Member Info for schlemiel

pay day will only arrive here when monetisation is achieved...until then, it's bottom drawer time but the direction of travel is now firmly set and that's a relief for all holders....

at some point INPEX or similar will become involved with Origin and FOG

NT Resources week in 2 weeks, should be some interesting speeches

thanks for the updates

Wolfe -'banker to Saudi Arabia and BP' and 'adviser to some of the world's largest oil companies'

https://www.bloomberg.com/news/articles/2010-03-18/ubs-is-said-to-hire-hsbc-s-wolfe-banker-to-saudi-arabia-bp

this guy is a serious big hitter

Wolfe is known as an 'oil banker'. I reckon his arrival will presage transformational change at HUR though what the change will be is anyone's guess.

Today, even though the market's reaction was somewhat muted and a tad confused, represents a turning point in HUR's battle to survive from an assault by those with evil intent. That evil's been vanquished

Wolfe's arrival is a victory for Bernstein over Maris..as someone said 3 v 2 for CA and his role as SID (a formal role as per company regs) is designed to act as a conduit between the chair and the shareholders

Is this a nod that HUR intend to bring Lincoln into production is given. Can Lincoln be 'unplugged'? Or maybe a nod to asset sales

ah well,

thanks to sji on advffnn

14 Oct '21 - 09:39 :

'For once, price of oil is giving us a helping hand (currently over $84 once again):

- for the first half of 2021, HUR realised a poo of $62.2/bbl
- for our August 2021 lifting, HUR realised $33m/505k = $65.35/bbl
- for our latest (October 2021) lifting, HUR should realise at least c.$75/bbl(IMO). So, 530k @ c.$75/bbl = c.$39.75m.

Given that most of the cash operating costs will have already been paid on 30th September 2021 (when HUR's cash stood at c.$73m), when HUR gets paid for their last lifting, HUR's cash should exceed $100m once again.

And HUR's next lifting is only 6 weeks away .... bringing in more free cash for the bondholders' settlement'

get the 'sell on news' brigade out of the way and then we can attack 5p which looks like hefty resistance but once through we should see better progress, price wise

doge

I reckon people are awaiting the next update from Bushranger

first auction of the day! super duper

picking up steam now with some big buys

4.751 for 500k

the buyer's still in the market

It's a superb turnaround stock now, derisked with a decent portfolio of assets..

now is the time to buy not sell...proper muppets abound at times

that's only for 6 months as well

'Whilst there remains uncertainty regarding the forecast cash available for bonds holders at maturity, at the current oil prices and based on current production forecasts the Company is anticipating that it may have sufficient net free cash to repay the Convertible Bonds at their maturity in July 2022 in full”

The above statement is in effect saying Hurricane is now safe from the creditors and looking to the future. Even GWA gets a mention

Take a look at Wolfe's appointment in Jan 2021 to the board of NSNR

The appointment of Wolfe is superb. The man's an UBS man and corp financier so I'd expect some asset sales and maybe a placing to purge the debt issue...I have no doubt that a placing would be fully supported if it finally purges the debt holders

the market will be relieved at such progress now it can see the company is heading towards safety from equity destruction..

a turning point without question for HUR

S4077

I know it was but for newbies it does provide some insights into XTR's activities and were the real value is to be created..getting a handle of what this company's assets are worth and what they could be worth is essential in forming buy and sell decisions

Wolfe's a big hitter, it's a coup getting him on board...

a corporate financier of some repute

and confident of paying off the debt...very happy and now we have Wolfe on board as well...

brilliant...

Hurricane is safe and its future is secure

shorn

Well, yes I suppose they do fella. He's been in the markets for decades so he's no muppet punter like me!

'The company has three blue sky copper projects in Eureka, Kalengwa and Bushranger, the
latter of which is currently in the midst of being quite smartly pushed up the valuation curve
following well-designed exploration programmes. Out of these, only Bushranger has a JORC-
compliant MRE for the Racecourse deposit, with an Inferred resource estimated at 71Mt @
0.44% Cu (350,000t of contained copper) and 0.064g/t Au using a 0.3% Cu cut-off, which is
open ended in both directions. Even at the lower end of the scale EV/t valuation figures, the
acquisition of Bushranger has been shown to be quite a steal in our view. On the sort of
multiples shown, it is not hard to get to a valuation of £25 million. However, we wish to
remain conservative and so have assumed that the interests in Eureka, Kalengwa and
Bushranger have a combined valued of £15 million. Although it has to be pointed out that
as these projects become de-risked substantially value could be added quickly.'

http://www.alignresearch.co.uk/wp-content/uploads/2020/10/Xtract_Resources_Initiation_Align_Oct_2020.pdf