Highlands Natural Resour... Share Discussion Threads

[warwick69] 30/8/2017 12:33

There is no real news other than oil shows no idea if it will flow at sufficient rates to make it commercial I've been caught out by this company on too many occasions to give them any trust just yet!!! Still feel the fiasco of selling the warrants was against all shareholders interests no for the benefit of the board salaries

[costapacket] 30/8/2017 12:32

Profit taking Yorgi I would guess

[yorgi] 30/8/2017 11:25

It has surprised me that after today's great news that we are still only trading around the same price that we were last week.

[yorgi] 30/8/2017 11:17

Today's news of course is only the first well with a lot more to come.

[oilandgas1] 30/8/2017 10:38

Bo90 - do you have any numbers to back that up for OPEx , G&a, etc ?

What about gas profitability?

[yorgi] 30/8/2017 10:35

Yes Bo90 please explain ?

I would not have thought production costs would be very high at all.

[jayrh] 30/8/2017 10:31

Bo90 why explain

[bo90] 30/8/2017 10:30

With oil at sub $50/b it's the costs of retrieving it that are vital. I have no doubt that HNR will have producing wells but the profit per barrel is questionable

[jayrh] 30/8/2017 09:32

Production before Christmas I reckon....

[regandharry5] 30/8/2017 09:27

What price if it's oil at Wildhorse?

[substp] 30/8/2017 09:24

Only by ConocoPhillips performance to the North.

[loveandmoney1] 30/8/2017 09:10

rubbish.they know a lot more about the well.

[substp] 30/8/2017 09:05

Peeps they still don't know anything about the well until it is completed and brought into production....... I see the news didn't affect the share price that much after all.

[yorgi] 30/8/2017 08:54

Although we might be disappointed at the placing price it really is quite insignificant when looking at the bigger picture and as long as this mornings news is the first of more oil find from the folllowing drills.

[yorgi] 30/8/2017 08:50

Lobo,

I don't know but I doubt it once terms have been agreed and signed. The process of a placing does take quite some time longer than a lot might imagine.

[warwick69] 30/8/2017 08:45

When was a placing like this ever in the interest of shareholders!

[lobo] 30/8/2017 08:41

"yorgi
One comment I would make regarding the timing of the placing which should be kept in mind. A placing does not happen just like that, it does take days if not weeks..."


Fair point, but if there is a good discovery during the process of placing, can't the company withdraw the offer and start again, in the interest of its shareholders?

[jayrh] 30/8/2017 08:37

A gradual climb will do me fine. Before it sinks in people will miss the boat...

[loveandmoney1] 30/8/2017 08:29

tbh im suprised at the muted reaction.bit of a trust issue with BOD sadly.

[podium] 30/8/2017 08:27

Good progress so far.

[costapacket] 30/8/2017 08:26

Excellent RNS. Would be good to get a sense of the actual quantity and bopd potential though hitting a known reservoir is great news. Heartening that its not just the one well to progres too so more news to come

Hard to gauge a realistic derisked value. Any thoughts?

[substp] 30/8/2017 08:25

They did know the timelines but they didn't know the outcome of the first or second wells....:-)

[yorgi] 30/8/2017 08:12

One comment I would make regarding the timing of the placing which should be kept in mind. A placing does not happen just like that, it does take days if not weeks from the beginning of the process to completion so it was not all decided yesterday or last Friday.