Member Info for Goldenbadger1

Firstly a Huge Thank you to Bernstein , Wright and Craik for the Sterling work so far on the Hurricane Board .
Hurricane Risk Profile .
On July 1st 2021 Shareholders were 100% at risk of losing Everything with the court case looming and precedents against a Hurricane Victory .
On August 1st 2021 after winning the Court case that risk dropped by 25% and we had a glimmer of Hope .
On September 17th 2021 with the Debt reduced to $152m our chances of recovery improved to 50 % As Hurricane now only require $70m to cancel balance of the CB Debt .
The 50% Risk is as at Today Based on 3 Threats :
Brent Price for next 6 months staying above $68 .
Production stability over next 8 months .
Adhoc CB Holders Group Desire to takeover Hurricane and Destroy Shareholder Value .
The next move for our new BOD , i would suggest is the following :
Sell the next 3 Tankers of 500k , planned for Oct 10th, Nov 20th, Dec 31st , next week .
We received on lower Brent pricing in August $70 , $22m , so a Deal netting 3 Loads at $25m per load Brent $75 presently , is there for the Taking with Winter on its way .
The above action will remove 2 of the 3 Risk factors remaining , on the conclusion of a Deal next week . The only factor remaining would be producing 1.3b boe over the next 110 Days . Which should be very Doable .
With this approach we are Debt free by end January 2022 Latest and based on Tax benefits could choose to pay off CB's either in Dec 2021 Fin year or Jan 2022 Fin year .
We would then have the benefit of around 5 months cash Jan- May 2022 at $10m monthly to Drill in May / June knowing 100%of the company is secure .
With the above plan by 15th October 2021 after one of 3 required lifts i would expect our Share price to be around 10p .
Hurricanes Risk would be Re-profiled and a full Picture of all the Hurricane reserves would emerge in my opinion .
Thoughts Anyone ?

300M Shares is a huge amount to Buy for Kerogen so if people can hang on i believe they will get a decent price in 2022 .

No No No and again No Regarding any Kerogen Deal , let me remind you all .
Why did Kerogen sit on the fence when required to vote against ripping off Shareholders ?
Where were they in the court case ?
The reason they would have been Happy either way, to throw both Small Shareholders and Crystal Amber under the bus , is they have both Shares 16% and some kind of through the Back Door interest in the Convertible Bonds . Otherwise why not vote against ?
These are faceless Pirates who would love to jump into Bed with Bernstein , as phase 1 of their scam has Failed .
Let's settle the CB's and then you will see Kerogen's True colours .
Fortunately ' Fred the Shred 2 ' Mc Tiernan was rumbled and between Pi Shareholders and CA we beat them at Plan 'A' don't believe there isn't a plan B to grab the Company and i think CA saw it coming and stepped in to Buy 25% . Thank Goodness !
Need a stiff Drink now .......

RIP Adoubleuk
We will miss both the Oiler Education and the French Entertainment .
Thank you
GB

Further to thoughts on Crystal Amber , as we await an RNS from Hurricane .
Bernstein i believe will extract CA in some form or other from Saba's control at the November AGM . The future of the Fund with a turnaround in Hurricane will assist Bernstein in this endeavour and with sufficient followers a new UK based Fund with Bernstein at the head could be formed . With a sound track record of Positive Shareholder Activism , the new fund could have an excellent future , focussed on the Shark infested waters of the AIM market .
Why does this matter to Hurricane Shareholders ?
In Crystal Amber with over 25% of all shares , we presently have an Aligned partner that has the legal resources to fully investigate the last 12 months and respond .
Hurricane Shareholders also require A Trusted partner to see off the remaining CB holders and in doing so , place a 3 year Strategy on the Table that also can be Trusted .
Saba capital with their timing of the notice of a November CA wind up , were transparently part of the CB adhoc groups undermining strategy .

Are CA with their 2 new insiders on the BOD sitting on news to ensure they can swallow up nervous PI shares ? While we wait for confirmation .
Pi's still need to understand the Dynamics of the Crystal Amber Fund closure planned for November 2021 . Are they positioning their low average for the Exit Strategy and how will this affect Shareholders like ourselves ?
Aim is Brutal and the Yanks take no prisoners when money is Involved .

Waiting for RNS Confirmation maybe Deal is improved with Late additions ?
Either way Confirmation of CB deal is required for Share price re-rate .
Today .......

Agreed cat5 .
Would go for a 24 month contract with get out clauses agreed , based on Oil/Water production after 12 months .
This years production could be close to 4m boe . Revenue $270m .

Reading Hedges overall 66% of Production at 180k boepd .
Room to bring Average up .
Wonder if HBR will make a move on Spirit for around $1.2 b .

First being Court case Victory .
Tomorrow 33% Debt signed off , will await RNS confirmation . No 2 .
Then Hurricane will be Galloping towards Hurdle no 3 .
The Chablis is on Ice .

Knowing how the remaining CB holders attempted to HAMMER Shareholders i would suggest they be removed asap and ZERO deal extensions be considered with them .
Hurricane either pay off Debt completely through a new straightforward overdraft facility of $80m, which i believe in todays low interest climate could be around 4% , or we pay them off as Tankers are sold .
Either way the Bent CB holders are NOT part of the Solution for Finance .

Mariog as the saying goes Banks will always offer you money when you really don't need it .
If it was an unconditional loan for $80M at 4% pa then fair enough . Also no penalties for early repayment , although i really doubt we would receive those simple terms .
After being put through the 'Ringer' with the present CB agreement i would ensure , as Hurricane , to stay well away from Loans . If at all possible Hurricane wait until zero Debt and when we hold the Negotiating position of Strength .
Finance needs to be self generated with JV's and hopefully our own cash flow . We need to adopt a strategy like BAT did with unpopular Tobacco and be self sufficient .

Hurricane was saved by a Combination of Shareholder Activists and CA without each other's support, as seen at the Court case , Shareholders right now would have been wiped Out . CA would also have suffered a loss on their investment .
The Buy back of CB'S was also proposed for 12 months on this Board and very happy to see finally this was actioned.
What was very interesting was the narrative pushed also on this Board , that the CB'S could only be bought back in Totality . Now proven false .
All the above brings into question the missing +3.0 b boe in Halifax , Lancaster ect . Where does the truth begin regarding CPR's put forward and without further drilling ?
Very confident now however that the new Chairman will be all over this and the reasons behind the handing back of the Halifax licence so quickly , investigated .
As many on here have Discussed , the primary objective now is to remove the remaining $152m of CB debt . We are around $80m short at this point with each tanker reducing this by $12m at todays pricing and production .
The fight for our Investment is still on , with a Hard Core of CB holders still very keen on taking the Company for Peanuts . The same crowd trying to convince the Judge that there was no alternative but for them to be handed the company .
Strange how 2 months later here we are with a 60/40 chance in favour of the company pulling through . Obviously the 67% of CB holders that did not take up the offer did not believe in their own Court case .
I rest my case your Honour .

This is just the first step in the Turnaround of Hurricane .
Early CB settlement could benefit from any or a combination of the following :
Improved deal on AM .
Finalisation of Spirit JV , either contract Delivery or Compensation .
Brent average for next 6 months + $70 boe .
Continued Discount CB buying , as cash allows .
Solution for running Well 7 without watering out Well 6 . Hurricane now have 3 years of Data .
Recovery of $17m wasted on court case as i believe previous BOD were found Derelict regarding their Duty of looking after ALL Stakeholders .
Have an Great Weekend Fellow Hurricane Shareholders .

Oct 6th
Nov 20th
Dec 31st
Feb 12th
April 7th
May 20th
July 18th
Based on Well 6 keeping on flowing and Water cut well managed .
Laser as our Shipping Guru is the above close to your thinking ?

The interest reduction will Deliver the missing $8m .
For those Checking the maths .

First good news in over a year . Well Done new BOD and the Team here who fought the Corruption all the way to court . First step in a new chapter for Hurricane Shareholders .
Quick calculation :
CB Debt 20th September $152 m
Free Cash Approx $72 m
After 6 Tankers which generate $12m of Free Cash ( Brent + $69 boe )per load , Hurricane are Free of CB's and Shareholders have Total Control .

So the CB holders failed at their first attempt to Take the Company from Shareholders .
The Court case was based on the accusation that the $230m was at significant risk of non repayment .
The Truth is now revealed with CB holders showing little appetite for lowering risk at minimal cost .
Therefore it's really about CB Holders Grabbing the Company and Stuffing Shareholders by refusing to participate in the Offer .
As a Shareholder, i would recommend that should the take up be less than 25% of $230m the total offer is withdrawn .
Hurricane then take the $115 m and utilise to purchase aging BP and Shell producing asset's
( as BP offered to PMO ) and pump these to max . If it works we pay the CB's , if Not we all lose with De-commissioning costs . I will happily now share the pain with CB holders if forced .
If the CB's don't like it , then take Hurricane to court with CB's own money and in our Defence we can present the fair offer made today .
Time to play Hardball .

After all the wasteful Expenditure of Shareholder Funds( $17m) to liquidate a failing company The CB holders should be Falling over themselves to reduce risk by the 50% with the Deal on the table .
Even with a 30% Haircut, losses will not be realised due to the interest received at 7.5% pa over 4 years . The Desperate CB Holders will now have the opportunity to exit in a neutral position .
Will they?
Failing to walk the walk would prove once and for all that Hurricane is not the Failed Experiment that was painted for the Judge to rubber stamp .
Great move by the new BOD........ Will the 70% Club reject this ? Any future court proceedings will not look favourably on this position , should The 70% CB Club , reject the offer .

Interesting Clarity also after much smoke and mirrors . Hurricane can in fact buy some CB's and not as previously thought have to Purchase All in one transaction or nothing .
Very Pleased with Honesty and Comms of new BOD .