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39 EMAILS SENT BY 11.56 (LSE + ADVFN) - please KEEP EMAILING
Be nice to 50 by 12.30 deadline
Will bump up orig post again - apology if tedious
Saw on advfn you were counting numbers Senseman forgot to put email sent on post thanking you.
Email sent at 1150
Thanks Sense - will be at the AGM
Sent 11:44 am. Thanks to all who participated in collating the questions and big thanks to senseman
gla
Sent, thanks for the work @senseman
sent
Really good set of Questions, but I'm sure the first one will not be addressed as to the BOD they have closed this issue out.
You know what my main frustration is with the HUR board? It's the fact that they don't talk to shareholders except once per year. You will need to remind me when they last had an Investor Presentation/Update call. So, the AGM is the biggy. Wish I was going TBH - good luck all !
Sent
Sent
Email sent (with the full backing of my 868400 shares).
Ceb0-4560
Your comment are extremely valid, but as you do point out some of the questions may get the BOD thinking, perhaps some of them didn't realise that they were not fully appreciated by SH's.
message sent 11:07
keep the faith it will all come good
Message sent 11.00 am
Thank you senseman.
Many thanks Senseman for all your hard work in rallying the troops and producing this list of extremely pertinent questions. I just wish that we had the opportunity to elect you onto HUR's board...!
My email to HUR's Comms just sent.
Thank you once again.
Most of those questions can only be answered by issuing an RNS before the AGM - the one regarding having "skin in the game" will most likely get a response along the lines of - we cannot comment on individual board members private share dealings etc.
I also doubt that the Company will or can divulge any details of any forward "plan" or M&A related details before the government divulg the finer details in how much and in what circumstances the WF-tax can be off-set.
To the chap asking how CA will play this - IMO, CA will do exactly the same as the rest of us - look to make as much money as possible for ourselves - they do not owe PI's anything in fact it may be argued that without RB, Hur would be in the hands of the Bond holders already - that said, if you drop RB a polite e-mail, he does ussually respond.
Some good questions which may get the BoD thinking, and may prompt an pre-AGM RNS, if not then don't hold your breath about getting answers to the majority of them.
Email sent to Hur comms, thank you senseman
emailed to comms@hurricaneenergy.com
Big thank you to senseman !
22 is score so far - 22 - KEEP EMAILING & POST WHEN HAVE. Need 30 minimum by 12.30pm. 40 would be ever better
15 from LSE. 7 from ADVFN (posted there also). It's 10.30 so 2hrs to deadline
Tiger - no matter who boosts it back to top, long as someone does. forum always best with teamwork
flynchy - sorry, forgot to include poss income from gas, too tired & stupid. meant to
Thank you very much Senseman, your time and effort massively appreciated...
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
Done and received and automatic response. Only addition I made was adding how long I'd been a sharerholder in the last line . (2017)
Thanks Senseman for all your efforts on my behalf, appreciated
Thanks Sense, E mail sent, it may worth copying the email with the 10 questions again so it remains present on the message board amongst all the thanks posts. I didn't want to do it as the good work has come from yourself.
E mail sent. Thanks Sense
Excellent work Senseman thank you very much. At the back of my tiny mind there is a but....which I am going to ask even if it makes me look a plonker here on the board.
Crystal Amber own 28% of HUR and I would like to know what they are plotting as an end game? Have we become a bit distracted by hitting questions at Maris (a weasel imo) rather than ensuring the small investors do not get screwed by the next play? My experience at CNE over the past 18 months a case study in disappointment.