Hurricane Energy Share Discussion Threads

[rich2006] 02/6/2021 21:53

Jackknife
You make such a big deal about PWC, have you read their report.
PWC were given clear instructions of what was in scope and what was out of scope of their analyses. This is clearly stated in their report.
The HUR bod paid for the services and engaged PWC to provide a third party report with only the scenarios the board wanted them to analyse. So is it a surprise what the outcome of the report was.
There were only a few scenarios PWC were tasked to report on, it is a bit like tying one hand behind your back when your other arm has already been amputated.

As previously mentioned I have no dog in this fight but it is interesting.

If I was a shareholder I would be asking, is there any value in the 50/50 joint venture with spirit, is there a break fee if spirit drop out for example.

The existing and previous HUR board have made so many mistakes it begs the question why anyone would be prepared to trust anything they do or say.

[nigwit] 02/6/2021 21:26

Even if there was an easy way to go short why would anyone still be short on a share that’s got nowhere left to fall?

Today’s RNS is professional. I’m tempted to buy a share so I can listen into the shareholder’s Q and A. It will be salutary ...

... and the best comedy one can buy for a penny.

[tradoil] 02/6/2021 19:46

That was a thumbs up by the way not a ?

[philwalker36] 02/6/2021 19:40

Like you I have mentally written these shares off.So worth the gamble just to spoil it for the shortest, board plants.

[tradoil] 02/6/2021 19:31

The inference that "our board" is doing us a favour is priceless. I own the shares , I don't have to come up with a viable alternative. I can vote as I wish . Good luck CA. As I have already said . Bravo for trying . I'm all in.

[ppceh] 02/6/2021 19:27

Tradoil

Agreed, shareholders would be crazy to vote for this when there is a chance that CA might be able to persuade the Judge to defer. There are clearly a bunch of shorters who appear desperate to depress the share price or influence gullible investors. Any of them who claim this judgement is a given is either an idiotic or lying.

[tradoil] 02/6/2021 19:22

The point is I own the shares .

[loglorry1] 02/6/2021 19:20

Tradoil we get it. We just don't think it's at all relevant what you do with your existing shares.

If you were prepared to offer up a viable alternative to the plan your board is proposing that would be a whole lot more interesting.

[tradoil] 02/6/2021 18:58

For self appointed Mensa geniuses you lot still do not get it . I would rather lose 100% of my investment and attempt at whatever odds to get a better outcome , than accept 95% loss and surrender to a bunch of stupid , lazy , discourteous, useless clowns . It's hilarious reading all the high brow nonsense on here . It's so pointless. But as ever you just love the sound of your own voices , so clowns , go for your lives . Knowing that the real people on here see through the pathetic , droning, tedious sermons for what they are .Self indulgent tittle tattle .

[tradoil] 02/6/2021 18:18

Zzzzzzzzzzz

[tournesol] 02/6/2021 18:06

This board now appears to have been taken over by Turkeys who have decided to vote against Christmas.

Is it possible that they really think that such a vote can possibly make any material difference to their prospects?

A vote against restructuring will achieve nothing. A vote to sack the BoD will achieve nothing. The directors with their fiduciary responsibility, the consultants and advisors with their contractual responsibility - have all concluded that there is no viable future where turkeys are concerned. They are for the chop after which they will be plucked and drawn. Longer term, they'll be roasted. That's the awful truth.

Is it possible that some superhero - call him Crystal Amber Man - might parachute in and rescue the turkeys from their impending fate?

Yes, of course, anything is possible. But what are the odds? 1%? 0.1%? 0.001%? I'd say even less than that.

[ppceh] 02/6/2021 18:02

‘You certainly are one long winded prat’

He’s clearly short! JN - you should disclose your position so everyone knows where you stand? Otherwise we might mistake you for an obsessive nutter.

[back2basics1] 02/6/2021 16:02

As HUR shareholders, if not already done, let’s ALL ensure that we immediately register our votes here AGAINST all 7 HUR BoD proposed resolutions and fingers crossed, thereby help kick out this arrogant, incompetent, and deceitful BoD; HUR will likely soon have fresh active competent board/executive team in place, followed by long missing forward plan, cost management initiatives, institutional fundraising efforts utilising today’s ultra low interest rate environment, long nonexistent shareholder engagement, new CPR and possibly subsequent re-found of HUR’s potentially huge WoS reserves, fast increasing cashflow, new found fat in out balance sheets post audits by new team, higher Oil prices, utilisation of huge company tax credits ahead, farmout potential, upticks in regional M&A and JV activities,......and so the long list goes on and on.............so clearly, today’s crazy extreme lowball BoD suppressed HUR market cap will certainly not last. In any successful company, good management is key, and this is clearly what has been lacking in HUR big time, where as instead of good, HUR has had incredibly incompetent, and possibly totally crooked team in place (imagine, same Chairman still here for last 3 years+ running, and incredibly still seeking re-election, if he was even half decent, shouldn’t he have fallen on his sword during last 3 years with all the turmoil here instead of taking absolutely Zero pay cuts, and accumulating wealth with no skin in the game?!), I am now convinced more than ever before that truly great times lie ahead here, DYOR, and GLA.

[pensioner2] 02/6/2021 15:50

The genuine shareholders do look to have upset the trolls on this company. Good luck to them in ousting a board which looks to have been operating against their interests.

[senseman] 02/6/2021 15:44

Jaccyknife
You certainly are one long winded prat

[back2basics1] 02/6/2021 14:19

“Shareholders and Bondholders are reminded that in the event the Restructuring Plan is not approved at one or more of the plan meetings, or if it is so approved but not sanctioned by the Court, the Restructuring will not be capable of being implemented. In that scenario, it is” GUARANTEED THAT THIS TOTALLY INCOMPETENT, ARROGANT, DECEITFUL, DO NOTHING BUT VALUE DESTRUCTIVE, NON REPRESENTATIVE HUR BOARD OF DIRECTORS, WILL IMMEDIATELY BE OUSTED/KICKED OUT BY IT’S COMPLETELY IGNORED LONG SUFFERING SHAREHOLDERS, AND HENCE, HUR AS A COMPANY, WILL THEN VERY LIKELY HAVE A LONG & EXTREMELY PROSPEROUS FUTURE AHEAD IN EVERY ASPECT, DYOR.

[impvesta] 02/6/2021 14:17

"NorthWestWirral2 Jun '21 - 10:58 - 26980 of 26985
0 3 0
Hi Impvesta:

Sent an instruction from my login account by a secure message."

Thanks NWW12. I will do the same!

[luckyjoe999] 02/6/2021 14:10

Post from lse bb today:

British
Today 12:59
Posts: 1,495
Price: 1.122

Urge all shareholders to vote please and ASAP. The 2 main votes are on June 11 and June 30. For June 11, it is imperative to vote against now. It takes 7 days for many brokers to get the vote registered and deadline is 2 days prior to vote. For June 30, it is also important to get your against vote done and dusted.

"Shareholder Restructuring Plan Meeting" and "AGM" - Resolutions and My Votes Cast:

- Shareholder Restructuring Plan Meeting to be held on 11 June 2021 (Special Resolution) but Votes to be in before 7 June:

1. That the Restructuring Plan as set out at Appendix F of the Explanatory Statement is approved. - VOTED AGAINST

Annual General Meeting to be held on 30 June 2021 (Ordinary Resolutions):

1. To receive the Annual Report and Group Financial Statements of the Company and reports thereon of the directors and auditors for the year ended 31 December 2020.
- VOTED AGAINST

2. To re-appoint Deloitte LLP as the Company's auditors until the next Meeting and to authorise the directors to agree their remuneration.
- VOTED AGAINST

3. To elect Richard Chaffe as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

4. To elect Antony Maris as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

5. To re-elect Steven McTiernan as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

6. To re-elect Sandy Shaw as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

Please vote ASAP and remind the HUR BoD that Turkey's Don't Vote For Christmas!”

[luckyjoe999] 02/6/2021 14:08

Post from lse bb today:

British
Today 12:24
Posts: 1,495
Price: 1.122

The board had not anticipated the challenge. The legal advise to them must be that it will be a smooth sailing. Now, having made this decision, they have to live with it. They are damned either way. If they don't force ahead with it, they will end up looking like muppets. If they force ahead with it, they are doomed for failure but they are clutching the straws( Legal advising them they will get it through). It will be so good if they accept their mistake and engage with shareholders. They can make an exit gracefully. But they want to make it difficult for everyone including themselves.

[jam2day] 02/6/2021 12:24

Dear XXX,



Thank you for your email.



We have received a number of emails regarding the timing of the General Meeting requisitioned by Crystal Amber Fund Limited, and we have prepared the following response which we are sending to all shareholders who have contacted us on this matter.



In accordance with the Court Order received on 24 May 2021, Hurricane Energy has convened a meeting of the Company’s shareholders on 11 June 2021, where the Company will seek approval of the restructuring plan from its shareholders. The associated Shareholder Plan Meeting Notice is available on the company’s website at www.hurricaneenergy.com and has been mailed to shareholders. Further information regarding the Shareholder Plan Meeting will be published on the Company’s website in due course.



As stated in its 19 May 2021 announcement, Hurricane Energy is currently considering the content of the requisition notice received from Crystal Amber Fund Limited pursuant to section 303 of the Companies Act 2006 (the “Act”). Hurricane Energy will respond in accordance with requirements of the Act and make a further announcement in due course.



Best regards,



Hurricane Energy

[dave999dave999] 02/6/2021 11:01

don't get me wrong Milk Pond was an example from life in general rather than a comment on posting here.... :)

we can all cringe in an all staff meeting when a director use exasperate rather than exacerbate or mute rather than moot..

yes its hard to stand up in front of 800 and talk but they are paid to do it.

but it certainly has an impact on gravitas and diminishes the impact of the message

i shouldn't be criticising, took my teachers years to work out was just lazy , not dyslexic :)

[northwestwirral] 02/6/2021 10:58

Hi Impvesta:

Sent an instruction from my login account by a secure message.