Hurricane Energy Share Discussion Threads

[bountyhunter] 15/12/2023 15:51

Cheers laser, prax dcu's, I missed that having sold out when I should have held on!

[bountyhunter] 15/12/2023 13:39

What happened to this share (I used to hold but sold out when the dilution looked a dead cert!)?
I see that the chart flatlined.

[kooba] 15/12/2023 12:15

Prax are busy on expanding there downstream operations whilst still stressing the integrated nature of the business. Am sure investors with the DCU's would like to see more activity a the upstream end diversifying the income stream as was the stated intention when hurricane was acquired .https://uk.investing.com/news/stock-market-news/shell-agrees-to-sell-stake-in-germanys-schwedt-refinery-to-prax-group-3270831

[fat frank] 15/12/2023 11:18

Hey Laser - any sign of a tanker?!?!

[porrohmahnn] 02/11/2023 03:36

31st March and 30th September each year with the final payment being 31st March 2027, subject to the terms of the DCUs.

[janekane] 01/11/2023 18:17

So when’s the next payday dates 2023

[laserdisc] 25/10/2023 08:08

extract from Crystal amber accounts rns today
At the start of 2022, the Fund's holding of just over 575 million shares, representing 28.9 per cent of Hurricane Energy's issued share capital, had a carrying value of £23 million. In June 2023, following the acquisition of the entire issued share capital by Prax Exploration, the Fund received cash proceeds of £34.7 million. However, those proceeds are not the end of the Hurricane Energy journey. The offer included a deferred consideration element based on revenues from April 2023 until January 2026. Earlier this month, the Fund received additional proceeds of £1.8 million from these deferred consideration units. This equates to 2.1p a share to the Fund's shareholders. Should the deferred consideration units achieve their maximum payout of £37.3 million, equivalent to 41.6p per Crystal Amber share, the total potential consideration due relating to the sale of the Fund's shareholding in Hurricane Energy would be £72 million. This compares very favourably with, the January 2022 stock market valuation of £23 million.



Hurricane Energy is an example of the Investment Manager's determination to fight for Shareholders when necessary and the financial reward in doing so. Shareholders will recall the 2021 judgement from the High Court which prevented a 95% dilution for ordinary shareholders which the Hurricane Energy management had sought to push through. Whilst market participants had written off Hurricane Energy as little more than an embarrassment, the Investment Manager, with its long standing and deep technical knowledge, fought and succeeded in blocking the restructuring. Without the Company's intervention, Shareholders would have been deprived of any meaningful exposure to this improvement in the Company's fortunes.

[ctc1] 17/10/2023 10:36

okay many thanks

[ctc1] 16/10/2023 16:11

Yes I know thanks, but is that the value of each DCU or the quantum?

[laserdisc] 16/10/2023 14:39

CLASS 2 DCU'S trades From Jenkins site
VOLUMES
29/09/2023 64,077 1.77 GBX
29/09/2023 481,450 1.77 GBX
07/08/2023 1,183,294 1.77 GBX
03/08/2023 1,306,146 1.77 GBX
21/07/2023 1,007,585 1.77 GBX
11/07/2023 44,616 1.73 GBX
10/07/2023 22,750 1.65 GBX

[laserdisc] 16/10/2023 08:33

oil continues unloading today Rotterdam Berth: 5E PET TEAM JETTY 2
EDIT finished unloading 16/10 @23.40pm Draft returns to 8.6M
ARRIVED 19:14 on 15th/10 Approx 28HRS on berth

[ctc1] 16/10/2023 08:32

are you saying you got 1.67p for each DCU?

[ctc1] 16/10/2023 08:30

okay thanks for the feedback

[iqboeq903] 14/10/2023 15:28

Sold out as well. Needed money for the house.

[wansze] 14/10/2023 15:17

Sold all my DCU lot for 1.67p months ago. Moved on

[iqboeq903] 14/10/2023 13:25

ctc1. DCUs have traded on JP Jenkins at prices between 1.6p to 1.74p.

[laserdisc] 13/10/2023 17:01

The tanker Altera Wave is now en route to the port of Rotterdam. Expected to arrive there on Sunday evg Oct 15, 19:00.

Offload indicates around 539000 barrels

OIL (BRENT) Price
90.80+4.80+5.58%

[ctc1] 12/10/2023 16:05

Has anyone tried to trade their DCU's with JPJenkins? If so how much did they get for their DCU's? What are the fees?

[laserdisc] 12/10/2023 11:30

This is useful THANKS jacks also noted per Prax news end of September Lancaster current production was around 7,000 bopd. Last full offload was 7th July and we have another one comm today possibilities still for a part offload in late December depends on weather

jacks1310 Aug '23 - 08:52 - 37750 of 37816
0 0 0


at bottom of screen;

Field Production Data, PPR (WGS84) select: 'Options'
from the drop-down menu select: Filter

A dialogue box will then appear, select: 'Add expression'

In the left-hand drop-down box select: 'Field name (String)'

Then in the third box type in Lancaster and click 'OK'

The data for Lancaster will appear

to download the data;

Select 'Options' again and choose 'Export all to CSV'

[bill hunt] 11/10/2023 08:36

Thanks, laser.