Hurricane Energy Share Discussion Threads

[kooba] 27/10/2021 20:21

You qualified to give investment advice then ??

[kooba] 27/10/2021 20:21

CA were buying ahead of the court hearing when the company would not speak to them and they were at total Loggerheads..you think they were inside then or just accusing them of insider dealing now ?? What we do know is they know their way round a court room , so I'd mind your manners sunshine people can take such accusations rather badly.

[back2basics1] 27/10/2021 20:16

The new HUR BoD has started extremely well here and all in such a short time while taking over from the last incredibly disastrous very crooked now thankfully Ex-HUR BoD, give it time and clearly undervalued HUR will be well back in double figures way before some may currently expect.

“West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks”:

“Despite being relatively under-explored and under-developed compared to the rest of the UK Continental Shelf (UKCS) it has yielded some huge, if hard-won, successes.”

[kooba] 27/10/2021 20:14

CA were a holder pre IPO , it was floated by Cenkos @43p in 2014 and raised money then ..again CA supported that issue. Kerogen got involved post listing.Can anyone in any way prove that Kerogen have a holding in the conv bonds and therefore broke disclosure rules when they had a guy on the board and it was not disclosed along with their equity holding correctly in the report and accounts ? Otherwise let's except that they were only approached with the restructuring plan as an equity holder once the restructuring was already on the launch pad.I'm just hearing no proof of the conspiracy theory of Chinese moves at all.When Kerogen were approached they could have got a whitewash to inject cash for a controlling interest diluting shareholders out of sight job done if that's what they wanted surely. They didn't ..but they still hold.

[goforgold1] 27/10/2021 19:45

Your best buying BEN . Get out of this gamble

[goforgold1] 27/10/2021 19:44

This share is a gamble . You could wake up one morning poor or rich . There are so much problems in the back ground why CA are buying the stock up is probably they know something everyone else does not. Insider dealing still goes on .. Time will tell it's used the death spiral for years . Just all be carful

[kooba] 27/10/2021 19:00

Largest Bondholders and also AHC membersThe group comprises Melqart Asset Management with $38 million in principle, Caius Capital with $35.5 million, Kitelake with $34.6 million, CQS with $22.7 million, and Astaris Capital with $20 million. Kite lake feature as an equity short but has close now I believe.

[kooba] 27/10/2021 18:51

Hurricane was founded in 2004 but was not floated until 2014 not sure there were many outside PIs in 2005.Kerogen had a man on the board after supporting the equity raise ..any interest represented by board member has to be declared , equity or conv bond holding . No conv bond holding ever declared...because they don't have one .

[kooba] 27/10/2021 18:45

I have seen a list of bondholders ..Kerogen ain't on it.They were nothing to do with AHC or would have been inside fir months before restructuring announced..they were contacted in April just before announcement so court docs say.

[kooba] 27/10/2021 18:42

Apart from they don't hold bonds and were not at all connected to the board or AHC during the restructuring process ..don't mind calling out those that were responsible but can't see how Kerogen are in any way. They were as I said approached at the eleventh hour asked if they would put up money or support plan . They could not / would not put money in ..nor would I in the circumstances but also refused to support the plan. Fare dos CA took them on and Kerogen didn't but this is small beer to Kerogen in relation to assets under management. I am hopeful that Kerogen having retained their holding would be supportive of moves to take the company forward and further restore value.

[luckyjoe999] 27/10/2021 18:38

Post from lse bb today:

daltry
Posts: 2,510
Price: 4.852
No Opinion
RE: Absolutely Outstanding RNS Update by CA on HUR Today

Today 15:42

“Having been in HUR since 2005 I was always assured by a former BoD member that Kerogen were the major bondholders. I have no reason to think otherwise…R30;..”

[bobsworth] 27/10/2021 18:34

Christ what a can of worms all this is.

The sooner shareholders are granted a full investigation & subsequent explanation the better.

[senseman] 27/10/2021 17:48

kooba - kerogen hold 18% largest shareholder and were informed of restructure scam plan at same time as CA, they dis nothing, abstained, voted neither for nor against. all it needs for evil to succeed is for 'decent' folk to stand by and do nothing. kerogen stood by and did sod all. kerogen owe all SHs explanation. till then, SHs have every right to consider Kerogen being possible bondholders up to no good. it is as simple as that!

[kooba] 27/10/2021 17:40

Interesting article on Kerogen ..they have had done good success in U.K. E&P but one disaster ..Hurricane! Why do they not mention the disaster they very publicly backed and got Triced ? I wonder..like all of us maybe want to focus on the positives!What is interesting is as stated they refused to back restructuring and have held onto their stake..a reinvigorated campaign might well get backing??

[flyinghorse1] 27/10/2021 17:40

Does anyone see the WOSP gas pipeline tie in happening as thats the key to prolonged (and sub bubble) point production here given ESG hurdles these days and OGA flaring stance.
Given current gas pricing I can see it being financable and may even energise Spirit energy GWA phase 2 (Lincoln gas condensate )
It was mentioned in this piece last march:
hxxps://www.energyvoice.com/oilandgas/north-sea/226841/hurricane-and-spirit-energy-amend-greater-warwick-deal-after-plans-are-stalled/

FH

[kooba] 27/10/2021 17:37

Kerogen nominated director resigned from board in Sept before engagement with AHC. Kerogen hold no bonds as far as I am aware. Kerogen we're only informed at the eleventh hour of restructuring and did not back it. Not sure why Kerogen are a target to get any restitution from the restructuring debacle exactly?

[marmar80] 27/10/2021 16:36

UT 5.06p, nice finish 5+

[luckyjoe999] 27/10/2021 16:18

Post from lse bb today:

TopCat81
Posts: 389
Price: 4.904
No Opinion
RE: Absolutely Outstanding RNS Update by CA on HUR Today

Today 16:12

“Kerogen along with the Ex-HUR BoD’s Directors Insurance should pay Hurricane Energy back for their undeniable total Negligence along with complete lack of Duty of Care (if not their criminal acts!) in purposefully running the company down! If taken to Court, they could end up in serious trouble and hence may decide to settle out of Court, just one small clear example here is the $17M completely wasted by this do absolutely nothing but damage shareholder value now Old Board of Directors.”

[back2basics1] 27/10/2021 14:52

Today with the benefit of a lot of hindsight here, found this Energy Voice article on Kerogen (timely in a way from earlier this year) interesting reading, in summary Kerogen are extremely keen on WoS region but suspiciously keep very silent when asked on Hurricane Energy:

“Cheng would not be drawn on the future of Kerogen’s 16% holding in Hurricane Energy, the beleaguered west of Shetland operator.

However, he said: “We’re committed to the UK, we have an office there, a lot of our investments are there.

“It has traditionally been a core part of our business and I think it will continue to be”.

Oil and gas, as he said, isn’t going anywhere, and Kerogen is keeping an eye out for opportunities within its own portfolio”

[pensioner2] 27/10/2021 13:24

I think CA are trying to get those 40m below 5p. Not much chance imo.

[marmar80] 27/10/2021 09:02

Matter of time

[pensioner2] 27/10/2021 08:42

If CA plan to go to 29.99% they've another 40m or so to buy yet.