Member Info for Goldenbadger1

Tex is spot on with the issue of Fraud .
The wrongdoing has already been proven by the FCA and the intent for ARCM to hide their position , gave them huge financial advantage at the expense of shareholders .
ARCM have effectively destroyed Pmo for the shareholders and watching Malcy and TD's interview a short while ago you would have to say the PMO position was very positive . What happened ?
The question is were the Pmo bod incompetent or complicit ?
Action is required .

Agree with legal action with no win no fee class action ,with % of win to lawyers agreed up front . Therefore the bigger the victory for legal team the more we ALL earn .No point winning and 80% fees and costs . In my view Pathetic fine but guilty verdict and this is not just a test case for PMO its for total LSE fraud .

Yes i take full accountability and Yes they did cover all there bases including removing incriminating presentations ect .
Yes it is a mugs game as CEO's and BOD'S cannot be trusted with looking after shareholders money .
What a sad world when you cannot believe anything spoken or presented .
Who would be invest on the basis of Trust ? LOL

What a joke unfortunately with PMO and Hurricane the worst lies and incompetence have robbed many Pi's of their money . Sold stories of Qualified individuals and Dr's confirming Billions of barrels of oil and TD on PMO stating 'company is fine on $35 oil '. These two companies should serve as a warning to all PI's not to invest , as the deck is loaded from inside and out . The FCA are not fit for purpose and the Muppets running the country are selling off all the Strategic assets to foreign buyers.
Wait till we need oil and gas it will be just like PPE in a crisis we will be begging for help .Falklands Oil . North sea oil will be like our fish we will have zero control .
If HURRICANE goes the way of PMO then again PI's WILL get screwed and all these ramper's will have done there job .
Rant over as totally p.o.

Will be voting the deal down on principle , 5% and they all get what they have planned .
Or 0% and they can go .....them....... s
It does not matter at this point i will take 0%

Fully agree MPBUK an absolute rip off . Trice was just guessing all along and hoping for the best but his losses compared to Pi's are nothing as multi -millionaire . All the reports were inaccurate but who cares as in today's world there is no accountability . Just a S..... Show .

Always interested to hear opinions on here over last 5 years and listened to TD last night putting PMO demise /dilution down to Oil price and CV 19 . What rubbish he had the ability to Hedge to Tolmount but didn't. Why does he state no equity issued since 2009 . We had 100% dilution 2016-2020 and ARCM were also given shares . What a Pratt .
DBNO please stop stuffing up this chat room with your incessant crap . You are ruining it for many people .

The 24% Drop today says everything you need to know regarding this Deal ...

The only Analysts who think this deal is good are Not INVESTED . We have as pi's , been well and truly shafted yet again . TD will follow Trice out of the firing line soon, so that some other Flunky can take the rap .
II's and Shorters have done very well out of TD and clan painting PMO into debt corners .
2 years ago and less they had the opportunity to hedge at $60 , until the cash cow Tolmount came on line . Did they do it .....
dtf this is the result ...... Destruction .
This is not all Covid 19 , this is shocking management and they are lucky meetings are on line presently .
Finally PMO need to remove the statement trotted out regarding Stakeholder value and leave Pi's out ,as they have done SFA for PI'S over the last 6 years .

Interesting tomorrow 14th Aug 2020 is the first day we can buy the CB's . At these share prices the trading discount should be around 50% of $230m if Hur can seal a deal for $100M THE SAVING would be $30m over 2 years on interest therefore net cost to Hurricane $70m rather than $230 .
Yes we need cash , no there is no repayment issue ..... but how transformational would that be .......and if we are only worth 5p should be a good escape for CB holders ! Have we got the coconuts for doing a deal .

Great to see some insightful thoughts and comments today a Good read for a change .

My take on Hurricane for what its worth and based on 2020 trends :
2020 T/O +- $210m , Production 5.2 m boe .
Cash +- $170m at 31/12/2020 ( $100m 2020 + $70m operating profit )
2021 Lincoln tie in 9,800 ( 50% net to Hurricane ) Capex for tie in , allocated 2020 .
Ave 2021 Brent $40 Production 20k boepd . 7.2m boe . Revenue $290m
The above 2020 and 2021 profits cover the Cb's due July 2022.
Even with a poor water cut and reservoir performance below expectations on Lancaster, if managed at 15k boepd options exist to take the larger project forward.
By opening up production on Lincoln , Hurricane substantially reduce risk and expand their F.B knowledge in a cost effective manner . If Spirit doesn't partner on Lincoln , Hur retain the 9,800 production.
End 2021 with Brent ave $40 ( Shale will have been hammered in 2020) Hurricane will be in a strong position having the knowledge from Lancaster , Lincoln and Warwick to deliver a highly productive new well Lancaster 8 .
A partner on Halifax once the FB concept is proven would also be a game changer .
A buyout at this point is still high risk as this is still an unproven concept in WOS. However the opportunity exists for the new board to make a name for themselves by bringing the project to full potential and delivering a multi bagger for all Stakeholders .

With around 80m shares required to close shorts , maybe TD uses cash with 100m share issue only .
With PMO at cash neutral 2020 and Tolmount on the horizon (which should be the 'Money Tree) , possibly TD is eyeing his retirement pot now ..........so minimal dilution ???
It's a Distant memory now .... Returning Shareholder Value . I am sure i read it some where ...lol

The only negotiation with Pemex is really how much they are going to receive for nothing , as they have Zero money .
Unless Talos control everything offshore including offshore storage and shipping , the Mexican Government will always be a problem and pipelines ,refineries ect in Mexico are high risk . Pmo /Talos need a Major to buy in and then get Trump to wave the 'stick ' . Gunboat Diplomacy required .

Just think if Dr T wanted too he could buy a 25% stake in his old company for a little over $35m and have a major say in the forward plan ......' food for thought' .
As previous , note to self...... follow the Shorters !

Dr T given more shares what a joke . He's a multi-millionaire he can buy his own if he still believes .

My biggest Lesson in 2020 is learn to follow the shorting companies as they always appear to have the inside Track .

Must dash ........ Up the Blades .

SSB
Based projections on 6 month productivity (95%) complete .
12K boepd going forward .
Ave Brent ytd $40 many variables e.g. BP agreement ,loading timing ect .
$40 boe ave going forward as Trump will ensure that .
We should take advantage of cheap rig rates and availability, although i believe its a 'Consolidate and Analyse ' Bod , which has its pro's and con's . Also as previous they are not going to move on a buy back position .
Holding so if projection close financially Hur is better than break even .

TF as far as i can remember the reason for non-tie back has never been stated by OGA or Hurricane .

Malrees . How many shares has the Chairman personally bought in Hurricane and any idea when he bought ?