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Thanks again Senseman.
I have been longterm holder.
I have done an email & I will be attending & will ask at the AGM.
Been a lurker for a while.
Hold shares in HUR
Thank you senseman for the spadework. Appreciated.
Email duly sent
Thank you senseman for your hard work this morning . Email sent .
Email sent
Great work Sense. Thank you . Email sent by me.
Thank you SENSEMAN great work - Sent this morning.
Strong work, thank you
Having seen this, I'm guessing they can forget/be too busy to open this mailbox in good time for the Q's to be processed and presented?
AUTO RESPONSE
Thank you for your enquiry.
Your request has been logged and you will receive a response within the next 10 working days.
We aim to respond to all enquiries within 5-7 working days but some requests may take longer
Kind Regards
Communications Department
done!
The email address for sending is comms@hurricaneenergy.com
The subject header should read AGM - 10 FOREMOST SHAREHOLDER QUESTIONS
The email is complete for copy & paste sending as is, save for the ending slightly truncated by text space. The cut off has been minor and can be typed in. The last question + sign off should read:-
"Does the company intend to invest the whole of any EPL sum otherwise payable as tax, in order to obtain 91% offset benefitting the company, rather than remit 100% of the sum to government as tax?
Yours faithfully
A N OTHER
SHAREHOLDER"
I will send mine 9am when alarm goes off (no sleep yet) in case peeps seriously unhappy with effort & choices. Sorry if anyone's favourite question excluded - limited to 10 with 'batching' where poss, and kept shortish for impact. I would SUGGEST all send precisely as is due to time constraints and need to get ideally 20-30 copies (more the merrier) to comms by 12.20pm deadline. Remember BoD obliged to address at AGM only if 'common request'. If peeps want amend, chop, add, I fully understand. But again repeat, the more identical, the more likely BoD obliged to address AGM. The first paragraph is self explanatory and establishes the position.
If send, please post have done so we have a running total.
Those attending AGM can print off and seek answers to any BoD leave unaddressed. Also Laser from ADVFN posted on here list of good supplementaries peeps can print off and take to AGM
Dear Comms Team
I ask that the below questions be directly addressed by the Board at the AGM. This request represents the collective wishes of a significant number of shareholders, arrived at following considerable discussion:-
AGM - 10 FOREMOST SHAREHOLDER QUESTIONS
Why has no apology been proffered, nor acknowledgment of any errors made, regarding the 2021 failed attempted restructuring which would have needlessly diluted shareholders’ holdings by 95%? It cannot have escaped the Board’s notice that that action caused shareholder confidence in the Board to evaporate. How does the Board intend to restore shareholder and investor confidence in it? What reassurance can shareholders have that such behaviour will not reoccur?
Do any Board members intend to purchase shares in the company? If not, why? It is commonly accepted that management with ‘skin in the game’ other than salary is more likely to be fully aligned with shareholders’ interests.
Given the most recent P6 well data analysis, until what date does the Board now consider P6 will be economically viable, on a ‘stand-alone do nothing further’ basis, with Brent priced at (i) $100 (ii) $120?
The 205/21a-6 well (well 6) was fitted with 2 ESPs. In March 21 the company switched from the lower of the two pumps in well 6 to the upper pump following a lower pump issue. Does the lower pump still provide backup in the event of upper pump failure? If not, does the company have a costing and % downtime if the pumps need replacing? In the event of unplanned failure, what contingency is in place to minimize production downtime?
When will the remaining outstanding bonds be formally repaid? Post repayment, with significant net cash plus ongoing healthy profits, what specifically will be the company’s strategy moving forward? In short, what is the company’s ‘Plan’?
Does the company intend to effect a sidetrack of well P7z? If so when, and what is estimated CAPEX? If a sidetrack (P8) is commissioned, is it intended thereafter to drill a water injector well to improve reservoir sweep, and at what CAPEX?
Will continuing gas flaring of well 6 risk extended production? If so, how is it planned to counter this? Also, in light of extensive data now collected, is there an intention to drill another producer well on Lancaster?
Is the company seeking to engage in a corporate transaction whereby it either (i) increases producing assets & relieves it’s single-well dependency? (ii) sells the company and obtains ‘fair value’ for it’s historic tax losses? If (ii) what fair value does it assess those tax credits at? And what SP value does it currently place on the company in the event of a sale? Does the company plan to market itself for further investment? If so, how?
Does the company plan to issue dividends, either special or regular? What is OPEX and well 6 flow rate as of today?
Does the company intend to invest the whole of any EPL sum otherwise payable as tax, in order to obtain 9