Member Info for JiffyBag

Hi Captain,

Re: iffy - ggp are valued at almost a billion - how much income have they got?

For now zero income, but you need to understand that in GGP's case their joint agreement with Newcrest Mining a multi BN valued company, is adding value to GGP because of their involvement and spending millions in determining the value of gold in Haverion etc ( and GGP havefurther more areas yet to explore of which thet own 100% under their licence holdings) and Haverion is slowly turning into a Tier 1 asset.

Will not go on about this too much on the HUR board, but I would strongly suggest you take a closer look.

It's all about the value of the assets and bares no comparison at all to HUR, as of now GGP has already been proved.

Just DYOR is all I would say.

I hold some shares in EUA and a very astute poster on the EUA board , Rowka, has highlighted a very interesting concept (to me anyway) re seismic tomography.

https://www.dmt-group.com/services/geotechnics/engineering-geophysics/2452-borehole-tomography.html

The thing is, Rowka's comments re EUA might equally be applicable to any mineral explorer, ie.GGP?

Are we using this technology?

'The interesting thing with these modern gadgets is they can be winched into existing boreholes as well as operating from the surface.For borehole measurements and mapping, 2 devices are winched simultaneously into boreholes (50m’s apart) then measurements are taken from the space between. This data is then wirelessly transmitted to a mainframe system. The amazing thing with these devices is they can detect specific metals and calculate the grades.

AP’s products https://aplimited.com/products/

This site offers case studies for seismic tomography work in South Africa, note, the devices used today are far superior. I found case study 2 more informative than 1. Look at the cost saving percentage (x 78) ‘mind-blowing’

https://www.911metallurgist.com/blog/wp-content/uploads/2016/02/The-use-of-borehole-radar-in-detecting-disruptions-in-platiniferous-horizons-in-the-Bushveld-Complex-South-Africa-the-financial-implication.pdf'

Just an interesting parrallel I thought, and thanks to Rowka would like to know what GGP technocrats might be doing along similar lines,if at all?? Just an interesting technical concept is it not?

Sunshine,

Re: 'And there are thousands of hard-working individuals who left their money in HUR and look what happened to them (me included) We had the best BOD, best asset, etc etc. BANG most wiped out by mm, shorters, and most likely a corrupt BOD. '

In general I don't disagree with your analysis, except companies like EUA and GGP (Of which I hold) are generally in a far better position than HUR right now. I to have lost a large wedge on HUR but am now recovering my loss albeit very slowly . What HUR investors need to be mindeful of is that Crystal Amber (Just look through historical RNS's re HUR are principally traders, they are not long term investors and will seek any opportunity to make a buck) They may be buying today but you can be assured they will be selling in the not to distant future. That is my opinion , and I will not be swayed into jumping back into HUR until the fundamentals begin to change. ie, A revised strategy of new drills for Lancaster be they Sandstone based or other, and a resolution to the Spirit Conudrum that is currently a millstone around the HUR kneck.

Rnsman, is a very, very, sad individual and desperate as hell, in fact if you look at his posts on Advfn it's as if he's snorting Coke most of the time :O)

He makes no sense whatsoever, no rationale, posts are 100% Juvenile, a complete and utter fruitcake!

Sunshine,

Re: 'EUA, don't make me laugh unless you have sold and banked recent profit, The shorter's death roll will also get this share as well. Just a matter of time'

You are aware I take it of the demise of the recent shorter JUB Capital? whom accidently left a short open on EUA and have now gone bust :O)

Read Statement of Affairs it's all there re EUA
https://beta.companieshouse.gov.uk/company/08803382/filing-history

AK,

Thank you for your thoughts on the presentation, I am now begining to think, given the HUR presentation re 'Aquifer' theories etc, that DSPP was correct in his analysis.

That said, I still think that if HUR take a conventional Sand stone approach as oppossed to a FB one for the next Lancaster drill programme, we are left with a slim chance of survival, other than that, we will slowly erode, as the now theoretical available resources will not support production for well 6 beyond the next 24 months.

Sandstone Yes!!!

https://www.youtube.com/watch?v=aEl7cXaAvk0

Hi AK,

Just watched the presentation and re your comment,

'By the way, look at the company website. It's changing, day to day. Hurricane Energy is seemingly no longer a company dedicated to exploring and developing Fractured Basement reservoirs.'

I agree 100%.

I think the only way out of this mess is to abandon FB for the time being, and concentrate on available potential Sandstone reservoirs within our licence areas , purely and simply to acquire some much required cash.

The question in my head now is:

Do I spend $60-70 M dollars on a water injection system, or do I drill a conventional well into the lancaster Sandstone?

https://www.youtube.com/watch?v=U95nlb_AXy8

Increase productivity but how?

https://www.youtube.com/watch?v=QI-wcDt-_yM

Ye Haaaa ::O)

https://www.youtube.com/watch?v=QI-wcDt-_yM

Alavib,

Re: 'Exactly, as I said before how on earth the resource goes from 400+mb to under 40!!
If that is true then the company which put out the CPR should be sued as they as the independent experts confirm from data logged the estimated resource, no way they can be over 400% wrong
These companies have their reputation to protect. If any thing they are very cautious in their resource estimation and COS %
So I think this new BOD have deliberately put out that stupid RNS to start from a clean slate and in a few months time all of a sudden the numbers will vastly improve or they have already a predator lurking about who wants to pick HUR dirt cheap and has promised the useless new BOD job security and fat bonuses if they can deliver'

I do hope this is not another SXX director/old mates/lets do a deal/ all pre arranged/ potential takeover debacle/ we know the true value of your assets/ so Fk the PI's/ , all quietly set up to shaft Retail Investors?, will all soon find out for sure, IMO.

No longer have any trust in the world of AIM, there are but a few legitimate and trust worthy companies in AIM, but in the main, AIM is largely and wholly corrup,t so beware new investors.

'Dr Robert Trice, CEO, said: “This is a highly significant moment for Hurricane and I am delighted that the Halifax Well results support the Company’s view that its substantial Lancaster discovery has been extended to include the Halifax licence. We believe that the Greater Lancaster area is a single hydrocarbon accumulation, making it the largest undeveloped discovery on the UK Continental Shelf.'

Too many conficting messages and yes we know matters have changed as of late and mainly a requirement to simply survive for now , but the oil is still there isn't it?

'Hurricane Energy claim to have data that backs up the company’s view that the Lancaster field and Halifax prospect is one single large hydrocarbon accumulation.'

Data being the operative word!!!
https://www.energyvoice.com/oilandgas/north-sea/134911/breaking-hurricane-energy-prove-lancaster-halifax-one-structure-claims-largest-undeveloped-discovery-ukcs/

At the end of the day, and I admit perhaps I am somewhat showing my ignorance here, but the question in my head right now is what are Cytiva actually contributing to the Avacta journey?

Why do we need them given ELISA etc?

Always Winning,

And that is why Avacta IMHO have just released their latest RNS Re: ELISA?

Let the world know what is factual and available.

Any suspicions re Cytiva have already been countered have they not?

Chester,

I like your thinking re : 'I now understand more that the actual figure given in the MRE will not be at the whim of Newcrest but a fully assessed resource by an independent geologist.'

This question has always troubled me.

Are GGP also on the ground watching all that goes on with MRE and are independantly verifying everything, I hope so?

Ok, pin the tail on the donkey time.
15th Sept, 07am RNS.

As to a takeover price? , finger in the air 85p?

HI AK,

Hope all's well with you mate. I'm still in Lockdown in Greater Manchester just been extended again.!

Since the Lockdown started back in March have managed to regain some of my paper losses on HUR and others but have a long, long way to go yet to break even, such is life.

We need clarity and a reason for further investing in HUR and am just hoping that the new CEO can offer that, and perhaps retain RT as chief technical advisor?

Other than that, hows the Poker playing going? :O)

Hi AK,

Exactly, a company like HUR and it's future technical success more like, is wholly dependant upon technical and commercial acumen and if key technical personnel (RT) are no longer there what then?

How many FB petroleum/geologist experts are out there ?

A worrying issue?

Having said that, there must be quite a few within HUR that have learned a lot from Lancaster , lets hope so.