Member Info for Goldenbadger1

Can anyone confirm that Kerogen still own 318m Shares( 16%) last confirmed at 7th Oct 2020 ?

Crystal Amber own 230m Shares 11.6% as at Feb 2021 .

Tanker 2 2021
Reward
According to our 'Eye in the Sky'
Scott Spirit booked for pick up March 16th . 41 Day Production .
Tanker Volume between 425,000 - 500,000 boe .
Cash to Hurricane HQ $15m - $20m .
Hurricane Free Cash after receipt of March 2021 pick up : $130m - $140m
Nett Debt March 31st 2021 $90 - $100m ( 6 more Tankers )

Slift ....... over to you ... n.b. Happy with £2 .

Risk .
Well 6 water cut , stops production of +8k barrels , within next 18 months .
Brent Price goes - $60 in next 18 months . Hurricane has no Hedge +$60 in place .
CPR shows Reserves in Well 6 less than 8m boe .
BOD Dilute shares at SP below 10p , to assist CB Holders and gain very little in Capital .
BOD do not look after All Stakeholders .
Reward
Well 6 water cut rising maximum 1% pm or maintained at 25% . Even better .
Brent Ave $65 + for 2021 .
Production exceeds 4.0m boe for 2021 and well 6 production ends year at +10k boepd .
CPR shows P1 reserves in well 6 at + 12m boe (not a lot ).
Bonus' if ' out of 3.2 B boe original Hurricane reserves, 200m boe is confirmed .
BOD show Backbone and pay off CB's in 2021 . No Dilution .
Cash Flow for following 6 months used to Fund Educated Drill 2022. No more CB's .
2021 sort out Spirit situation so Hurricane can move on .
BOD Most Importantly look after Shareholders .
Hopefully covered my back of a match box thinking ....

As found Wall St Web site .
Shareholders
Institutions 40%
General Public 32%
Private Equity 16%
Hedge Funds 12%
Demonstrates where voting blocks are for a Low ball Takeover .
With Shareholder Activism would be Great when Hurricane is a more stable Company , that General Public/ Pi's take 51% Control . Not realistic at present .

Yes ...... i do know they have a Hurricane share value of + £2 . Open to any other info .

Understanding we have been subject to Death by 1,000 cuts with Hurricane in the last 12 months.
To balance your March 2nd RNS analysis Slift . Shareholders could also assume that in Planning production options for 2022 , the BOD are confident that well 6 production will hold for another 12 months . Really all possibilities are on the Table with many more positives than 3 months ago . Glass half full GB1.

Good summary DFL .
Slift the RNS that detailed the possible Destruction of Hurricane Shareholders, was prior to the unexpected Brent price surge. As noted this event has put a Different spin on Options for Hurricane. Provided the increased options benefitting Shareholders are taken then ALL Stakeholders will see Reward .

Any Buy Out less than 20p is a Sell Out not ........ A Buy Out .

Plant
Working on all inclusive cost per barrel of $35 .
Production based on Hamman Report of 4.0m for 2021 .
At ave Brent 2021 at $60 then free cash $140m + $107m in Coffers = $247m at end 2021 free cash.
At ave Brent 2021 at $65 fcf $160m + $107m = $267m at end 2021 free cash .

FB's at this point not proven commercially in WS . Hence no buy out's on the cards and even if possible Shareholders would not benefit .
If the CPR shows even 10% of the previously stated recoverable oil ( 2.2B boe) , so 200m boe . Hurricane could possibly get a farm in from for example Kistos . This would work for both companies Shareholders . Hurricane Zero Debt and a partner to share drilling costs with possibly existing production at 10k continuing 100% Hurricane .
In this World........ 100m boe of 200m could be in the sandstone flanks of Lancaster , to entice the required partner .
This is possible in our High Risk High Return World , where on the 18th i think we could know our Fate .
Thanks El , gives comfort that at least the Chairman has his Toe in the Shark Tank .

As Chairman since 2018 Mr Mc Tiernan (Stephen to his chums) is the Wing Commander and needs to take accountability .
He is accountable for the Effectiveness of the BOD of Hurricane and now needs to step up at the upcoming Results , CPR , Production update and Debt situation and take a lead with Transparency .
The owners of Hurricane are the Shareholders NOT the CB holders , lets be clear .

After giving the CFO Q some thought , Hurricane are probably tied up by the CB's rules that they cannot utilise the cash . Another reason to settle the CB's

Agreed DS .
In 2021 Hurricane will be paying $16m to CB holders in interest . 7.5% pa
What is our Highly paid CFO doing to offset this , with the $120m that sits in the accounts ?

DS
Can i ask with $120m in the coffers $15m every 40 days and $21m accessible if required .
How Hurricane is 15 months away from paying Debt of $230m ?
My calc is 7 months through a 3rd party .

With Crystal Amber 11% at 6p ave
Trice with 1%
Have the other 88% of Shareholders got enough power to vote down an 8p Takeover set up ?

Agreed RNS this is a race against water cut hence the SP .
Any remedial work Side tracks ect into 2022 in my opinion shows confidence that existing production has at least 12 months . Which open's the Door to early settlement .
Contract with A.M. as i would understand is a per barrel rate which at 11k for 12 months is fine Would also presume a Minimum monthly premium in place .
Brent price has saved Hurricane as stated many times and agree that a Discounted early CB settlement is now priority .

With $120m Free cash in the bank and each Tanker adding a minimum of $15M to the coffers then payback of CB's is possible by September 2021 .
The covenants regarding CB's are restrictive to the extreme, it is therefore first priority to remove these Vultures from the Hurricane challenge .
Worst case is an extension to this Straightjacket .

Marvellous Mr Wilk's

August 2019

2C boe resources 2,235 billion .

P50 boe Prospective resources not Proven........ 935m boe .

So technically we are only Short of 2.2 B boe .

This CPR is going to be a Game Changer ........ which way i am not sure .

Din
If they were not recoverable , should not have been assigned as such .
Quite interesting if they have 3.0B boe identified and quantified as non-recoverable , at least that is an answer to the Q .

'The Producers ' could be cast as FCA .
Fits quite nicely with the film of the same name .
' It's All about the money' not the Shareholders good old Mel Brooks .