focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Kerogen takeover , if Mc Tiernan and Maris don't prevent it .
SP manipulated for cheap (-20p) takeover .
Observations .
Kerogen 16% Shareholder .
CB / Debt Holder amount unknown , regarded as Significant .
Have always had BOD representation .
Roy Kelly / R Trice put together Reserves CPR of 3.2B boe . Pre - 2020 .
RK /RT both left Hurricane June 8th 2020 , with RK joining Kerogen .
June 8th Dr Parsley nominated by Kerogen served on BOD until September 23rd 2020 .
Anthony Maris joined 21st August in place 23rd September 2020 .
After Downgrade of 90% - 11th September 2020 ( Kitchen sink)
Roy Kelly original author of resources working for Kerogen .
Kerogen keep 16% shareholding with risk offset with CB.s .
Kerogen now have Financial resources to Fully Develop the Hurricane fields , should they have Economic potential .
Are we waiting for a Kerogen move pre CPR ?
RNS Good overview thanks .
Any thoughts on the next CPR ?
Are CPR'S due to the nature of FB's estimated differently to other reserves? With no legal recourse . Obviously Zero recourse for being 90% out with Hurricane .
If BP had reduced their reserves by 90% after trading on an Inflated figure , Would BP be ok to produce another CPR and move on ? Are they different as not FB ?
In who's interest is it , that a Good CPR is produced this time OR the reverse ?
An unnamed buyer wishing to Buy in at a Low price ? Shareholders ?
Basically what Legal standing does a CPR have if any ? Just a Q .
Don't Trust CA all Talk no Action .
What i found quite interesting as stated on another board this week
$4m worth of Hurricane Debt purchased at 55% Discount , thereafter Debt for purchase improved to only a 50% Discount . Small amount proves Debt can be purchased and with the $100m rumoured to be in the Market maybe the start of ' The no Brainer ' Strategy .
nothing will happen
We will be sold on the cheap to Kerogen IMHO
Spot on Fever tree .
The one regarding Fostering alignment between Shareholders , Stakeholders and Management .
I would really enjoy Kerogen providing Any EVIDENCE to support this statement .
Very interesting Kerogen sat on the Board , until just prior Kitchen sinking of 90% of resources .
Gave up the seat , kept the Shares Why ? Conflict of Interest ?
Were Kerogen part of Ad hoc CB holder discussions , January 2021 ?
Did Kerogen have anything to do with Antony Maris Appointment ?
What is Kerogens % of CB's / Debt ?
Should they hold more than 31% of Shares would they push a motion on a Cheap takeover ?
After lifting 16th March : which adds $15-$20m to Free Cash of $120m : Total $140m+-
Confirms production +- 12,100 boepd ( Jan 2021 ) Well 6 still pumping .
Debt to CB'S $95m +- and reducing fast .
With Brent stable +$65 requires only 6 more loads for Shareholders to take back control from Kerogen /CB'S.
Kerogen will soon get Busy picking up cheap shares from Weak holders to add to their 16% .
Tempting for those who bought in 3p
Cheap Kerogen Takeover on the cards .
Holders have Taken the Pain we are about to Turn the Corner Hold for + 20p
With Kerogen Financially Flush and Shorts closing , Brent $68+ and CPR Due .
Is this the ' Beginning of the End ' or ' The End of the Beginning ' for Hurricane Energy .
Tomorrow Plenty of Share Action I suspect .
Bmb interesting $625m into Kerogen from Neo .
The 'Plot Thickens'
They have Hurricane Shares 16% and a large CB holding and now the ability to buy Hurricane Outright .
Has this been the ARCM share manipulation Strategy all along ?
Next week the Low ball offer to 'Help us Out ' lol
Financial D-Day when all will be revealed March 18th .
Happy with a buyout over 20p i will take the Balance of Losses as an Expensive lesson .
Plant looks to me like they put the finger up to Crystal Amber, not Kerogen .
Crystal Amber for All the words , No action appears forthcoming , also probably waiting for Financial D- Day .
DS.......... We are all hoping to get to that position prior to other parties with a Different Financial Agenda , possibly pulling the plug and selling Hurricane Private Investors out far below 20p.
Experienced at PMO with ARCM pulling the strings and BOD of PMO a bunch of 'Saps'
Also think 18th with all info on
Financials , CPR , Production , Water Cut , Debt and Free Cash .
All on one Day as they appear Media shy .
For what its worth also think Kerogen are trying to pull an ARCM .
Even if he signs in Anonymously as that Gambling party animal living in France .
A Doubletop i think .
Would be interesting to get Dr Trice view .
Wonder if he could raise his stake to 20% of Hurricane with 'Skin in the Game ' link up with Pi's to gain 52% of Hurricane control .
Thereafter prove up the 3.2B boe resources he identified at Hurricane to be recoverable at a Profit .
Having had time out to better understand his model , would be interesting .
Dr T would achieve his Life Goal and Shareholders will all feel a Hell of a lot Better .
Works for me
Thanks Slip .
Believe they also have CB's 'running with Fox and hunting with the Hounds' ??