Hurricane Energy Share Discussion Threads

[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

[janekane] 14/3/2024 14:10

When’s the next payment due

[bionictroller] 07/3/2024 15:06

you're the vermin who still can't accept the excellent Prax deal

[bionictroller] 07/3/2024 14:37

it was your error fatty not mine

[fat frank] 07/3/2024 14:31

Not sure why I am confused? I just politely corrected your error.

[senseman] 07/3/2024 09:45

so now you can be man enough to apologise to fat frank. not for getting it wrong - but for being mannerless and rubbishing him

[bionictroller] 06/3/2024 21:24

I thought we were talking about offloads that were going to be in the next DCU payment which is due end of march

[fat frank] 06/3/2024 18:59

laserdisc24 Feb '24 - 09:16 - 37913 of 37941
0 1 0
Tanker changed now sending AMUNDSEN SPIRIT
Position: 55° 27' 58" N, 5° 38' 24" E
Last seen: 2024-02-24 08:48 GMT
Location: North Sea, DK
Destination: LANCASTER O F
ETA: 2024-02-25 17:00 GM
draft 9.2m
then estimated Rotterdam Shell Terminal Europort for Weds 28th

[bionictroller] 06/3/2024 18:13

rubbish

It was early jan 2024