Member Info for haggis_trap

^ gotcha. Will be interesting what those trade at!

Relist date is 17th May
RNS says documents for this are submitted tomorrow.

I believe / speculate that after refloat the share price will trade at around £2. So nice premium for institution and primary bid investors.

£1.55.
Based on history of RRE / Andrew Austin my feeling is this will be over subscribed / popular.
Would expect Kistos to trade on 30% premium once trading re-commences.
However that is just an un-educated guess.

Worked ok for me :

1) To subscribe to Kistos you need to use the app. Cant do it on website.
2) Money leaves your account immediately. So you need to have funds cleared.

I signed up on basis this will certainly be over subscribed. So likely the share price will jump up 10-20% following relist. However not knowing the price does feel like going in a little blind.

At present there is no class action. However I would like to see it happen... As I am sure would many investors

^ should say "not applied (... yet)" but almost certainly will!

Not applied or downloaded app - however this seems like a fantastic opportunity for private investors that many companies might not bother with

1) chance to get in at book price offered to institutions should give a mark up once refloated
2) if you don't like price then don't accept the offer

Also : please to see this will refloat in May. Only a few weeks away. Quick turnaround. Exciting times

Crystal Amber have big balls.... Wow

^ The only plausible reason new-board are actively keeping share price low is because I believe Kerogen are the bond holder. The identity of bond holder(s) has never been published in public domain. Good luck getting that information from investor relations who will obfuscate when asked direct questions.

Kerogen, like everyone else, have a lost a lot of money investing in Hurricane since 2016. I believe they now want to "kitchen sink" the company and take controlling interest for as cheaply as possible. The new board is clearly representing the interests of the bond holder (Kerogen) rather than the share holders.

What has happened here ? Well either the 2017 CPR was a total lie - certainly major technical errors were made... Though perhaps the 2021 CPR (kitchen sinking) remains overly pessimistic too. It remains possible the truth still lies somewhere in the middle... ? The remains of Hurricane likely has value to someone based on the tax losses, acreage and cash in bank.

Certainly there was a battle for control of Hurricane which Dr Trice lost (... rightly based on what we know now and the rising oil-water contact). However I still don't believe for a minute the new board are acting in the best interest of share holders either!

The OGA and Schlumberger certainly need to take a long look at themselves. Many investors made decisions based on the 2017 and a false belief that Lancaster / Halifax was the largest discovery on UK shelf since 1970s. A down grade from 1 billion to less than 10 million barrels is eye-watering....

True.... However 1 billion to less than 10million is an astonishing downgrade. Especially as no further wells were drilled. Lancaster was supposedly the largest find on UK shelf since the 1970s

A lots of PIs lost money here.... The obvious question : how did the 2017 CPR get it so wrong?

https://expronews.com/company-news/the-billion-barrel-west-of-shetland-discovery-that-didnt-exist/

Whirlaw Stones : I was invested here from 2014 onward. Given the geology and financial concerns I wouldn't touch this until finance (most likely dilution) is agreed for forward work programme. Most likely outcome is that Kerogen, as bond holders, take complete control of HUR leaving share holders with zero

HUR has gone from 2-3 billion barrels to 11 million barrels of 2c in latest CPR.

Remember one thing : Kerogen are share holders and also (likely) bond holders.

This is important. The best deal for kerogen, a private oil company, is to acquire control of entire company and assets on the cheap via dilution. Shortly after the infamous 'kitchen sinking' Dr Parsley (.... who was appointed by Kerogen to HUR board and commissioned to write the technical report) quit his seat. The reasons for that should be obvious... Kerogen were then free to do as they please.

The board at HUR are clearly working in Kerogens interest. They don't care about share holders. If they trash share price then it makes it easier for Kerogen to acquire company on cheap ....

Also : investor relations at HUR (Phil Corbett) is a liar. In August 2020 they told me on phone that reason for shut in was not a problem with 7z well. However they wouldn't put that in an email or writing. A few months later they promised no future plans for dilution ... PIs should not trust the Hurricane board to act in their best interest.

The company is rotten to the core. Private investors have been shafted - though Kerogen, as bond holder, might get their money out....

Kerogen are the bond holders. They want hurricane on the cheap

^ got no idea how it might work. However I am considering making space in next year's ISA allowance for a top up... Longer term potential here seems huge assuming first deal completes

does anyone know if existing share holders will have option to buy more shares at the re-float? suspect this will be over subscribed given the history of RRE and AA. getting in at the offer price could be a very nice bonus for existing holders now company has real fundamentals.

Share price will likely track cash in bank until a deal is done.

My feeling is that raising funds for oil deals is tricky in current climate. Look how much emphasis Kistos put on "energy transition" - which is basically green wash to justify them buying producing gas field.

If a deal can be concluded then medium term this could do very well as I expect another cycle of 100 dollar oil as world recovers from covid

We can only guess what relist price will be as it depends on exact terms of deal / finance to be negotiated.

However : we do know that Kistos has 40 million in cash-shell. Total deal is stated as 220 euros.
Therefore this is a very large first deal! Which should be good news for shareholders.
Most important thing is that deal turns Kistos from cash shell to producer with profits.
This will provide much leverage against future deals - and why we are all invested.