Hurricane Energy Share Discussion Threads

[rahosi] 28/3/2024 15:31

XO,no payment credited

[ifaze] 28/3/2024 15:25

ii tells me 0.617p will be paid to the account when they receive it.

It has been paid but unlike previous payment, has been made to General Investment a/c and not ISA.

[ctc1] 28/3/2024 14:45

cheque in the post today from computershare/Prax

[ctc1] 28/3/2024 12:37

Thanks FF appreciated

[bionictroller] 28/3/2024 11:55

So if you haven't lost money on HUR (assuming a 12.5p payout) why are you so bitter and twisted ?

Are you honestly telling us you haven't made a loss assuming a 12.5p payout ?

pull the other one

[senseman] 28/3/2024 11:52

bionic aka LSE kever

I'll repeat the offer - show me a single post where I state i have lost significant sums - and i'll gift you my home and my DCUs

have a nice day in the nuthouse

[bionictroller] 28/3/2024 11:10

Senseman

You are a bitter investor who clearly has lost significant sums on HUR.

I am delighted by the Prax deal and I expect the full 12.5p payout which will be a 100% return for me and many others.

[senseman] 28/3/2024 11:07

senseman LSE RE: March DCU Payment - 0.617pToday 11:03

GOOD:- .6p via good production & $85 Brent sees all at 6.9p p.sh. Expected .9p end Sept (3 offloads) sees all at 7.8p p.sh, with another offload in AM tanks & another due end Dec (2 offloads). So 8.4p.sh end Dec 24, 1.5yrs post summer 2023 sale, with 2 yrs left till end 2026 cut-off date.

BAD:- 2.4p in 18 months (1.6p annually) = 3.2p due 2yrs 2025/2026. So 11.6p.p.sh total. Assuming no production fall, stable costs & $85 Brent. But production falling & costs rising. So barring lasting dramatic Brent rise to compensate, 11.6p p.sh will not occur, never mind 12.5p p.sh. Barring Prax/HUR buying producing assets, 10p p.sh more realistic - largely dependant on production not falling off a cliff.

Possible UGLY:- CA half yearly reports almost 50% of it's circa 550 million DCUs sold at significant premium. It was a pre-summer 2023 PI concern that a sweetener private deal may have been agreed that post-sale (after decent interval) Prax would buy CA DCUs at a premium unavailable to other SHs. Has such occurred? Or did CA manage to obtain such premium via clever salesmanship to entity or entities other than Prax. I do not know the answer rather but simply phrase the obvious reasonable man question.

NB. Lest we forget perspective - irrespective of whether DCUs top out at 9p, 10p or miraculously 12.5p p.sh - overwhelming majority of PIs are deeply underwater at much higher SP, with many already drowned

[fat frank] 28/3/2024 09:32

No mention of current flow rates

[fat frank] 28/3/2024 09:29

So that should be a minimum of 3 cargoes paid out in Sept and with a slightly better oil price.

[fat frank] 28/3/2024 09:25

Deferred Payment Calculation Statement

Payment Date:
29 March 2024
Period covered
1 July 2023 - 31 December 2023
Lancaster Field
Total barrels sold in period 1,072,720
Total cargoes sold in period 2


Gross Revenue (USD) $91,202,623.87
Revenues received by the Hurricane Energy Group* during that Half-Year on
a cash basis for the sale of Relevant Hydrocarbons (expressed in USD)

Less reasonable fees and/or costs properly incurred by the Hurricane Energy Group in respect of:
Transportation downstream of the Lancaster FPSO of Relevant Hydrocarbons $(1,557,110.01)
Transportation downstream (other than from the Lancaster FPSO) of Relevant Hydrocarbons —
Other freight, port charges, inspection and testing and outturn losses in respect $(307,128.78)
of such Relevant Hydrocarbons
Marketing of Relevant Hydrocarbons $(161,421.90)
Any portions of revenue over which third parties had existing royalties
or net profits rights when acquired by the Hurricane group —

Net Revenue (USD) $89,176,963.18

GBP:USD exchange rate as at 16:20hrs 04/03/2024 per HSBC 1.2703

Net Revenue (GBP) £70,201,498.21

Deferred Payment £12,285,262.19
Equal to 17.5% of Net Revenues (GBP)
Deferred Payment per DCU £0.00617

[fat frank] 28/3/2024 08:47

Shouldn't we get paid today as it's the last banking day in March?

[senseman] 28/3/2024 00:02

LSE senseman

For bionic (LSE Kever)
RE: DCU.Today 23:51
To the nutter - show the forum a single senseman post indicating I have had to consolidate heavy losses and I will sign over to you you the deeds to my home, and my DCUs.

PS. the cat displays greater intellectual and ethical clarity than you

[senseman] 27/3/2024 22:13

senseman LSE DCU.Today 21:53

The next few days should be fun...)

Forum ethical guardian senseman, he of objective fairness and wry sense of humour, is watching...)

Watching for those (the known) who post with good intent, and those (the known) who post with malevolent or misrepresentation intent...)

Kever. & broom - you've behaved for a while.....keep up the good work...don't let yourself down...)

Current consensus - sale deal being proven to be sellout bad deal - the now pertinent questions being how well will P6 production hold up...and how much will Brent price help us get anywhere near the promised still rip-off holy grail of DCU assisted max 12.5p target.

Brent current $86.3, with most end Q2 predictions $85-$90

Already by Dec 2023 Hur, Prax & CA supported P6 profit figures shown to be mickey-mouse fairy tales

No Prax purchase of production assets to protect 12.5p target

Ergo - currently all PI arguments being proven correct, and DCU top end 12.5p target dependant on P6 production & Brent price.

Let the games begin...)

(NB. For LSE kever read bionictroller ADVFN

[ctc1] 27/3/2024 21:57

Anyone know if it is 2 or 3 cargoes since last Sept?

[ctc1] 25/3/2024 11:36

Okay thank you

[bionictroller] 25/3/2024 11:19

0.7p for 2 offloads

1p if 3 offloads included

[ctc1] 25/3/2024 10:44

How much will PRAX pay DCUs this time I wonder?

[bionictroller] 15/3/2024 08:51

why would there be an XD date when the shares aren't lised on the LSE ?

You just get a payout based on the number of DCU's you own

[rahosi] 15/3/2024 08:33

Will there be an announcement / EX date similar to a regular dividend?

[bionictroller] 14/3/2024 15:11

next 2 weeks