Member Info for Goldenbadger1

Do not Trust Kerogen , Crystal Amber or BOD to look after Pi's .
Together K and CA now own 31% .
What would be the action now that would earn these two neighbours , the Best return ?
That was always the Plan , i really hope i am wrong .

No present PI Shareholder is under any illusion regarding how desperate the situation is presently .
To believe that a investment recovery of +4p is possible , is a Dream for most . The many deliberate 'Kitchen Sink' communications over the last 9 months have put pay to a full price recovery .
However a glimmer of Hope exists while Well 6 still pumps at 11-12k boepd and Brent remains over $60 .
Hurricane is sitting on a rising cash pile of $140m with CB Debt of $230m .
As a large Shareholder the solution to me is straightforward lol :
Hedge 10k production at $60 for 12 months .
Ensure the next April , June , August and September tankers are full .
October 2021 pay off the CB holders .
All the debate on Dilution , Cheap Takeovers , CB holders dictating terms ect , fall away .
Hurricane , IF they have the Water cut under control , can deliver the business back to Shareholder control from CB control .
Should Well 6 water out in December 2021, i would be more confident with CB'S removed from the Equation , believing Shareholders will be in a much improved position .
We shall see .

DE
Hurricane i believe can only only settle/buy 100% of CB's , although that would not prohibit a 3rd party e.g. Investec , buying and thereafter selling to Hurricane at a future agreed price .
Should the CB agreement have banned this option , then there would be zero Discounted CB's in the market .
i.m.o Anyone ?

Icarus
CB /Net Debt as i understand $230m repayable June 2022 .
Not aware of any other Debt that could fold Hurricane although open to correction .

Interesting article on missing 2b Oil with zero accountability . Why ?
Along with many other risks identified in Hurricane presently , i would summarise the critical ones presently as follows :
BOD Agenda possible Dilution or Cheap sale to Kerogen ( China ) .
Oil Well 6 no longer economic .
Brent Price fall below $60 .

Any good CEO would be mitigating the above as follows :

Utilize Investec to buy Discounted CB's presently $100m in market at 50% Discount .
Hedge 10k boepd 12 months at $60 .( Have a back up if water out in 12 months) .
Objective of removing present CB's and their restrictions also $16m interest p.a.
(PMO failed to do this and this one action , believe cost PI's everything . TD . )

Presently sitting on $140m free cash rising at between $15-$20m per tanker , next tanker April 25th +- Production still 11-12k boepd as no contrary RNS .
4 more tankers required to be in a position to cancel CB's and begin building cash for Drills in 2022 .
Rose coloured spectacles required .

Absolutely Pig sick of this lot.
Maybe CB's accept a 70% settlement, as Well 6 may water out at any point . A Settlement Cost of $160m , of which Hur should have $140m presently with balance of $20m by 25th April ( well 6 dependant) .
Will the CB holders continue to take a Risk and see this mess to its conclusion ?
That Deal should be on the Table , settle the CB's . Or is that not part of the Kerogen Plan ?
Clutching at Straws i know .
Trice , Mc Tiernan have a lot to answer for . ........S

People promoting/accepting Takeovers should have a view DS .
If Q doesn't meet your criteria then GFY .

BoomMMMMM am i missing Something .
Plant if Hurricane was taken over
What price is acceptable to you ?

Hurricane not responsive to e-mails .
FCA please don't make me laugh .
Do not give any Transparency or feedback
Fine dished out to ARCM an absolute Joke for non-disclosure .
ARCM were allowed to bring down PMO at the cost of Shareholders .
Still Spitting Mad . Woof Woof .

Hurricane Lockdown Fever .

War of Attrition Hurricane and Associates trying to Break Shareholders , so we accept any offer on the Table .
We are made of Stronger stuff and will not Capitulate to a cheap Buyout or a Manufactured Closure . No Pain No Gain .

Nagging Question .
If Hurricane/Partners , wish to buy/ keep buying , Discounted Debt in the market .
What kind of Results/CPR should be Published ?
As already Discussed Ambiguity of CPR's can reflect any required view .

Possible Tomorrow :
Financials .
CPR
FWP
Water Cut and Production latest .
Free Cash balance
Why ? News Shy , so out in One go possibly ?
Friday ' Malcy Show' IF above are Positive for Shareholders .
Mc Tiernan can send Maris if he's toooooooo embarrassed .


Otherwise we will not hear a PEEP from them as they return to the Bunker . ' Tin Hats Time '

Tomorrow 18th , as plenty of other action happening to divert attention if required .
Could go either way , depends on who's pulling the strings and dishing out the plastic for the ATM .
Mc Tiernan and Maris would be great delivering Good news for a change on Malcy's 'Show' . Hopefully at a better venue than R . (Perched ) Trice's garden shed , used previously .

Joe how do you see this unfolding regarding Kerogen , CA and finance ?

Good news on Debt side with Discounted CB's moving from 55% to 50% Discount .
Good news on Shorts as reducing .
Good news on another Tanker 425k- 500k $15m-$20m free cash .
Also for Balance :
As an educated guess believe Kerogen have $100m in CB's and they would not be discounting . The last figure given for Hurricane Discounted CB's in the Market was around $100m , leaving $30m unaccounted .
With Kerogen having around 50% of Debt would explain seat on the BOD (now given up) AND why it would be more Profitable to get a Debt Restructure ( read Sweetheart Deal ) .
Should this option be waved through .....

Albie agree
Biggest risk to PI's are the Neighbours , Kerogen and Crystal Amber getting together with a Compliant Mc Tiernan and Maris and throwing us under a bus .
With everything Virtual they would not have to face the wrath of the Peasants , which plays out perfectly if that is the Plan.

Malcy's Blog would be interesting for a change if , the former Chief ' Praise singer' of Hurricane could do some real work and pin Mc Tiernan / Maris down for a serious interview .
Probably would not want to risk his 'Pie Pipeline' .

CB's pretty much secure , all the upside at this point , as Hurricane with+- $140m FC in the Bank and well 6 still producing they are covered if Hurricane cease trading .
Dilution or a buy out at this price , would also be a gift to Kerogen and friends , that's the risk carried by Shareholders .
Kerogen as the insiders have both Shares and CB's so covered any risk or possible upside .
Will the CPR support a low ball offer ?
Have Kerogen/ Associates bought sufficient low priced shares to vote a low ball offer through ?
Who are Mc Tiernan and Maris batting for ALL Stakeholders ?

This is the week that will Define Mc Tiernan and Maris .
An opportunity to Join the ranks of Management that actually look after Shareholders like Andrew Austin of Rockrose .
Hurricane can ride the storm of the next 6 months and become self- funding .
Now is the Time for these Two to stand up and be counted .
For the Shareholders .