Member Info for rizq786

If the nitrogen find is fully commercialised and it brings in around 10 mill PA revenue, but our SP is in the 20p range what would you as an investor do knowing our other prospects are also happening in the background?

Funding for what?

This company is going from strength to strength. So this Nitrogen play is on and we need to find out future plans. Selling contracts, further acreage or more wells can be anticipated now as we have an idea of the usages and costs of Nitrogen. No one can claim to get spiked on this share lol. Fantastic news with so much potential but the sp reacts like 88e well, needs nitrogen injection to sp probably.

Grades are good, but wouldn't call them excellent. But the improved numbers and economics of the asset is massive. Listen to today's interview on proactiveinvestors and he says the asset is huge in more ways than one. There are interests for JV or sale from more than one party. This asset alone is valued conservatively at 30 mil and then we have the other gold which can fetch some money too. It's a safe investment from these levels as the downside is minimal upside is tremendous. Good luck all.

The company is developing very nicely and three things are making me happy about this company: They've diversified their business to an extent that they have comoany makers in any one prospects; They are in a healthy financial position and also will be generating income soon. Add to that their nitrogen find which could also add to the finances and that they won't need to dilute us for general expenses or ongoing commitments. Plus they're being very efficient with their finances and are saving however they can. The nitrogen exploration is a case in example. Thirdly we have been depressed share wise for so long so when it moves it will be quick. What would trigger it don't know, maybe Primary bid exercising their warrants, but I'm happy to be in when it does.

Funny how this D14 guy works. I don't like to call people out as everyone can have an outlook on a share be it positive or negative. See this guy's buy in price was 17p before the nitrogen drill update and for no apparent reason it's gone to 14p. And everything that the BOD have said in their presentation to add value to the company they have done, but he wants us to disregard everything. Nitrogen = no value DTU = no value WD = no value ED = no value Helios = some value This company is working hard to unlock value for us, and they're doing well IMO. Share price will soon follow.

Read today's chat and you'll find it's been discussed alread: due to high pressure it was abandoned so HNR are going there with modern equipment which is able to handle high pressure.

Great company. Got to be impressed with this company! Very impressive how they're getting their jobs done so swiftly, efficiently and inexpensively.

The sp will do its own thing, it's dangerous predicting the sp, but if the fundementals, prospects and the BOD are good then you will see the sp reflect that at some point. This company has good to very exciting prospects, has goof team and the fundementals are good too. Patience will be rewarded. Don't let frustrations get the better of you. I have been in another share for some time with various projects but the BOD couldn't really make anything of those assets or prospects. I new director takes ownership and has streamlined the company and the sp is reflecting that after almost a year. We have East Denver; We have West Denver; We have DTU We're drilling for nitrogen We have Helios 2 And we have approx 8 mill to unlock those with more revenue due soon.

The sp decline has stopped temporarily and maybe 18 was the bottom and if the reversal trend can continue then good news will move us up, even the excitement of drill results will move us up. Good luck all.

How long will the nitrogen drill take and how quickly can we expect results? Fadec?

Great summary Fadec! No ramp or misinformation. Imagine if the nitrogen drill is a success. Imagine if Helios 3rd stage is a success. Imagine if West Denver is partnered by True.

It's true that non dilutive funding didn't come and that the ED deal could've been better, but there's no denying the fact that should we get 16 wells with TRUE then that will be a good deal and also the contacts and confidence of the big players is very important. So we have ED soon to generate I'm come by Q3; Nitrogen drill and results to come; DTU commercial progression; Helios 2 to test the 3rd zone and now we have WD. It certainly is news rich period. Hopefully some really good news to come.

Leaving aside Diamonds share prediction and sentiments towards this share, it's good to see that HNR have made progress with their outlined strategy. And since West Denver is 100% leased by HNR the finance/ funding case will be stronger. I know the SP doesn't react very well to news here, I would love to have the SP show positive growth on good news, but as long as the company is making progress and following a clear strategy then I know I won't be shafted by the company and at some point will realise gains on my investment. Warren buffet said when investing don't lose money. Confident here that won't lose money, and confident that I will make money here too. But not sure when. Good luck all.

Has anyone noticed the fresh impetus around DTU: In one rns they said that it was a crossover from higher risk to more stable one where they were looking to make it income generative; they said they carried out a horizontal deployment with success relative to other wells in that area and have even disclosed the cost associated; they have gone onto leasing and drilling for nitrogen to improve cost efficiency and needs of DTU. They said now that they were more free so DTU will be a priority. They have had a lot of discussions at NAPE so the word is definetely out. A lot is happening with DTU and maybe even behind the scene that's for sure.

Hnr stated their strategy moving forward with the cash they have, amongst others mentioned they were looking to acquire land for nitrogen, and they have successfully implemented that strand. And the more of the strategy they implement prudently the more secure our investment would be. The current share price is rubbish we all know that so let's focus on if it has the potential to reach the mid 30s again?

DTU activity is in the test mode at the moment, and there are lots of noise around it. They've done various types of test with success and have an engineer well placed to understand and market the tech. They've promoted it at NAPE and have good relations with other oil companies. What is there to say that another test is not underway or some commercial talks are nit ongoing? I say this for two reasons: HNR don't inform us when they carry out these test etc and secondly they were referring to acquiring nitrogen land to support DTU. They have the money to accelerate DTU testing and the results could be very interesting. Just need to understand what plans are being put in place for the deployment of the recently acquired cash.

The thing with diamond is he always takes the lower estimate or figures in everything.

I think we need to be honest with our investment in that we know if we've done enough research on its plays or have somewhat followed the research on the bb. The true deal is a decent to a good one depending on two things: successful drilling of 16 wells or more and the utilisation of the cash by HNR. Ask yourself this question why couldn't True just lease out land and drill as they are billion dollar company? It requires geological expertise and contacts and then taking the risk, which we can do again. DTU and Helios are active plays and with the cash can be exploited a bit more now. Ask yourself from your research do you feel these two plays have potential or not and if the answer is yes then try to work out its potential and its route to achieving it and see if they're on course; and if no then there's nothing to get you excited and in that case look for companies with better potential to realise gains. The only thing I would say is the market is not excited now, but it doesn't take long for it get excited either. The main things is to have active plays to generate excitement and we have 3 or potentially 4 if ED is repeated. It's never good to lose money and I hope everyone does well whether it's with HNR or other companies. Good luck all with your investments.

JJAL that last post of yours seems more genuine rather than the constantly negative outlook you display. You always have to be open to new information regarding your invested company, some maybe positive and others negative. The ED project is good for us going forward with some caveat: That they're able to get at least 16 wells with TRUE so that it's decent amount of returns for us; Secondly they're able to replicate this model elsewhere of proving and getting a free carry. And a bonus to Project ED would be if our DTU tech is utilised. And if these happen then ED itself could be worth multiples of our mcap. Good luck all.