS’s that’s likely to more than cover the Kansas Charlie 1 and Barret 1-14 wells. Im using this as an example before certain individuals claim the “cash drain” on our bank accounts.... 6.b) After these the only other warrants in play either belong to Robert, or a smaller number of broker warrants (990,000) which don’t expire until 2020, and as we move forward with the projects and revalue accordingly, would more than likely be used for profit. When II’s look to get involved it’s more likely they would get converted and sold straight to an II. As far as additional money goes: 1,500,000 Advisory board warrants at 25p. If belong to the AB they unlikely

Yes was somewhere in the region of $6

Yeah I mean what is flared / vented currently was less than1200 BTU? As the NGL’s (1400 BTU high value gasses) are produced locally to NGL and sold? Unless misheard that.

Produced 500,000 gallons of NGL so far. Take the BTU from 1400 to Under 1200. Gas line is in construction and will take all the gas away in the future and the local processing will be removed. And that was that unless missed anything. Oh I did miss Ed being peed off. Shame. Might have to listen again just for that!

A) high pressure. b) because they wanted natural gas from it and it had too much nitrogen which they didn’t have the need for at the time / want. Not viable for people who want natural gas to sell. Very viable for people who want the nitrogen....

Nice!

Indeed Genty. The pace of it is very interesting. Not sure what the timelines are down there on permitting etc (clearly not that slow!) but as you say “lease on 31st” to drill on site and mobilised on 11 th June is pretty impressive. #keen

Must admit this play sounds fantastic. Like the responsible aspects of it also and the dialogue between Highlands and local governing body on the re-use of the old plugged well first. Also like the “due to the high pressure” it’s clear that whatever was down there is a high pressure well so the flow rates will be high. Just want labs to confirm the purity of the nitrogen and any possibility of helium...?

Well I’m guessing we will see spacing requests, then pad and well permits will go in whenever they are ready, and know where they want to drill. Not sure how much more work they will need to do now before permitting begins? Now we have the leases do they carry out further surveys or anything like that, I’d imagine some work still to be done there? They may also still want more land round wherever it is so might not want the requests in until they acquire more possibly? With regards to the RNS - “Potential drilling in 2019” so I guess that depends on permitting going in and being granted this year, and then the required finance to drill them.. We should see plenty of COGCC permitting action for later this year for WD, and of course finance deals being done as well. I imagine we have the financial partners in mind already, but they may not commit / publicly put their money down until the permits are in. Either way. Should be a RNS / COGCC clicking refresh fest for a while later in the year! I see no reason why this WD project can’t just run in parallel to the other plays. ED is effectively just ticking over with True drilling now.

I believe the deal as it was rolled over for another year so in that case it would be applicable. There are plenty of potential customers for the nitrogen local (circa 200 miles) from the Kansas play in the oil and gas industry, let alone the other commercial applications. Whilst this can be used to reduce the initial cost of DTU to help penetrate the market, once established we could in theory pretty much charge out the whole solution with a much higher margin if producing this ourselves. Being the nitrogen supplier would make sense if we are producing it, and charging market rate would hopefully give us a very healthily payday for DTU applications. Once commercial DTU effectively pays for itself, no fine, better reservoir and better production rates = no brainier. It’s the initial getting it out there we need and this will hopefully make a huge difference and give DTU the initial leg up. So short answer, I think it has rolled into another year, but expect a few more tests then probably different deal(s) signed up once things are really hotting up. I’d expect the nitrogen supply would be a core part of that, but either way it sounds as if it’s expensive to extract via usual methods, and our drill should produce it at a lower cost than currently being paid so we would be the natural choice to provide regardless. 1.) helps us get it out there now and penetrate the market. 2.) not sure if the current NPV for DTU includes us producing nitrogen ourselves at significantly lower cost than market rates and the associated profitability on that...