Member Info for Albie

So what "future development" is that then without drilling permission? If we can't get drilling permission how can anyone else?

So given that our BOD say:

"It was disappointing that despite the enormous efforts of our team, and extensive interactions over many months, we could not get the required comfort from the regulatory authorities to invest in additional production from Lancaster."

If we can't get permission to drill on Lancaster why:

1/ Would any one want to take us over because I assume the new owners won't get permission either.

2/ What are they actually buying HUR for (current production and tax credits aside)?

This almost feels like the Bond Holder situation again in reverse. Namely we're being flogged off cheaply only for the new owners to miraculous get drilling permission.

What am I missing here?

"The Formal Sale Process announced by the Company on 2 November 2022 is progressing, with multiple expressions of interest received from credible counterparties. The Company will provide further updates in due course."

Question: How have we received "multiple expressions of interest" in our Lancaster acreage, when the incumbent company (HUR) cannot clear drilling permission from the regulator for a new well?

Question: How will the take over candidate be able to to get drilling permission? After all, if they (HUR) can't then why buy HUR on acreage they cannot drill?

We had the 'Bond owner' give away sale of the century stopped in the court the Judge acted in shareholders interest.

Are we not seeing the same process in action again here? This time however the sale of the century has CA's blessing because they want out due to their Fund's circumstances?

I've said it many times in posts, the P6 well isn't the only major oil producing fracture on our Lancaster acreage and "multiple expressions of interest" prove it again to me.

Sorry I smell a rat here in the interests of small shareholders !

My rather sceptical thoughts are:

1/ Very convenient that HUR management had a regulator issue given the UK Governments recent position on North sea O&G production on our proposed next well.

2/ CA want out and at a profit, so are they acting for themselves or the greater shareholder good here.

3/ I can see a slightly raised but still low ball offer being made and accepted by the BOD/CA.

4/ Is the current Lancaster well the only prodigious producing fissure on the whole of the Lancaster field? Of course it isn't, that's why we may well be sold on the cheap.

"Hurricane’s previous run-in with the regulator was put down to the last management team, it seems that the current team make them look like diplomats and it is quite astonishing that in a hostile environment with the NSTA can continue when Government departments are trying to get companies like Hurricane to up their production."

[UK’s offshore regulator, the North Sea Transition Authority (“NSTA”)]

I simply cannot believe / accept that the 6/7 wells on Lancaster are the only fissures capable of producing vast quantities of oil in an area the size of Lancaster.

Give Trice his due, he delivered on planning, procurement and vision.

We need a man in charge who is 70 Trice and 30% a-n-other unless Maris can prove himself a man of vision and capable of delivery (which I doubt).

HUR feels like a company becalmed in the at times raging waters WoS of all places.

What a mess!

Jeez, can't they add a few upbeat words into the RNS like 'we are delighted to report' or 'another strong uplift' or 'market conditions remain and look like to remain in HUR's favour' or 'the well is continues producing above expectation' etc, etc.

HUR RNS's are about as dour as it's possible to write and a little imagination added into RNS's would be very beneficial.

"I’ve said it before and I will say it again, there is value in them there rocks and this CPR and indeed production guidance makes me think that Hurricane is worth much more than the market thinks at the moment…"

I'm still so grateful the Bond Holders didn't the lot for peanuts, how close to absolute disaster was that!

Boris was just asked if the UK should consider Fracking as a means of proving our own Oil and Gas and he said we should certainly look into using our own hydrocarbons as an interim to creating a green economy (my interpretation of what was said).

This would be good news for HUR and UK Oil and Gas.

Just a tragedy its come about with today's events in Ukraine.

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.......!

"The Fund believes that an investigation should determine grounds for redress and recoverability of this amount."

So do I, go for it asap!

Interesting little comment in today's RNS:

" The Company continues to engage with the Joint Venture, and OGA, on the most appropriate time frames for future GWA activities"

What future activities could these be then he mused?

"my understanding being that an AIM listed company needs to fill a vacant CEO and/or CFO position within 30 days of such posts becoming vacant, in order to continue being listed. Perhaps others can clarify?"

That's my understanding too - Remaining BOD needs play ball and tow the line and so far as I see it that's not happening, however nobody is irreplaceable!

You didn't give me a gold star for my email........ Just saying like;-)

Being serious for a minute, I'm fuming at the phrasing used in the last RNS, absolutely no need for it and show the Leopard hasn't changed its spots to my mind.

Same reply received from Neds - Sp down 10% due to unnecessarily negative worded RNS, that has got to change!

Yes, well done Senseman a much needed and good line of enquiry to take.

Email sent by me too.

I'm not posting at all at present (this one excluded) due to personal family reasons but I still read others when I can.

In my email, I also highlighted the vast divergence in the RPS and ERCE CPS's resource estimates, the later seeming to tie in with managements give away to Bond Holders.

Also, I'm still not happy with the negative slant on yesterdays RNS and the unnecessary damage that caused us.

Anyway, I'm still holding albeit thousand down good luck to all.

"Never say never, I will be back next week when the share price has retreated to 2p."

Not on my screen you won't, eurofil - FILTERED.

News needed about the ship to steady the ship.

AM contract must be top or near top priority for re-negotiation .

"Is there any particular reason why the share price has been falling down so much in the last few days ?"

Yes, I bought some more at 4p the other day!