Member Info for NGR1616

SABA knows they can pick up CA on the cheap when HUR goes tits up. CA's value in HUR is now only worth some £3m so there's not much downside left but they see other value in the other investments and are getting a discount thanks to the failure of CA's investment in HUR. CA could be a good buy.

SOG that article is from 2015. Completely irrelevant now.

Just ordered another 10 pack of masks via AMZ. I knew what I was looking for but it took me about 4 different word combinations to actually find the masks. Hopeless marketing. They need to spend significant sums of money promoting these masks on Amazon even if it puts a £1 on the pack price to do so otherwise it's going to take years to gain traction.

The reservoir is still the elephant in the room.....yet everyone seems to think the issue is with the BoD. I'd agree the BoD are corrupt if there was no increase in water cut and no significant decline in BHP and production; but there is and that shouldn't be confused with suggestions of corporate manipulation.

The current accessible oil is running out and without new funding no new wells will be drilled to access any other zones.

So are the board going to responsible for the declining production on well 6 if that's what transpires or will it be that damn reservoirs fault?

Are there going to be claims they invented sub optimal performance data or choked the well to suggest decline?

Maybe Aliens will be responsible?

they have an obligation to P&A by a certain date. Delaying it would be pointless and potentially be on less favourable terms in relation to the rig rate and also exposure to more inclement weather if delayed which WoS; is a critical factor. So I think your view is incorrect and the board is making pragmatic decisions in this regard.

JonesRichard, I agree 0.50p is possible.

passed

TUX
There will be no new finds here. There is no excess cash that hasn't been declared already in the balance sheet so none to be utilised on any sort of forward planning. Operations are as efficient as they can realistically be. Same for logistics. How do you propose achieving "enhanced Production"? Where will "institutional/other fundraising" come from? There will be no improved or revised WoS reserves unless you want the next CPR to ignore the newly confimed OWC from extended well testing compared to the previous one based on 'snapshots'. Brent is the only variable here.

There are two possibilities.
1.The BoD are corrupt and everyone calling it is correct.
2.The BoD are not corrupt and everyone calling them corrupt are as deluded as flat earthers or brexiteers.

I'm going with 2.

they haven't been pushing the "pumps" too hard. They only have one left and it's just tripped. You better hope the problem is topsides otherwise as a minimum you'll need a ROV/DSV vessel to do diagnostics at the DC or XT. If the problem is diagnosed as downhole then it's a workover with a rig. Everyone will lose out in that scenario including the bondholders and I might not be able to pay the yacht crew their bonus this year.

Where are you going to get 12000 bopd for "year after year" once the oil runs out?

Water Cut is rising slowly on a month by month basis. If it were perched it would be reducing according to Trice. The trajectory is clear.

There's no money (unless you get a mysterious benefactor) to invest in field development.

'ting' :-c the goose is cooked.

easyp (and others) You are making direct accusations of fraud against the BoD. You are accusing them of deliberately sabotaging the ESP in order to reduce production figures just so they can push through their agenda? Is that correct?
(My advice is be very careful how you respond to this)

Littlened.....seriously? I better phone my lawyer!

So telling people that the latest CPR is correct based on the available data is somehow fraudulent? The well data is the only evidence that matters as currently no other wells can access any other parts of the reservoir and there's no money to alter that fact unless the various levers all line up to HUR's benefit which is unlikely in the time frame available. Personally if I had any money left in this I'd put it on another company with an upside potential rather than remain in one with a high downside potential but I understand the thinking of hanging it out.

is the water cut fiction too then?

there's an FPSO requirement at Terra Nova.

Torpedo. Indeed it does. Only bit missing in the list of applications is for optical camera uses so it's more for the TOF and IR applications than for visual spectrum optical enhancement it seems.

https://www.nanocotechnologies.com/products-applications/heatwave-tm-quantum-dots/#night-vision

We'll see.

RNST I don't believe the Bond Holders have to issue a TR1 in a transaction such as this, only when buying shares on the market. I could be wrong.

I don't think Richard Griffiths is a PI BeContrarian.