Member Info for WhichWayNow

Interactive Investor works fine.

I’ve held HUR for most of the last 2 years. The single highest impact risk, IMHO, remains water breakthrough. RT and his team have the best evidence and obviously believe it will be manageable. I hope and suspect they are correct. But let’s face facts and accept that in FB the fracture network is very difficult to model. An example of this was the company’s initial assertion of no sealing fault on LanFax. After the Halifax drill and in the CPR, a potential sealing fault was then shown on the geophysics as an alternative to the tilted OWC. If uncertainty exists at that macro level then, IMHO, similar uncertainty must exist about the micro-fracture network. The comparisons to conventional reservoirs, again IMHO, are also not necessarily relevant if the vertical fracture system is dominating. I personally think the potential risk is small and I have a significant holding, but certainly not negligible.

Well said!

Looks like he post placing churn has finished to me. The SP price should now start to reflect the reality of whether investors believe the projected sales figures. If they are anywhere near true then this is a no-brainier.

GLA

The significant risk, IMO, isn't depletion (There's plenty of oil), wax (treatable), or GOR (treatable).

To me the only credible, difficult to treat significant risk is water breakthrough. Whilst HUR have done lots of geophys testing, if the vertical fracturing is overly dominant when compared with the horizontal flow then water breakthrough will eventually occur.

On the positive side this won't happen in 6-12 months given the oil column. But it could be a factor in overall recovery of oil, FFD costs and the willingness of big oil to pay premium prices.

Good rise this week. Based mainly on the DM article and MS RNS - IMO. Long may it continue!

Great interview. Good to hear 'profitable and cash flow positive' on current sales of around 100kt. Massive potential.

RicFle Surely the CB closures would only have no effect if the ratio of bond:shorts were 1:1. As I understand it, that would be unusual, but I don't know the ratio, nor whether it varies over time.

Spudgun I sold a proportion of my holing as we went into the low 40s. I bought some back on the dip a couple of weeks ago at the same price, but my holding is still smaller than it was. At the macro level, I see 5 major factors that are driving the price, and at the moment the balance of positive factors has led to a rising SP. IMHO, 4 of the 5 factors have been pretty supportive over the last month. POO has been strong, the $ has been strong, the general market sentiment has been good and operational progress has been positive. On the flip side the rising SP decreases the effective yield for the bond holders and the increasing paper profit will increase the attractiveness of conversion. At some point, just as with recent POO uncertainty, the balance between the factors will vary and the SP will respond. As to whether to invest at these levels - I believe that the SP will be higher in a years time - and I will look to add on further dips.

100% HURRICANE. Petrofac are simply contracted as operators.

The correlation over the last 3 months looks pretty strong. I think RicFle made this point a few days ago that the recent SP movements seem to have a greater link to POO than operational activity.

I'm in a similar place to Casapinos. I have an 'ideal' holding and I go over and under weight based on the SP fluctuations. So in stages, having sold out due to the warrants, I bought in at 32-30p. I then doubled my holding between 28 and 24p a few months back. I sold into the last price surge, again gradually at 36-40p taking my holding down to 15% of the ideal. I was lucky enough to get back to 120% at 34-32p. I had intended to not sell into future surges, but have done so today down to 50%. If the PBLJ was on station, I would not have done so. But my feeling is that there is enough time for the price To drift back over the next few weeks once the current buyer disappears and a few CBs are cashed in. I certainly feel more exposed to a sustained rise than earlier in the year. However, I have banked a significant profit and am realistic enough to know I may miss out on maximising profits should the surge continue. In the end, it's good to be in a share with real potential, and we all manage our own risk choices - some right and some wrong

Updated following results. On the cusp returning a profit. http://www.edisoninvestmentresearch.com/research/report/boku270988/full

I'm n both BGO and BOKU as I think the sector is a real growth opportunity. Worth listening to the BOKU CEO and CFO, especially their take on competition. http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-boku?utm_campaign=1157651_Edison%27s%20daily%20research%20summary%20100418&utm_medium=email&utm_source=Edison%20Investment%20Research%20Limited&dm_i=2PWO,OT8Z,4M3PCK,2JEFM,1#js

Great results and outlook. Video interview at: http://www.edisoninvestmentresearch.com/edison-tv/clip/executive-interview-boku?utm_campaign=1157651_Edison%27s%20daily%20research%20summary%20100418&utm_medium=email&utm_source=Edison%20Investment%20Research%20Limited&dm_i=2PWO,OT8Z,4M3PCK,2JEFM,1#js

Very positive. Http://www.edisoninvestmentresearch.com/?ACT=18&ID=20473&LANG=

Or a response to the Edison note on BOKU, which is positive on the DCB sector And includes a comparison to BGO. Http://www.edisoninvestmentresearch.com/?ACT=18&ID=20473&LANG=

If you look at the TU from July then it is the same as the current update. Nobody was particularly worried about it at that time. And it certainly didn't prove to be a bad omen for the interims. --------------------------------------- End User Spend The EUS rate exiting June 2017 exceeded �300m/yr, compared with �195m/yr exiting December 2016. Growth was from existing app store routes, the addition of new routes for Google Play and early progress in Japan for Amazon. Cash Cash on 30 June 2017 was �5.6m compared with �5.7m on 31 December 2016, due to reduced cash consumption as revenue increased, and improved receivables during the first half. Cost and revenue Costs and revenue are in line with management expectations for the first half of 2017.

Very positive interview by Ray Anderson on Proactive. Emphasises expectation for continued doubling of EUS. And emphasises 'EBITDA positive'. hxxp://www.proactiveinvestors.co.uk/companies/stocktube/8601/bango-launches-carrier-billing-for-netflix-in-mexico-8601.html

Interactive Investor allows trade in BOKU.

addicknt I agree. I think it will be a mix of debt/equity. Looks like $420m cap ex (plus whatever working capital requirements they need). That is pretty sizeable when compared to our current MCap, but achievable.