Hurricane Energy Share Discussion Threads

[davidblack] 23/2/2017 19:53

They just have put in place a simple mechanism to be able to buy back cheap stock during the closed period, no doubt based on a discount NAV basis.

Also it ensures their shares are never cheap as if often the case with investment funds.

[thegreatgeraldo] 23/2/2017 19:42

Hehe.... the link you give is for August last year... & they made the same arrangement in Jan last year,



Non-issue.

[copestake] 23/2/2017 19:39

I heard they are talking about a fund raise for production. Anyone have an ideas what that will include and if there's likely to be a placing?

[rhomboid] 23/2/2017 19:09

Hi TGG
Given materiality of CA HUR holding to the fund they've put in place a plan to trade around a result, they did the same for Lancaster ;

[cinques] 23/2/2017 18:38

TGG

But if HUR spikes on a really good Halifax result, then CA may spike a bit too and Winterflood can sell some CA treasury shares into that spike....possibly.

[davidblack] 23/2/2017 18:20

But it does point to them being a very good shareholder from a compliance perspective.

Also Richard Bernstein the fund manager is a very smart cookie.

[thegreatgeraldo] 23/2/2017 18:14

rhomboid, surely that affects trading in shares in the fund? Nothing to do with their folio?

[greyingsurfer] 23/2/2017 17:56

Thanks, rhomboid - clever!

Wouldn't we like to know what the parameters are!

Peter

[the sage] 23/2/2017 17:38

Excellent info as always, Laser.

[rhomboid] 23/2/2017 17:34

CA prepared for Halifax...very cute arrangement

"Crystal Amber Fund Limited

(the “Company”)

Potential transactions in own shares during close period

Crystal Amber Fund Limited announces that the Company has entered a one month close period ahead of the notification of its interim results for the six months ended 31 December 2016 (the “Close Period”), which is expected to be on or after 28 March 2017.

Pursuant to the share buyback authority approved by shareholders on 18 November 2016, the Company has appointed Winterflood Investment Trusts (“Winterflood”) to manage an irrevocable, non-discretionary share buy-back programme to repurchase on its behalf, and within certain pre-set parameters, ordinary shares in the Company, which will be held as treasury shares, during the Close Period.

Pursuant to the authority approved by shareholders on 18 November 2016, the Company has appointed Winterflood to manage an irrevocable, non-discretionary share sale programme to sell for cash on its behalf, on a non pre-emptive basis and within certain pre-set parameters, treasury shares held by the Company, during the Close Period. Treasury shares will only be sold at a price above the net asset value of the Company.

The Company and its directors have no power to invoke any changes to the above programmes and they will be conducted at the sole discretion of Winterflood.

For further enquiries please contact:

Crystal Amber Fund Limited
William Collins (Chairman)
Tel: [phone]
www.crystalamber.com

Allenby Capital Limited - Nominated Adviser
David Worlidge/James Thomas
Tel: [phone]

Winterflood Investment Trusts - Broker
Joe Winkley/Neil Langford
Tel: [phone]

Crystal Amber Advisers (UK) LLP – Investment Adviser
Richard Bernstein
Tel: [phone]"

[laserdisc] 23/2/2017 15:48

this link you can put in these co ordinates 60.01,-3.65 around that
AT 3PM WIND SPEED 14knts and actually decreasing its not bad for next 24hrs

[the sage] 23/2/2017 15:44

I hope that everyone is ok on the rig while Doris blows over.

[laserdisc] 23/2/2017 15:16

small top up at 52.50p for me which is avail now

[gary38] 23/2/2017 14:42

Brent crude oil has a potential to cut through resistance level of 57.62 in the next couple of weeks on the daily chart.

[gary38] 23/2/2017 14:35

Brent crude oil back above 57$

[gary38] 23/2/2017 13:31

Oil prices rise after report shows drop in U.S. stocks.

[sheep_herder] 23/2/2017 12:34

Rayrac, you don't really understand engineering do you. ngms wasn't being pessimistic but was highlighting how stupid it is to try and guesstimate what is happening based on a timeline.

Engineering is about solving problems that are presented to you as you try to carry out an action. Doing something once in time X doesn't mean it will take you X the next time you do it. Especially in something as complex and unpredictable as drilling a well.

[bloodhound] 23/2/2017 12:24

50p? Do you mean +0.5p Ray?

BH

[rayrac] 23/2/2017 12:21

50p!? Is that all?! After all the sufferin yesterday? Still, got to be expected? Some guys are here having broken open their money boxes and are grateful for small offerings.

Stressed, that's what they are. Ice cream guys, melt with just a bit of heat. 😰😱

[ngms27] 23/2/2017 12:15

Depends if either of these rumours posted on here were true:
1) The well had to be respudded
2) The well had well control issues

I'm not for one minute saying they are but what I'm saying is that judging by time elapsed if often not a very good method of determining outcomes.

[gibso6767] 23/2/2017 12:07

must admit at our level HUR Operationally wise keep a tight ship ,my own tenpenneth worth being that looking at past well times ,ROP ,probable depth then its good news so far ie DST ,what comes from that is anyones guess .

agree with Adouble on lse that if the well was dry as a nuns chuff then a cement plug and voila cest fin would have already happened