Member Info for DiveCentre

Looks like the 14p bid has lost some of its puff.

Senseman

I was I little concerned at the sensitivity of using the circumstances of Adoubleuk’s death in an argument with the member since 18/04/22. That is not to say I disagree with you about the nature of said member. However, there are a couple of points I feel compelled to mention.
First I was informed privately by someone who knew Andy personally and the information I was given regarding his suicide does not accord with you description.
Second, he did post to say he had filtered bartlebobton , who I assume to be member you say was trolling him. As to whether bartlebobton’s trolling was a contributory factor I couldn’t say. It happened when France was under lockdown. Andy was living alone in isolation unable to get out and do the things he enjoyed. With the benefit of hindsight there were clues in on the odd comments he made from time to time.
As for bartlebobton he last posted on 22/12/21 and unlike Andy is not sadly missed. He is still listed as a member but why did he stopped posting? Personally I was pleased he stopped but there was one of his posts which might hold a clue:

bartlebobton
Posted in: HUR
Posts: 1,989
Price: 2.30
No Opinion
RE: THE DARKEST HOUR COMES JUST BEFORE DAWN (THE MAMAS & THE PAPAS)18 Aug 2021 09:29
Is there some statistic that more people commit suicide in the wee small hours, than at any other time of day....

On a more serious note + it's a fact; The leading cause of death in men under 50 in the UK, claiming more lives than car accidents, heart disease or cancer. If it were a new disease, suicide would surely prompt a national emergency.
Another fact;
84 men commit suicide, on average, each week in the UK.
A sobering sculpture ...a powerful statement, art at it's best, (that's just a thought, so it might not be true)
https://edition.cnn.com/2018/03/26/world/london-sculptures-project-84-suicide-trnd/index.html

mariog
You may be right .
I was going by HUR's website.

Mariog
They have expressed an intention to relinquish but if you check “Assets” on the Company website they are still including Halifax (P2308)
https://www.hurricaneenergy.com/assets.
It would be criminal to give up the licence while the sale process is still ongoing.

mariog
That is wishful thinking.
The 7.7p offer was made before the Company announced a possible cash return. You can be fairly certain that anyone bidding for HUR will want to retain the cash. Otherwise the bid would be 4.6p

Porscha1946
You sound like you hold a grudge.
Admiral have served me well over the years and I'm £500 up on my purchase this morning.

fandg2

It was RPS.
https://www.hurricaneenergy.com/assets/reserves-and-resources

Current management will not commission a new CPR. They have no intention of developing the assets so it would be pointless. There will only be a new CPR if the we have new management and they decide to raise funds.

NS Tiger
I agree with you that CA are not “friends” and Bernstein will do what he considers to be in the best interests of his fund regardless of how that impacts other shareholders. If an offer is on the table which he is prepared to accept it may suit some shareholders and not others. All we know is there has been an offer of 7.7p and there are apparently a number of interested parties. We do not know what Bernstein is prepared to accept but given that he put the EGM call on hold suggests he is aware of the possibility of an offer which he thinks could be acceptable. The question is therefore what offer or offers have been made: 8p, 9p, 10p, 11p or even by some miracle 12p and what does Bernstein consider acceptable. Personally I doubt there will be anything in double figures and will this be enough to satisfy Bernstein? Maybe, maybe not, but we don’t know, and if he doesn’t get what he wants I see no reason why CA will not come back with its EGM call and resolutions. So you can’t write off the possibility that HUR could have new management. Keeping Maris only suits him for so long as there remains the possibility of an acceptable offer on the table.

Well Kever the market is now open and the sp is static. What sort of wind did you get? I suggest it came from where the sun don’t shine.

Kever
You say: “I hear it is 14p”
If you have heard this are you the only one? If this has leaked there must be others in the know and if that was the case the share price would have started to move up. I suggest you are fantasising.

Nord-West Oelleitung GmbH are reporting a load of 86826mt, but this is incorrect because the barrel equivalent is more than the AM’s capacity. It is not the first time Nord-West Oelleitung GmbH have reported an incorrect load and sometimes they update with a correction. I will post again if they update.
The interval between lifts was 69 days so using the last reported daily production rates would suggest a load of about 540k-545k barrels.

Correction:
draught 11.7m

Altera Wave is now en-route to Wilhelmshaven and reporting a draught of 11.3m so it look like offload completed.

Up 58.5p, nice recovery post XD.

MrWilks
The last non satellite AIS message from Altera Wave was about 10 hours ago. This came from a position roughly 7 miles east of the AM. There is a more recent satellite AIS message from a tanker position less than a mile east of the AM.

Liftings are timed to suit production. AM’s storage capacity is just over 600 barrels so liftings are timed for approx. 85% capacity which gives some leeway if weather conditions delay the lift.

I see Altera Wave is now standing off after what looked like an attempt to connect with AM. Weather conditions are not good but set to improve over Monday and Tuesday so looks good for a hook up tomorrow and complete the lift by late Tuesday. If my prediction is correct that will make the interval between lifts of 66 days so we should have a 520k load.

According to MGW:
Word is that potential bids are few and far between
Given that the Company have said there are multiple bids we can assume a minimum of two, but if Malcy is right I doubt there are more than three. I would be extremely surprised if anything over 8.5p is on offer.

Witness: Richard Paul Chaffe No. of Statement: Third Exhibits: RC4 Date: 15 June 2021
Page 37
“Therefore, as the question from Crystal Amber is to immediately make a purchase in the market, if Hurricane was to execute a “small” bond purchase the most likely consequences of that decision would be to: • antagonise the Committee and risk souring critical discussions with the Committee, reduce the Committee’s confidence in the Board’s competence, judgement and credibility, and lead them to accelerate requests for discussions on possible terms • consolidation of the bond into the hands of the Committee”
Page 39
“RECOMMENDATION The current view of Management is: • There are no reasonable prospects of success for a larger buy back programme • A smaller buy back for say $5-7m could in theory be executed “under the radar”, however it would have no long term efficacy and would quickly become apparent to the Committee, risking Committee confidence in the Board to the detriment of all shareholders • The immediate benefit of retiring a small inconsequential portion of the Bond at a discount to par is outweighed by the need for the Company to position itself to achieve a negotiated outcome with the Committee that achieves a value optimisation solution for all stakeholders The above position has been discussed with both Evercore and Stifel. Both are in agreement that now is not the right time to be engaging in a buyback and support management’s recommendation below. As such management recommends that no bond purchase is undertaken at this time.”

So according to Malcy:
"Word is that potential bids are few and far between"
Is somebody leaking? I wonder who.