Member Info for NGR1616

wow I didn't realise it was so easy to get to like 20k just using hope. The oil isn't there. The OWC is far higher than even the worst case predictions and it's now proven by the production from 7z and 6. It can't be changed. It's reality. You can drill a new well if you want but it will go the exact same way in short order. No one will lend on that basis. NO ONE.

The terms of the bonds are clear. You can't pay some of them back, you have to pay them all in one go. The reason is there's more than one bond holder so you can't pay some back but not the rest.

Do you understand that the bonds must be paid back? There's not enough money to do that.

haha brilliant. that's what I think about you. that or Stockholm syndrome.

Do you believe the stuff you post?

The US banks are on the third tranche of lending with each one being a lower rating than the last and soon the money will run out because its uneconomical. US fracking companies are as over inflated as HUR once was,

But why on earth would anyone lend HUR money now? Instead they are calling the debt in before it runs out of cash.

well I guess those comparing your post and mine will undoubtedly side with you.

nonsenseman is more apt

Alavib, do you work in Oil and Gas? I do. In Aberdeen. I know a little bit about the subsurface stuff too.

You were told on several occasions by the company that what is materialising now, might happen. Who is the stupid one?

"you are deviant" What does that even mean?

I suggest you sell, and don't invest in things you don't understand ever again. You are dangerous. As is Adrainuk and James Bond living in his rented flat in France who thinks he knows everything just because he was involved in some drilling ops back in the day. Nutters.

and just to clear up any lingering doubts as to my knowledge of this share, I was invested here in 2014 until 2020. I know it well. Very well.

I'm telling you this now, for the avoidance of any doubt, that this company is going to the wall and nothing can stop it. If I'm wrong I shall remove myself from this platform forthwith but only after posting a sincere apology for getting it so wrong........

You and everyone like you are the ones posting drivel. When it's over I will look forward to hearing who you blame next.

ok Shakespeare

Oh senseman it's quite funny how you call 'us' the horrible people yet you are the one using the derogatory terms. What if you cost people money and those who listen to 'us' save people money. Who's the cretin then?

"Malcolm" is wrong more often than he's right.
The original CPR was correct based on the data in some ways, but flawed in others and now more pertinently you have two 'extended well test' wells proving the realities of the reservoir. It doesn't matter anymore what the original CPR said, it only matters now based on the data available what's published. That's how it works.
Logic proves there is no fraud, only reality, that's the way logic works. What you are describing is fantasy. Accept the reality, it's over. The reservoir is a dud.

the company has no value. Even a year ago when the SP was 8.8p it has since dropped 86%. So if you had £10k invested it would now be worth £1400. There's the damage. Dropping it by 95% or 100% takes you to £70 or £0. In effect a further 95% is actually the same as dropping by 99.3% from 8.8p. YOU decided for some reason to still hold despite warnings that what is happening was likely to happen. Who's to blame? You were offered a parachute and decided to stay on the plane that has engines on fire burning the wings. Why?

Serious Fraud Office. You have got to be kidding me? Ok I get that you've lost all your investment but that is the risk we all take on companies of this size and maturity. It's your fault for not getting out sooner. It's not the current BoD's fault for calling it as it is, nor is it their fault that the reservoir is goosed. They are only doing the only thing they can do. It's not the bond holders fault either. It's yours. CA are not going to save you as they have been just as ill-judged as everyone else still invested and are just as desperate to try and salvage something but they'll only serve to alter the direction of travel but not the ultimate destination.

1. What about operating costs?

Bond holders are not people FFS. Emotions don't come into it. What a dimwit.

TC81 ....the areas snapped up surrounding HUR's acreage were done so because they are not Fractured Basement primarily. DYOR.

They tried a DST at Halifax did they not? Clogged up......no oil more like.