Member Info for RNSTranslator

It’s a no brainier but their lawyers told them they can’t do this under the bondholders agreement, just like they can’t borrow money without their permission...
using my neighbours car rather than my mini to go extreme off roading in is a no brainer, however I do need his permission...

“Medicine to swallow”
Lmfao.
You mean we’re all watching a bunch of teenagers rolling around a field clang they can fly and that they can see aliens having od’d on magic mushrooms..
And wonder whether we should help or just **** ourselves laughing over a beer IR too.
(It’s the latter, with a pretence that we are concerned for their safety).., Hey Pete!

Tav
The recent cash flow assessments for going concern were done at $64.2... by PwC.. (beware I’m told they are part of the scam)

Tav.
Yes but it wasn’t allowed to do that under the bondholders agreement...

Even my cat knows more about oil and gas than most of these folks who cannot accept that they fckd up by not selling sooner... oh perhaps except the one whose a “driller” who at least knows some of the words they use on the rig...

Taverham
Yes they’re forgoing $50mm of debt, but the company still owes them $180mm plus it has other financial obligations such as field abandonment and termination fees for the vessel so your logic is fundamentally flawed...

Littlened
Ffs...the OGA has links to all oil companies with licences in the North Sea...the are the government regulator you muppet... if your going to throw around insinuations then at least check that they’re not going to make you look foolish...

Aduk
You really do know fk all about oil and gas regulations, economics and accounting.
If you are not going to develop a field you have to abandon all previous wells... that are suspended. That’s the law.
If your partner doesn’t want to develop the field then either you buy them out or ask them to leave, you cannot throw them off the licence...putting aside they cannot develop the field financially or commercially nor are they able to farm it out to other parties, mainly fur the above reasons...then your argument is simply a childish tantrum.
Because non of this is your fault for not believing what
The company told you repeatedly what might happen , is it now ...just grow a pair and admit you hit it wrong by continuing to invest in a BoD who you claim is determined to lose you money, even when that same BoD told you what the outcome might be...who’s the gullible one now!

So aduk
It may be chugging along at 10500 bbls/day
But how many bbls/day does it cost.
That is what is the net income from those barrels after costs (expressed in barrels).

Aduk
You claim that producing below bubble point will require OGA approval is a scare tactic... why is that? It’s a simple fact as it was not part of their approved field development programme, and do will require permission..,, or do you think the OGA are part of the scam too?

British: exactly what are “rightful losses”
You rightfully lost money ?
Why did you continue to hold onto your shares when the company were very clear, on many occasions that there was a possibility that there may be significant dilution or no remaining value for shareholders... It’ll be the first thing your lawyer asks, why didn’t you sell when you read this? What did they say that encouraged you to hold on to your shares AFTER they made those statements? I’m afraid those warnings are the BoDs defence against those with “rightful losses”

Senseman.
On one hand you shout out that the board haven’t engaged with shareholders only to find out that they have...one was wall crossed (Kerogen) and the other refused (CA)..you then call them out for doing what you called them out for not doing.
Do you actually know what you want other than just to sound like an angry man...
perhaps you should contact Victoria Derbyshire to take up your case in the TV media...
oh yes I forget , you told her she was an “overpaid *****”
Nice... I guess the second PhD wasn’t diplomacy or anger management then....

“What would be the implications if HUR were producing around 30k BPD from both wells..?”
1) The laws of physics would have been suspended.
2) the company wouldn’t be a financial basket case.
In my opinion...ffs

Aduk- It’s all in the RPS cpr and has been on the Hur website for years... I don’t need a technical chappie.. unlike you I understand this stuff...

"Would you like to give a full reason for Lincoln to be P&A'd, given the DST results, and that the equipment has already been purchased for tie-in to the FPSO ?" 1: ) they don't have the money (quite an important factor) 2:) The FPSO won't be there..

Anne appreciate the input from a real accountant:
"Did the BoD take out $20M+ for future decommissioning costs perhaps? " did you read the announcements and accounts?

"In April 2021, the Offshore Petroleum Regulator for Environment & Decommissioning ("OPRED") formally requested that the Company increase the amount of decommissioning security for the Lancaster field by £11.2 million ($15.7 million), in order for the security to be in place on a pre-tax basis. Accordingly, the Company expects to classify this amount as restricted cash in May 2021, which will result in a total of £28.0 million ($39.2 million) of cash restricted as decommissioning security."

For those of a technical bent, and wondering how or why RPS came up with a contact at or about 1650m rather than what turned out to be the real one of about +/- 1330m, look at fig. 7.9 page 23 of their report... tells you all you need to know, their contact was an extrapolation of an estimated (not measured) water gradient, and "confirmed" by two tiny samples one above the deed "contact" and one below.
All the real reliable oil pressure data seems to end at about 1340m - funny that.
DST analysis is a bit of an art, but clearly there are some signs that it was not quite as definitive as you might expect, with some interesting observations from RPS:
"The PLT runs demonstrated that 100% of flow came from a short 8m interval (1,368-1,376 m MD) near the top of the open hole section. As a result, no flow was established from the rest of the well, with a clear oil-brine interface identified at 1376.3 m MD (from the PLT flowing passes)- So all the flow came from about 1370m. "Oil brine interface" is also an Oil Water contact at 1376m, not a million miles from ERCE's 1330m +/- 18m. So why pick 1650m...????
If you want the smoking gun then ask yourself was deciding to place the contact at 1650m a rational analysis of the data or was there clear indications that it could potentially also be closer to 1350m.... The latter of course would significantly diminish the reserves...and of course lead to a difficult conversation with the company...

Mirasol correct:
Regular Investors trade at a significant disadvantage to those who understand the oil and gas business and rely on management (tempered by the NOMAD) to make investment decisions. Anyone who's been in the industry especially at the commercial end understand exactly what the CPR is. I've read many, and been asked to review some before and after publication. The simple fact is there is an unspoken hierarchy of CPR providers. Not for me to name names, but any experienced oily type will know which ones to pay attention to because the provider doesn't tolerate arm twisting and which ones are likely to have shall we say some "influence" exerted to deliver the answer.... those in the premier league are D&M, Gaffney, ERCE and NS. There are others and they range from Champions league all the way down to The Little Snoring Sunday under 9's league. It would be remiss of me to say who those are and where they sit, for obvious reasons...

"It is unconceivable that you are not being paid to do this"
To you it may be inconceivable.. a bit like its inconceivable to you that the whole HUR cluster isn't an organised plan to cheat you.
I'm not being paid, I don't have multiple names, and I find it mildly therapeutic to challenge and call out the rampers and other promoters with the actual facts and reality of the situation, when they're trying to convince folks that black is white, t, that the company doesn't have going concern issues and that somehow they can repay the creditor (although quite how is a secret known only to them) that its a multi bagger etc etc etc... self serving lies and hype, with victims...
Facts don't sit comfortably with the rampers.. thats why they resort to name calling rather than debate...

“ of PI's to pull all their shares together. Then we get a legal document to show the total %
held by the consortium. ”
Great idea! Make sure the “consortium” gets more than 30% that way you can make a real difference....as a concert party then under rule 9 you will all need to offer all the other shareholders your average price paid over the last 12 months....that ‘ll be very welcome by a lot of folks...
If you have a plan, perhaps make sure you know what the implications of it are...lmfao.