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We all know it's Kerogen. Chinese businessmen operate accoridng to a different set of rules, usually political and in the service of Chinese Communist State. Morality, law and decency are mere inconveniences
jakeK - We minority shareholders are just minnows in the great game…..out of our hands….
Having been in HUR since 2005 I was always assured by a former BoD member that Kerogen were the major bondholders. I have no reason to think otherwise……..
Daltry
Yes, Kerogen are way too quiet. I have always been suspicious of their intentions and believe they are part of the bond holder group who tried to steal the company (under untraceable links of course).Sad thing is that, if they reach a deal for CA's shareholding, we will be sold down the river for that price.
I have always had this suspicion that Kerogen, PRC, and HUR are linked - by PRC’s wish to have oversea fuel assets which will support the Belt and Road initiative.
CA’s motive ultimately is financial profit. CA may well have wind of this theory.
There is no other feasible reason - than that above - why Kerogen are still in HUR ? Kerogen is mainland Chinese money under a Western umbrella. Please draw your own conspiracy theories.. All IMO.
It has taken 1 month for HUR to recover from the 29 Sept moody Maris RNS which cratered the share down to 3.5p. We are now back to just above where we were then. What a wasted month SP-wise. The danger of moody RNSs vividly illustrated.
It has taken CA request for investigation, voluminous SH emails, and CA's optimistic RNS to get HUR back to where it was.
I await with interest the recent offload production & finance update (now overdue?) to see if Maris & Chaffe's wings have been clipped, or whether they are still prepared to play silly b*ggers
I still can't help but think and feel that a certain somebody at HUR when he sees the PoO rising and forecast to continue rising and the well still performing as it is at present, thinks bug*er and double bug*er.......!
CA wrote as did because HUR (Maris) did not put progress info into public domain as should have.
Most CEO's would have shouted HUR progress from rooftop - Maris has not
CA defence when Maris inevitably phones CA to whinge will be - 'We did it because you did not, Now please start reporting positively as you should.'
One hopes Maris now picks up the baton and runs with it
"If and when this goes past 5.5 today my guess is a rns will be dropped by BOD to hold this down."
Na, can't see that myself. There's been news via CA, HUR will need to drop an RNS that say's their major shareholder is talking bull**** and I can't see them doing that.
FWIW, 'We' did get one a while back in the Trice era killing a rise. SP was rising vertical sharpish and HUR put out an RNS stating there was no reason they knew for the rise. Killed it stone dead but that was 2-3 years ago.
That’s another top up from me. HUR definitely looking a lot less risky now.
If and when this goes past 5.5 today my guess is a rns will be dropped by BOD to hold this down. Constant buys in region of 150000 200000 and 300000 were printed yesterday and today same is happening. Will be interesting to see how this pans out today.
Bobat....
Tomorrow will be interesting to see a rise into the 5-6p.
Well you speculated 5-6p, and in out of hours trading it's over 5p.
Wonder how many profit takers will pull it down ?
Games being played here. Share price static rise is being held back so CA can load up at a cheap price. Tomorrow will be interesting to see a rise into the 5-6p.
Does appear to that CA are gearing up for something, whether that be an offer once bonds are paid or for a buy into some of the wos acreage. With Brent near $90 and looking to hit $100 before the year is out, I’d expect some mergers or takeovers on the horizon across the sector. Potential buyers will want to see some encouraging progress on additional wells or a sidetrack imho. It’s exciting nonetheless
RB will obviously act in the best interest of CA shareholders, I don't expect he gives us much thought and why should he?
But luckily for us he is aligned with our view that the company was being adversely manipulated and thereby the share price dragged down to "pittance" levels.
I would personally thank RB for his efforts to date, a very large part of my pension is caught up in this which would be gone if not for RB's input, but not forgetting our fight back to a lesser extent. I just need to share price to triple from here and you'll catch me smiling again.
buying bonds back at 55c average would have halved the debt (i know all could not have been bought)
would have been the same mid Covid as selling our brent for silly money 70-80-90 dollars - ie. as if Covid wasn't occurring
that is how negligent it was not buying them back sooner
and we didn't do it 'cos would have peed off bondholders - it's truly mind blowingly kafka-esque
and bondholders then tried steal company on basis we wouldn't have full 230mill by July 22
$111 million peed against wall
with last offload cash still to be announced we are circa 70 mill shy of bond money - so say 50 mill shy when cash announced
meaning if old BoD had bought two thirds of bonds back at circa 55c & scam not tried, as of today bonds would have been fully paid and hur circa 60 mill free cash in bank + half next tanker load sitting in AM - and drilling, sidetracking or tieing back for more brent and more cash
or put another way even with no drilling - circa 170-180 mill free cash by July 22.
A big major will buy Hur, just to take the tax losses
Time to Fill your boots ..
It can’t get better..
As always dyor
Holding truckloads ..
GL
Great news from the CA RNS.
And a steady market response today, with a gradual climb.
Wonder if we may see 5p this week.
Good luck all investors.
Interesting will be where the accountability lays .
Chairman , CEO or Manipulation and Insider Trading from CB Holders .
Possibly the Guilty parties may want an Out of Court Settlement which could suit Shareholders .
The Alternative while setting an Example may not work for Shareholders short term . A Positive Financial Settlement that gives Hurricane Investors Quick compensation would probably be more Welcome .
Example Debt settlement at $76m by Year End .
Great post Sensey
Interesting to note will be :
Who made the Decision not to buy back Discounted CB's ?
Why ?
What instructions/ threats were given by 'The Ad hoc CB Holders Representative Group '?
Mr Wolfe will be a Great Asset to the Investigation i believe .
Excellent News .
In posting yesterday I expected CA to soon pull another rabbit from hat, I did not expect it quite so suddenly
I agree - outstanding RNS - if only for simple reason that everyone underestimates the impact & force of consolidating all the factual miasma swirling around into one succinct statement of unadorned facts. That RB is a wordsmith helps
Figures cited will be prudent & conservative - RB's habit. So can add a bit all round
110 mill peed against wall - 'cos buying bonds back would have 'upset' bondholders - minimally gross negligence!
production over 1000 bpd higher than BoD projection - still +10500 bpd - I can hear 1616 sobbing from here
40 mill excess cash in bank by bond repay date - i reckon add minimum another 20 mill
sitting on huge (transferable) tax benefits
company prospects transformed
terrific tuesday
CA believes HURRICANE'S PROSPECTS HAV BEEN TRANSFORMED........ that's to its own shareholders!! ... BRILLIANT
Over the last year, the Fund has increased its shareholding in Hurricane from 11.6 per cent to more than 27 per cent. 12 months ago, the price of Brent Crude was $37.50 a barrel. It is now $85 a barrel. With production now running at more than 3.5 million barrels per annum, the Fund believes that Hurricane's prospects have been transformed.
GLA
PS
Thanks for putting the Adfvn link up ....i missed the RNS this morning as VOX didn't show it !!
Always good to share
HURRICANE's PROSPECTS TRANSFORMED...... how good does that sound from CA? ....BRILLIANT
Over the last year, the Fund has increased its shareholding in Hurricane from 11.6 per cent to more than 27 per cent. 12 months ago, the price of Brent Crude was $37.50 a barrel. It is now $85 a barrel. With production now running at more than 3.5 million barrels per annum, the Fund believes that Hurricane's prospects have been transformed.
GLA
An Absolutely Outstanding RNS update by CA today on HUR, time to top up here me thinks, HUR MCap is clearly way undervalued/oversold at the moment, particularly with Brent at $86 and rising, DYOR.
https://www.lse.co.uk/rns/CRS/net-asset-values-d9j15rciwe2ach7.html