Member Info for adoubleuk

Writing late again (as usual). Mr Toad, "Having now been through my 8 pages of notes and compared them to Hurricane's AGM presentation, I can confirm that anyone who missed the AGM can read the speaker notes and slides and get a word by word replay. " Thanks to you and everyone else who has given feedback from the AGM. As mentioned yesterday I 'grabbed' the presentation with speaker notes as soon as it emerged, and was probably reading it real-time as the rest of you were watching and listening to it. Of course what I didn't get was Q&A, meeting people face to face, and the jolly at The Goat afterwards. But the whole thing (presentation, feedback read here) just goes to confirm all the positve and confident thoughts I have about Hurricane. And its PI shareholders who were able to make the trip and report back, as well!

All, "Chessman, IJWT, biffa, wessexmario, SIPP, extrader, and others made for a very interesting day." I really regret that myself and Missdosh couldn't have been there as well! (I hope she'll forgive me for speaking on her behalf like that.) She was on the high seas (and playing poker), I was preparing my stuff for a for a truck-race this weekend, but also playing poker on the internet. And won for a change. Maybe next year....

"Having had a conversation with Biffadog yesterday, he made it clear that the Kerogen board member DID NOT mention any specific numbers, we all know that would be unprofessional." (Quote Mr Toad) I wasn't at the AGM. So obviously not privvy to any conversations. But so what if John Kelly might have said to Biffadog the company would be worth billions? We've known that and heard it from other mouths for ages. Does the actual figure matter?

Mr Toad, Thanks for the reply "He didn't have issue with this, what he did have issue with was a few folks who use information from their day job inappropriately and potentially unhelpfully .... essentially publishing information that they should be keeping confidential." In that I feel AS (and the company) are quite justified, because the industry is one where professional confidentiality is a watchword, and in many cases a contractual obligation. However gossip from the street is another thing altogether! I certainly hope nobody puts their livlihood on the line by what they post here.

'Imprudent'? I meant prudent.

Ricfle, "Clearly a director of Kerogen and Hurricane gave a PI, conferential valuation information, at an AGM where all information is required to be in the public domain. You would have thought he would have known better!" Still the old sourpuss, aren't you? Maybe you should have gone to the AGM yourself. If Biffadog thinks it imprudent to keep certain conversations to himself, that's his prerogative. IMHO.

I'm interested to see people saying that AS was still somewhat on the defensive regarding funding details. Things like the 'warrents issue' are surely water long since under the bridge? I hope nobody was still giving him a hard time about that. As regards being annoyed about 'shipwatching' and stuff like that, well he can't really ask all the vessels to turn off their AIS beacons, can he? I can understand his annoyance if there were any actual 'leaks' from people on the rig about drilling operations, but I don't think that's happened since very early on Lancaster 7, and the person involved seemingly desisted due to advice from people here that he was risking his job. But the CFO shouldn't be surprised if shareholders use all their means, rumour, and Aberdeen scuttlebutt to keep track as best they can as to what's happening. And it's not as though anyone's sitting at the heliport offering wads of used fivers to anyone who has beans to spill. Or at least, not to my knowledge! I think that instead he and the rest of the BoD should feel flattered that people are so interested in the operations.

I agree (with the header). Many thanks.

Wellwell, "Alternatively he�s happy with the direction the HUR board are taking" Or maybe there's a further alternative, that being he knew he himself might be asked a number of possibly awkward questions by the PI's present...

I note that in the number of posts here about the AGM (thanks, guys!), nobody's mentionded the new chairman. Any particular impressions?

pijoe, Cryptic comments like that are TTF's territory (where is he?), not yours. Nobody wants pies from above, 'cos they might be porkies. And as for Manna? Forget it. We might be out in the desert still, but Heading West in covered wagons, and with provisions, not in robes and flip-flops with a few goats in tow... If we're praying for anything it's NO RAIN! (Watch the Woodstock movie again)

JacDaniels, "I like that any future drilling is to be paid for out of future income." Yup, me (and probably a lot of others) too. Reading the presentation (I wasn't actually there) gave me the impression that the CEO was in fact answering a lot of questions the like of which have been seen here and on other BB's! Before Q&A time...

I'd like to add my thanks to those attendees who've posted feedback. Shortly after 11:00 (UK) I went to the company website to see if the presentation was there, but it wasn't. However, very shortly afterwards, logged back in here and saw the RNS, so downloaded the presentation (with speaker notes) ond was reading it probably very much 'real time' with the meeting. I found the wording of the new Chairman's address very well thought out and expressed, full of confidence but not over-dramatic. Did his actual delivery mirror that? If one particular thing really struck me in the entire thing is the way the company has stressed (to the extent of using uppercase) that it has no desire nor ambition to evolve into a Major oil-producing company. Anyone who's had their finger on the pulse for any length of time knows that already, of course. Doesn't mean the SP might not be worth a few quid in the not-too-distant future, though! All good stuff.

Wellwell, " No need now for Malcy or Vox or TipTV etc!" Once again, I think I agree with you on that. Equally the 'pundits' seem to keep putting their foots in their mouths through their (quite understandable) urge for caution (which is neccessary regarding O&G) being expressed exceedingly badly by repeating unfounded 'technical' rumours which the company has already addressed, mitigated the risk, and has explained as such time and time again. I think that as long as the company maintains a good operational newsflow through RNS, they'll see no need for keeping the freeloaders hanging on.

Ricfle, "The flare stack has already had the top section removed for the the transit through Suez last August. The question is will it be replaced?" Now back home (at computer rather than using phone) and have done a bit of backtrack research. Just for you, old chum! Of course, the answer to your question is of course it will be replaced. It's a necessity. Part of the kit. So a secondary implicit question is where, and when? But firstly, I wanted to answer a couple of questions in my own head, hence the 'backtracking', and just to be sure. The upper part of the flarestack was still in situ at Gdansk. It comprises 'latticework' about 40 ft long, and of course the burner itself. But it wasn't there when the vessel reached Rotterdam on the southbound leg, for fitment of the turret protection plate. So where was it? Maybe it could have been lashed somewhere topside for the journey, though that would be an engineering kludge anyway, because the framing above the production train surely wasn't built to be load-bearing. But had to check. Went back and found some photos of the boat under tow, going under the Korsor Bridge (Denmark). Nope, the top of the flarestack wasn't lashed on top. My guess is that it was transported to Rotterdam separately, most likely simply on the back of a supply boat, for refurb (and maybe fitment of a completely new burner), ready for FPSO's return and removal of the turret plate. Assuming that's where it will be done, of course. It could be elsewhere, of course, but Rotterdam makes sense.

Ricfle, Yes. Presumably Rotterdam, same time as removal of the turrt protection plate. Maybe ten days' work.

Arbitrader, "No commercial discussions expected before 6-12 months steady state production." Yes, but a re-iteration of the 'position of strength' argument and that 'unfavourable' offers won't be considered. Which makes eminent sense to me, personally. (Though by 'commercial discussions' I take that to mean those of a formal kind. I'd be willing to bet that the two Bobs (Trice and Dudley) are on first-name terms.)

Just reached page 20 of the presentation and Dr T's comments. "The buoy is now on its way to the UK - the shipwatchers amongst you will know that it is currently in the Mediterranian." Oh, that's lovely! 'Shipwatchers'! Official recognition at last, using the term coined by the shipwatchers themselves and without the epithet 'lunatics'. That's made my day.

SG2, " Wish the website 'add to cart' would work...." Worked OK for me!

Boyzee, ' I think pi.s think TA is black and white.' This one doesn't! Though I read your and others' similar stuff with interest, even if I may not understand most of it! Being a person who likes continuing to learn new stuff despite my advanced years, I often go to google to find definitions when I don't understand something. And this has often been the case regarding 'financial TA'. However, there's something I still don't quite grasp when you apply the word 'overbought' to Hurricane. I understand the term when applied to a company already in production, be it of oil or frozen pizza. A formula one can apply to the SP versus Mcap, expected revenue and profit, and so on. But HUR doesn't fit that bill yet. And I'm also slightly sceptical about TA as a forward-looking thing at this stage of the company's progress, because it can't foresee a possible speculative 'madness factor' which can drive the SP sky-high (ridiculously so) at certain critical junctures, driven by FOMO. It applies especially to AIM O&G stocks, and one could cite many in which that has occured. Personally that's the kind of 'spike' I keep my eyes open for, and very much hope will happen, as a good trading opportunity. Just sitting tight for the moment, though.