Member Info for Jonno41

One holding RNS reporting an II increae or a new II and it wil be above 15p in a flash..

IMO

I really struggle to see how they cannot agree to the SOA, FOS/FCA might request a higher percentage of profits, but its not that material because its capped at 3 years. If the market sees the profits, they will look beyond the amount paid to the scheme becuase its short term -frankly even if they paid 50% of their profits into the the scheme it still would not matter that much and I doubt the markts would care.

Thank you

Thanks - do you have a link?

Point begin its been 3-4 and ots of large orders appears to be filled, so really assuming there is large accumulation not just large trading we are due at least 1 TR-1....... I appear to have learnt quite a bit over the last few days, unltimately just like the 10p resistance we had up to a few weeks ago, the 20p resistance seems to have really pegged us back.

Maybe lots of large trades going throught OTC or in some other form, maybe lots of stop losses of PI's still in profit going through - whaever has happened, it been preety dire since Monday as we wait in hope for the TR-1

There appears to be almost no resistance on L2 showing if we do start to see a climb beyond the 14's today. Lots of downward resistance.

I think Hurr shold release an RNS responding to Crystal Amber. You would there would be a couple fo calls a month with both them and Kerogen, if they are powerful enough to work together that could be an option, although are Kerogen not Bondholders? If sot here could be a clash of interests... Whats good for the shareholders might not be good for the Bondholder and vice versa....

I assume they *Hurr Board)are doing what they said they would, engage with the major stakeholders means the bondholders who presumably have the ability to block a work program.

I do not think CA own any bonds, and I assume Hurricane have decided getting shareholder backing is less of a priority. So bondholders have perhaps said the sidetrack is too risky as they see them getting their money back because of Hurricanes growing cash position and POO. So why risk it? I do see where the bondholders are coming from.

CA are clearly saying, theres alot more oil down there, prove it and the SP will fly making their investment profitable, sit on you haunches and save up to pay of your bondholders and SP does not move, bad for them and more importantly bad for us!

And whilst the bondholders are holding a gun to their heads, why would the board buy in.

Not sure whats going to happen next, the question being can CA influence events that influence the SP, its all well and good saying what they said in their report, but there is a limit as to what they can do.

You have to love the comment about skin in the game - I wonder if CA will buy more and then call an EGM and kick the board out - this is probably good I going to get interesting- question is why have the board not engaged with CA -

https://www.londonstockexchange.com/news-article/CRS/half-year-report/14887002

And who can blame them , question is what will/ an they do?

No - It was just a guess, that if someone was behind JP Morgan purchases it could of been him....... actually have no idea

Bring the price down, hit stop losses, fill 1.8M order... TR-1 surely incoming this afternoon/evening.... JB still seems insistant in not buying @over 20p :)

I agree with all this RNSTranslator - THe BOD are acting like players at a poker table, having won the last bet (POO) they are asking the bankers (Bond Holders) to have a go at the roulette table, but the bankers are saying no, settle what you owe first, before you have another throw of the dice, unless you produce proof that you'll be able pay back what you owe if you lose (CPR upgrade).

@elementary - not impossible but to suggest the market thinks this RNS is suggestive of a positive incoming RNS on CPR is madness... sorry but please explain your logic - the company is proven to not be leaky, and we are heading to sub 3p - and whilst I hope the CPR is better than expected, there is not a shred of evidence to usggest this is the case.

People can read your post and be influenced, thats what concerns me.

Not sure if I am one of those trolls you mention - and sorry you cannot buy, I am sure you will soon - I think most of the comments are sensible. The company has sent out 3 - 4 RNS/s overtly negative which have dropped the price back under 3p (not yet here I admit). The question is why are they sending these negative RNS's out. One of 2 answers I would suggest (1) Things really are that bad and they are trying to give us fair warning that things could get worse not better (2) Stakeholders want the SP lower for whatever reason and are insisting on these RNS's going our and dropping the price before agreeing to any new terms.

If its the latter, the SP will probably do up and if its the former it will proably go down. Unfortuntely I have no idea which, but right now whilst I know I might miss the boat, and I am happy waiting on the sidelines for more newsflow.

GLA

How and why would there be a boom here, what positivity do we now know since yesterday, I only see negatives and sub 3p by the end the week. Hurr often has strange trading patterns, so a surge up to 4p or 5p is not off the cards, but it does not seem likely.

I really do think think this is just to buy Hurr more time... So stakeholders can see how POO performs and the impact on the cash reserves.... They clearly won't let a risky sidetrack take place where failures = little return for bond holders and probably no reutrn for us...

Personally I wont consider buying back in for more than 2.5p. Happy to miss the boat, but spent too much time stuck in this share and the floor appears to be around 2.5p.

GLA

I'm reading this as Crystal Amber or other significant shareholders don't think the side track is a good idea and so want this pushed back to next year to see what happens to POO and the water cut in the existing well, plus gain more data.

If production remains stable, CPR updated and POO keep going up, we'll strong cash reserves by the end of the year, and look forward to a nice work program in 2022.

Its still the same situation, if business if viable share is worth 10p + easily, but the risks are clear..

No production update, I'd off expected Feb figs.

I am going to remian on the sidelines, the sp could still drop into the 2's... Maverick I'd need to sell some Amigo to reinvest here..... So you probably get my reluctance.

Lets not discount the possibility of trader exaggeration... Come to my party if you hold a million shares only stands to encourage sch exaggerations!

@Vinson, I thought with your invesment in Amigo, it was just as much a about quality than it is about quantity :) Saying that, nothing wrong with Louis Roederer... Hop you bring us all luck, although I agree with Maverick, this does feel like a chance in a lifetime to make an amazing return with a relatively low risk investment - assuming SOA is approved.