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The 154 Well was said to take 2 months to drill it's now been over 3 months? hopefully the delay in results is down to flow testing the well and not the usual problems we've become accustomed to.

Surely we will have started work on the A8 Well as it's also been 3 month since engaging the local contractor to start fracking this well?

A5 Well stuck pipe to boot.

Hopefully A3 Best rig movement announce soon too.

Got to be a decent RNS shortly with share price upward moving news?

Expected Export license this quarter to boot too...………….

''The Monte Aymond gas project was also
assessed as commercially viable and, given the location
near to Campo Limite, a hub development approach is
being considered. These activities represent an exciting
future work programme designed to expand production
and generate continuing growth for the future.''

The MA also has the (proven) capability of producing 833 boebpd, that's 50% of our gas production. I understand they want to concentrate on liquids and are no doubt focusing on bringing the other 17 wells online (200 boopd?) asap, but what's the hold up with MA, I mean 5M cfgpd is just sitting there?

I keep saying it but surely bringing on MA should be their main priority?

https://www.lse.co.uk/media/CASP/exclusive-caspian-sunrise-are-looking-at-10000-barrels-per-day-within-months-not-years.html

4 years on...………...geez

10K+ bpd would be awesome, one day Rodder's.

Have asked a couple of questions for the 26th Q&A session, suggest we all do.

Threw 10's of thousands of pounds at this between 14p -18p - will we ever see the likes again, one lives in hope.

Throw my 9m shares into the pot to boot.

Just bought 2.5m @0.006525

….will have been paid off around this time next year and we'll no doubt have another bond in place with new well(s) drilling away within a year or so.

Just like the BoD/ bondholders would have done only we will own 100% of the Company.

Where will the share price be when we're back to 20k bbls pd?

As I said a couple of weeks ago, though was over optimistic saying cash in back YE could be around $1M ($0.3M).

The next quarterly payment of $800K is nearing and we've only got $700K in the bank - will no doubt scrape through this quarter payment.

Elephant in the room is the sale of the other 85% of the A3 Best reservoir if commercial, $100M would be nice to pull out of the hole we're in - later this year?

Anyway like I said this year should prove to be a much better year and happy to hear the 154 well was the horizontal well they were talking of spudding.

''2020 FY Results will not likely be carp as you now seem to be getting to understand, but bleak at best.

Wright downs on 5 wells plus many other expenses EP's etc..
boats fees in the hundreds of thousands
Bank account battered - around $1 million I'd guess
40% of domestic oil production produced at a loss
export oil income just about keeping the lights on
over 1 million barrels have been produced in past 2 years - will they knock that off the P1 number in the 2020 FY Report to boot?
license fee paid each quarter in the hundreds of thousands

Please don't try an put a positive spin on 2020 - the results will be CARP.

This year will have a better FY Results IMO when out next June or so.''

''The verdict is that the Court has not sanctioned the Restructuring Plan proposed by the board and is an historic victory for the equity shareholders. ''

Some great quotes by Malcy in is HUR blog today.

Bondholders will extend the bonds maturity by several years else we will have new bondholders by this time next year. imo.

The only Restructuring that's going to take place now is that of the BoD.

One by one they will resign or be voted out, how can they not?

10k bbls pd *365 * $35 pb nett profit plus $170 million in the bank today = $298 million this time next year, giving us tens of millions to play with after debt paid off....$50 bucks nett profit at $100 pb?

The bond is now easily payable - hope the judge has a calculator.

Bondholders could push the expiry date out several more years if they wanted to or we could pay the bond off and kick the bondholders into touch and get another bond from elsewhere if need be - simple.

Oil at the same price today from June 2022 to June 2023 would add another $170 million with a $35 pb profit - enough for a sidetrack or water injection well or both within 2 years after bond paid - fag packet maths.

I rest my case Your Honor...…….hand slams down for effect :- )

Could someone list the 5 July resolutions.

They need to stop faffing about and concentrate ALL their efforts on cracking on with the Monte Aymond well and getting the KNOWN 5 million cftgpd pumped out that flows - flowed for 10 months was it before being capped due to the infrastructure?

What's that around 40% of current gas production?

KK,

Watch and learn.

2020 FY Results will not likely be carp as you now seem to be getting to understand, but bleak at best.

Right downs on 5 wells plus many other expenses EP's etc..
boats fees in the hundreds of thousands
Bank account battered - around $1 million I'd guess
40% of domestic oil production produced at a loss
export oil income just about keeping the lights on
over 1 million barrels have been produced in past 2 years - will they knock that off the P1 number in the 2020 FY Report to boot?
license fee paid each quarter in the hundreds of thousands

Please don't try an put a positive spin on 2020 - the results will be CARP.

This year will have a better FY Results IMO when out next June or so.

….have got to be out this/ next week surely.

Hanging on for the carp FY Results before throwing another chunk in, but it's looking like neck and neck with a RNS for the 154 well hitting TD with a likely full Op's Update, which I don't want yet (get the FY Results out of the ways first please).

They've produced a million barrels since 2019 will they knock it off the P1 Reserves this time around?

How come it's taking so long to issue a RNS if the shareholder meeting was at 12pm or have I read it wrong?

There's enough in the bank to do a side track plus and addition $100 million+ in revenue.

Bondholders could easily extend the term by another 4 years enabling HUR to do a couple of sidetracks/ water injection well.

Lincoln's 5,000+ barrels pd from one well is just sat there to boot.

Bondholders know this and are playing it out re shareholders revolt - outcome.

I can't see the latest Q & A ?

I seem to recalling seeing they said 100 barrels of oil would be added with the workovers being brought online?

Forget what the RNS has said - if someone could pull up what they said exactly in the latest Q & A about this would be much appreciated.

Thanks

$17 million, geez!

First think that springs to mind why they're pushing the restructuring is - kick backs.

Director to Broker - let's meet in the pub - Broker to Director - make sure the pubs got a big frontdoor, the envelope is pretty big :- (

My mums just voted against re-appointing the directors and restructuring proposal, she's touching 80 years old, if she can vote anyone can.......

..with cash in the bank and revenue increasing there should be enough in the bank to pay off the loan next June.

Then get another 4/5 year bond to pay for a sidetrack and with decent revenue coming in to add to the funding of a water injection well and sidetrack, simple right?

Kick this shower out and pay off the bond and see what funding we can get thereafter or push the bond/ interest payments out another 4 years like the bondholders have done with Echo.

Just called HL to vote against Restructuring and Board reappointments.

HL - T. 0117 900 9000