Member Info for Goldenbadger1

Agreed Fever this is exactly the course of Action Shareholders have asked for over last 12 months .
Well Done new BOD .

Non Oilman guess , would probably make overall water cut a problem . Looks relatively under control and managed with Well 6 only .
Maybe a solution has/can be Developed to run Well 7 aswell but that's for the experts on here .

Look again worst case .

Total cost to Hurricane per boe worst case $35 .
Low 12 month production 3.1m boe ( 8,500 per day )
Ave Price Achieved $65 .
Free Cash $93m .
Probably around $17m short strangely lol .
Close enough for payoff in estimated worst case .

Hurricane CB's Trading today at a 36% Discount . Qty not stated .
Next update expected early September on FCF after last uplift .
A waiting Game .
Free Cash, CB position , Water Cut , Production , CPR 's , AM contract , ect ect .

All Hedges in June statement the problem for HBR is the bank forced them to have excessive Hedges in both Oil and Gas up to the end of 2022 .
Need to renegotiate Hedges above $59 to at least $65 if at all possible .

It's Interesting that China has less than 100,000 Cases and sits at 107 against 220 countries reporting Covid . Where is the Explosion in cases in Asia ?
Nothing will be resolved prior to the 'Great Reset ' .
This is about a Transfer of wealth to American and Chinese state funded Banks .

Never Post on a Monday .
Revenue 530,000 Boe x $70 = $37m .
Cost = $24m .
To FC = $13m
FC End September 2021 = $135m
Off to the Lair ......... Long Day and Abacus having Technical issues ,
Apologies all .

Correction Added to FC $46m
Free Cash $168m 1st September 2021 .
Above would reconcile with $19m added in one month December 2020 on lower Brent price .

As i read todays Positive RNS , interest is Drawn to the $!2 m reduction in free cash for the month of July . The next offload in Late August should Hopefully generate around $70m revenue if Brent holds around $70 boe .
All legacy issues have been addressed including Lincoln plug so my Fag packet calculation follows :
Revenue $70m from July/August production
Total Costs $24m .
Added to Free Cash $36m
Free Cash $158m 1st September 2021

Presently waiting on every front for the World Economic Forum in October where the Overlords will explain after taking everyone's Wealth ,
How
' You will have nothing but you will be Happy '
Cannot Wait .

Well here we are getting ready for the next performance :
We have +3.0 Billion Boe 2019
'Oh no you Don't' it's 30 Million Boe Sept 2020 .
It's all going to water out pre CB repayment .
'Oh no it isn't ' Shareholders win court case .
Then entrance Stage left unknown and uninvited Villains who have enough of a Threat to Hurricane , that a High court has to get involved .
Who is Hussein and crew ?
Why Hurricane ?
Why did they believe they could gain control of Hurricane , a company according to BB that has no Future ?
What is going on with this Show ?
Act 5 needs the Plot outlining as this has more twists and turns than 3 Ferrets in a Yorkshireman's Pocket .

Trading at a 36% Discount in Frankfurt today it's come along way from the 75% Discount 9 months ago .
What a pity the Old Board were to set on Stitching up Shareholders to take Advantage at the Time.
Hopefully Hurricane can still pick up 30% at a 36% Discount .

Carbon Emissions to be exact

Sorry boot , 73% of Global Emissions from 5% of worlds Power Plants all Coal fired article 2nd August 2021 . Oil price. com , University study USA .

The Future is clean energy from Wind , Wave , Gas , Oil and Nuclear , a combination that gives the UK Independence and the possibility of World leading Tech , IF Universities are realigned to support this initiative .

The Penny has dropped with our Green Brethren .
Low Oil prices mean people will retain current Tech .
High Oil prices will force people into Electric everything and or Hybrid .
So High Oil/Gas pricing for next 5 years very possible and Climate pressure on any new Discoveries , focussed only in the West .
The Mugs in the West will become reliant again on the Middle East, Russia ect , unless places like the Falklands , Shetlands and remaining NS are fully developed to keep us energy Independent .
Nuclear the cheapest and cleanest back up , needs to be developed by UK with homegrown Talent, we will then have the portfolio of energy required to be Green and Independent by 2050
The UK will also have the Financial position and Talent to export our Energy Developments Globally so a win win .
Very interesting article last week stating 72% of worlds carbon emissions come from only 10 coal fired power stations . This is where COP 21 should place its Focus as a beginning .

With Talos getting frustrated with the corrupt Mexicans , they are as announced yesterday, looking again for a Greenfields Opportunity .
Talos , HBR and ROCK could be the Deal, finance no Problem .
Good weekend All

I will say it only once .
We needed to Hedge when oil was at $76 with a Hedge at $72 , hopefully they have 'Done the Deed'.
I would be sleeping better at night knowing production , not the Oil price , is the only concern.

Target Date August 25th
Tanker Due for a 530k pick up .
Production guidance . Improved ?
Revenue and Price achieved BOE .
Water cut has workover stabilised / improved .
Maybe new contract for AM announced .