Member Info for Goldenbadger1

Sound RNS today , clear in the main although the issue of the $17m restructuring cost was not clarified .
Was the $17m paid in H1 or is this fee to be paid H2 ? Will the fee require payment AT ALL as Hurricane is not Restructuring the CB's ?
Who agreed to the payment and is there recourse to the CB holders who basically Demanded the Restructure ?
The $17m could be critical at repayment date July 2022 and at the end of the Day this was not Bondholders money it was the Owners money , Shareholders money .

The CA increase took place 30th June same Day as AGM , so 200m Shares acquired in a couple of Day's in the Market ........
I don't think so .

Saba apologies

Sll , Agreed Bernstein will have a plan of Action but what about Sata's plan ?
You negotiate a Deal with the Bod pre- EGM . Where else would CA pick up 200m shares so Quickly ?
We shall see if confirmed .
This in my opinion is a Positive for Shareholders who are averaging less than 10p .

With 23% sitting at an average of around 6p what are the implications of the SATA intervention .
What is the Background of Sata ? What is the agenda to the timing of the recent statement on a CA disinvestment in November 2021 ? Will CA prove up a viable Business case for Hurricane as a Buyer is in the Background ? Take out price 10p .
What does all the above mean to PI investors who have fought so hard for the Truth ?

Possibility of Kerogen having sold 10% ( 200m ) shares to CA and this week Kerogen reducing remaining holding of 100m shares . Probably Driving temporary share price weakness and RNS next week may confirm disinvestment with Kerogen no longer having control of the Agenda .

Also when the facts are out regarding the true nature of the Kerogen / Bondholder relationship the representation and composition of those 'AD HOC' CB holders may also be revealed .
The last 12 months income and Expenditure Accounts of the Company are now receiving a full forensic Audit to be sure .
Looking forward to some clarity in the Swamp that Hurricane has/had become and Hopefully this week .

Talking to a friend of mine who is Argentinian and has family living there , the country is finished
along with Venezuela , Mexico , and Brazil . Argentina now , has a corrupt Government who have very little money or capability to fight a war . Hence they will go the UN route to try and galvanise an Anti Imperialist Agenda , with the usual Jellyfish in support .
UK should ignore the noise and Develop FI , as both a Military Base and a Critical Building block in Energy Independence for the West ............ If they have foresight . This is Boris' Churchill moment he has Dreamed of for years .
FI would make an excellent Submarine Base as part of the Global UK Defence Strat .
So HBR and FI need to strike a Deal , as any other Deal agreed with the Banana Republics of South America is not worth the Paper it's written on .
AIMHO

Yes good for RKH , if we have a Sound negotiating strategy to deal with UK Gov and Harbour .
Mexico has cooked their Golden Goose and Global Oil should inform them !
Although as Stated good for RKH all options need to be Identified and Developed with or without Harbour .

Crystal Amber picked up around 200m Shares yesterday , were they from Kerogen ? Will Kerogen release an RNS tomorrow regarding reduced Holding ? What is the Deal agreed between CA and BOD to give CA two seats on the BOD and retain Maris and CFO ?
If the CA shares were not from Kerogen, then 40% of the company is now owned by these two . Who owns the other 60% ? How big is the Pi stake presently ?
Kerogen/ China are not going to walk away or is the Game up?
Answers and Views welcome .

Well in real terms we sit here at 20p v PMO £1.40 if only TD had hedged .
So we start all over again, waiting for a change in Fortunes and the 'Jam Tomorrow '.
HBR are definitely smarter than PMO, having ducked out of Solan at the right time and benefitted from ARCM doing the Dirty work , to capture PMO for a 'Song' .
As i now OWN this investment in HBR , i would like to see my company (Shareholder petit) have a strategy as follows .
1. Quickly prove up and bring on line Asian assets Andaman , Tuna ect and seek more from the Vietnam field. These are high margin and low risk and with huge Potential especially in Indonesia and Vietnam which are quickly industrialising .
2. Let Talos take the Risks with Pemex/Mexican Government on Zama and forget drilling anymore wells in Mexico . They cannot be Trusted .
3. Develop Sea Lion , huge proven resource with room to expand . Zero risk apart from Climate activists , Zero Emission to get UK funding . Support UK Engineering in Win Win .
4. No Dividends 2021 , reduce debt and get Sea Lion moving , this will give investors long term confidence as part of a 5 year growth plan . Debt maximum $1.8m 31/12/2021 then maintain as Green pressure will Dry up finance .
From 2022 onwards , profits into Capex for SL and Far East .
5. End of 2022 decent Dividend 5% as a Target .
6. Increase Hedges for 2022 , 2023 average up . With the possibility of $100 Oil negotiate Existing Hedge to $68 boe average , there will be takers . Gas the same .
7. Quarterly updates on all pertinent issues would be Splendid going forward , as the Owners of the Business ( Shareholders ) would like to be part of the Journey .
Sunday Afternoon Musings .

The New BOD as mentioned by fellow posters need to be Transparent on the clauses relating to buying Discounted CB's in the Market . Can we or not ?
As identified if the CB holders were so worried about not being paid in Full , then the Market should be Flooded with Discounted CB's which we all know won't be the case .
The Full Agreement with CB's now needs Transparency as it is Anti Shareholder .

Agreed Ash and Daltry , Maris must go soon , in the meantime we need information and should anything illegal have Transpired he may be our 'useful Idiot' .
Chaffe fits in the same category, information is required .
Will they throw there Mates under the Bus ? That is the Q .

Concern with Maris Ash is that he is a Bond Holder/Kerogen plant . Anything discussed goes straight to the parties attempting to Destroy Shareholders .

Within the next weeks as New BOD takes control i would like to see the following :

As at July 1st 2021 what exactly is Hurricanes FCF amount $125m OR closer to $170 m .

The cost of Restructure at the request of Bondholders and for their Benefit was $17m .I would like to see a 95% charge levied against the Aforementioned i.e. $16m and this amount credited to the Hurricane account .
Shareholders didn't request this intervention so lets recover the expense .

In the meeting a 'Plan B ' should be Developed for the BOD to work on . Should HBR not proceed with FI .
Possibly around an Amalgamation of all fields in a Co-op system of shared infrastructure and Equipment with the financing based on Zero emissions , UK owned and Strategically financed .
Have the 'Oven ready' proposal on the table early 2022 , this would Demonstrate to Harbour that Rockhopper is not a ' one trick pony ' and the BOD could GET Busy with adding options.
Maybe RKH have a plan B . ??

Belated congratulations to all Shareholders i believe this to be a Historic turning point in Aim and the Boardrooms . The much despised Shareholder has finally, with the assistance of an Excellent Judge, sent a clear message that we will no longer just accept being dispossessed by unscrupulous Crooks .
This mornings RNS brought a tear to my Glass eye after huge losses and the stress of the last 10 months . I have remained invested with the hope of salvaging at least 10% rather than 5% offered . Well done Guys very Proud of everyone who took action and supported each other .
I will sleep better tonight .

Well done All on todays result and especially the Shareholders who spoke at the court case hats off and enjoy the evening .
We have achieved phase 2 today and phase 3 is the removal of this Disgraced BOD who are still sitting in the pockets of Bondholders . Today's findings should be career ending for most if not all of the BOD , we need each vote to ensure this happens .
All that Shareholders have achieved so far , will be meaningless if Mc Tiernan and his ilk are NOT voted out .
Would it not be appropriate if Trice bought 200m shares 10% vote at a cost of £6m which he can easily afford and thereby supported Shareholders who trusted him . If Trice is still not bound and gagged by the BOD , what a great story that would be returning to confirm the original CPR correct and profitably recovering it .
Back to reality 'Lets remove the BOD '

Will be very interested in who the large Buyer was on Friday . Should we clear the 2nd hurdle tomorrow who is Buying the shares becomes very important pre AGM and EGM .

Good luck tomorrow all Shareholders .
Can never be quite sure on anything these Days , apart from the fact the Chairman and his fellow Board members are Hopefully having as many Sleepless nights as LTH's .
A win tomorrow would be a Fantastic result , not just for Hurricane SH's but for Pi's in general especially on Aim .

Looks like outside pressure brought bare on CA , obvious with the timing they are being sent a non too subtle message .
The Web of deceit and the Unknown parties behind the Convertible Bonds are getting desperate on a company that according to the BOD has no future .
This case has more twists and turns than a Hitch**** novel .