Member Info for Slift

"Shorting this from 24p right up to today’s SP close of 29p how much have you lost this week :)"
I don't short.

I'd ask you how much you've lost in the past week, but your 100,000 shares representing a mere 0.00007% of the company is irrelevant.

See ya.

And how much CGT did Tullow have to pay in that 2017 deal?
I'll let you answer this one.

476m would have been 2C resources for 28.3% stake.

With the 2017 deal, Tullow would have had 10% stake following Uganda National Oil Company back-in rights.
Equivalent to 168m 2C resources and $1.3b development costs
Similar to Tullow's Kenya 2C resources.

All sounds great, except the company would have folded if Uganda wasn't sold.

*Uganda National Oil Company has back-in rights of 15%...

Jubileey,
Just thought i'd correct you on this aswell for today!

"Uganda Represented half of our reserves, we sold between 600 million and 1 billion barrels of reseves (our stake) for less than a dollar per barrel."
Okay, so at the time of sale, Tullow's has back-in rights of 15% of whole stake (5% of Tullow's stake) following development of Uganda.

So technically, Tullow sold 28.3% of stake (which would have been 476m of RESOURCES) for $575m + contingent payments and WITHOUT CAPITAL GAINS TAX (for sale and for future contingent payments).

That's equivalent to $1.2/barrel RESOURCE - not accounting for future contingent payment.
Also, it means that Tullow doesn't have to spend $4.3b developing those resources into reserves.
And ofcourse, the sale provided Tullow with +$575m liquidity going into this year.

Thank god Les Wood is the CFO of Tullow and not Jubileey!

"in 2021 we have to pay back 350m, around 600 million in 2022."
- $300m payment in 2021
- $811m payment in 2022 (If total debt hasn't risen since HY20)

Buck,
Well.. majority of this board are gamblers anyway. Look at mjga768.

But let's not forget i'm also here for my good friend Dickbat!
Anyone seen him recently?

But on a serious point, I refuse to invest in HUR.
There's other oil companies that have more potential for less risk!

No way!

The future is a good harvest of GREEN minerals!

Buckles,

Aren't you lucky that they told you personally!?

PlantedBHA, could be.

But i'm just saying that Chrysaor is another option for that rig as they were also looking for a rig.
https://www.energyvoice.com/oilandgas/north-sea/283219/chrysaor-bob-fennell-drilling-rigs/

As Hurricane has yet to sanction the forward work programme.. (that we know of), it's just hard to believe that they've gone and hired a rig. But let's wait and see!

If Lincoln was to be tied-back, why secure funding for a sidetrack?

Until confirmed by HUR, I'd say that the well is going to be plugged and abandoned.

Also, they have provided an earliest start date of 1st April. My guess is that HUR plan to plug and abandon Lincoln with the same rig hired for sidetrack to save costs.

Paul B. Lloyd Jr can't be contracted by Chrysaor until at least August 2021 because it is drilling at Britannia/Everest area until then. (And I strongly doubt that it's been cancelled as Chrysaor have been looking to add another rig - most likely Stena Don that was contracted not long ago)

Transocean's fleet status report out next week if HUR doesn't issue an RNS before that.

They've also stated 2021 target for sales.

Let's hope this communication with shareholders continues :)

Happy with this update :)

Beat sales target.

LOL

Just a lack of braincells.

He also says you should go to your local MP to complain about YOUR investment decisions haha.

MPs will.most likely schedule an appointment with a therapist at a mental health clinic for you

All wrong except for no property :)

Pretty sure it was at 2.3p when i said it!

It hasn't moved at all!
Ha fooled you!

VigoVigo1,

Why would I buy HUR shares? lol
I mean, even PlantedBHA is a little pessimistic these days (or seems that way)!

Tbf DiveCentre,

Me and Dickbat have that brotherly bond going on.

I do despise most of the other blatant rampers here though, especially my good friend Tuxedo8!
But i must admit, the level the BLATANT ramping here has died down a little :(

How cute y11-shx..

But don't you worry! I'll be here until me and Dickbat finish our grudges!
One of us will be laughing and gloating at the other, happy chaps we are! Right Dickbat?

I'm here!