Member Info for JiffyBag

Must admit my heart was in my mouth when I saw that Red Dot , perfect time to release bad news I thought to myself ,5;54pm on Election Day........... so relieved it was only CA playing games again.:O)

SF,

Most probably IMO, BTWTDIK, CRS need the cash it would appear?

AK,

Thanks for your very detailed answers and questions too of the Water on the Brain Conudrum. For me I must admit I thought of bailing out today, but when recalculated what my new average SP would be I thought F---k it, if I have to wait a year or 2 so be it.

What I will now be looking for from HUR is a revaluation of strategy perhaps on going forward into 2020. I would like to think if at all possible HUR might bring forward further new drills on Lancaster plus of course plans for a 2nd FPSO to maybe late 2020?

DC/AD,

How come one might ask, are we only just getting round to the commissioning the ESP's 6 months later, is that par for the course?

BuyinMay,

Exactly, I made and posted the same sentiment, in that it 'DID NOT ADD UP'

SR,

Makes me wonder if this is the real 'Sting' EV has been on about in his rambling musings , not funny of course.

AK,

Point 8: Today Malrees< Thread Title Water

'There is a great deal of nonsense being written on this board, mainly by people who have no worthwhile knowledge of Lancaster. I assume they have some ulterior motive.
However, I suspect that one of the main issues is that even if they wish to understand more, they are incapable of doing so. I am not a geologist, but having spent two hours assimilating what is in RT's latest Lyell paper, which was posted on 29th November, I am totally relaxed about my investment here.
For those with the knowledge and/or inclination to understand more the link is:'

HTTP://jgs.lyellcollection.org/content/jgs/early/2019/11/29/jgs2019-142.full.pdf

Ok, no worries :O)

Jay,
Look for thread: ESP Switch on by Jack Swann, today basically states.......

'Afternoon all. I’m new to this site so bare with me ;) Been trading a few years but relatively new compared to many of you.

'I have been told for certain the VSD commissioning engineers will be in board for ESP switch on early Jan. With that in mind I’m surprised the amount of negativity for HUR..'

Albi,

Thanks, Good Man. Odd how LF is not vailable today , mmmmmmmmmm

Albi,

Do you think HUR are aware of the LF postings?

Mr B, Re: 'Please excuse my ignorance, I’ve been away for a couple of weeks.
Can someone tell me where all this hysteria about water % originated from ?
Nothing in RNS’s.'

Was posted on a website called 'The Lemon Fool', for some reason it isn't online today.

Postings were on page 39 or 40, I recall.

https://www.lemonfool.co.uk/

Look up HUR Forum discussion pages when it comes back online.

Manwell,

Re: 'Spirit will 100% become operator. They will drill in GWA every summer months for 4 years starting 2021.'

Drilling 3 wells next year 2020 in the GWA, have a look on HUR website in Reports,

Biffa,

Would also been useful to have included the last paragraph from the Sept20th interim report as I have on at least 2 occassions.

ie, Now that both flowlines are in operation again, we can see that production from the -6 well continues to be of dry oil.

Given the proximity of the wells and strong interference between them, this is supportive of a stranded pocket of water being intersected by the -7Z well.

Hurricane’s analysis suggests that current production is only coming from a relatively short section of the borehole in the vicinity of the heel in each well.

Over time, fractures further along each well bore are expected to contribute to production, reducing the impact of any individual water-bearing fracture.'

AK,

'I simply cannot understand why now this criticism of the CFO has emerged here, now. Unless it's yet another 'dig' at HUR in a manner as to instill fear in shareholders' minds and think there's something going wrong.'

I am not fearful of it as such,but am questioning it as to why that's all. Would be a good exercise in looking at other companies if the same state existed, and yes maybe the FD is a special case.

I do know for example the same scenario exists with SXX.

Anyway, off to bed now, Good Night.

AK,

There has to be a positive connection between a Director and his / company perfomance, and his owning shares in the company that he manages , and his own motivation to enhance the value of his held and other shareholders as that is a basic tenent of being a PLC Director. Otherwise the model is Bust.

So, going back to AS, you have to ask yourself why has RT got 26M and AS 4K?

They are both part of the same team, its an interesting conudrum and may be non sensical or it may be that AS simply has no desire to hold shares.

AK,

Not sure on this point , are shares given to directors free of cost? yes they are awarded based on options to purchase xxx numbers at a given price.

So bottom line is, if as a Director you can purchase shares at a market discount and that adds value to your own personal wealth then logically that is what will happen.

If you own for example as many shares as RT, then all being equa,l you will be motivated/empowered to protect that value surely?

AK,

So if I am reading you correctly, the CFO should always remain impartial, because he has his hands on the financial Tiller, he knows what financial reality is at any given point in time? (yes of course that must be the case)

So the moment that he does buy, is that a massive signal that the SP will surge North? (Most probably IMHO)

At what point therefore does he become a financial investor in a company that he manages? (That is the $64000 dollar question)

Yes I know there are what are called 'Closed Periods' where Directors are not allowed to buy shares because of inside knowledge/information but AS has had ample opportunities along the lifetrack of HUR to build a position, that is what I am saying I suppose.

Is this Negative or Positive?

Is it because he is a Tight Fisted Scot? :O)

JGF,

Anyone heard of a company IPO-FX,

No , Do they sell Pizzas@ :O)

EV,

This is why I ain't selling anytime soon, so long Trigger!