Member Info for cashking

Fierce I Couldn’t Find It On Their Website ! Usually There’s A List Of Directors Holdings !

Let’s See @ The End Of The Week ! % Rise Or Fall ! Here And There !

Hi Fierce ! Not Easy To Find An Up To Date Share Register ! Is There Any Out There ?

Time For The Directors To Start Buying A Wedge ! Maybe The Aussies Will Climb On Board Seeing The Directors Aligning With Shareholders ! Rather Than Pocketing Fat Salaries, Options , And Bonus Directorships !

From This !

Consequently, the Company believes there is a risk of a material downgrade ! Which There Was !
To This !
. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio.
Looking Forward To The Updated Reserves ! And Hopefully An Increase In Brent !

What Have They Seen ? Maybe Something To Do With The Last Post !

"Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."

Hurricane recently appointed ERC Equipoise Limited as its Independent Competent Person and reserves auditor. A Competent Person's Report covering the Company's West of Shetland assets is still on track for completion by the end of the first quarter in 2021, at which time updated estimates of Lancaster reserves and resources will be available, together with updated resources estimates for the Company's other assets.

A Venture Builder model benefits from a leaner management team and has a low cost base with its core focus on technology development where the various businesses are privately funded. The Company recently announced having secured short term funding to provide sufficient runway to the end of the second quarter of 2021. A leaner model may, in all likelihood, extend that runway substantially beyond the second quarter of 2021, especially as by this time it is anticipated that Venture Builder will be contributing to the bottom line. The recent conditional funding of USD 5 million that was previously announced will be for the progression of the BigDish platform once conditions precedent are met. This will ensure that the ongoing development of the BigDish business will effectively be privately funded. The Company will also consider a change of name as the Venture Builder model progresses.

All resolutions were duly passed.

Business Update

Further to the announcement on 16 November 2020, the Company is progressing with the Venture Builder model. The Company is strategizing to create a new listed entity from the Venture Builder model and expects to update the market in January.

In addition, the Company has been making progress on a new business opportunity in the wider food sector that could become a substantial opportunity for the Company. The Company is in advanced discussions with prospective partners and will update the market in January.

Should both of these opportunities come to fruition, it would set the course for an exciting 2021 for the Company and its shareholders.

Significant Value In The Assets ! Keep Pumping Pay The Bond Holders Off With Free Cash And 2021 Oil Revenue Surplus —— Engage With Other Finance Houses —— Start A Fresh !

Agree Some Are Good ! Some Not So Good ! Even After Voluntary Suspension ! I Think You Can Be Suspended For 6 Months Before Actions Possibly Taken ! The Company Really Needs To Keep Shareholders Informed Whilst In Suspension , Not Deadly Silence Like Others I’ve Seen (Srsp ) ( Czn)

Anyone Got Data On How Many Companies Come Out Of Suspension ? ( On A % Rate )

Ricardo What Was The Price Of The Huge Sale ?

300 Grand Sold ——100 Grand Bought ! Usually Sp Would Tank ! Someone’s Collecting IMO !

Had A Buy Order In @ 2.5p ! Not At All Interested In Executing It ! Just Rejected !

Next 2 to 3 Weeks It Is Then !

Hammering Out A Bottom !

"Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."

Exactly GroundHog ! What Have They Seen !

Market Outlook With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls