Member Info for slipanchor

The fact that we have appointed an investment bank as a corporate broker with immediate effect, might support your block-busting novel.

It would be nice to have the CBH support going forward but we have sufficient cash to drill the sidetrack, if it's successful we use reserve-based lending going forward if it's a failure we all go bust together.

Come 2022, I'm aware the CBH will have the first call on the cash and equity if the bonds cannot be paid but is there anything they can do at to prevent Hur spending the free cash on further exploration?

My post has also disappeared but I was a bit more critical of the BOD.

For Hur to lose the support of Crystal Amber or Kerogen would be a huge blow to the plan forward.

Looks to be share transfers between the big boys taking up positions.
The news may be on the horizon.

Close to 9m shares traded in the last 1hr 40m.

Purely my gut feeling, but I think we are about to enter into the last P&D before the much-anticipated make or break RNS, fingers crossed it's the former.

If my memory serves me correctly we are due a production update during the first month of each quarter, should get an RNS in the not too distant future.

Based on Crystal Amber increasing their stake to11.6% accompanied by a statement that they felt that there was a lot more oil below structural closure.
If we are going to re-enter7z I think part of the plan may be to drill below the structural closure. if we hit oil as predicted by C.A. BINGO.
If it turns out to be a duster, then we revert to Plan B and do the sidetrack.
AIMHO DYOR

Amundsen Spirit departed AM approx 1300 hrs, destination Scapa Flow, ETA 2345. hrs

Amundsen Spirit now hooked up to AM with perfect weather conditions in the area, wind N-Westerly 12 knots.

Daily production figures represent k bpd.

ETA 0600 hrs 22/12/20. which makes it 32 days between lifts.
Assuming a parcel 500k = producion @ 15.6 bpd
450k = production @14.06 bpd
400k = production @ 12.5 bpd
Producing well within guidence.

Reed the September kitchen sink RNS and compare it to today's RNS, then reflect, what exactly has Mr T. Maris and the BOD achieved over the last 3months IMHO SFA.

Could you please explain the £100m buy @ 3p the last time I looked there were a 124 m traded?

Very easy to sell so there must be a big buyer or buyers out there.

Masterminds, are you on the right BB.

What I'm hoping for in the December RNS, is a Rig Contract, a substantial upgrade in resources as outlined by the Company and Crystal Amber.
The renegotiation of the bonds, and for Spirit to farm into a % of Lancaster in exchange for the remedial exploration work needed to make a success of Lancaster, and a forward plan for both licences.

LuckyDog1
My comment wasn't directed at you, and I have no problem with people expressing their own opinions.
It is when they express opinions as facts and inside information that I take issue with.
There have been quite a few newbies joined this board recently and it would be very easy for them to be sucked in out of their depth with all the ramping and hype that is taking place.
A case can be made for a buy recommendation, it is also very easy to make a case for a sell recommendation so let's wait for the facts in the form of an RNS.
A friend of mine lost his flat because he thought his investment was a no brainer, he went for lunch and returned home to find he had been closed out because there was insufficient money in his account.