Member Info for littlened

As a self appointed referee between Hasiba and ADUK.I suspect you are talking about different things.
ADUK is saying that the 'water cut' is perched water.
Hasiba seems to think that ADUK is implying that the current problem with the 'interference' is due to this 'perched water'.
Is this what you are saying ADUK or has Hasiba misunderstood ?

Whilst there is always the possibility of a black swan rising from the depths like a Kraken to confound the lot of us,most intelligent investors here are aware of huge undervaluation here when appreciating the current profitability and the asset base.It seems inevitable that someone will bid here to take advantage of this value and all we LTH aficionados can do is buy more to make sure we profit from any such moves

Not a very logical statement Haggis.If the shares reach 25-30p it will be as the result of some good news on profitability .size of assets and their viability etc.Wouldnt you want to reassess the situation in the light of those new circumstances ?

Typo,state not stare !!!!

If there is a second wave,whatever that means,the response will not be the same as it has been,anywhere in the world.The destruction of our freedoms,our social lives,our livelihoods,the non Covid related illnesses,non Covid related deaths even,has been too costly ,much too costly and it won’t happen again.Those not in the pay of the stare will not stand for it.

Yes I have always looked forward to your posts,always interesting and informative.
I think you have sold in a fit of pique and exasperation,not logic.When you have calmed down I think you might return.

There are NO water cut issues with HUR.Whatever exists is manageable and is 'perched' not aquifer according to Dr.Trice who quite possibly has more information than you

The FB isn't at all dodgy,they are profitable with just 1 well in production.If Lancaster works why not the rest of WOS,huge reserves ,over 600m,just what RRE would like to get their hands on.The share price is a disaster but not the company.They have £121m in cash,£480k per month oil sales from that 1 well,whats not to like at a market cap of £176 ?

I hold HUR too,who have cash and huge reserves,but not quite enough cash to develop on their own.A merger with RRE could be good for both parties with AA as CEO and Dr.T as technical guru

I take it that you are not a Christian then !

No debt but we have decommissioning costs in the future

Happy don't you read anything.We have one well in production ,yes,but only because the sister well is 'interfering'.This is probably a temporary phenomenon but if well 6 does fail for some obscure reason,well 7 can be brought back on line because then there will be no interference.

Refinancing the loan is the simplest option

Yes but HUR have massive assets

I don't think there is any intention of paying off the Bond on maturity.The majority of companies operate with some level of debt and especially in the oil sector.I am assuming they will just refinance which should not be a problem if the oil continues to flow

There is discussion on Rockrose BB about taking over HUR.
I did suggest a merger between these 2 some weeks ago
I hold both

HI Daltry,I am in the same club

Not sure what your point is Daltry.All equipment has to be tested.We tested it and it failed.Isnt that what the testing regime is all about ?

Yes my daughter who is a GP and also has a Biology degree still says it at the age of 48 !!

Great I accept.

However I think you should know I am crxp about drilling for oil,especially in fractured basement,does that disquailify me ?