Member Info for Keepwell

Slift. 30th April it says.

And how do you feel about the news coming out on a 4 day weekend. It scares the s**t out of me.

If it lands next Thursday, we are in deep merde, that allows us 4 days to lick our wounds-courtesy of Easter.

Is what I think the next RNS will announce, with a variety of excuses.
Buying more time. What are the chances, we will be left hanging again.

actually imminent now, which has to be next week.
I'm expecting some eratic behaviour with the sp.
I personally get nervous at spikes late afternoon especially on a Thursday.
We will all be put out of our misery in the next week. My head says we have been royally played here, but my gut says, I'm due to be wrong after 4 awful, and I mean awful, RNS updates.
I only know what the company has announced, it's really a grim situation, however CA declared a brighter outcome, what game is everyone playing. Stay tuned.
GLA.

Flatlined on 3.15?

I wanted a summary of what happened to Lincoln. This is from February 2020 published in the FT.

Hurricane Energy scraps plan for Lincoln Crestal well production
Hurricane Energy walked away from plans to connect the Lincoln Crestal well for production this year and said it would abandon and plug the well if it failed to get approval to extend the suspension consent.

The 205/26b-14 well, Lincoln Crestal Well, was drilled in the third quarter 2019, and tested at a maximum stable flow rate of 9,800 stb/d, in preparation for production.

Regulatory consent for suspension of the well was granted to allow the company to carry out more tests, and required that the well be plugged and abandoned by 22 June 2020.

But the GWA Partners - comprising Hurricane GWA and Spirit Energy - concluded that it would not be possible to tie-back the Lincoln Crestal Well to the Aoka Mizu FPSO in 2020 and now planned to seek a delay to the abandonment of the well to carry out further testing amid plans for an additional production well.

'A rig contract is being negotiated in order to be able to drill and test a production well on the Lancaster licence (Lancaster -8 Well) during the second or third quarter of 2020,' the company said.

'If the GWA Partners are unable to obtain approval to extend the suspension consent, the Lincoln Crestal Well will be plugged and abandoned by the Paul B Loyd Jr rig in March 2020, prior to the planned start of the Lincoln Commitment Well,' the company said.

..this re-rates it will be freeking cosmic.
I don't often get excited with Hurr, but strongly feel now, there is something shifting within the company after the CA affect.
They want their dosh and their average is 9p so there's the first target. GLA

Alot of eyes are on here-waiting for a 'reaction'.
I can imagine resignations are being prepared as no one would stick around after this. They do nothing this lot, why start now.
Deemed as inadequate you wouldn't want to show your face.

Sorry have I missed a key step, Kerogen are wanting dilution? Just briefly fill me in please.

cpt Swag, why not, what else do they do?
You're right probably not, seriously though, that is a fair question, what DO they do?
Yes with Kerogen, who left the board table some months ago, there is a power force in play.
I also suspect CA would not have done this without speaking to Kerogen as they need them on board with the new plans.

I doubt CA will put in another penny until the ship is steering in a favourable direction. CA have given cash, now it seems they are giving their time to sort out a mess. Fair play they are protecting their investment, maybe only 11% but still it's a majority. They have the means and capability to put Hurr on a better track.
I would not bother writing to the Hurr crew, treat them as they have treated us. Besides we know they monitor these forums. Shame on them all.

CA indeed makes that point, between them all they have spent £60k on shares in Hurr.
Quite embarrassing when you can't even talk to the company that has trusted you with millions.
There's a few big wigs a little upset.
Hurr just needed to communicate, not stonewall them. They have just bitten the hand that feeds them.
I think we will have a red bus RNS situation on our hands.

If we go straight into auction while the market digests this.
It's a whale of a statement. Damning and true.
But most importantly, CA have a tech report that they firmly believe in which has upside. That is the real snippet of long term good news here. They have ploughed millions in, got nothing back and can see something we are not yet privy too. They want their investment back and for it have grown.
If the markets sees Hurr does have a future with this then a rise has to happen, and a good one.

More than sounds like, there's enough here to prove they are.
They have just been collecting pretty pay cheques-one thing this lot did get right. Lol.

Jonno, it would seem the board have engaged with noone. It's inconceivable Hurr have been negligent in engaging with CA, I can get over the rest. CA made it clear they gave Hurr every opportunity to respond. Sounds like war is about to break out. CA have the ace now, and a tech report that reads positive. We at last have some good news.
Remember, we are invested in a company, the people can come and go, I think a few bods are going and soon.

* Hurr

Are taking charge, they have just publicly torn multiple strips off the board and regarded them as incompetent.
CA see potential and upside to Hurt and want action.
Bravo.

There's a more prolific option now, something more valuable than a sidetrack?
Check me out guessing.

Ah planted you are still here. It's ok folks, it's only a bad RNS when Planted goes on sabbatical for a couple of weeks .
Oil is NOT lost.