Member Info for hasiba

“ Antony Maris, Chief Executive Officer of Hurricane, commented:
"Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."

https://twitter.com/i3energy/status/1393067380113383435?s=21

This weekend is for us shareholders to write emails to relevant organisations and people who may and probably can make a difference...

“IF YOU DO NOT TRY, YOU WILL NEVER KNOW WHAT YOU ARE CAPABLE OF..”
And
Remember the BoD cheat us because they don’t respect us enough...to be honest with us and think we are too stupid to know the difference...

Have a nice weekend...

Can we agree on the main points to write to these organisations/people.
Please put summary of the main points we can raise for the benefit of all...
Many thanks

FatSam...thank you for updating us and your constant constructive support and contributions.

The bod will be asked to why they did not they consider dialogues with the shareholders whom they (bod) have duties to serve their interests ?, and what did they (bod) do to promote the successful progress of the company?
Why didn’t they buy back the CB at less than its half value when it was very appropriate to do so and avoid this catastrophic scenario?

None of the above were considered by bod...
AM was brought in to handover Hur to the Bondholders and ditch the shareholders....they never worked to progress this company into success but exactly the opposite was done to destroy the shareholders value on every opportunity even with the current bullish high oil price and 11,600 bpd production with big cash piles in the bank....
Yes they are corrupt and not fit for purpose and worked to destroy shareholders value...they failed to execute their duties towards their shareholders...

RosieNas...
CA investments team has a solicitor specialist (Jonathan Marsh) in the financial laws...and regulations..
https://www.crystalamber.com/about/managerinvestment

FatSam...
Agree and basically The Bond holders have agreed to cough up nothing. If they agree to drill P8 they cough up 95% from equity they robbed from us and get 95% of the upside from the stolen goods.
My view is a takeover on its way...
This scam will fail....

Captain...
The market makers must hold inventory of xyz shares to keep liquidity and in this process they have to judge what’s the sp should be valued at. By doing this they are taking huge risks of financial loss if their judgment turned very wrong....so for them evaluating HUR currently 0.78 p because they judge this sp now is what’s worth taking into account the risk factors....
Basically they believe more in alternative options rather the restructuring plans sp to be. Otherwise sp now will be below 0.1p as there wers risks of insolvency too mentioned in the plans...
Just imv

NSinvestor....
So sorry to hear about your colossal loss...but so many here lost and us holders sitting on losses too...
Good luck with your other investments and hope you recover all...and after all life is not about money ....and having enough is more than what you need...

Slift...” Now tell us about your sp targets, considering you've bought in from upwards of 8p “

You are again very wrong..in calculating...
My average now..1.65p
So I am sitting on more than 50% loss (on paper)..
Remember this figure

You lost in every share you bought when posters here has time to read on your previous posts since you joined LSE board April 2020....Honestly I pity you and I hope you will be a better investor one day...just stop ramping the shares you buy then when you sell and lose to become aggressive and abusive towards others....it may well be share investments are not your thing...

Cont...typo
RNS 10/5/2021
“ Lancaster is currently producing 11,600 bopd from the P6 well alone with an associated water cut of 29%.”

macadder...” So the hope will be based on some miracle happening involving CA. I honestly can't think of any viable alternative given the situation of the debt and production which has now dropped to 10.1k bopd.”

You are not correct..

RNS on 10/5/2022
“ Lancaster is currently producing 11,600 bopd from the P6 well alone with an associated water cut of 29%.”

Guys be more gentle on slift...he has many issues including his mathematical miscalculations and BTW repeatedly missing sp targets...!

“Slift
Posted in: HUR
Posts: 3,000
Price: 5.655
No Opinion
Averages and Targets16 Jul 2020 11:45
I'm interested to see what peoples' averages and targets are for this stock.
Post yours in the format below on this thread!

Average Price: 5.8p
Target Price: 8.7p “

I don’t think you will have a verdict on 21/5 but most likely an adjournment to give more times to different parties involved...like CA,Kerogen...and others to prepare their cases against..
There will be twists and turns to come .....it’s a complicated case and politics in Scotland and the UK as a whole may be watching too....
Scam cases take longer in court ....

The Three Amigos Show seems to have started early today ...lol

Slift....
You talk through your backside...24/7...
Manipulate every post trying to convince others to sell, so you can buy at 0.1p..as you posted before.
Your target of HuR set by you at 8.7p in July 2020
Your average paid by you was 5.8p
You sold all at 2.71p
You were abusing posters then when you were ramping the share..
You lost a fortune to make you twisted and angry with any holders here...

Tell everyone here why you are spending all your time here when you own no shares...?!
I tell you why..because you brain cannot cope with your financial loss....
Go and see your GP...

The market seems to expect an alternative for the restructuring plans ,to keep the SP at more 8 times of the proposed dilution value....
And please don’t tell me the market makers are balancing their books or playing trick for their advantage....
The current SP is simply agreed by the stockjobbers is the real market value..meaning they have not taken the views of no other alternatives available....
This is a fact

“ Careful what you say folks - we don't want anybody getting into trouble at the 11'th hour. ”
The BOD are bunch of bastards who kicked everyone of us in the teeth and they are not fit for purpose...crooked misfits “

More unanswered questions ,and options were available by the bod but they did not do earlier!! Why?
“Crystal Amber said it asked Hurricane’s management why they were “not keen” to develop Lincoln Crestal, despite the well having been tested at a “sustained commercial rate”.
As of today, it hadn’t received an explanation, or a response to a request to nominate a director to Hurricane’s board.
Furthermore, Crystal Amber said it suggested in October that Hurricane should buy in some of its loan notes at below 50% of par value.
It said Hurricane’s chairman previously remarked that such purchases would be a “commercial no brainer”.
But Crystal Amber said no update on bond purchases or capital allocation had been provided.”

https://www.energyvoice.com/oilandgas/north-sea/west-of-shetland/304351/activist-investor-relationship-hurricane-deteriorated-dramatically/

Incompetent and corrupt to the cores sitting at the top of our company...

DC..
I think the plans seeds were planted just before AM was appointed and they needed a CEO who goes along with the plans to handover the company to bond holders and the timing then with wells problems and cpr degradation of assets with low oil price...all perfectly acceptable play scenario and plausible to execute but they needed time to secure their jobs with the Bondholders agreement to organise it all but the time wasn’t on their side as oil prices rocketed and the whole plans became far less plausible though by now their relationship with the big shareholders and us has been destroyed so they were left with no option but to try their luck with the plan that can save them from their bad luck and deceitful plans.
The current oil production 11600 bpd and oil price is above $68 pb with big profits generating company and over a $100 m cash in the bank ,adding to all this the other unexplored assets to grow ...
The court judge will certainly be bemused.....to why there are no other options available to find in the next 14 months!
IMO the BoD restructuring plan is doomed ...and the current sp is reflecting this even with the threat of insolvency . The market doesn’t believe them or their threats...