Member Info for Braines

PRD retain the right to use up to US $100 MM of tax losses accrued primarily from recent mergers... on page 5

Absolutely spot on Onetimepost! The shrewd may well take out their initial investment and keep a free ride to what may turn out to be one of the best long term investments!

From an AI platform

Legal Considerations for DCU Holders Regarding the Lancaster Well

DCU holders contemplating legal action to reclaim the Lancaster well should consider several important factors before proceeding.

Potential Legal Grounds

Ownership Rights: If DCU holders can establish that they have a legitimate claim to the Lancaster well based on ownership or contractual agreements, this could form a strong basis for legal action.

Breach of Contract: If there was a contractual obligation that was violated when the well was transferred from Hurricane shareholders, this could be a valid reason to pursue a lawsuit.

Fraud or Misrepresentation: If the transfer of the well involved deceitful practices, DCU holders might have grounds for a fraud claim.

Pros and Cons of Legal Action

Pros Cons

Potential to reclaim ownership of the well Legal costs can be significant

Opportunity to set a precedent for future claims Lengthy legal process may delay resolution

Possible compensation for losses incurred Uncertainty of the outcome in court

Next Steps

Consult Legal Experts: Engaging with a lawyer who specializes in oil and gas law or corporate disputes can provide clarity on the viability of a lawsuit.

Gather Evidence: Collecting documentation related to ownership, contracts, and communications regarding the well will be crucial for any legal proceedings.

Consider Alternative Dispute Resolution: Before going to court, exploring mediation or arbitration might be a more cost-effective and quicker resolution.

Legal action can be complex and costly, so weighing the potential benefits against the risks and expenses is essential. What specific concerns do you have about this situation?

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@asimpleinvestor @Broomtree
Looking forward to reading you contributions on Thursday.

He does indeed! Economic crime and transparency bill being mulled over in House of Lords atm. I have my fingers crossed court hearing judge will put the brakes on this ludicrous deal and will request all slack messaging between BOD and PRAX. To be continued..

Not sure how many have reddit but may be useful hub for structuring our appeal.
https://www.reddit.com/r/HurricaneEnergyHUR/comments/12mcrz8/httpswwwenyolawcomposts175challengingschemesofarra/

It would be interesting to learn if the board have read the current Economic Crime and Corporate Transparency Bill which is in the committee stage at the House of Lords at the moment.

I would guess Daniel Janke is the link via Viaro whom bought out Rockrose

Even more interesting is the contact email address for Rockrose under "Offices"
https://www.sra.org.uk/consumers/register/organisation/?sraNumber=562641#headingPracticePeople

Interesting to see Hurricanes ex Legal Counsel now works at Rockrose!
https://www.sra.org.uk/consumers/register/organisation/?sraNumber=562641#headingPracticePeople

We should not rule out that potentially CA where part of the whole scam plan from the get go! You only need a brief understanding of the complexities of hostile takeovers to come to that conclusion. When did CA start buying shares? Fortunately with the newly introduced financial crime bill and an alerted fraud office it will be interesting to see what unfolds.

Hurricane and Predator Oil and Gas. ALL DAY LONG! Call it whatever you want but its not ramping when its staring you in the face.
https://www.reddit.com/r/PredatorOilandGasPRD/

Hold for gold folks! Ignore the noise.

If anyone is interested in adding relevant info and their research to the reddit page or keen to be moderator please feel free to message.
https://i.redd.it/lrtl0pjjeei81.png
https://www.reddit.com/r/HurricaneEnergyHUR/comments/su2m6b/httpswwwogauthoritycoukmedia7968eipph3finalpublica/

Just questions. I know which one I want to see be asked at the AGM.
a) Are our adhoc Bondholders the UK Government/Bank of England/Centrica? and in the interest of securing UK national energy security they want to control HUR and its prolific assets. Either directly or eventually via Spirit Energy.

b) Have CRS in fact been the Wolves guarding the coupe all along. Mr Justice rules against the proposed "Plan" , CRS becomes our saviour, which gives carte blanche faith to shareholders that they have our interest at heart. Declaring yourself as an activist fund would surely draw you into companies that you know have a "Plan". The fact CRS have been invested so early in HUR actually poses more questions. How early is too early?

c) Where HUR targeted for takeover in 2020 and in a desperate attempt to defend against it they opted for an unethical suicide defence move that would see founder and brains of the operation Dr Trice agree to leave the company and the assets downplayed with a new falsified CPR.

d) How many requests did the Serious Fraud Office receive in connection to Hurricane Energy?

I suspect "A controlled wind down.." of Maris and Chaffe's responsibilities is what most are wanting to see.

Would be great to attract honest and driven chaps of similar calibre to A Austin, P Griffiths or C Akers to the board. They would quickly get rid of the deadwood at HUR and remind the remaining what working for a public limited company is all about.
Does anyone want to be a moderator on reddit page. https://www.reddit.com/r/HurricaneEnergyHUR/

@NGR1616 It may well go private but the first attempt to go private and into bondholders hands did not go exactly as planned. I can't see it myself unless of course CRS and HUR had talks of a takeover years ago, in which case their plan is coming along nicely and would explain the "no further action" comment.
CRS did save the day but they would need to rid of everyone complicit in the scam to that are still employed. The remuneration committee should in the process of finalising some vouchers and clubcards for MARIS + CHAFFE departure!!
Does anyone else keep an eye out on deffered prosecution agreements?
https://www.simmons-simmons.com/en/publications/ck0a1enh36awc0b94oi3o7sab/191017-deferred-prosecution-agreement-tracker in the hope
"The first and worst of all frauds is to cheat oneself" Hold for gold folks!!

SPIRIT ENERGY LIMITED Company number 10854461 to Spirit Energy Resources Limited Company number 02855151 to SPIRIT ENERGY WOS LIMITED Company number 11485916 to ??

Senior Legal Counsel at Hurricane Rachel E Hedley

https://www.sra.org.uk/consumers/register/organisation/?sraNumber=562641#headingPracticePeople