Member Info for Goldenbadger1

Good detailed update in summary :
Monthly total costs pre cash around $9m .
Net Debt Zero at 31/1/2022 .
Next Tanker around 25th March .
Adding Cash if we achieve $82 BOE of $44m .
Minus 2 months running costs of $18m .
Free Cash Positive of $26m after CB'S are finally settled .
As at 31/3/2022 .
Well Done LTH's Keep the Faith .

Yep a little too optimistic on that one lol !
Agreed between Mc Tiernan and Trice we could all get wasted on Moet, they owe Shareholders a Fortune .

RNS Thursday based on previous form and if calculations correct as at 31/1/2022
Hurricane Net Debt at Zero .
Awaiting CB settlement with March 25th Tanker giving Free Cash to settle CB's and between $25m and $32m in the Bank for running costs as at 31/3/2022 .

Easy
As previously calculated Hurricane monthly all in running Costs prior to producing cash were around $8m- $9m, the variable being where interest is calculated prior to CB settlement .
If we were to work on a max of $30 boe total cost pre cash, then my calcs :
Ave production 2022 8,500k pd x 365 = 3.1 mboe .
At SP for 2022 ave $80 boe = Cash profit $50 boe = $155m Free Cash .
At SP for 2022 ave $100 boe = Cash profit $70 boe = $217m Free Cash .
With controlled reinvestment from Cash on clear targets, personally i believe we should be able to push production closer to 20k . Hurricane should be looking at a new CPR coupled with 3 years of Data which should allow an Educated Drilling programme .

When Hurricane had a Debt of $230M pre-production with Oil at $65 , the SP was around 50p based on potential .
Hurricane has been in Production for over 2 years now and has Zero nett Debt , the SP is at 5p with supposedly zero potential ( Brent at $90).
We are in a Far better position with over 3 years of Data on our unique fractured basements .
According to Potential , we should be flying right now .
The Campaign over the last 18 months to Hide any potential in my view says it All .
Why would CB holders and the (nearly previous) BOD , fight so hard for a company with Zero Potential ? As asked by the Judge June 2021 . (for time travellers )
Why would so many non invested people worry about Hurricane Shareholders ?
So many Questions , next 3 months will be Transformational hang on to your Shares if possible .

Well Einstein would have handed the Company to Bond Holders back in June 2020 as the BOD told Shareholders 'What is'

Agreed Sense we need a 3rd CPR to put this to Bed .
All fractured basements appear to be unique in my opinion, resulting in many variables for example .
Is the 6 well collecting from Lincoln ?
With a couple of similar Drills that have produced 10k on 6 , could we tap into similar productive wells in the Lancaster formation ?
With the new wells could Hurricane access Halifax formations ?
How much Oil is in the nearby Sandstone and is it Profitable to recover ?

First Phase for Shareholders i believe is complete , we can now cover the Outstanding CB's .
The future here could be a Fantastic Opportunity for those invested , i now believe with a 'fire sale' we have Assets worth more than 5p .
Onwards and Upwards .

Confident Cash on Hand $1.oB Debt $2.0B Max . March Results,,,,,, without Tolmount .
Only Question is , having being left with crumbs after PMO Debacle . What are these HBR Sharks going to do with all this cash ? Around $200m per month presently .
Use the cash to pay down Debt quickly or Buy Neptune at its Peak ? Buying Neptune would also remove any unwanted Shareholders rather than an Amalgamation .

Previous RNS show a pattern of waiting until 16/17th of the month to release details of Cash received from BP .
Hopefully they Break the aforementioned trend and get this very important news out .

Mr KIRK FAILED to bring Tolmount on line , as planned in July 2021 .

Mr KIRK FAILED to bring Tolmount on line , in Q4 2021 .

Mr KIRK FAILED to bring Tolmount on line , in January 2022 .

Mr KIRK has been a highly paid executive who has repeatedly failed to Deliver Tolmount .

I would also have Fired MR KIRK .

Suspect deliberate price suppression on UK stocks while the US gears up the printing press to buy companies using worthless dollars .
We have only just finished paying the US for the two World Wars where they Asset stripped the UK .
They are a close ally although it has always been America first and always will be . We need to become Energy Independent and yes i know we are a UK listed company that is majority US owned .

While we wait .
A Common thread is becoming more evident in Daily life . Hiding the truth .
Why would the Hurricane Board refuse to produce a copy of the Investigation ?
As with other issues it is becoming more obvious that Transparency is not for 'The Peasantry '
Raises the obvious Q . What is being Hidden ?

Thanks John .
I suppose what i am getting at is the fact Wolfe was not appointed at an AGM and it appears a power struggle is taking place at Board level . Reading into CA's notes , i believe it to be in all Shareholders interests , to get CA's new NED on board pronto .
Paying off the CB's finally , may not be on ALL BOD members Agenda .

Who proposed Wolfe to the BOD in October and who approved the appointment .
This wasn't an appointment via AGM or EGM ?
Thoughts

How and Who, will make the final Decision on Mr Morera being in or out as a Ned ?
What are the Timelines as this is a critical appointment for Shareholders ?

Total cost of a BOE for Hurricane sits between $27 to a max of $30 . The figure includes all costs interest , BP , production costs ect and after this cost, free cash is generated .
The calculation is based on Cash held during Oct ,Nov and December where movements involved CB buybacks , income from one 530k Tanker and the resulting monthly adjustments to Cash held .
The aforementioned highlighted a Net monthly running cost of around $8m which reduces Cash held each month and is adjusted upwards every 58 days approx with income received .
The one variable that should improve our cash picture is lower interest from Jan 2022 onwards as the CB's have been reduced by $150m . Around $1m per month saving .
Bottom line we should add around $33m ( after $8m Jan costs deducted ) to our $50m cash pile within the next 5 Days .
As stated above, in the worst case our net cost is $30 boe .

Pick up around 530k at minimum $78 boe gives $41m
Total Expenses Hurricane $8m January .
$33m + $50m Cash in the Bank $83m .
CB Debt $80m ( interest covered in $8m ) so we can now cover Bonds .
With an $8m charge in Feb , suggest small bridging finance to Squash Bonds .

'Justice delayed is Justice denied '
Frustrating

Danno i think your on page the Monty Python insert is over the page .

With last Share lock in finished 31st March and little appetite for HBR shares, then follow the US Oilers with Share Buy Backs .
Operate with :
600 m Shares Value £6 with $200m Divi p.a.
This is the Future for HBR , production , pricing and profits will take care of the rest .