Member Info for NGR1616

I said in my previous posts there are options and it's not like rabbits haven't been pulled out of hats before! If I'd shorted at 0.7p where would I be now? Maybe the company is goading shorters to short and are over-playing the guidance on bubble point happening in Q1 2022 and if it instead takes another 6 months what then for the shorter? What if the plan is a worker-over and they do a rig deal based on risk and reward so don't need funding to the same extent, i.e. pay them from production only if the results are good. Too many levers to pull for me to risk a single penny. If they sort the current situation with regards to one well maybe one day I'll invest again.

Altruism comes in many forms. Quite why I need to try and profit at the same time kind of defeats the purpose though Ecosselibre! Plus I don't short companies, too risky ;-)

Reality check (cont) well 6 is likely NOT pumping 10k+ on average.

G15 - correct.

no y11-shx, I'm so not frustrated. It's a bad investment and I'm glad I'm out of it.

And for the second time it's you're not your.

WARNING ***** These are the people telling you what to do with your money. ********
I'm off out. I'll sign in later and see what joys await.

"Should have just left your money on Hur and made a few quid but then you need money to make money."

So I should have left my money in HUR at around 15p instead of selling? That's what you are suggesting? And to not buy instead a share that has doubled directly because of the very COVID you make reference to? So instead of being up 100% I'd be down over 66% if I followed your galactically stupid advice.. Clown.

Senseman.....what are you going on about now?

When I sold Hurricane I put some in a little tech company in the US when the pandemic started. Its ticker is MSFT. Recently hit record highs. You should check it out. They have revenues, no debt and are not a one trick pony either. 1 year return.....? Nearly 100%. Also bright another one called AMZN.....that's up about 75%.

Muppet.

you don't think I'm making money just because I've not been buying recently? I can see how you treat investing.

The reservoir is not as large as the original CPR suggested which was based on incomplete data. The current CPR is issuing long term production data and isn't a lie or a con. Worse still the BHP is dropping and the water cut increasing so you may not be able to extract what's accessible anyway. So the net effect is the market will never value HUR as you suggest unless something material changes.

Nope. No new positions in the last few months. CA were down with their investment in HUR overall I believe......price of oil saving their skin too until they are wound up, restructured or sold themselves.

good question Daltry. I guess we'll find out one day.

y11-shx I got out in February 2020. And I'm pleased I did. Made lots of money previously but selling at that point meant I'd negated those previous gains and I cam out about even. Possibly maybe up in fact. Best trade was when I was sitting on cash and an RNS came in at 10am regarding some drilling results and I read it, understood the pertinent points and bought heavily before the general market caught up. Not normally the case when the RNS drops at 7am and PI's are shut out at the opening auction.

You posted this "So you need to ask yourself why are you here because your looking pretty inexperienced.' and without correcting the obvious grammatical error I don't need to ask myself anything because I know why I'm here. I'm pointing out facts that the majority seem want to overlook. I do so in the hope someone might make an investment decision based on solid research rather than hope and a prayer. I'm also here as I find this quite entertaining. You guys are a bunch alight.

I got out intact thanks for asking. No financial damage done. Do you know why? I listened to someone I ended up trusting when initially I thought the same of him as you do of me. There’s a story about irony there is there not?

I can’t help myself really that’s my problem. I can’t stand by and watch people who know nothing post as if they do. It’s also a bit of an experiment and I’ll use the results to allow me to gauge how useful these boards are, or how reliable they are for building an investment case. So far based on evidence, this one is simply tragic. I don’t trust anything anyone posts if it ignores reality.

Sensman "you cite what moody maris has written
so behave and stop the coy innocent crap
you're already going to hell. you don't want to be on the naughty step first day you arrive
barring black swan event well 6 is fine till Feb 2024 - bubble point and all
simples x"

Listen to yourself. You are a complete moron. (this is not an insult, it's a fact)

"you're already going to hell" Insulting - and childish

"well will be fine until Feb 2024" How?> Please explain your rationale.

"bubble point and all" What does that even mean? Do you think the laws of physics don't apply in this case? It's going to happen based on future production trends unless something is affected to effect that reality. And it's going to happen in less than 5 months in my opinion unless they start to manage the decline in BHP which means reducing the production. Nothing else will work.

Morganna1 I'm not here 24/7 but I do tend to have to post multiple times in response to people like you giving their opinion that all is well with the company whilst simultaneously ignoring the warnings of reservoir performance and finances issued by the BOD of the company. I find that extremely dangerous in case people believe you instead of the company.

Most of the responses I see are claims I'm somehow concocting a narrative for my own benefit like I have a short or wanting to buy in cheaper or I'm risking my mental health by not investing in a company who's medium term prospects look perilous. This is purile fantasy and a clear sign of denial on their part.

Maybe it's me who should be questioning your motives for pushing your agenda that conflicts with the companies guidance? As the IC commented, without the rise in the price of oil, Hurricane would certainly not be where it is in relation to mcap.

For clarity, if what I'm posting is nonsense, then please confirm for me if you will, that you consider what the BoD are publishing is also nonsense and that you (by definition) post sense instead? In which case can you advise what your view is on the reservoir, declining BHP, bubble point, gas liberated and increasing water cut as you claim the BoD don't know what they are talking about.

Morganna…..want to know how much stress and anxiety I have about my non holdings in HUR? Absolutely none. It’s a gamble and I’m not prepared to gamble when the odds are stacked so heavily against.

Quick question. How do you think the “gap” between the available funds and the bond payments will be met? You better hope the wonderful new board are under egging the finances.

GHD1…..were the new BOD not in place on the 29th September and 14th October? I’m literally quoting them!

Yes I thought the same re the sale process tab. In my view that's all done, but perhaps it's there as a 'For Sale' sign.

There looks like a tab above the text. Wan you hover over it it activates the text below. There is a blank one to the left of 'HEATWAVE' that is not 'live' but it's currently not sized for anymore than 6 characters i.e. DISPLAY wouldn't fit.

It looks to me that the developer is working on the site live rather than running a beta version.

From the company two extracts from RNS's.

***14th October "Whilst there remains uncertainty if the Company will have sufficient net free cash to repay the Convertible Bonds, the board of directors are optimistic that even if a shortfall remains it may be possible to bridge the gap"

***29th September "Based on current trends, management estimates that wellhead flowing pressure in the Lancaster reservoir may reach the bubble point by the end of Q1 2022, consistent with the time range estimation previously announced on 25 May 2021. Whilst this has been factored into the guidance for the Period, there will remain a degree of uncertainty regarding the full impact of this, along with the risk that gas liberated from the reservoir could be produced which could result in production either being reduced or ceased altogether." ENDS

To suggest this company is "under valued" (OTB3) if you ignore these messages from the company is at best optimistic.

What I post is not "BS" (Morganna1) it's an acknowledgement of what the company are telling us. The fact so many are ignoring it and instead suggesting the only way is up; they are the ones posting BS.

For example, suggesting that "there is no certainty as to how the reservoir will continue to perform" (Dive Centre) when the company points us to the impending bubble point situation by Q2 2022 (that's a maximum of 5 months and 8 days from now) and is a reiteration of guidance in May 2021 (also released from the company) clearly indicates how the reservoir is performing. (stick to giving the divers their lunch dude)

There will be no changes to this downward reservoir performance trend without an intervention of some kind (or a new well) Due to the ESP's access below mechanically is impossible without a worker-over with a rig ($$$'s) or a new well. There might normally be a hydraulic intervention option but scale or wax/asphaltene are not issues so dissolvers or xylene won't do anything. The worker-over approach can't do much mechanically if they tried as the slotted liner is unsupported and bare back in open fractures so water shut-off options on 7z for e.g. are limited if there are any at all.

Gas restrictions are an issue. Finance options will be limited and may only be highly dilutive in nature to fund the export of gas or drill a new well. Lincoln will be looked at but that wasn't great first time out. The FPSO contract is still up in the air.

I've already admitted I for the court action wrong. Ridicule me for that if you wish. But the real issues are physical, financial and not legal.

The company will have other ways to survive however, just not with one functioning well. I'd use the cash (if there's any left) to buy into a field as a non-op to allow another operator to exit and generate cash from that. Plenty of big oil companies are looking to offload less green fields. With the cash generated they can look at drilling or work-overs without needing to find finan