Hurricane Energy Share Discussion Threads

[ngms27] 03/11/2021 17:15

Nothing to do with reduced production like...

[laserdisc] 03/11/2021 16:54

Hyper Al, some reading here they are working on it


we are
now aligned with OGUK emissions definition.
I am pleased to report that, following a full
year of operations on the Aoka Mizu FPSO,
our CO2
emissions intensity declined in 2020
year-on-year, from 47.6kg/bbl to 41.2kg/bbl.

[cyrilsneer1] 03/11/2021 16:16

This has held up well today, let's see if we have another big late buy after hours.

[senseman] 03/11/2021 12:37

STAGGERING WANTON DESTRUCTIONToday 11:55
I remain staggered at what the former BoD tried to do. The scale is nigh on incomprehensible.
With the SH at circa 1p pre-Hearing, the MCAP, with circa 2.4 billion shares, was circa $24 million
At one point the SH cratered to circa 0.6, ie MCAP circa £14.4 million
Fees paid attempting to effect failed 'restructuring' circa $17 mill (est) + CA fees, say circa $20 mill in round
In other words, the then ENTIRE company MCAP sacrificed on failed 'Plan' to 'save' the company.

Someone, somewhere, somehow, for my sanity explain to me how this was not attempted fraud on a a grand scale.
I still wake in cold sweat hearing Justice Zacaroli's immortal words (I paraphrase)....'It is difficult to understand why, if the company is worthless, so much effort and money has been expended trying to transfer 95% of nothing to bondholders.'

The effect on shareholders lives - catastrophically immense.
Ice cold fury multiplied a thousand times. Accurate feelings- unprintable

[senseman] 03/11/2021 12:35

Hyper - you'd be dangerous if your brain worked

[hyper al] 03/11/2021 12:18

UK government will introduce a temporary levy on the profits of oil and gas companies at a rate of 25%.

[miamigo] 03/11/2021 12:13

Hyper Al
The only way they could do that is to stop producing oil. HUR and all the other oilers. Never going to happen. Unless BoJo is completely hell bent on destroying the country's ecconomy?

[hyper al] 03/11/2021 12:06

How will HUR do this

"COP26: UK firms forced to show how they will hit net zero"



"By 2023, they will have to set out detailed public plans for how they will move to a low-carbon future - in line with the UK's 2050 net-zero target."

HUR had better start working on it.

Why would anyone invest in a hydrocarbon business now?

[luckyjoe999] 03/11/2021 09:31

Post from lse bb:

TopCat81
Tue 17:08
Posts: 393
Price: 4.90

“We keep hearing this 12-14p range, what is the catalyst for a move up to that level?”

The same catalyst that took this down to unprecedented low levels in which we are still lingering today, the incompetent, deceitful, corrupt, totally useless Ex-HUR BoD who thankfully have now vanished/lost control. Hence, catalyst here is clearly the new predominantly CA (who have massive skin in the game) appointed HUR BoD who so far seem extremely proactive and along with ~$85 Brent (another major catalyst here today) will utilise higher PoO, HUR’s rich WoS assets, licenses, tax credits, significantly increasing net company cash……………..while noting that in such short time, new HUR BoD have already completed the repurchase of 34% of the Company's Convertible Bonds which is something the old BoD not only failed to do but didn’t even bother to attempt, nor did they open any dialogues with financial markets abundant with liquidity, they only totally waisted $17M+ in attempting a self serving restructuring scam in which I have no doubt that at least some of them were complicit!

And crystal clear here that HUR’s now Ex-BoD tried EVERY underhanded tactics that they could think off to deliberately completely destroy shareholder value and no doubt that the last HUR CPR was also part of this unbelievably massive Ex-BoD “giveaway scam”, all stakeholders now need a new and truly independent CPR of HUR’s vast and potentially extremely prolific WoS acreage conducted in order to see “the significant value we see in our West of Shetland portfolio”.

After all, “How is it possible that an independent assessment carried out in 2017 is able to produce in place volumes for Halifax amounting to 5,143 MMstb (best estimate), up to 9,043 MMstb as a High case, when only a few years later, without any more wells having been drilled on the discovery, its volumes essentially disappear from the radar?”; West of Shetland is the region’s most prolific area and that is precisely why ALL of HUR’s surrounding acreage has been snapped up (and predominantly by the big boys) but strangely, HUR’s vast WoS acreage, licenses, unique IP……R30;…was all about to be given away for free!

[soilderboy] 03/11/2021 08:27

Brent 83.22.

[professor cuntax] 02/11/2021 23:04

LOL. We are taking this dog down under the order ofH O D H A S H A R O N

[cyrilsneer1] 02/11/2021 16:45

Someone's filling orders..........

[monkeybusiness1] 02/11/2021 13:46

Unbelievably, only circa 1.5M shares traded here so far today, and with current HUR market capitalisation of mere ~£93M, share price manipulation on such extremely low trading volume days (wether by MMs or Other) is so incredibly easy, just saying!

[wbodger] 02/11/2021 10:10

Re CA continuation vote: According to yesterday's Crystal Amber RNS there are currently 83.495 million voting rights, and according to the most recent declaration Saba had 21.855 million of them, 26.17%. That is currently more than 25% of voting rights, but would not be if the Board of CA placed 16 million Treasury Shares with supporters of continuation. It's all about timing.

(Astonishing Stifel still unable to get expressions of interest in funding more wells, if a poster on LSE is to be believed. Sounds terribly familiar. Stifel:Muppets.) Hope there might be some blood on the floor at HUR if CA get through continuation.

Interesting per LSE Fandagle seems to be long now. Heady days at the Carlton Club. There hasn't been this much fun since Britain left the gold standard.

[kooba] 01/11/2021 17:20

Lets secure extending production capacity ...sooner rather than later hey!The OPEC+ decision is on Thursday and another 400k/bpd is expected to be added as OPEC sticks to the script. There's some tail risk they could add more as the US and others lean on them.WTI is up 51-cents to $84.08 and rose as high as $84.88. One note that's getting some attention today is from Bank of America, where analysts say $120 oil could arrive by June.They cite a potential for surging gasoline demand along with jet fuel.Goldman Sachs also highlights an increasingly bullish backdrop."We estimate that oil demand is nearing 100 million b/d, its pre-COVID level, with winter seasonality and the recovery in international jet demand set to bring demand to record highs by early next year," they wrote today.The biggest tell might be the increasing backwardation in the crude market. That's a sign that oil is being rapidly pulled from inventories.

[kooba] 01/11/2021 09:52

Brent having a better day following recent consolidation still seems set up to break new multi year highs over coming months to me ..fingers crossed..but not enjoying filling the car up so much !

[pensioner2] 01/11/2021 07:58

How can you record a trade with a weekend and 50 minutes between it being made and reported?

[bobsworth] 31/10/2021 17:17

Crystal Amber Fund

INVESTMENT STRATEGYInvestment Objective
The Fund's objective is to provide Shareholders with an attractive total return, which is expected to comprise primarily capital growth but with the potential for distributions, including distributions arising from the realisation of investments.

Investment Policy
The Fund invests in a concentrated portfolio of undervalued companies predominantly listed on UK markets (usually the Official List or AIM) and which have a typical market capitalisation of between £100 million and £1,000 million. Following investment the Fund engages with the management of those companies with a view to enhancing value for all their shareholders.

Investment Strategy
When investing in undervalued companies, the Fund aims to promote measures designed to correct the undervaluation. It will seek the co-operation of the investee company's management as far as possible. Where a different ownership structure would enhance value, the Fund will seek to initiate changes to capture such value. The Fund may also seek to modify existing capital structures and introduce greater leverage and/or seek divestiture of certain businesses of the investee company.

[philwalker36] 31/10/2021 08:49

Oh fair enoughWorth doing then

[officerdigby] 31/10/2021 07:51

89% and the interest its still >$15m + plus interest.

hxxps://www.boerse-frankfurt.de/bond/xs1641462277-hurricane-energy-plc-7-5-17-22

[philwalker36] 31/10/2021 07:26

I thought the bonds were trading near par. So other than the interest, what is the point. Other than to get the bond holders off the company's back.

[officerdigby] 29/10/2021 14:49

Got feeling HUR won't switch to anything remotely positive b4 a second bond holder offer made.