Member Info for Slift

A communication was sent to bondholders titled "Investor Website".
https://www.tisegroup.com/umbraco/surface/proxyapi/GetNewsItem?id=296533#

"Investor Website"??
Where's the communication to Shareholders?

Let's all hold hands and be hopeful of the CPR....

Bet all of you missed this in the most recent RNS, tagged to "Stakeholder Engagement."

"1. Further information on the stakeholder engagement process, including as to risk of dilution and potentially limited or no value to existing shareholders, is contained in the Company's announcements of 18 December 2020 and 14 January 2021. "

"The Board as a whole has responsibility for ensuring that a satisfactory dialogue with shareholders takes place. It believes that shareholder dialogue is key to developing an understanding of the views of shareholders and encourages two-way communication, providing prompt responses to queries received orally or in writing. The Board also remains informed by monitoring the main movements in shareholdings and reviewing brokers’ reports.

In the normal course of business, the CEO and CFO are available to shareholders in investor meetings and at public events. The Chairman and Senior Independent Director are also available to shareholders, if communication through the normal channels fails to resolve a matter, or if it is felt inappropriate to discuss the matter involved with the CEO and/or CFO.

Currently the Chairman and Senior Independent Director take the lead on these matters and ensure that the views of shareholders are communicated to the Board as a whole."

LOL so much for communication with shareholders.

Yo FatSam82,

Think you're missing the point. CB becomming non-issue = beneficial to bondholders.
Shareholders will be left holding the asset with no funding for FWP, no reserves and no liquidity to continue operation.

At YE21, HUR will have less than 4m 2P reserves left (subject to economic limit based on oil price).

Yup, exactly dflynch.

I believe the "third party" can't be related to HUR (including subsidiaries).
I'm unsure if major shareholders are able to buy the bonds or not.
At least I know Kerogen couldn't when they had a non-exec director on the board of directors.

DiveCentre,
If you read CA's recent note about HUR, they note that the Chairman's comments doesn't verify anything.
To me, the Chairman's comments read "if we have the option to purchase the bonds, then obviously it's a commercial no brainer".

There are definitely convenants around purchasing the bonds. I don't know what they are, but there are such covenants. Here's my source:
"In addition, the Convertible Bonds will benefit from certain other provisions dealing with change of control and delisting events."

WHY ARE BURNING CHARCOAL IN YYYYRRR AAAASSS, if opinions are provided about HUR.

DiveCentre,
If they were buying the bonds, it would have been obvious as they would not have over $100m in cash if they were buying bonds on the market.

1. I don't think it's that easy getting the bonds on the open market due to volume.
2. I believe I read that HUR are restricted to buying bonds (unless at par value, i.e. redemption).

Ahh yes.. the mate of all mates..
Great! I can't wait, come find me.
Maybe i'll give you some water to cool down, since you do seem very upset :)

Or maybe we can have a good "chinwag" and take up bets for a pot?! :D

from a "big legup" to a "slow tickup"?

"hopefully one of these days feller, your details emerge and then some fun will follow"
Real life threats?

Don't think you've used enough swear words there buddy. USE MORE!

Yo el19,

Remember this gem of a post of yours?:
"Had a good chinwag over scran tonight with the lads an’ we’ve all gone for 100quid each in the pot for best guess q4 eoy hur sp..I’m about in the middle with my 16p…all agreed next big legup will be towards end of Q1/21 an’ no doubt we’ll be havin another punt on that as well – I’ll be going for 22p+ for the next bet…and way things are going, all are vconfident we’ll be back into the 40’s by Q3/21 GLA/KTF"

EOY Q4 = 2.5p
Almost end of Q1/21 and still significantly lower than your 22p+ bet.

Whatcha think?

WITH WHAT MONEY?!

It's a 235mmboe target with a 34% CoS yes. This license/block is also Tullow's most prospective in Suriname. It will be very disappointing not only for Tullow and Ratio, but also for other major licenses in Suriname should this wildcat not find hydrocarbons.

Either way, still an exposure here. Whilst i'm not invested, i'm keeping an eye here (and elsewhere) to see the impact should they find oil.

GLA.

Nice indeed.

40m 2P reserves. 90m 2C resources.
20k bopd by Q4/21.
NO DEBT.
Some decommissioning liabilities.
NO Uncertainties.

Total consideration of $625m is a good deal.

I'm keeping an eye here due to the ongoing drill in Suriname.

Should be completed in the next 3 weeks.
Block 47 is probably Tullow's most prospective license in Suriname.
No doubt they will discover oil here, but will it have commercial quantities?

Eurofil,

Does "share bashing pathetic posts" stress you up? If you're confident in this company you're invested in then you wouldn't care about some "share bashing pathetic posts".

But then again, you're probably gambling.

Don't gamble kids.

On the move late next week at earliest.

AM being modified into a bottling plant.

Soon well 7z will be running again and west of shetland mineral aquifer water will be distributed throughout Scotland!!

TLDR.

There are 3b barrels in place in Lancaster.

Barrels of water that is....