Hurricane Energy Share Discussion Threads

[bloodhound] 23/4/2018 10:10

I wonder if RB@CA will pass comment on the new Chair, would be interesting to hear his thougts.

BH

[verymaryhinge] 23/4/2018 10:08

it doesn't really matter, you get 1923.0769 shares per $1000 nominal bond. This ratio was a function of $1000 / 52cents (the conversion price)

you convert a bond today (irrespective of what you paid for it) you will get 1923.0769 shares which are worth £761.15, or at 1.4 $/£, $1065.61 (it's intrinsic value)

The bonds are trading at a premium (c. 129)to the intrinsic value because they're paying a 7.5% coupon (per 1000 nom)

[steve73] 23/4/2018 09:33

40p was the conversion price..... although since it may have actually been 52cts at the time, that would now make it 37.1p at todays Fx.

I can't recall if the CP was fixed in GBP or USD.... can anyone recall?

[tom111] 23/4/2018 09:25

40P is becoming a hard nut to crack

[laserdisc] 23/4/2018 08:32

500k buy gone through

[telbap] 23/4/2018 08:27

I am with oilretire on this one. It was always the plan to sell up. Look to his early comments. For me it was clear.....find it, prove it, sell it. We could say we have moved a further step along the line with the FSPO, harva, really it's part of the plan, who is going to buy the type of play for good value, without seeing the money? I believe we will see value from this, and maybe sooner than we think.Once the.kit is on site and the oil starts flowing then hold onto your hats.

[chopsy] 23/4/2018 08:19

....sale or farmin.....
We may not want the former but that's what the menu is.

[laserdisc] 23/4/2018 08:11

Thanks fireplace vessel in past was used by Ithaca Energy for their fpso I will add to my fleet

[gary38] 23/4/2018 07:59

Well done DrT and Team on the Great appointment of the experience of Mr Steven McTiernan .This is his comment below .Mr Steven McTiernan commented:"I am most enthusiastic to be joining Hurricane, one of the UK E&P sector's most exciting junior companies, at an early stage in the development and appraisal of its unique and play-opening assets. The potential scale and productivity of Hurricane's opportunity is highly significant. I believe that my diverse technical, financing and transaction experiences can be valuable in helping shape the future progress of the Company. I am also reassured to see the steps already taken by Dr David Jenkins and the Board to put in place corporate governance standards appropriate for a more mature company, and I look forward to steering further steps in this process as the Board considers the merits of application for a premium listing."

[francis55] 23/4/2018 07:45

Bags of experience and appointed to draft us to premium listing where someone with M/A experience can sift the wheat from the chaff if others come knocking and ensure the right value is sought.. because there will be offers...

[oilretire] 23/4/2018 07:37

Why the surprise at that comment?? We all know that's the plan, prove up the EPS on our own then get a realistically valued deal of some sort to move to the FDP.....

[fireplace22] 23/4/2018 07:23

Suggestion/hunch on lse that Jumbo Kinetic, now in the Red Sea may be on its way to pick up the turret buoy from Dubai.

[ayl30] 23/4/2018 07:21

On the basis it was specifically said I can only assume so

[mirabeau] 23/4/2018 07:17

'particularly his significant M&A experience, is well suited to guiding the Company in its next steps beyond the commencement of the EPS'.....

Yes A30, I also noticed this.

Why would Trice make a specific and direct reference to this particular aspect of his career? Is it relevant? Is Trice inferring or suggesting corporate activity?

[ayl30] 23/4/2018 07:10

New Chairman rns, sounds ideal, note comment re M&A experience

[arcadian] 20/4/2018 13:02

Thanks- always good to have friends.

[bones] 20/4/2018 11:21

anley, absolutely. I won't hear of any bad word said about Kerogen, Crystal Amber or Dr Trice. They were there when no-one else could give a toss.

[anley] 20/4/2018 11:03

BONES........and they deserve to be well remunerated.........

[bones] 20/4/2018 10:00

Arcadian, to be fair, Kerogen only turned up in April 2016 but they were key to ensuring that HUR didn't run out of cash at the depths of the bear market and no-one else would dip a toe into Dr Trice's pool.

[arcadian] 20/4/2018 08:31

EX

Thanks for the response. Kero have been there all along and the others contain a fair amount of retail so maybe the IC stance is fair and we shall just have to await first oil.

[hiddendepths] 20/4/2018 08:28

I really hope it is Aidan! He owes me one from the old days as I got behind him when all Tullow had was a tiny play in Senegal. Brought him his first institutional investors of substance! We used to meet in pubs and he'd excitedly sketch the seismic on paper napkins for me. I wonder if he remembers - a lot has happened to him since those early days.

[laserdisc] 19/4/2018 20:12

link here for who is holding stock OWNERSHIP MAJOR / INSTITUTIONS / FUNDS three quarter's way down page ,ownership links also show who is presently buying OMGB Investec Global Energy
AWI Artemis UK Smaller Companies and who is selling CA