Hurricane Energy Share Discussion Threads

[geordy2] 25/10/2016 16:41

TD online application does not work,you get the following message.

"The allocation you have entered is not a valid number"

They are aware of the problem as I have just phoned them !!!!

TD seem to screw up corporate actions on a regular basis, this is not the first time they have published untested option/actions

HL is looking more attractive these days.

G2

[thanksamillion] 25/10/2016 15:40

Took your advice kaytom, thanks.
As it happens it looks like ringing them is the only way to try for additional OO shares as doing it yourself seems to screw up the balancing calculations of the three fields, they can set it up for you using an internal system.

[oilandgas1] 25/10/2016 15:34

TD just issued their HUr corporate action offer.

[kaytom] 25/10/2016 15:10

Selftrade is 31st October.

Thanksamillion, your best giving them a call and explain what you want to do.

[thanksamillion] 25/10/2016 15:10

Anyone explain how to fill in the form?

I see:

Sub shares to lapse (Default) 0
Sub shares to exercise 0
Open Offer 0

If I want to take my full entitlement do I simply fill my allotment eg 10, in
the "Sub shares to exercise" box

If I want to subscribe for say my 10 shares allotted plus an additional 10 would I simply enter 20 in the Open offer box?

TD's documentation does not give clear guidance in any of this.

[laserdisc] 25/10/2016 14:14

Accounts with Td waterhouse have been updated they are using 2nd November cut off date

[kaytom] 25/10/2016 13:55

James_Jones
The shareholder Circular notice was available on the Hurricane website last Friday 21st

[james_jones] 25/10/2016 13:16

Shareholder circular just released.

www.hurricaneenergy.com/assets/Documents/ShareholderCircularNoticeofGM20161021.pdf?1477029461

[laserdisc] 25/10/2016 12:55

Warwick 
204/30b, in due course seismics will be done to locate a drill location expect that to start next month keeping my eye on the vessels

[laserdisc] 25/10/2016 11:36

My speculation is it may be pre emptive be sold on to highest bidder.They are presently proving up as much as they can. The oo appears to me just a gesture for investors remembering those who are still holding from the initial float. If they do take this to production on their own I would be surprised,as their strength is in the exploration side. Whats the reasoning in proposing to re opening the data room if part or all is not up for sale once data room opens more newsflow

[bloodhound] 25/10/2016 11:15

Anyone else slightly miffed at the allocation set aside for 'retail' investors? I know it would of meant a prospectus having needed to be created and costed but they could have raised more money than the 5M Euro limit and given us little fish a greater reward than the 1/76 allocation, I'm sure most on here would fill their boots given an opportunity to do so!

BH

[tiltedtrader] 25/10/2016 10:33

Barclays told me notifications will be sent this week

[thanksamillion] 25/10/2016 10:06

Give them time folk, the OO will go to the Brokers account first as one transaction, the broker then has to split it down and post allocations to each individual investors account, so can take a while - today / tommorrow.

[northwestwirral] 25/10/2016 09:57

Same with H&L

[garymegson] 25/10/2016 09:56

Cheers Guys, I will stick with my current holdings and get what i can with fresh funds no point getting to greedy i suppose.

[gisjob2] 25/10/2016 09:50

Same with HSBC.

[bloodhound] 25/10/2016 09:47

I'm with Barclays and haven't heard anything yet about the OF, anyone else here with BARC and in a similar position?

BH

[ltinvestor] 25/10/2016 09:38

Gary m.I doubt that you would get anywhere close to that figure by which time the share price should be higher as I hear that much more news to come in the next couple of weeks.I will take up my full entitlement and will apply for excess although not confident!Whichever route you choose good luck.LT

[laserdisc] 25/10/2016 09:37

no thought about that but not doing. Going for excess application with fresh funds it will be oversubscribed,What we don't know is how the shares will be allocated ,could be all high applications are thrown out, .. they allocate from the lower end, then again could be just averaged across all applications, bit like the thatcher privatisations

[eringael] 25/10/2016 09:35

Yes Gary was think selling all but excess at 34 and make 15% but I know I would never get them all again

[garymegson] 25/10/2016 09:25

Was thinking about maybe selling part of my holding (All profit) say £5k worth then apply for excess using that £5k. Anyone else doing this and is it worth it? Say i don't get the £5k worth i would then have to buy back but at what price and when would we find out what allocation we got?

[laserdisc] 25/10/2016 09:16

That's good, that extract my post from original rns perhaps they have amended things gives a bigger window
Normand arctic supply boat left Aberdeen
last night 24/10/2016
23:45
TRANSOCEAN SPITSBERGEN, Offshore Oilfields
will arrive at rig 2pm

[garymegson] 25/10/2016 09:12

Strange my letter states instructions need to be provided by 14:00 on the 3rd November and cleared funds must also be available on that day.

[laserdisc] 25/10/2016 09:04

Latest recommended time and date for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST 
4.30 p.m. on 1 November 2016

Some of these brokers need to get moving with the paperwork