Hurricane Energy Share Discussion Threads

[jacquibic] 20/3/2023 08:58

Jeez share price 6.56 slides any further and it will be the first investment where it cost the acquirer zero and the new Investor entering zero unbelievable!

[jacquibic] 20/3/2023 08:50

Morning Kooba thanks for your counter opinion it’s underpinned on a doomsday scenario (highly unlikely) it appears you still make no acknowledgment of the BOD past behaviors (concerning) would you entertain that the share price has been manipulated to assist in this possible acquisition or again is reality reality if so on that basis the market thinks this deal is a stinker (who would not spend .007p to buy poss .068p) the market is saying I don’t think so!

[marmar80] 20/3/2023 08:43

There was 140m in the bank in February, so now will be around 145

[soilderboy] 20/3/2023 08:40

When are we likely to vote?If the deal collapsed and there were no takers, then what is the projected forecast of continously production?. Unless a brick wall was hit first, of course.

[wbodger] 20/3/2023 08:22

CA do not necessarily have to have an agreement on the DCUs with Prax - I actually agree that would be dodgy, however it was worded. CA only have to arrange an exit of their own ... probably in parallel with their discussions with Prax. CA must have been confident of a minimum outcome to give them the exit they need at their best acheivable price, by the end of this year. They need that for their own fund winding up (or reasonably soon after it). Richard Bernstein isn't daft, this must be better than just letting Lancaster run down.

kooba posted an idea (#37003) as to how Prax could be bound into keeping Lancaster pumping, securing their cooperation through the tax credits. That might be the leverage RB needs (and which a third party buyer of CA's DCUs would also need). It doesn't get to 12.5 pence, because of the early failure risk, but that risk is unavoidable.

I'm speculating, and RB has tweeted that we will know more this week, which seems to point at a CRS Operations Update. Especially I want more simplicity about the DCUs, so, pace kooba, I think I'll wait before heading into the fearsome complexity of them.

[evilblues] 20/3/2023 08:14

I think the suggestion made that the press beyond social media need to throw the HUR story around a little is a strong one. Reputations are rightly on the line on both sides of the deal.

[senseman] 20/3/2023 08:11

koob
i am most certainly interested in how the DCU's work & avidly await details. please don't twist me.
why tweet? - because if you are half way up the eiger north face and can't see a way upwards, you go sideways till you can see a way up. the one thing you don't do is nothing. PI's only way to defeat deal (if that is their view) is to achieve 25% AGM votes. tweets are public domain, are read & influence. should PI's remain mute?
Prax will be getting hundreds of millions of quids worth of tax credits they make clear they intend to use and benefit from. we are donating them for free. why? there is fair and there is skewed. Prax are getting HUR for free

[kooba] 20/3/2023 07:44

Marmar80.well lets hope so on oil but i tend to look at the live price as an indication of future cash flow..the idea that the US government is manipulating the price to buy is rather fanciful i think. Unfortunately the current price is eating significantly into margins as the fixed cost element , ie operational costs are rising as far as i am aware like in most sectors.As to cash , most free cash is being paid out isn't it?There will be $130m in the bank at the end of this month after fixed costs depending on likely high advisor fees.So thats £107m or 5.4p per share and as i factored we get another 0.4p net of costs ( disputed by senseman i think) or so after the April offload depending how you spread costs , shareholders will get 6.02p end May beginning of June. The offload after that we get 17.5% of the revenue..i presume the normal contracted arrangements with BP for the life of the well continue so the commercial price we get will be transparent...another point to ask i guess.

[marmar80] 20/3/2023 07:22

Have a look at 37020. What is your opinion?

[marmar80] 20/3/2023 07:21

Kooba. Oil prices are down because US reserve needs to buy it back at prices under $70 (per Biden's primise to US citizens last year). Give them a month and prices will be going up again.

[kooba] 20/3/2023 07:15

Not helping any scenario!Brent down another 3%.https://tradingeconomics.com/commodity/brent-crude-oil

[kooba] 20/3/2023 06:30

We differ in view ..thats fine. You have no interest in trying to understand the value of the DCUs because you would never accept any offer it seems because you believe there is some untold value in a single producing well that is declining to economic exhaustion which nobody in the industry can see...and hope lives eternal it seems.I stand by the numbers I have posted and the assumptions I have made they haven't changed much and my expectation around any offer was realistic unlike many . I may not put up a rose tinted view but I believe my assessment is realistic around the known facts as things stand...i also think ignoring risk is not assessing risk reward..it's just ignoring risk and assuming reward.Going to leave it there ..there is no point in this until there is more information from the company , Prax or maybe the CRS update...and then some will just not want to hear how this works. Pretty sure nobody is pleased how this has gone ..but if production ceases in the coming months we end up likely down on where the current cash is and would have to wait quite a while to get what was left back..until the decommissioning was done and the company wound up they would hold a large contingency back , and those BW escrow funds would also be gone.When we cease production we would also likely lose any value in the tax credits as they would not be available to transfer if we were no longer a going concern. I think we could get less than the 6.02p in total on that less than optimal basis in the near term Keep me posted on the gladiators,,what are you demanding exactly? That the company stays independent and wound up under the same management? If you can muster 5% you can call a general meeting yourselves to oust Maris..think thats about 100m shares...but i guess over 45% vote against that now so not winnable.You can share if you wish.

[senseman] 20/3/2023 00:16

20 replies in a blink
senseman LSE
RE: SENSEMAN CALLS TWEETERS TO ARMS - YOUR FORUM NEEDS YOU! Today 00:11
Immediate new target by midday today (Monday) - 30 replies. Register for Twitter - 5 mins
YOUR FORUM - YOUR MONEY - YOUR BRAVEHEART GLADIATOR SELF ESTEEM - NEEDS YOU!

[porrohmahnn] 19/3/2023 23:15

We won't know how the DCUs will operate until the Scheme Document is published. According to the announcement on 16 March; "The Scheme Document, containing further information about the Acquisition and notices of the Court Meeting and the General Meeting, will be published as soon as practicable and, in any event, within 28 days of this announcement."

[senseman] 19/3/2023 22:43

senseman LSE
SENSEMAN CALLS TWEETERS TO ARMS - YOUR FORUM NEEDS YOU! Today 22:26
RB's tweet link with currently ALL circa 14 damming replies/repostes
YOUR FORUM NEEDS YOU - TWEET YOUR REPLY - DO NOT LEAVE IT TO OTHERS
Ignore this post and fail to sleep at night from guilt! plus the bat senseman will send to fly up your nightdress!

[senseman] 19/3/2023 22:11

koob
pop over to lse and you will see that out of need for posters to see a reasoned counter-argument from someone respected (you) that the deal is/possibly is sensible, i posted in 5 or 6 concerted posts the relevant interchange posts between jacqui, yourself and me. you will see i skewed nothing and made crystal clear peeps needed to read and reflect upon your views.

[marmar80] 19/3/2023 21:44

Kooba, one question, in your opinion why only a part of unrestricted cash is being returned to us?

[jacquibic] 19/3/2023 18:08

Senseman I cannot thank you enough for the précis your understanding of this situation is invaluable.
Kooba I could never put together what Senseman has penned but please provide your counter for balance.
Kooba the one thing I am 100% sure about is human behaviour repeats this BOD left a footprint so big it can be seen from space yet you seem not to bring it into focus why?
You are very well respected on this forum and probably hold much sway please respect this outcome has far reaching consequences for many holders.
Could I suggest you step back and digest what has gone on before and maybe factor that in to your calculations

[sensemun] 19/3/2023 16:32

you tell me

[rja63] 19/3/2023 16:28

What happened to the 14p bid?

[sensemun] 19/3/2023 15:15

Joing the group

[marmar80] 19/3/2023 12:44

Senseman, I would not be able to summarise it any better. Lack of common sense when it comes to return it with cash. Is it Prax or Hurricane who pays for this takeover.

[cashandcard] 19/3/2023 12:43

I suspect a rebrand/repurpose will require fully removing current management - that's the only sticking point.Cash