Member Info for DifferentAngle

As the PoO continues on it’s bullish trends and likely even more as predicted by most analysts, HUR with it’s now rapidly increasing net-cash, should comfortably be able to repay/renew CBs before 24 July 2022 and still have cash/assets left that will IMO be worth north of ~16p+ a share at the very least, in the meantime, any additional positives achieved here by the new just in HUR BoD (with way different agenda than before) will likely add lot more value here than that for HUR going forward, DYOR.

CA have a clear plan, and hence are now buying in here big time, also, Brent is massively up so far and still fast rising for HUR to utilise it’s vast prolific WoS assets/licenses, huge tax credits, friendly fiscal environment, and most importantly, an executive management/BoD who actually want to work and for all stakeholders rather than the previous do nothing crooked CYA Ex-BoD who wished nothing but total HUR shareholder value destruction, ……so looking very good here ahead, DYOR.

As the PoO continues on it’s bullish trends and likely even more as predicted by most analysts, HUR with it’s now rapidly increasing net-cash, should comfortably be able to repay/renew CBs before 24 July 2022 and still have cash/assets left that will IMO be worth north of ~16p+ a share at the very least, in the meantime, any additional positives achieved here by the new just in HUR BoD (with way different agenda than before) will likely add lot more value here than that for HUR going forward, DYOR.

Highlighting here that finally, things are moving in the right direction for HUR post exit of these useless incompetent crooks, and btw, extremely enlightening article on HUR in The Times today.

“Commencement of a long steady rise back to double figures”

“With Brent at $76+ and fast rising, I fully agree, let's bring in new management here and also conduct a fresh new CPR independent of these deceitful crooked BoD.”

Fully concur with both statements here, and with new hopefully proactive, decent, and actually hardworking management/BoD in place (btw even a dummy would have been a better choice than these crooked useless bunch now gone), way undervalued/oversold HUR SP/MCap can only rally north from these crazy lowball levels along with many assets in place to efficiently utilise for all stakeholders!

Crystal Amber RNS Continued:

In relation to the current Executive Directors - Mr Maris and Mr Chaffe - whilst Crystal Amber continues to have serious concerns as to their suitability and performance, it was not seeking their removal at the general meeting scheduled for 5 July 2021. This was to ensure continuity with the proposed incoming Non-Executive Directors. Market participants would have seen from Hurricane's announcement of the result of the sanction hearing an assertion that in the event the Executive Directors were removed from the Board at the AGM today, the Company's Nominated Adviser was likely to resign with immediate effect. As a consequence, this would have resulted in the shares of the company being suspended from trading and, if a replacement Nominated Adviser was not in place within a period of one month, it would have resulted in the shares being de-listed from AIM.

In the circumstances, and following discussions between Crystal Amber and Hurricane, it was agreed that it was in the best interests of all stakeholders that the Executive Directors remain on the Board for the time being.

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: 01481 742 742

www.crystalamber.com

Crystal Amber RNS:

Hurricane Energy plc ("Hurricane") Board Changes and Withdrawing of General Meeting Requisition

Crystal Amber notes and welcomes this morning's announcement from Hurricane that its five non-executive directors have resigned with immediate effect and in their stead, directors nominated by Crystal Amber, Alan John Wright and David Craik have been appointed to its board, with Mr Wright installed as Interim Chairman. As a result, the general meeting scheduled for 5 July 2021 is no longer necessary and Crystal Amber has therefore withdrawn its requisition.

These board changes follow the judgment delivered on 28 June 2021 by Mr Justice Zacaroli in the High Court of Justice in which Hurricane's Restructuring Plan, that would have seen shareholders massively diluted, was not sanctioned after Crystal Amber strongly opposed it.

Mr Justice Zacaroli referred in his judgment to the continued profitable trading at Hurricane and the prospects of that continuing long into the future. In this regard, last week, Bluewater Energy Services B.V. (from whom Hurricane leases the FPSO - Floating Production Storage and Offloading - vessel) made contact directly with Crystal Amber in which it stated that it remains very keen to progress discussions and investigate solutions and proposals to extend the charter beyond June 2022.

Crystal Amber regards Lancaster as one of the most prolific production wells in the North Sea. Crystal Amber would refer market participants to Hurricane's Restructuring Business Plan Presentation dated 24 May 2021, which is available on the company's website. The presentation sets out Hurricane's long range forecast of production from its existing P6 Well. By February 2024, this is estimated to deliver 8.4 million barrels of oil. Based on the forward curve for oil prices, this would generate approximately $600 million of revenue. Based on historic margins, this would deliver operating cash flows of in excess of $250 million.

Crystal Amber is acutely aware that Bondholders are owed $230 million, repayable in July 2022. The most recently disclosed gross cash at Hurricane is approximately $190 million, with unrestricted cash of $145 million. Unrestricted cash is expected to further increase each month between now and next year. Crystal Amber looks forward to and expects the newly constituted board to focus on continuing to meet its obligations to its bondholders and repaying the bonds at maturity, so that the company can then fully capitalise on other opportunities within its portfolio.

Commencement of a long steady rise back to double figures here IMHO, please DYOR.

HUR Shareholders, please don't loose focus from voting and kindly register your votes with your respective brokers ASAP TODAY:

''AGAINST'' all 6 BoD proposed Resolutions on June 30 AGM
''FOR'' all 7 CA proposed Resolutions on July 05 EGM.

GLA

HUR shareholders are kindly Required to VOTE ON TWO upcoming GENERAL MEETINGS

URGENT……..
CRUCIAL WE ALL VOTE ASAP..

1. The shareholders need to Vote AGAINST all 6 HUR BoD Proposed Resolutions in HUR AGM (June 30)

2. The shareholders need to Vote FOR all 7 CA Proposed Resolutions in HUR EGM (July 05)

Please Call or Email your broker and request to vote ASAP THIS WEEK.

If you are with HL ..you can write your vote request in all your accounts by secure message icon once you login into your account..

HUR shareholders are kindly Required to VOTE ON TWO upcoming GENERAL MEETINGS

URGENT……..
CRUCIAL WE ALL VOTE ASAP..

1. The shareholders need to Vote AGAINST all 6 HUR BoD Proposed Resolutions in HUR AGM (June 30)

2. The shareholders need to Vote FOR all 7 CA Proposed Resolutions in HUR EGM (July 05)

Please Call or Email your broker and request to vote ASAP THIS WEEK.

If you are with HL ..you can write your vote request in all your accounts by secure message icon once you login into your account..

HUR shareholders are kindly Required to VOTE ON TWO upcoming GENERAL MEETINGS

URGENT……..
CRUCIAL WE ALL VOTE ASAP..

1. The shareholders need to Vote AGAINST all 6 HUR BoD Proposed Resolutions in HUR AGM (June 30)

2. The shareholders need to Vote FOR all 7 CA Proposed Resolutions in HUR EGM (July 05)

Please Call or Email your broker and request to vote ASAP THIS WEEK.

If you are with HL ..you can write your vote request in all your accounts by secure message icon once you login into your account..

URGENT……..
CRUCIAL WE ALL VOTE ASAP..

1. The shareholders need to VOTE AGAINST all Bod Resolutions in AGM(June 30)

2. The shareholders need to VOTE FOR all CA resolutions in EGM (July 5)

Please call or Email your broker and request to vote ASAP.
If you are with HL ..you can write your vote request in all your accounts by secure message icon once you login into your account..

“As always, when I see Shorters, paid de-rampers, BoD/Kerogen stooges (or those who are simply way too greedy here and are dreaming to buy in HUR at even cheaper prices)……………. , all suddenly popping up here 24/7, looking increasingly nervous with Brent prices/resulting company net cash now significantly on the up, and as obvious from their constant de-ramping BS even at these extreme and now purely BoD driven lowball valuations, I then realise for sure that this share is going to look absolutely outstanding post this incompetent, arrogant, and corrupt BoD’s inevitable departure, and then, even a hint of positives on CPR or/and any potential forward planning/funding/logistical/operational progress here (which have suspiciously been non-existent with this BoD) will drive this currently way undervalued SP sky high, so looking very good here with Brent now at $73+ and fast rising, thereby, acting as significant tailwind for any HUR planning/outlook ahead.”

Good Note.

“please kindly ensure that you register your shareholder Votes (well in advance) AGAINST ALL 6 BoD proposed AGM resolutions for 30 June, AND then after that, register your shareholder Votes (again well in advance) but this time FOR the 7 CA proposed EGM resolutions for 05 July, so please kindly and if you so wish, Vote AGAINST the 6 remaining BoD proposed resolutions for 30 June, and then Vote FOR the 7 CA proposed resolutions for 05 July by Contacting/Calling your broker well in advance ASAP”

Fully concur, let’s all please ensure that we register our shareholder votes (as highlighted here above) with our respective brokers in a timely manner as soon as possible.

“As always, when I see Shorters, 24/7 paid de-rampers, BoD/Kerogen stooges (or those who are simply way too greedy here and are dreaming to buy in HUR at even cheaper prices)……………. , all suddenly popping up here, looking nervous with PoO/resulting company net cash now significantly on the up, and as obvious from their constant de-ramping BS even at these extreme and now purely BoD driven lowball valuations, I then realise for sure that this share is going to look absolutely outstanding post this incompetent, arrogant, and corrupt BoD’s inevitable departure, and then, even a hint of positives on CPR or/and any potential forward planning/funding/logistical/operational progress here (which have suspiciously been non-existent with this BoD) will drive this currently way undervalued SP sky high, so looking very good here with Brent now at circa $73 and fast rising, thereby, acting as significant tailwind for any HUR planning/outlook ahead.”

Well Noted.

“First upcoming event here and courtesy of the Court (NOT HUR BoD), HUR shareholders Emphatically Vote AGAINST BoD Proposed Restructuring Plan/Giveaway Scam (if not done already, please register your rightful AGAINST Vote with your broker ASAP TODAY), next event will be the Court Date followed by the AGM (again HUR shareholders, if not done already, please register your Vote AGAINST the remaining 6 BoD proposed AGM resolutions with your broker ASAP), and finally EGM by which time, figers crossed, this crooked arrogant BoD will be out and under investigation.”

Good Post, and Well Noted.

Urge all shareholders to vote please and ASAP. The 2 main votes are on June 11 and June 30. For June 11, it is imperative to vote against now. It takes 7 days for many brokers to get the vote registered and deadline is 2 days prior to vote. For June 30, it is also important to get your against vote done and dusted.

"Shareholder Restructuring Plan Meeting" and "AGM" - Resolutions and My Votes Cast:

- Shareholder Restructuring Plan Meeting to be held on 11 June 2021 (Special Resolution) but Votes to be in before 7 June:

1. That the Restructuring Plan as set out at Appendix F of the Explanatory Statement is approved. - VOTED AGAINST

Annual General Meeting to be held on 30 June 2021 (Ordinary Resolutions):

1. To receive the Annual Report and Group Financial Statements of the Company and reports thereon of the directors and auditors for the year ended 31 December 2020.
- VOTED AGAINST

2. To re-appoint Deloitte LLP as the Company's auditors until the next Meeting and to authorise the directors to agree their remuneration.
- VOTED AGAINST

3. To elect Richard Chaffe as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

4. To elect Antony Maris as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

5. To re-elect Steven McTiernan as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

6. To re-elect Sandy Shaw as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

Please vote ASAP and remind the HUR BoD that Turkey's Don't Vote For Christmas!”

“Please continue writing to various ministries, organisations, Action Fraud, FCA. Keep chasing them. Wheels of justice unfortunately grind very slowly. However, if we keep kicking people, someone is ultimately going to wake up. Also, please vote against all resolutions on 11th June and 30th June. Finally, I will urge people not to speak in court in terms of suspicion or emotions. Legal system does not deal with suspicions, they deal with hard and accurate facts.

The hearing on 21st may was still ok to go in unprepared before the judge but if anyone intends to speak on June 21, then please write your facts, read them out internally first. Remember last time we said that company is under FCA investigation. But the fact is that we as shareholders wrote to FCA and FCA queried the company. There is no formal investigation.

Therefore we need to hear the plan from CA, start our arguments requesting his lordship to set a good precedent for other companies, work our plan(which can be based on past RNS, reports etc or find faults in PWC scenarios) which shows why the company can pay bondholders in 2022.”

@ British, I concur, and at same time urge any remaining HUR shareholders to utilise this Court provided opportunity and ensure that if not done already, they register their votes against all 7 BoD proposed meeting resolutions (which includes the BoD proposed restructuring plan) by contacting their broker ASAP on Monday (if this is also their intention), and good luck shareholders.

Urge all shareholders to vote please and ASAP. The 2 main votes are on June 11 and June 30. For June 11, it is imperative to vote against now. It takes 7 days for many brokers to get the vote registered and deadline is 2 days prior to vote. For June 30, it is also important to get your against vote done and dusted.

"Shareholder Restructuring Plan Meeting" and "AGM" - Resolutions and My Votes Cast:

- Shareholder Restructuring Plan Meeting to be held on 11 June 2021 (Special Resolution) but Votes to be in before 7 June:

1. That the Restructuring Plan as set out at Appendix F of the Explanatory Statement is approved. - VOTED AGAINST

Annual General Meeting to be held on 30 June 2021 (Ordinary Resolutions):

1. To receive the Annual Report and Group Financial Statements of the Company and reports thereon of the directors and auditors for the year ended 31 December 2020.
- VOTED AGAINST

2. To re-appoint Deloitte LLP as the Company's auditors until the next Meeting and to authorise the directors to agree their remuneration.
- VOTED AGAINST

3. To elect Richard Chaffe as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

4. To elect Antony Maris as a director of the Company pursuant to article 62 of the Company's Articles of Association.
- VOTED AGAINST

5. To re-elect Steven McTiernan as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

6. To re-elect Sandy Shaw as a director of the Company who retires by rotation pursuant to article 64 of the Company's Articles of Association.
- VOTED AGAINST

Please vote ASAP and remind the HUR BoD that Turkey's Don't Vote For Christmas!”