Member Info for Goldenbadger1

Reduces interest rate and frees HBR from certain restrictions .

Would guess judgement dropped during Cop26 to give Italy Maximum Victim status and Heap pressure on RKH to give $ away to Greens .
Just a Thought .

Sometimes these boards can allow individuals an opportunity to communicate reasonably safely in very stressful situations and possibly lighten the Load in a very challenging world .
I will freely admit that when this share went below 1p the Stress levels were at times Toxic . Being able to communicate on a Forum with all the ups , downs and downright comical posts was escapism and that's ok .
Nobody can predict the future , 9/11 , Covid 19 , ect and most small investors are not unstable get rich quick merchants , they are attempting to achieve a return greater than the poor Bank interest rate .
Investors are generally trusting of BOD's and yes some do over extend , believe me they live with that regret . That's the real world .
Hurricane investors have been through the Mill but DID NOT lie down and feel sorry for themselves , they picked themselves up and Fought for their investment and i believe we achieved a Memorable Victory . Be Proud move forward , we are close , do not sell if possible .

AIMHO .

Daltry feel your pain .
These b..........s put many of us through the ringer and should be made to answer in a court of Law .
As usual the Big money will insulate them from ANY accountability . Mc Tiernan .
Not easy to move on from , although have little option , so on we go ........ taking Great pleasure from our Stopping the planned Shareholder Destruction .
Just to keep my sanity i will only sell Hurricane now at £1 so i am a LLLTH .

Knock Knock .
First job for said Wolfe , an Independent enquiry into ' The Greedy Piggies ' with their snouts in the Hurricane trough attempting to take 95% of the Turnips .
Great appointment , now he can 'Blow the AHCBH House down and Roast them for $17m .

Based on a conservative production of 200k boepd and achieving a $60 boe H2 v $54.5 H1 :
Year End should resemble for total 2021 :
Revenue $3.7b
Debt $2.0b
FcF $1.0b
Production 175k boe
Production 64m boe
Very strong position for 2022 .
Hopefully they offer the long suffering ex-PMO Shareholders some 'Jam Today'.

Would expect news on the following :
Production around 10,500 boepd
Water cut 33%
Free cash $107m
Maybe offer for CB holders of 85% for $100m .
Cannot find statement re: Crystal Amber and thick band of Oil Bearing rock below 1330m .
Where can this be found ?

Maybe an offer for Centrica's Spirit is being considered it's on the market and produces around 120k boepd .
Fields with potential in UK , Norway and Netherlands .
Just a thought .

A Huge Thank you and well done Senseman .
Through your efforts you Galvanised Actions from this Forum and your Tenacity has been crucial in stopping a Hostile and Corrupt takeover of Hurricane .
Well Done to all fellow holders who also 'Walked the Walk ' together Shareholders have Drawn an important Red line to OTHER Aim Boards and we should all be very proud of this intervention
Have a Great Weekend and Onwards and Upwards from here .

Note to self ....... do not borrow DA's calculator again ..
Interest for 6 months $6m .

CB Cash ,,,
In 4-6 Days a Tanker will lift 500k Oil which, after paying BP their costs of $3 per boe , will result in Hurricane adding $25m to the $82 fcf Held . ( $107m) .
This would result in 2 further pickups within the next 90 days covering all outstanding CB Debt .
Unless we can save the 7.5% interest on $152m over 6 months ( $11m), then we may as well invest the cash and get some interest , all while we build our cash pile for well thought through Spring drills . In a Nutshell if all goes to plan we are only 95 Days from .
FREEDOM .

As we look forward to the Tanker around Oct 10th , adding $25m to the Hurricane's fcf of $82m , we are edging closer to safety . With the Debt at $152m and CB discount in Frankfurt at around 18% only , we are close .
Next tanker in November if all goes well , another $25m and a late December lifting should give Hurricane the fcf to cover CB'S .
Should an investigation discover Corruption , then i would expect a Debt settlement in Shareholders favour with court proceedings to follow all in 2021 not dragged out for years .
With COP 26 on next month very little positive O&G news will arrive prior to Jan 2022. Also when the UK realise , that in balancing the Economy to move Green and pay off our now £3.0 T Debt a 10 year investment plan with Financing is required . UK O&G should be back on the Table for investment . Obviously with new greener process and methodology .
After all relying on the French for Electricity and Russia for coal is problematic .
Read Brummer in Daily Mail article .
Rolls Royce Nuclear is the long term future 2030's and an Energy mix .
Short term to reduce UK Debt and get to energy independence is O&G .
Norway model .

E-mail sent to John Wright .

Last role of the dice for CB Holders, who have instructed the Poodle Marais to have another go at undermining the Company . In 12 days Hurricane will have around $107m fcf against a settlement figure of $152m to finally rid ourselves of these Pirates .
The Discounted CB'S in Frankfurt at a 20% Discount , could be snapped up , although i doubt any kind of volume is available .
CB's now know they are going to be paid off , so its Dirty Tricks phase 3 . Thank goodness for CA as i'm pretty sure these tactics have been used successfully in the past to rob Shareholders .
The October meeting needs to be overseen tightly by our stand in Chairman as Marais could really go to town for his Masters .
The sooner we get rid of these CB Holders the better they are killing any confidence in Hurricane

Cannot believe they Dropped Sea Lion because of Risk and still have The 'Banana Republic of Mexico' still in the Plan . What a joke unless they Know of a Regime Change coming , its Dead in the Water , Zama and other Mexican Licences .
Biden will not support any O&G LEGAL battle . Ridiculous .

With Fag packet in Hand , the Total cost all inclusive per boe for Hurricane to produce is calculated as follows :
$22,000,000 fcf generated from 500,000 boe so , $44 fcf boe .
Cost to Hurricane at $70 Brent = $26 per boe produced .
Sounds about right .

As stated previously RKH have had the time to Develop a Plan B and C just in case HBR pull the plug .
Plan B should be a UK led Co-operative shared infrastructure deal , zero carbon with UK finance a share of costs and production to USA can be negotiated maximum 49% . The Plan would bring in under one Umbrella all the fields within UK territory around the Falklands .

Timing wise the present Energy crisis and the call for UK energy Independence may re-focus the minds at Westminster . Rockhopper needs to put a Strong case forward after COP and with Hopefully a decent cash balance by then. Rockhopper and FI can offer said Energy Independence If some politicians can grow a Backbone .
Maybe Glen could put the case forward as the Muppets running the show at RKH presently ,
appear to lack any business acumen .
Hopefully i will be back in soon as presently awaiting algo's to fire the starting pistol on UK O&G Shares .

Sense Just a Quick point on CB Holders the 666 % left and yes its that number 66.6% .
These are Hard Core and working together to wrestle Hurricane away from Shareholders . They were close enough to appoint a Representative to put forward their position to the Old BOD so they have that singular vision and i don't believe they will be peeled off .
I also Don't believe we will pick up anymore Discounted CB's in the Market , we either pay them 100% off or by an unlikely Default, they Grab the Company for $30m .
To play Devils Advocate .
What would happen , should ADHCBH offer Crystal Amber a premium for CA's 25% and thereafter take Hurricane Private ?
Would CA sell to Deliver to Saba capital an exit Strategy ?
All these risks exist for Shareholders while the CB's are outstanding , a 10p offer to CA i believe would be accepted .
On a more Positive note it was very interesting to note the $48m held in the accounts against the AM contract . While this was stated as a non cash reserve could it be released and added to cash at 15th October to clear the CB's ? Any Bean counters out there ?
Koo its a Lair for GB , as the Set is in Hock after this Share price collapse .
Impatiently Waiting .

Well having considered all the discussions regarding the Way forward , will throw the following into the mix .
Fact : Back in 2019 many Shareholders were urging Durant at Premier Oil to put Hedging in place until Tolmount gas came on line , this would have proven a saviour to PMO .
Durant knew better of course , did not Hedge and lost the company . Many Shareholders including myself suffering Huge losses . Durant is still a multi Millionaire i assume .

Fact : From September 2020 we along with CA have been urging the old BOD to buy back the CB's at a 50% + Discount , these requests were also ignored by Mc Tiernan resulting in Hurricane escaping a Hostile takeover by a Hairs breadth .
The aforementioned having cost Hurricane + $20m at least is a lost opportunity and a $17m legal cost .

Again we have possibilities .
Quite rightly people say , we are tied into a BP contract so 'no can do' . Some of these same people who also stated we would never be able to buy CB'S back and cancel them .
So ....... after a successful 34% CB buy back .
Now is the Time to make BP an offer that is a win - win . Knowing that we are a Flea on the Giant posterior of that Mammoth company , $75m from 1.5mboe of production upfront would hardly impact . Maybe we would lose out $5m or so on the upside , we would however gain Certainty , which is Desperately required looking at the Share price . With the removal of all CB's our Debt issue is solved and we can move on .
As with the CB's if you don't make an offer you are left wondering . The worst thing they can say is 'No' . Hurricane may be pleasantly surprised .
We live in uncertain times , will there be another variant of Covid 19 , a financial collapse or ?
The fact is we just don't know .
By getting rid of the remaining CB's now , we Shareholders will again own the company and have more control , that is Critical .
Finally Hurricane great possibilities , underlined in the way that the ADHCBH and BOD were quite prepared to fight in Court (with our resources ) for this supposedly worthless Entity .

Hurricane with Settlement , can focus on finding the (hidden) riches in WOS and Developing the Extraction Plan . All Stakeholders thereafter should Benefit .

Off to the Lair .