Member Info for RollinHand

OSG1

"State of art Zoetic Website is now fully functional ! :))) Amazing :)))"

I don't think at this stage the phrase "now fully functional" is appropriate....

Have you tried to buy anything? You might find it a little hard.... More a work in progress...

https://cogcc.state.co.us/cogis/ProdOperatorMonthly.asp?Operator=90450&Year=2019&County=005

Individual wells:

Powell (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07269&APIWB=00&Year=All

Wildhorse (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07267&APIWB=00&Year=All

Citadel (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07266&APIWB=00&Year=All

Hagar (B ) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07268&APIWB=00&Year=All

Thunder (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07340&APIWB=00&Year=All

Grizzly (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07341&APIWB=00&Year=All

Ouray (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07342&APIWB=00&Year=All

Buckskin (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07343&APIWB=00&Year=All

My typo 142,431,100 should reference 142,483,100

I love it when folk here can't use basic school (primary school) arithmetic, obviously for their own agenda..

Let's clarify shall we so everyone is in no doubt... it's like counting 1 and 1 is 2, 2 and 2 is 4....

Authority to issue x% of the issued share capital DOES NOT mean dilution by x%

So all those that say they're diluting by 100% - please take a bow as you're speaking lots of that brown stuff out of your rear end...

Oh and for those that are not clear, the reference is to the "nominal value" which was 5p (£0.05) until the capital reduction when it became 1p (£0.01)

The 2018 AGM resolution gave authority to £1,969,209 representing approximately 33.33 per cent. of the Company’s current issued share capital... This means £1,969,209 (nominal value) equating to £1,969.209/£0.05 --> 39,384,180 shares. At the time there were 118,152,540 share in issue. So 39.384.180 is 33.33% or 1/3 of the shares in issue. Had they issue all these shares we would have had (3/3) + (1/3) -> 4/3 the number shares in issue which represents a dilution of (4/4) - (3/4) -> 1/4 or 25%

The 2019 AGM resolution gave authority to £1,424,831 representing approximately 100 per cent. of the Company’s current issued share capital... This means £1,424,831 (nominal value) equating to £1,424,831/£0.01 --> 142,483,100 shares. At the time there were 142,431,100 share in issue. So 142,483,100 is 100% or 1/1 of the shares in issue. If they issue all these shares we will have (1/1) + (1/1) -> (2/1); 2 times the number shares in issue which represents a dilution of (2/2) - (1/2) -> 1/2 or 50%

It's simple arithmetic really, not rocket science....

AGM Notice 2019 on the Highlands website under 'Investor Relations'

http://highlandsnr.com/wp-content/uploads/2019/07/Notice-of-AGM-2019.pdf

Burning:

You have also forgotten to add the Schrader £100K as well.

And you guys try, I do say try, to be so clever, unfortunately just not cutting the mustard... At least we know, having given you both several chances to correct your figures, everyone can treat your figures as just rubbish...

Thanks for answering btw..

Excellent..

So you are both of the same mind that the co has had only £1.5 mil (balance at end of March 2019) until today for all activities and has had no other cash inflows?

So Burningspear you've had a chance to review and your figures are generally unaltered?

Sandy_rivers you've posted that you posted earlier 'something similar' to Burnings figures bat can't see any need for any changes?

another chance open to adjust - hopefully you will adjust this time or you'll both just look foolish....

Okay thanks for your 1st go at it.

Could you revue your figures and confirm that is your best working out of the cash situation..

Sandy_rivers:

Can you give us your workings for your assumption that the co has no cash please?

I'm interested how you come to that conclusion..

Why would he need a bigger house?

I'd think he has owned much bigger and older houses than where you live..

That is a numbskull type post. Though it more than adequately demonstrates your inability to read, quite laughable...

The 4,600 is Boepd. Whilst the 1,700 is Bopd. It's like comparing apples with oranges or in your case a normal person's brain cell to one of yours.

If you wish to make a comparison it should be 4,053 Bopd -> 1,700 Bopd

The fabled '1' trade was executed last Friday Dave ;-)

Oooops…..

https://www.bbc.co.uk/news/business-49082533

Thanks for clarifying that Dave..

The reason I asked is product with THC of <0.3% is legal in the US. Let's say 0.23% THC, would be fine for US but would not be legal here in the UK as the limit is 0.2% and this 1mg per container limit.
The rules around the law are never easy..

Yes Joycopter I understand that. What I meant is that unless they wish to 'try' some of our strain they won't be buying any seeds from us to fulfil their growing needs as they don't use seeds at all, not even their own. I think in one of their blogs is says that growing from seed can produce genetic mutations where as from 'cuttings' they are pure clones.

https://www.theveritasfarms.com/blog/veritas-hemp-plant-harvest/

In our case we are likely to grow from our own seeds as we are trying to develop different strains, however, if we are just trying to produce crop after crop after crop from seed then mutations are more likely. We may go down the clone route which is the purest route for our own crop.

As a small aside, do we know what max THC level we will have from our products?

One thing for sure, we won't be supplying VRFM with seeds for their plants. They clone from existing plants. Unless they wish to try growing some of our strain..

https://www.theveritasfarms.com/blog/grow-plants-sustainably/

They developed their own fertilizer. What may be interesting is for VRFM to test their own fertilizer against our nitrogen-hydrogen mix on their plants and see the results..

https://www.bbc.co.uk/news/business-48987514

They may do wellish with sales, though I don't think the marketing is a good fit with the sexist approach it has... The marketing is imported direct from the US with the exploitation of women.... wrong approach in my opinion...

He has obviously done his research and can see the potential before jumping ship from a senior position in CFE (Cantor) to little old HNR.

I wonder who he'll back - Boris or Jeremy.. I'd think it'll be Jeremy ;-) ;-)

https://cogcc.state.co.us/cogis/ProdOperatorMonthly.asp?Operator=90450&Year=2019&County=005

Increased gas production for May :)

Individual wells:

Powell (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07269&APIWB=00&Year=All

Wildhorse (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07267&APIWB=00&Year=All

Citadel (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07266&APIWB=00&Year=All

Hagar (B ) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07268&APIWB=00&Year=All

Thunder (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07340&APIWB=00&Year=All

Grizzly (C) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07341&APIWB=00&Year=All

Ouray (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07342&APIWB=00&Year=All

Buckskin (B) https://cogcc.state.co.us/cogis/ProductionWellMonthly.asp?APICounty=005&APISeq=07343&APIWB=00&Year=All

Yes this is true.. the coming exploration may throw up some exciting results :)

Now the 'close period' for MTR should be over come the AGM it would be good to see MM re-invest some of his bonus attained last year by exercising his 2M options that were due to expire last Friday (21st) it would give him more skin in the game and as you have eluded to in another thread MTR's value should be over 2p anyway.

If Charles Hall can exercise his options previously at 3p when the SP was well below that then surely MM can do the same at 2p...