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As good an indication of the likely outcome as you might hope to find. “I think we’ll come to an agreement that satisfies most importantly the market,” Khalid Al-Falih told reporters in Moscow on Thursday, when asked about the outcome of the meeting between the Organization of Petroleum Exporting Countries and its allies in Vienna next week. “I think it will be a reasonable and moderate agreement” but nothing “outlandish,” he said. Full article attached below. http://trib.al/gEBYMHl GLA.

Crude -4.143MM, Exp. -1.246MM Gasoline -2.271MM Distillate -2.101MM Cushing -687K Production +100kb/d to 10.9MMb/d Imports -247kb/d

For anyone who is interested in decent articles on the oil and gas industry, price trends, hedge fund positions etc you can do a lot worse than subscribe to John Kemp at Reuters. John is an independent Senior Market Analyst and he provides a daily email that contains links to all the best articles on the O&G industry gleaned from the likes of the FT, Reuters, Bloomberg, Wall Street Journal etc and he also includes articles he has written himself. The reason I have highlighted this is that his articles are hugely well informed and come with no agenda (hidden or otherwise) which is a refreshing change to most of the regurgitated garbage out there. Just email him at john.kemp@thomsonreuters.com and he will include you on his mailing list. Apologies to all of those who are no doubt well aware of JK already. GLA.

Ricfle, "RB due to his greed, was caught with his nuts in the mincer after last years fund raise" On that we agree 100% Nicely put. CA didn't buy on the dip down to 24p so don't expect them to be buyers at any stage in the future. CA still massively overexposed. GLA.

http://otp.tools.investis.com/clients/uk/hurricane_energy1/rns/regulatory-story.aspx?cid=773&newsid=1015264 I've used the latest TR-1 (16th May) as that's the official notice of any change in the shareholding of a significant investor. Either way, the two figures are not dissimilar and I think we at least agree that CA will continue to derisk their investment and offload shares along the way, by selling into any rise. There has been a lot of discussion about the CBHs keeping a lid on the SP, but to my mind, CA are the only ones doing that. GLA.

Crystal Amber have 135M HUR shares and 23.3M warrants. Fully expect CA to derisk and dispose of large chunks of shares every time the SP hits new trading ranges. GLA.

http://www.edisoninvestmentresearch.com/research/report/hurricane-energy767094/full GLA.

Hi adoubleuk, You say "Hurricane Energy (as a company) is not for sale" I'm afraid I have to totally disagree with you on that one. HUR as a whole entity is most certainly for sale should the right offer be forthcoming. It could well be that the acreage/assets are sold off as they are proven up and fully appraised, but make no mistake, a good offer along the way would secure the company. GLA.

ZenMerlin. On the money with your OPEC prediction. Like your sensible, well reasoned posts. What are you doing on here ?? GLA.

OK. Let's put this one to bed once and for all. I'm only bothering to do this as there was no sensitive information exchanged and having an idiot on here suggesting there was is not on. I spoke to RK and basically asked him what the company might be worth once some more appraisal/exploration drilling had been conducted, as per the plan RT had outlined to us all in the AGM. Namely, "to prove up the maximum number of barrels as quickly as possible". I threw in the figure of �10B and RK said words to the effect of, well if you allow for $5-10 a barrel then that's covered that. No more, no less. I was just pleasantly surprised that he didn't say, �10B that's a bit on the steep side or something like that. Ricfle, may I politely suggest that for somebody that seems to spend his life posting on here, that you take the trouble to attend the AGM yourself next year. You wont be "superior" to others that don't attend but you will undoubtably come away with a better "feel" for where the company is heading and will have gained a level of trust in the BOD that is impossible to have without having spoken to them face to face. I hope that matter is now closed. GLA.

It was me that asked AS if there were any offers made with regard to a FO deal last year. It was right at the very end and there were just four of us and AS left and everybody else had gone. What I actually asked was whether or not a low ball offer had been made on the basis HUR wouldn't secure any financing and what AS said was, why make a low ball offer when you think there's a very good chance that HUR will fail to secure financing for the EPS and you can pick up the company for peanuts (or words to that effect). I don't think a lot of people realise what a great deal (given the circumstances) the BOD pulled off last year. I remember all the negative comment on here and at the time remember thinking that they had basically saved the company. In fact, it was mentioned in the presentation that this was by far the largest ever AIM E&P placing. In answer to the question about the company valuation conversation with Roy Kelly, I do not wish to expand any further because we were talking very general ball park figures without defining the exact circumstances, except a general acknowledgement to it being a valuation based on having appraised HUR's assets. I'm just not comfortable to put a figure on here. I don't think anybody would have been disappointed mind. All I would say is, if you can spare the time, then get yourself along to these AGMs and you will have the opportunity to learn an awful lot and ask whatever you want to ask. GLA.

I spoke to Steven McTiernan after the AGM and was very impressed with his quiet, confident style and his background with Tullow, in particular, should serve us well. From the HUR website. "Steven has over 45 years of oil and gas industry and investment banking experience. He was a non-executive director of Tullow Oil plc for eleven years until December 2012, and served as its Senior Independent Director. His oil and gas industry experience includes roles at Iraq Petroleum, Amoco, BP and Mesa, and his banking experience includes senior roles leading energy teams at the Chase Manhattan Bank, NatWest Markets and CIBC. He has served as an independent director at First Quantum Minerals Ltd and Songa Offshore SE and is currently Chairman of Kenmare Resources. He holds an MA in Natural Sciences from the University of Cambridge. Steven joined the Board in 2018 and is Chairman of the Nominations Committee." GLA.

Will use the cashflow to fund further appraisal/exploration drilling. Will not drill Lancaster as do not want to upset EPS data. GWA and Halifax would be the likely targets with GWA a good bet for an easy 2C upgrade. The plan is to simply prove up the �maximum number of barrels as quickly as possible� from their own cash flow. RT said �HUR wish to be self sufficient in derisking their portfolio� HUR do NOT intend to become an oil major. FTSE250: Chairman said that HUR would complete EPS then go for a premium listing. I spoke to SM after the AGM. Very impressive chap. A large majority of the AM crew are previous crew members. Key point. AM maximum flare capacity is just under the UK regulations and HUR can produce at 30k bopd with no problems. Can increase capacity of AM with upgrades. 260 work force at Lancaster including all the support vessels etc James Huddlestone was present. For those that don�t know he was the guy that backed RT at the very beginning with �20M of his own money. He briefly addressed the board and not surprisingly, received a rather large round of applause. Top man. Finally, this was my 3rd AGM and I came away 100% happy and looking forward to a great return on my investment. GLA.

HUR AGM 6th June 2018. Quite a crowd there and about 10 of us went to The Goat Tavern afterwards for a few beers and to compare notes. Really great to finally meet you all. I believe SIPP is going to publish a photo taken outside the pub. IJWT has already done a great job of covering the content of the actual AGM itself. Very accurate, so he either recorded it or has great note taking skills. I�ve just tried to add some flavour to it all from actual conversations with BOD members after the AGM and to reinforce the key points from the AGM itself. HUR are still pushing the official line of H1 2019 for FOIL (but with wry smiles firmly affixed). However, RT did quantify it a bit more in his formal presentation by stating �the front end of 2019�. I asked NP in the Q&A session about the weather and hooking up the buoy in the winter months. Only actually need one day of good weather to do it. So, I asked him how long from buoy hook up to FOIL but would not be drawn on this. I think he felt it was giving too much away regarding the FOIL date as normally it would be reasonable to expect an answer. The commissioning work following hook up is not as influenced by the weather as the actual hook up itself, so once we get the hook up date, all bets are off. As a comparison, PMO�s BW Catcher arrived on station on the 18th October 2017, hooked up on the 19th and had performed a full turret rotation test on the 20th. FOIL followed just over 9 weeks later on the 23rd December. The PMO subsea system consisted of 12 wells and was a much more complex arrangement. The caveat is the weather but NP didn�t seem to think that finding an odd day in November (for example) would be a problem despite the rough conditions WOS. All of the investors I met on the day think there is a very real chance we will get FOIL in late 2018. I really can�t see it being any later than January 2019 and they are using this date for cash flow forecast figures in the AGM presentation. The BOD just can�t say it officially and have to adopt a conservative approach. After FOIL HUR will take 6 months to slowly ramp up to 18k bopd (net). Getting all the data is the real priority here. Cash flow is a close second ! It will be 6-12 month after FOIL before any serious discussions with an interested parties take place. At that stage, the BOD are under no pressure or obligation to accept a below par deal. It is also quite likely that assets will be disposed of in �a series of transactions�. I spoke to Roy Kelly (Kerogen) after the AGM. Believe me, Kerogen are in for the long haul. Discussed future valuation of company. Huge. Blew me away actually. I can�t quote here as not appropriate. HUR are not going to be taken out on the cheap. As shareholders, we took the pain last year and are now in a rather envious position going forward. RT is extremely confidant in the EPS. It could produce 20k bopd per wel

Fair point Genghis.....

Look forward to meeting you all in The Goat Tavern after the AGM. May well be one of the last there, as I always like to spend as much time as I can chatting to the BOD after the meeting. BD.

Happy with The Goat. Can you post a link as there are a two in the area. Cheers, BD.

Hi IJWT, Not to my knowledge. Happy with any venue you chaps choose. Just as a suggestion, The Barley Mow pub is only a short walk away (link attached). http://www.greeneking-pubs.co.uk/pubs/greater-london/barley-mow/ BD.

Hi Genghis, IJWT, chessman etc Just wondered where you chaps were going to meet up for a beer after the AGM. ATB BD

PMO had a substancial CB situation and here is an example of the RNS that needs to be released when any of the CBHs choose to convert to equity. HUR will have to do the same, so we WILL know when this happens. Another option is for HUR to state upfront that they will update the on a monthly basis at the end of each month but they have not stated this to date, so for the time being separate RNS announcements is the way forward. Without going into any detail, totally agree with Genghis that it is very unlikely that there will be any meaningful conversions to equity at this stage. http://otp.investis.com/clients/uk/premiere_oil/rns/regulatory-story.aspx?cid=1168&newsid=897880 GLA.