RE: Wells spudded24 Sep 2019 20:31
Results ending June 2019 for CA
The Fund is a longstanding supporter of Hurricane, having funded its exploration efforts since 2013 and its production strategy since 2016, when the EPS’s long lead items were first purchased. Over the last year, Hurricane has developed in size and complexity and continued to perform well. Over the period, the Fund reduced its opening position by 22% as it took profits of £17.9 million and exercised its warrants over 23.3 million shares. Despite banking total profits of £41.8 million on Hurricane, the year-end carrying value includes an unrealised profit of £28.0 million.
They have done well being brave enough to invest in Hur. early on.
Be nice to know what their present strategy is :-)
GLA