Hurricane Energy Share Discussion Threads

[jacks13] 06/10/2021 09:55

So wouldn't it be better to say so.

[ngms27] 06/10/2021 09:54

They want the old guard out, Maris and Chaffe.

[jacks13] 06/10/2021 09:53

The current board is comprised of :
CEO, Antony Maris
CFO, Richard Chaffe
Non-Executive Chairman, Alan Wright
Non-Executive Director, David Ian Craik
Other directors
Secretary, Daniel Jankes

Only Maris could be described as having been 'airdropped in to carry out their hatchet-job'. Chaffe had previously been assistant to Stobie, and is not a NED. Wright and Craik have appeared since and as a consequence of the failed restructure. So who is it that now requires the order of the boot in your opinion?

[telbap] 06/10/2021 08:51

Question one has to ask is who singled them out and who gave the final nod of approval for these hastily airdropped NEDS?

[linz22] 06/10/2021 08:26

Get Trice back,.?

And, finally give all the usurpers, recently airdropped in to carry out their hatchet-job, the order of the boot.

[officerdigby] 06/10/2021 08:21

It's not a good situation generally to have a CEO against equity. But what you gonna do? Any of these NEDs got oil qualifications?

[telbap] 06/10/2021 08:18

Would like to see a close this week over the 4.25 high of last week.

[telbap] 06/10/2021 08:17

Rinse over, now to see us back up again

[soilderboy] 06/10/2021 06:28

82.78 dollars a barrell and rising!!!!

[marmar80] 05/10/2021 16:07

4p+ by end of the week if oil stays as high as is now

[sji] 05/10/2021 15:44

Brent was $82 this morning. Now, it's $83.70! I never believed that Brent could hit again $100 but watching the trend, it looks like we're moving there.

[marmar80] 05/10/2021 13:12

Looking good

[luckyjoe999] 05/10/2021 10:42

Post from lse bb today:

DifferentAngle
Posts: 463
Price: 3.80
No Opinion

Today 09:31

RE: WELL DONE ALL - 80+ EMAILS SENT TO 2 NEW NEDs - POSITIVE RESPONSE

“Anyone linked to old incredibly toxic HUR Board of Directors needs to go, they did nothing but deliberate shareholder value destruction and a with new team here along with much higher Oil prices, undervalued Hurricane Energy can only become a coiled spring here thereby, hugely rewarding it’s long suffering shareholders moving ahead.”

[kooba] 05/10/2021 09:15

From Listing particulars still relevant.Seems some optionality of pricing to BP but on a month on month basis the revenues should reflect Oil price advance.12.5 BP ContractThe Company is party to the BP Contract under which Hurricane agrees to supply and sell its entire entitlement to the crude oil produced from the Lancaster Oil Field (Block 205/21a) to BP on an FOB basis and BP agrees to take delivery and purchase such crude oil from the Company and to market such oil to third parties.The BP Contract expires on the later to occur of (i) six years from the first commercial oil production; and (ii) the marketing by BP of fifty-five million barrels of oil; but the term may be extended by the parties for successive twelve month periods. BP may terminate the BP Contract on thirty days notice where the Company does not commence commercial production by 12 April 2020. The BP Contract terminates automatically on the earlier of (i) cessation of production; and (ii) 12 April 2028.The key provisions of the BP Contract are conditional upon BP Marine Assurance's approval of the FPSO; and BP's confirmation that the health and safety policies at the FPSO are satisfactory.The price which BP pays Hurricane for the oil it buys under the BP Contract is dependant upon the price at which BP sells such oil to third parties including a profit sharing factor for Hurricane, based on such sale price. As such, BP's payment to Hurricane is calculated by taking (i) the average of all the high and low quotations on Platts Crude Oil Marketwire for Dated Brent during the first five days of the Bill of Lading month (subject to BP's election to adopt such average from a period at the end of a month); plus (ii) the differential to Dated Brent in BP's on-sale price to third party offtakers FOB at the delivery point (or, if delivery terms are not FOB at the delivery point, then the differential is netted back to BP at a level that reasonably reflects a FOB delivery point differential to Dated Brent using the actual figures); less (iii) a marketing fee.The marketing fee consists of a fixed fee element (US$0.30 per barrel up to 15 million barrels marketed and US$0.15 per barrel where over 15 million barrels are marketed) and the above mentioned profit share element (calculated as 25 percent of the difference between the on-sale differential and an agreed benchmark value based on the oil's expected market value).The BP Contract contains stabilisation provisions whereby if a change in regulations has an adverse economic effect on Hurricane, it may request a renegotiation of the price. If the parties cannot agree such revised price within the given timescale, Hurricane may terminate the BP Contract.The BP Contract restricts the Company's ability to dispose of a part or whole of the Lancaster oil field in the following ways:(a) BP may terminate the BP Contract in the event of a farm out where the new licence holder does not meet BP's "know your customer" and anti-money laundering clearance processes at BP's sole discretion (acting reasonably);(b) BP may terminate the BP Contract in the event of a change in control where the party acquiring control does not meet BP's "know your customer", anti-money laundering, sanctions and other regulatory requirements placed on the acquiror; 265 (c) in the event of a farm out, the Company must use "all reasonable endeavours" to procure the new licenceholder enters into a marketing agreement with BP; and(d) in the event of a farm out which reduces BP's marketing entitlement to Lancaster oil to less than 40 percent, the Company must pay BP compensation (subject to DECC's approval of a FDP unless the Company disposes of its entire interest).https://www.hurricaneenergy.com/download_file/force/355/309

[sji] 05/10/2021 08:34

HUR is almost there (probably early next week) with its next oil uplifting (some 500k barrels). Since our previous uplifting in late August 2021, the oil price has improved from around $72 to the current $82. If I remember correctly, HUR gets a slightly lower price than the current Brent oil price. But irrespective of the actual price that we got for our last uplifting (which improved our cash position by some $22m), this time round, we are going to get some $10 in the barrel improvement which works out into an extra $5m cash for HUR. Some extra cash for the forthcoming bonds redemption!

[senseman] 05/10/2021 08:25

Joe - Thank you for private message informing you sent email to 2 HUR NEDs supporting CA investigation request. Will inform LSE forum

[back2basics1] 05/10/2021 08:10

“has anyone noticed
shorts now at 0% completely closed out”

Absolutely! Excellent sign here, first time that I have ever seen “Shorttracker” showing 0% HUR institutional Shorts, GLA.

hxxps://shorttracker.co.uk/company/GB00B580MF54/

[marmar80] 04/10/2021 21:46

Unfortunately that can also mean less large trades as insti buying pressure will be gone. Time will tell of course.

[stockhunters] 04/10/2021 21:15

has anyone noticed

shorts now at 0% completely closed out

[kooba] 04/10/2021 19:00

Not seeing many validating any of that. ..seems you are your biggest fan...hey lets not knock confidence but also lets acknowledge our limitations. You and i are merely expressing opinions and without the data we are going on public information..neither are qualified to offer a competent persons view..i accept that you not so much.Thats the difference i guess.

[tradoil] 04/10/2021 18:41

Seriously. No one cares

[officerdigby] 04/10/2021 18:21

(Sorry all waggling my John Thomas about)

[ngms27] 04/10/2021 18:19

I've never worked on the coal face in this sector though I did do a parcel of work for one of the Russian outfits a few years ago.

However I've been investing in the this sector since the late 1990's and believe as a lay person I have a better understanding of the technical's of this sector than the vast majority of private investors.

There are a few on here who will attest to my track record being pretty good.

For the record my current sector holdings are:
PANR - Average price 32p
TXP - Average price 82p
JSE - Average price 37p
AEX - Still in the accumulation stage ready for seismic and drilling in 2022