Member Info for Goldenbadger1

$8 m give or take , thereafter free cash is produced

Total Shareholding 925m
Buy and cancel 15% EIG shares ( hitting market in April 22 ) , sound strategy .
Total Shareholding if approved and actioned REDUCED to 790m shares in issue .
With pressure from Greens , Banks and Politicians our optimum goal within 3 years :
Zero Debt
Production + 200k boepd .
Cost Boe below $15 .
Reserves + 500m boe .
Total Shares in Issue 500m .
Dividend $200m pa .
As stated months ago , move to a BAT strategy .
All now quite possible , may even recover some of huge losses on PMO .

Sorry not with the programme please explain significance Braines .

Sorry not with the programme please explain significance Braines .

Happy with starting Share buy back .

Great overview and insight Sense .
Fully concur .

All according to plan , nothing exciting they are holding this share until 31/3/2022 at £4 or less for a Share Buy back . They haven't controlled the SP for this long for no good reason .
Tolmount maybe kick off also on 31st .
AIMHO .

Daltry very interesting on Com Sec and agree , CS must also go with other 2 .
Hurricane were looking good with oil at $130 + and first 5 Day Ave of $113 giving a $60m payday .
$100 boe ave last 5 days of month will still achieve revenue of $53m
$90 boe ave giving $48m .
Next 2 weeks should have CB's paid off with + $30m free cash after payment . (31/3/22)
Transformational .
With CB holders out of the way, hopefully Transparency regarding the following occurs :
Reserves of Trice v CPR 2 reserves and rationale .
Spirit contract and forward plan .
AM contract .
Lancaster 8 Drill .
Investigation Documentation Release .
Trice gag order limitation .
A set of proposals on way forward from current BOD .

Sense
Just a Q
Are simply wall st saying PI's own 12% of Hurricane and on top of that there is another 12% in free float ( total 24%) or are they saying the 12% held by Shareholders is the free float ?
Apologies if a little Obtuse .

All that Hurricane Shareholders need to know regarding revenue for next uplift , around 20th March , is that if Brent is higher than $113 ave boe for last 5 Days , we will be receiving a cheque of $60m from BP .

Hopefully a 3 year view will be taken where Shareholders are reimbursed for PMO demise and Hurricane near sell out among other's . This Prior to any Windfall considerations .
Well if Boris want's to go down this road we need to extract our pound of flesh . Operators should be given cheap acreage and zero interest loans for capex to quickly ensure UK self sufficiency . UK listed company's only .
A smoke and mirrors set up by BJ would be ideal . Take's with one hand and Gifts with the other . Anything less and UK O&G will be dead in the Water .
This SHOULD play right into Hurricanes hands .
I may be in this share a while as i would like £1 per share . Not impossible .

Looking forward to the BOD presenting to Shareholders at least 3 Great strategies for the next 36 months . After all they have had many months now in their Highly paid job's to go through Data and test assumptions or ........... have the 'Two' only focussed on a Wind down strategy.
Looking forward to attending .

Fatsam spot on with post at 13.31 ,
Shareholders here need to hang strong , we are in sight of a very important AGM . With CB's covered and solid cash reserves we will be in good shape by June . With small investors holding around 20% , CA with just under 30%, decisions at the AGM will be on small margins .
We have weathered the Storm , hold strong for decisive action on key decisions . The value here is still not fully Transparent .

Brent average for first 5 Days March $113 so will be $60m payment if this is BP's lowest option .
After Feb and March running costs we will sit with +- $123m free cash CB debt $80m .
Shares in Issue 1,992m .

31/3/2022 at $100 boe Brent , Hurricane Cash will increase to $110m with outstanding CB's at $78.5m
On track for a Tanker lift around 24th March to finally deliver control of the company to Shareholders .
April should see CB payoff to free decision making and control back to Board . Thereafter a contract for the AM and hopefully within next 6 months a Lancaster 8 drill . Would also hope to see finalisation of Spirit contract which they have not fulfilled if my memory serves . Strongly believe with Zero debt , Brent $80+, sufficient cash and a new successful educated drill programme we should resist any cheap takeover's . Cheap as in below 30p .
We can Multi Bag from here .

$37m Free Cash after Feb and March Expenses .
This Share is Frying my Brain !

If the 5 Day Average for Brent beginning and end of March is $100 boe .
530K boe = $52.6m Gross ... - $16m (Jan+ Feb Expenses) = Free Cash $37m at 31/3/2022 .
Nearly the Max amount Maris stated as Best case in July 22 , lol $8-$38m .
This is all getting very Interesting . Hold those Shares Tight .

Correction
$70m cash at $70 boe should read : $100m free cash at ave $70 boe .
Above based on production post Jan 31st and 2.6m mboe for 11 months .

Well on a Wet and Windy Weekend and after a Good week for Hurricane Shareholders .
Observations :
At present projected production : 5 more Tankers in 2022 , giving Free Net cash :
$70m at Ave for 2022 $70 boe .
$130m at Ave for 2022 $81 boe .
$160m at Ave for 2022 $90 boe .
Once CB's settled hopefully 31/3/2022 , then the following :
New AM contract finalised .
The Company Investigation details released to Shareholders .
A Forward Plan Presented to Shareholders and The Market .
A Fully Independent 3rd CPR completed with full reasoning regarding findings on
previous two CPR's . ( Why this one should be regarded as Accurate ).
After the release of the above an EGM organised where finally Shareholders , not Bond Holders
will decide the Merits of the Forward Plan and the Findings regarding the BOD IN 2020-2022 .
Shareholders cannot wait for 31st June we need to hear from the BOD in April 2022 .
By May 1st 2022 we must Back 'em or Sack 'em .
We Shareholders have been Extremely Patient with 'our' 'Skin in the Game '

Destitute did you miss this ?
CB'S covered you need to do some Homework .