Member Info for senseman

Pics - 100% reliable, hence AJ Bell will have been told by Prax

Dive - ditto, who will have calculated using lowering Brent price (today $73) & weakening dollar (today $1.32=£1)

0.8p was anticipated, but in past weeks both brent price & dollar value against us. only well P6 high production has got us to 0.756.

post on the forum prax's reply, you dingbat and serial liar. it's boring. you make huge statements to reverse your reputation as a serial t wat, thinking others won't be ****d to check. eg. your latest wheeze was to post you instructed mason doick, corporate head jp jenkins to find you seller of 5 million dcu 2's at 1.8. mason doick confirmed by phone this was b ollocks - since when you have been significantly silent in refusing to admit you were lying or, alternatively, that mason doick corporate head jp jenkins is lying. you have no direct link with prax, and never have had

kever is a disciple of the russian way - shout a big lie often and loud enough - and fools will believe it. his black heart will have sunk upon reading mason doick of jp jenkins had confirmed his 'i want 5 million dcu 2s' post is bull****. god-only knows his motive - maybe he wants to buy a few thousand dcu 2's? but since jp jenkins already have unmet requests for 250k-500k dcu 2's on their books, and being at the back of the queue his only way of buying any is to flush out a high volume seller by putting on his 'i am a big cheese' costume. but what fool will sell a dcu at 1.8p when 0.8p will be paid in 3 weeks time, and up to another 4.5p thereafter? and what deviant would invite folk to sell 5 million dcu's for effectively 25% of their probable value?

the most significant fact of his lying has been total silence on this central issue - he has not denied the lie. kever - i invite you to address your big lie. or will you now call mason doick, jp jenkins head of corporate, a liar?

instead, as an avoidance mechanism he spuriously attacks me on an unrelated issue where neither logic nor fact support him. my defence against drivel that i am liar and conman is my forum record of ethical posting, and donkey work.

a question for the deviant at a later stage will be to explain again to all us good folk (the majority of whom will remain deeply underwater at great loss even if we see 12.5p total upon the dcu's being cleared) - why he campaigned vociferously to vote in favour of prax's max 12.5p p.share to buy hur? because well p6 production has exceeded prax/hur's false production projections so massively that the false prax/hur well p6 standalone end of economic life 8.0p - 8.5p value was not only exceeded by dec 2023, but basic maths shows that, as things stand, by dec 2026, well p6 on a stand-alone basis, will have increased hur's cash pile to 12.5p. with shareholders still owning hur and all it's possibilities. what then would the share price currently have been - 15p-20p? (nb: i generally understate). and share price if hur had bought or were buying a producing asset (as prax are in process of doing now)? - my guesstimate is 20p-25p and rising. the green and sunny uplands would have again been in sight!

drink your daily half bottle of whisky, wide boy kever. this noble forum awaits your response with interest. or you could just buy a baby's dummy, stick in in your mouth, and shut it.

it gives me no pleasure to write as i do. quite the opposite. the only satisfaction is stopping vermin conning decent folk.

Kever - You have been caught in broad daylight with your knickers down - posting a blatant lie that you instructed JP Jenkins you wished them to match you with a seller (or sellers) of 5 million DCU 2's at 1.8p. Thank you for not insulting our intelligence further by persisting with that lie. Your silence on this substantive issue is eloquent.

There is an ocean of difference between gigantic lying (as you did), and expressing an honestly held opinion (as I did) which events prove to be erroneous. I expressed my view on 30 March.... '...I doubt a purchase will occur in time to do us any good. I remain hopeful I am wrong.' Prax announced on 27 June it's intention to buy a producing asset. That is...89 days, or 13 weeks, or 3 months later - not 'a few weeks later' as you write. A few is 3-4. Others understand that 3 months is ample time for Prax not to have been in talks when I posted in good faith my view. Particularly when the provisional 'deal' will not complete (if it does, as we all hope) until Q1 2025, ie as much as 9 months later - indicating a deal agreed quickly agreed in principle but with all the due diligence remaining to be done. If others understand this simple intellectual concept, why are you so obtuse that you pretend not to?

You were a busted flush within 2 weeks of joining this forum (and ADVFN). Do not delude yourself that members' opinion of of you has changed or mellowed. But thank you for again displaying yourself with your knickers down.

The sadness being that he is still at it.

Last week 28 Aug Kever (who replicates his utterances on ADVFN under a 'bionic troller' moniker) posted he had informed JP Jenkins he wished to by 5 million DCU 2's at 1.8p (cost circa £80K). Given that Kever and truth are unrelated I phoned JP Jenkins to check. They denied knowledge of any client wishing to buy such volume. Kever countered by asking if I had checked with Mason Doick, JP Jenkins Head of Corporate.

I yesterday spoke directly with Mr. Doick. I explained Kever's statement and my doubts. He immediately understood and concurred with the need for reputable forums not to be misinformed. Upon checking he stated that JP Jenkins held requests IN TOTAL from numerous prospective small prospective purchasers to match between a quarter and half a million DCU 2's, if sellers could be found. All requests were small. They held no request/instruction from ANY party to buy 5 million DCU 2's. He further opined that should a seller contact JP Jenkins with 5 million DCU 2's to sell, it would likely take 2-3 months to find buyers for such volume because of the dearth of buyers on their books.

Kever repeatedly asserts I am a conman because some time ago I posted that sources I trusted had informed me that at that time Prax were not in serious discussion with any party to buy a producing asset under it's HUR banner - and that a FEW WEEKS LATER (Kever's words) the intention to by a producer was announced. A reputable poster immediately informed Kever that the timespan between my post and Prax's announcement of the planned purchase was MONTHS, not weeks - plenty of time for my in-good-faith post to be correct at the time of posting, and for Prax to thereafter enter discussions. Also that I stated plainly I hoped I was wrong - for the obvious reason that if Prax bought a producer I would benefit financially.

My advice regarding Kever remains, as ever, to be sceptical of anything he posts. He will try to huff and puff his way out of his latest bout of misinformation. Ignore it.

Thanks from me also. We've had a stunning run of well P6 significantly outproducing the mickey-mouse Prax/HUR forecasts. Even if production has dropped to 6K barrels a day this still significantly exceeds forecasts. The next couple of months daily figures will be interesting - after the annual maintenance shutdown, production often rises - so if the shutdown has been longer than usual it's possible there may be a bounce-up from 6K barrels a day

I asked JPJ if they had a buyer on their books seeking any large volume, ie 1 mill+ of either DCU 1's or DCU 2's, as I held 4 mill of the former and 6 mill of the latter and needed raise funds promptly. Response after 10 minutes checking - NO.

You calling anyone dumb is akin to an orchestra of kettles calling the pot black. I can read, thank you. You can't. And at least keep your story and figures consistent. You've written 2 million and 5 million in the same message

Then I suggest you re-instruct him. Since Jenkins have just confirmed they don't have 5 mill DCU 2s to sell, nor instructions to find buyer for such.

They also advised that a buyer wanting 5 million in a market where sellers were rare would need offer a significant premium. In HUR's case 2p would be a necessary start point, and even that would likely produce little volume.

I did. They don't have 5 mill DCU 2's to sell. Nor instructions to find buyer for such. And have never heard of you.

So wide-boy has £80K sitting idle in his post office account?

Lovely game. I'll offer 1.9p per DCU 2 for 5 million.

Thanks Hank. And for the 2 July Potential Payments post detailing the position with all the clarity that is currently needed. It's main message being that if both producers give it some welly between Q1 2025 and end 2026 we are back in with a shout of 12.5p

My heart gladdens to see how much I remain in your two bozos' tiny minds. Such angst & serial baiting recently..). And I post for the first time in ages - & within hours you misfits are compelled to respond. No patience, no style, no class...).

You may call night as day trying to rewrite history for ever - ex HUR SH's won't buy it. You don't even lie skilfully. Below is copy & paste of my view expressed 25 Feb 13.34, ie: 4 MONTHS before Prax announcement - verifiable by anyone clicking on 'senseman' to view my posting history (read para 2). 4 MONTHS - not 'a couple of months', dear Chief Nutter.

"senseman

Posted in: HUR.L

Posts: 3,164

Price: 0.00

No Opinion

RE: DCU 25 Feb 2024 13:34

Crucial to whether we hit 12.5p.p.sh max via DCUs is whether Prax/HUR purchase current oil or gas producing assets under the HUR banner. Because profit from such is added to well P6 profits, from which our 17% DCU quantum flows. The promise was that purchase of such assets would be pursued in order that HUR's tax credits could be monetized.

A month ago I I expended several hours difficult grunt work ascertaining from 2 impeccable sources - whose position and interest would be advantaged to report that producing assets were being procured - that to date no such purchases had been attempted, and that no dialogue with any possible producing asset was currently occurring. Since I want and need DCU's to bring us 12.5p.p.sh total at least if not more so than most, it depressed me having to report what I had found. Intelligent readers know that if I report something as fact, it can be relied upon."

Have a nice day........I can already hear & smell the pair of you stewing in angst once more. x

WELCOME NEWS

Prax 27 June announcement to buy a producing asset is welcome, long overdue good news presenting a fighting chance of us seeing 12.5p.p.sh, rather than the projected 9.5p - 10p. 12.5p will remain uncertain for several reasons:-

(i) The transaction requires regulatory agreement, and also will not be completed till Q1 2025 - there being many a slip betwixt cup and lips.

(ii) From HUR sale June 23 to end Q1 2025 will be circa 21 months. End Q1 2025 - end 2026 will be circa 21 months. We will have only 21 months to receive the benefit of 17.5% from the newly purchased asset.

(iii) HANK13's basic calcs showing we will need to achieve circa 3.8p. p.sh from the 21 month 'dual producing asset' period to achieve the 12.5p total illustrates that it will be tight, and that we may still not get there. Also, remember that part of the new producing asset is gas ie: oil equivalent - of which, unlike oil, we currently have no idea of selling price/17.5% profit looks like. It could be more, or less, lucrative than oil sales.

PERSPECTIVE

Whilst Chief Nutter & his bagman scream the usual verbiage they deliberately omit to point out that:-

(a) My good faith comment//opinion was posted 25 Feb. Prax's announcement was 27 June, ie: 4 months later. I don't post in bad faith, and trust my sources. It is wholly possible that Prax & Total commenced talking post 25 Feb to be able to announce a proposed deal 4 months later on 27 June. Planned deal completion not until Q1 2025 suggests a deal in principle speedily agreed, leaving much basic due diligence remaining to be done.

(b) In reiterating my opinion on 30 March I wrote ... '....I doubt a purchase will occur in time to do us any good. I REMAIN HOPEFUL I AM WRONG' (my capitals).

(c) Or is it their obtuse logic that despite my urging Prax to buy a producing asset because I need the money 12.5p will bring, that stating an honest opinion that I doubt such will occur makes me a liar?

OVERVIEW

Prax's proposed purchase of a producing asset which hopefully will see us achieving 12.5p via 17.5% of cargo sales revenue again highlights the betrayal of HUR SHs by management in selling HUR for a song. A deal of course, applauded & supported by the Chief Nutter & his bagman. The forever question for all reasonable ex HUR SHs being..'What would the SH be now if HUR had not been sold. & management had bought a similar producing asset? when:-

1. P6's exceptional production performance & +$80Brent price have already shown HUR/PRAX's P6 standalone profit figures to be a self-serving fairy tale.

2. HUR management could have (as all urged) bought a 2nd producing asset akin to that which Prax are now doing

3. The 2nd producing asset, via it's ability to jointly use the AOKA Mizu, will lower P6's production costs and thus further extend it's commercial life.

4. We would not be limited to receiving only 17.5% of offload sales.

Time will reveal all. Good luck to all. Ignore the nutters

Russian economy collapse starts. 50 billion to ukraine and sanctions on russia/china banks. all inet links to russian banks severed. russians line up outside banks to withdraw savings. on the street exchange rate 200R -$1. bankrate (unobtainable) 50R = $1

western fears last 2-3 yrs always 'what happens if russia collapses and nukes get into worse hands'. just been cast aside - western leaders agree - 'only way stop Putin is make Russia fail'

'senseman 26.0.22

it is already the beginning of the end for bad mad putin - a tinpot dictator surviving via nuclear ownership

if russia takes ukraine (the size of france) it will be guerilla afghanistan on his doorstep - there is zero chance he will retain ukraine - ukraine will be ukraine again

russians will not bear to live with the shame - when demonstrations grow, russian troops will not fire on russians

russians' choice - your country a permanent pariah state, or putin gone? a no brainer!

i salute you, ukraine

SLAVA UKRAINI - GLORY TO UKRAINE

NB: The writer has lived in both countries. Ukraine is a good place to live. Russia is not'

jake broe you tube today (hugely worth a full listen)

https://www.youtube.com/channel/UCYHosdETLPp6dpJEsgIUTmw

dive - the back of my *** packet concurs. if we see 0.8p will be a result. p6 production figures keeping dcus alive & kicking. so all eyes on next couple of months p6 figures

Ditto from senseman

With Brent currently $82 doing us no favours, production is our DCU lifeline. Jan 24 projected production was 6K bpd and falling, so P6 chugging steady 6.78K bpd in lay terms equates to Brent $93. Put another way, offload every 79 days rather than projected +90 days by now. That said, few believed HUR/Prax production projection. Is P6 explanation being that sandstone oil seeping into rock fissures as pressure equalises? Fingers crossed next few months.

Recent OPEC+ meeting extended cuts to Dec 1 next meeting - meaning unlikely Brent will crash. Big unknown is politics/war - by whatever miracle oil price so far has confounded history by escaping huge increase usually lasting 3-6 months

Thanks Laser. Huge figure well above HUR/Prax projections - fills tanker every 78 days so currently 4.5 tankers pa rather than 4 - longer we stay under 90 day cycle and over 4 full tanks pa the better.

Shame Brent retraced from 90 to current 83 with offload due soon. Be nice if both metrics sang the same helpful tune at least for a couple of offloads

Sharvey - did you have to activate your fund and share account before you withdrew funds?

Yes, harvey, same here. need leave £50 in account or wont allow one to proceed. only way to get all funds out is to sell all dcus, then you can withdraw all funds to zero balance

My 'Fund & Share' account exists only because HL instigated it to hold DCUs. It has never seen any other activity. Yesterday I withdrew DCU funds from it trouble-free.

2 friends today reported to me that when they tried similar via the 'Withdraw Funds' tab, they were met with a 'Technical Issue' message which prevented them continuing. Explanation when they phone HL was that account was deemed 'inactive' until they agreed account terms and conditions declaration read to them by phone. They listened, agreed, the HL agent pressed a button at HL HQ, and immediately the 'Withdraw Funds' tab worked and they withdrew funds.

HL could provide no explanation as to i) how this was not required on my (and presumably others' accounts ii) how HL set up these accounts prior to terms and conditions declaration being agreed iii) why HL did not message HUR-holding clients informing them account could not be used (ie funds withdrawn) until and unless client rang HL to expedite declaration requirements.

So if anyone meets this issue, above is the solution - phone HL telling them account inactive can they read the declaration blurb out so can be agreed and account activated. Typical HL incompetence. Imagine needing to withdraw urgent funds over a weekend when HL shut and being unable to do so till Monday earliest cos HL can't be as sed to inform via message centre. If any HL client tries to withdraw DCU funds please advise forum what happened.

Corry - hadn't spotted that. when have time will see if can find uk relevant article now know what am looking for