Hurricane Energy Share Discussion Threads

[fsawatcher] 12/5/2017 07:39

the company does not have 82.2 million in the bank now. It did on Dec 31st 2016.

After the drilling expenses in 2017, the company has peanuts left.

That why they had to go cap in hand again

This going to get played with by the city coz thats wot happens with warrant deals

It short term finance with high risks

[fireplace22] 12/5/2017 07:39

you're certainly amusing!

[fatnacker] 12/5/2017 07:38

Fucin idiot alert

[leeson31] 12/5/2017 07:29

whats more important here, is the fact discussions are ongoing for a farmin partner, once we get that news, the HUR model is then validated by not only the already received CPR but by then a major oil co. that will make share price fly imo.....

[francis55] 12/5/2017 07:28

Just over 600k profit compared to 5.2million loss last year, no debt and a queue of financial institutions if needed for a slice of the cake. I very rarely go long on a share but i am on this one.

[fireplace22] 12/5/2017 07:27

Fair enough Leeson - wasn't aware of the broker link.

[laserdisc] 12/5/2017 07:23

lots of good news in accounts CASH BALANCES seems Halifax drilling has also been paid
The Group has no external borrowings and ended the year with GBP82.2 million of cash and cash equivalents (including GBP9.9 million of restricted cash held in escrows). These balances have allowed the Group to meet its outstanding trade and other payables of GBP21.3 million that existed at 31 December 2016 and the costs of the remainder of the drilling programme and to commence the purchase of long lead items and other required pre-sanction expenditure (the "Pre-sanction Commitments") under the Lancaster EPS development.

[puzzler2] 12/5/2017 07:20

So, does that mean "We're trusting you Stifel not to junk our SP, or we'll cancel the warrants"?

[ltinvestor] 12/5/2017 07:18

Because of the short dates , less than a month , the company must be very close to a deal

[laserdisc] 12/5/2017 07:18

strengthen the Company's hand in discussions with counterparties.

[laserdisc] 12/5/2017 07:15

The exercise price under each of the Warrants is 95% of the volume weighted average price of the Ordinary Shares, calculated over the trading day prior to exercise. Stifel will use reasonable endeavours to procure purchasers for the Ordinary Shares issued, if any, under the Warrants. The Warrants may be exercised in whole or in part by Stifel.
Unless the Company consents to a continuation of the Warrants, the Warrants will lapse on 31 May 2017. If the Warrants are continued they will lapse on the final longstop date of 30 June 2017. In addition, the Company may also, at its election and without penalty, terminate or suspend the Warrants on any Business Day before 30 June 2017, after which date, in the event of a termination, any outstanding entitlement of Stifel to exercise Warrants will fall away.

[laserdisc] 12/5/2017 07:13

Stifel will be entitled to subscribe for up to 25,000,000 ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares").

[fireplace22] 12/5/2017 07:11

Issue of warrants at a price depending upon the uptake date - an invitation to Stifel to short?

[laserdisc] 12/5/2017 07:07

We continue to progress our debt, equity and farmout discussions with a view to securing the best risk-adjusted returns to shareholders.

RNS accounts & warrants plenty to read this morning

[rayrac] 11/5/2017 23:17

What I'm saying is, Francis, value will out. If you are short term, then it will matter. I think we forget that MM's couldn't give a toss about anything other than turnover/volume. That's where they make a living!