Member Info for Goldenbadger1

NST Fully agree with your opinions , the BOD have done nothing for it's Shareholders and they now have the opportunity at the AGM to explain a Plan A , Plan B and even a Plan C .
The above will allow Shareholders to assess the Strategic Thinking over the last 6 months with the CB's covered .

Keep buying back the Shares , sound Strategy 1m per day as previously discussed if possible over next 2 years reduce to 500m only . Divi's and Share value will then take care of themselves .
If UK , with a knee jerk policy doesn't play ball on WT then focus efforts in Asia as manufacturing around Indonesia and Vietnam will accelerate beyond recognition . We are well placed with Timpan and Natuna ect .
Still believe 2 mistakes , Sea Lion and Zama . One a dead cert the other a bottomless pit with a government that can't be trusted . Very confident in this share although bitter regarding PMO pathetic deal .

Voted down all resolutions which reflects my displeasure at the lack of anything from this board . Paying off the Debt was due to Shareholder intervention and nothing else . We would have been sold out !
The BOD have been well compensated for being in position and delivering little else . Share options or worse , Bonus payments , should only be proposed to Shareholders on the back of a performance over and above the Job requirements at the next AGM June 2023 .
Demonstrate meaningful delivery to Shareholders then we will show you ........................... ( our employees )
' The Money '

Approved at AGM court approval i believe in July . They could already be signing agreements to purchase if/when court approves . Would make cents !

Sam would need to consider the many RKH Shareholders living in the Falklands before any Shareholder value destruction is contemplated .
He still has to travel to that small faraway island and things may get a little testy with the locals , should he attempt anything underhand .

HBR will take the 15% share buy back at a lower market price so at this point not worried regarding SP .

Would be very interested to know the Crystal Amber view on resolutions for AGM .
Is there support for ALL resolutions , as now influential within the company ?
Should the above be confirmed , i would follow the rain makers .........CA ?
Thoughts

Today was interesting and frustrating with a wait until end July message . As an observation the BOD skimmed over the wasted $17M for the company Grab and also the fact ' The Grab ' was attempted under newly instituted Covid rules .
While it is very easy for a 'Water under the Bridge ' cover up for those attempting to Justify certain actions , Shareholders are not as Obtuse as the BOD would hope .
Date for AGM is ?

Just a little Obtuse thinking , lets say that with the war in Ukraine flipping German and Italian oil supply on its head , the following opportunity now exists :
Italy now wants an Italian Oiler to take over the OM licences and drill .The Aforementioned company will pay lets say $200m under a sweetheart tax deal .
The Government settles out of court and the $200m is Rockhopper compensation .
Just a Crazy thought a 3 way win .

Looking at tomorrow or Thursday to announce news reflecting :
CB's settled .
$40m free cash .
Production still around 9,500 boepd .
All very good for long suffering Shareholders .
Above as at 31/3/2022 .

Last 5 Day average around $111 so expect $59m in Income .
minus $8m for March costs .
minus $10m to pay off C B .s at $80m give or take .
As at 31/3 /2022 Free Cash $40m + and Zero Debt .
With new BP agreement may get an announcement pm tomorrow .
Expect AM payment to be made in April up to $18.7m , which is why BP deal signed as Security against any unplanned costs in April .

Interesting as you say extrader , Kerogen and Pudong with 16% each and i also see Dr T is still holding .
Developments after CB settlement will be interesting to say the least . Which way will Kerogen and Pudong play their cards cash in or hold ?

PMO had a undisclosed Shareholder for around a year totally destroying them . ARCM were finally found out with their undisclosed position and got a slap on the wrist from the woeful FSA
Thank goodness we are about to settle the CB Debt , PMO Shareholders were not so fortunate and including myself were well and Truly Shafted .
Is there an undisclosed Shareholder in Hurricane with 16% + ?

Couple of points :
1st 5 days average Brent $113 = $60m Revenue .
Last 3 Day average $113 with today and tomorrow to include ..... fingers crossed .
Nothing on cost base has changed , apart from one off $18.7m required for AM contract .
Hurricane is still printing free cash after $30 boe total expenses included .
Running Costs still around $8m per month .
This will re-rate quickly upwards when Tax year positioning is finished .

Tree shake presently so keep your nerve .
The Hurricane story over the last 5 years would be a very interesting case study from the following perspectives :
An Oil company brought to production by a man in a garden shed .
Billions of barrels of oil , here one year, gone the next .
The firing and muzzling of said man in shed .
The information manipulation to drive the company into CB holder hands .
Shareholder Activist successful court victory .
The payback of total CB Debt within 12 months $230m .
A well still delivering having been written off many times .
An investigation into all the above still kept under wraps .
This book / case study would be better than Dallas at it's peak .

Hold tight we are now opening a new chapter as Shareholders .
31/3/2022 CB's paid and around $40m in cash . if Brent holds over $110 .

Covid facts :
UK Active cases 1.7m
UK Serious cases 302
China Active cases 28,000
China Serious cases 58
Point being , China is not spiking on Covid cases .

Watching carefully Brent price as Average first 5 Days is $113 giving $60m Revenue .
Last five Days would be good for Hurricane to Average above $113 for obvious reasons .

Well as many of my Hurricane compadres have pointed out and to correct some Maris type errors the following correction from Monday .
At $113 Brent ave for next 4 months .
Before 31st July 22 , CB's paid off and distant memory , with $120m free cash in the Bank .
Way above Maris ambition and right in line with 'the Sense' forecast .
Now lets see the Forward Plan Hurricane , 16th April would be Timely .

Ave Brent first 5 days was $113 so if Brent stays above this for last 5 days we receive $60m .
Cash in Hand 28th Feb is $70m so take $10m from $60m to pay off CB's finally .
Less $8m for March Expenses , leaves Free Cash at 31st March at $42m .
With 2 more possible loads pre end July at ave $113 Brent .
Free Cash would be $42m+ $52m = $94m v Maris projection of $8- $38m .
I rest my case m'lord .

lwc
One off charge for Decom Security paid in Feb 22 of $7.7m would account for difference .
In March we will not have any one off's hopefully .
So projection 31/3/2022 :
CB's paid off / covered and Free Cash of + $30m .