Member Info for HopefulDave

In auction WINS went to 20p but dropped back again.

Will take 160,000 at 18.4 from my ISA... I can't get a buy quote though Perhaps this is the last hoover up?!

When I was sat down with them and was discussing an agricultural play with Paul Mendel it was certainly interesting seeing their reaction to finding out how much that company had managed to raise from AIM. They have said once before with the main market regs the amount of work they needed to do to get the PB placing away was incredible. Had we been on AIM no doubt we would have had more people invested, lots of oil and gas punters don’t like paying the stamp duty! Also the time it took and the aggressive shorting is what took that placing down to 12p. Had we been on aim it could have been done quickly and probably at 25-30p. However that ship has sailed. The money is in and we have funds to move forward with. I would imagine if Helios comes off they would potentially be dual listed.. I doubt they would look to relist in the US now, doesn’t make any sense to me.

Is it really 72.82?! Yowsers.

SL. It all depends, a dividend IMHO is trivial in comparison to the SP rise between 10Mtpa operation compared with a 20Mtpa operation, whatever gets it there the quickest! Personally, I imagine I'll still have a large holding outside ISA and SIPP at that time so happy to see the rise in the SP taxed at 20p in the � if I sell any, as opposed to being nobbled by the tax man with dividend payments outside of ISA and SIPP! That said, who's to say we don't get 7-> 10 -> 13Mtpa away at a big premium to the offtake pricing, and have room to both fund the increase and pay your token initial dividend out? How much of the extra odd billion $ from 13-20Mtpa needs to be coughed up straight away? I imagine the shaft sink from MTS depth -> down to the Poly is the main cost of that and the most time-consuming aspect of that project? If we have the demand for the 13Mtpa+ One hopes it is at a premium to the off-take pricing and maybe we can do both?

JJAL - If you believe placing shares at 30p if approached by a buyer was "dodgy" then ask what would they have got if went back to primary shaft - how many warrants would that have needed as a sweetener etc? They raised the money at 30p a share as opposed to probably 20p a share with PB along with other sweeteners. Personally, it was a good move, and again, in hindsight (seeing the Renegade South sections play out) a damn sensible one as well...

JJAL - The problem is they aren't balanced posts. They just attack the board and accuse them of incompetence, negligence, things outside of their control. It's taking too long, how long is "tipping point" etc etc That's impatience nothing more nothing less. Feel for the poor sods who bought UKOG at 8-7-6-5-4p. Now sitting on immense losses, and take a minor miracle to get back. I'm not saying my investment here, I never have btw, isn't' without further risk of downside (on paper anyway) however I'm not intending to crystalise those losses by selling out. The company has cash in the bank for ED II, Helios is a long-term play, and DTU as a new tech was always going to take time, but it is pretty clear to see that is moving forward now, especially if the company is actively pursuing sources of nitrogen etc! Nothing has changed in that respect, in fact, DTU has become a much more sure thing than it ever has been. Mostly these other posts are just annoying noise. I've yet to see a single well-constructed post that puts any doubts in my mind, especially now we know the situation with Renegade, the True deal that came to light afterwards, and the possibilities moving forwards repeating that play. The simple fact is we are underpinned with cash in the bank and soon to be $5-600,000 a month income stream. Most the other O&G plays that bounce around insanely are nothing but hot air, placing and let-downs, they don't have income streams so constantly need funding to stay afloat. If it wasn't for the Renegade situation we'd comfortably be sitting at 2-3 times the SP now with cap-ex free revenue from even more future wells. The possibility is there still (however in my view increasingly unlikely) to be a very amicable agreement with Renegade, but there is still Conoco's sections. We are friendly with Conoco, we can partner with big players, and with DTU we also have a potential BIG carrot to use to help us get land deals elsewhere in the basin. Think how long it took to progress section 15-16 and ask why? 1.) We intended to drill the next wells on the Southern Sections but the Renegade situation didn't play out well. 2.) We had gas off-take issues come up (accelerated) which held up further development on 15-16. 3.) The Southern sections have taken time, effort and money squabbling over. 4.) Initially we had Renegade land deal, then Conoco, then the spacing, then the lease purchase of 15-16. 5.) We had no partners originally, then Raisa, then partner 2. All of those things are done, dealt with, and we moved on from. We came away with a profit, and a free carry DESPITE all of those firsts, and then issues. Now we have relationships, partnerships, immediate go-to's, development will still take time, permit, plan, maybe gas pipeline etc, but everyone is on-board and ready to play from the off. It will move a lot quicker with ED II and IMHO so will the SP with it...

Cantors were "expected" to produce the Broker note within the originally quoted 10 days to their Clients - not publicly. Cantors wanted more information with regards to the future direction (note yesterdays RNS) as the forward-looking portion of their note was somewhat "fluffy" given the roughly $10m in the bank and no hard timelines on Helios / DTU they could publish yet. The additional ED wells was clearly a decent portion of revenue and they wanted some more clarity on that (as do we all) For others to suggest Cantors are shorting this whilst waiting to publish something that will ultimately substantiate their findings, i.e. we think price target is X pence, but we are going to short it, then buy back massively, then release our note, then say "oh aren't we great we tipped this at X pence and it's now Y pence....." That is incredibly dodgy ground to be on, perhaps worthy of a Bobby Axelrod play, but to suggest that is what they are doing has potential legal ramifications. I don't think for a minute they are doing that. This has been traded up and down for some time, long before they came along, but HNR's ability to move, double from here etc is as proven a model as the ED play itself. It's been done before, more than once.. I feel for people who feel "trapped" when the SP of something you have bought into drops into the red, it is never a nice feeling and usually far worse if you have been in profit and not taken it, and then you are in the red, I have a holding here that is in the red, and not a small amount of money. I'm not blaming anyone but myself for that. I could have sold in profit in the high 30's I didn't -> Thats on me, nobody else. I've had pension holdings when the markets have gone completely belly up, and seen 40-50-60% wiped off all the blue chip "safe-ish" investments "the professionals" have made with my pension money. That goes in cycles its part of the course. If you chose to invest in a single company directly (or companies) that is on you and you alone. To try and blame others on here is ridiculous. You are all adults, you have responsibilities for your investments. Nobody told you to invest here, you did so yourself, by yourself. The board have been honest with Helios - it's timescales and its risk profile. The board have been honest with DTU, it is a new tech and takes time to penetrate the market as a new thing. The ED play had a hiccup with Renegade, and we came out of it with the best deal possible after that. That play (without the awkward Renegade bit) is now repeatable, with the BIG partners, the Conoco's, The True's, the Haliburton's of the World.... Just have a bit of patience and stop moaning. If you do want out, perhaps don't talk the company down and slate the board!

Pretty much highlighting what has been discussed so far. Highlands will accelerate the development of existing projects plus invest in at least one new shale development project to follow East Denver due to: Increased cash reserves; Reduced capital, overhead and operating expenditure requirements; Long term revenue generation through a 7.5% carried interest in a least eight and up to 24 horizontal wells and; Provides additional time and resources to be used to develop new and existing projects. Testing to be recommenced at Helios Two in the near term in tandem with evaluating potential opportunities to enhance the economics of DT Ultravert (“DTU”), and in turn, its customer base Evaluating and acquiring oil and gas leases in new Colorado-based shale opportunities, with similarities to East Denver in terms of development process and value creation pathway. Rapid payback credential of the oil and gas development strategy have been proven.

Or hello. Mr 109,947 buy.

I hear you brother (or sister) in a Life or Brian style. It is rather frustrating, but know simply one or two RNS’s away from potentially something very big and we are producing. It’s not like we have no revenue. If we were dropping towards a placing I’d be concerned, but we know we have the $ in the bank and we know we have revenue inbound and more to come, hence happy to just wait it out, as fundamentally we are in a good place.

We are just parked here waiting for news. It’s no biggy. Bit of sideways consolidation never hurt anyone. When the right news drops it will re-rate. Nobody is here for the odd penny either way, maybe a few traders, but any invested here, and I use the term invested, is here for the potentially huge gains on offer, or should be! Can understand the frustration. I’d much rather be sitting on a giant blue number, than a giant slightly red one, but I’m confident enough to hold and not moan about it! At ~£9k a penny clearly I’d much rather be back in 30’s and beyond...believe me!

I think you’ll find the other day we went up. I think you’ll find today we are flat? For me. Every day would indicate every day...

It’s trading between 20 and 20.45 Hardly a panic!

As expected, explained by the fact it’s a % of the overall value of the fund. Represented in value of shares held as opposed to actual shares held. They carried on holding through the dip then.

Cantor = due to publish a research note, and no doubt a price target along with it.... When, who knows, but it is due soon/overdue..

Whilst Helios is a "long-term prospect" opening up the 3rd frak stage and proving the hydration has indeed naturally fractured it, and the flow rates are good will prove up the Eagle formation on our acreage and no doubt result in a significant re-rate regardless how long it would take to actually get to production. It will prove the gas is extractable and then you can start multiplying out that fact against the 220,000 acres we have now and not the 69,000 in the CPR! So whilst that may be longer term for revenue generation it will begin to firm up the actual resources we have, extractable, and under our long-term leases. DTU - Correct that we could get news at any point, it could be a commercial deal, it could be another successful basin test, or it could even be that we have carried out work and as a result are due revenue from the uplift in production. As for ED, a new farm out could always rock up at any moment, and with the partners utilised to date, we may find not only do we have new acreage, but no wait on finance to commit to getting underway once permitted. More prospects, no dilution..., and more revenue generation in the pipeline. All that whilst we continue to progress the drilling on 15-16...

There is no issue with section 15-16 where the two producing wells are, nor is there an issue with the 6 currently being drilled wells on that section either. All the Renegade discussions, or lack of, are around the two southern sections. Whatever comes out of the two southern sections at present is completely unknown. Maybe nothing, maybe something, maybe all of them. It all depends what, if anything, can come from any amicable discussions between Highlands, their partners, and of course Renegade, COGCC and potentially even the court system if it goes that far. One would hope, with the financial muscle of the others involved, one could come to an amicable partnership where everyone benefits.... The odd percent here and there makes a big difference, and with other infrastructure components required to make the sections actually viable, there is every chance something amicable or even if not amicable but mutually beneficial, at least, could happen. I’m not counting on it, and look at any progress on them as a bonus. We have unwound our capital investment from ED and have a current and future revenue stream and are clearly ready to re-invest in ED II, Helios and of course DTU also. I don’t think True, a billion dollar company, would have paid us out $5.4m and committed their rig, personal and considerable costs already spudding the 6 new wells not to mention what drilling costs incurred already, if there was any issue with section 15-16. That investment IMHO is safe as they would have done their due diligence before entering into that agreement. In short. The dispute on the lower sections is an annoying situation, but one that one way or the other will play out. IMHO it’s lack of progress and potentially nothing from them is long since priced in. I don’t think we are valued any where near enough for what we have already, ie the 8 well play, DTU and Helios, let alone the value of the lower sections if anything comes of them. As Fad’s just pointed out also it’s possible if we all can’t play nicely that Conoco may well let us get on with drilling on their 640 acre sections alone (subject to repermitting etc) but until the last possible solution is no longer viable, the possibility it can be drilled as planned amicably and with us getting a free carry is still potentially on the table. Just my two cents and more than happy to hold here and increase if possible :)

Hmm, it all sounded so good until the end Joy! If the bejesus is complete we should all have mansions!!

Holding and increased.