Member Info for laserdisc

Thanks for that i have amended the adfn post just thinking it may be quite a tight window to get 3 offloads in till 31/12 as you say

Its in arrears so as you say could run into March 27 . The Njord Viking vessel is being used out at AM today changing hose

Corryvreckan1 no problem i will report after 6th when i think tanker will arrive, seems this week AM is having some maintenance done Ah vessel out of Montrose this morning they need a vessel like this as they have to lift the offload hoses and fit possibly a new one it should be installed by Fri

Fandg2 iii treated same for me on this latest payment its gone in Isa .

Corryvreckan1 makes an excellent point "We can separate the DCU itself - which is like a promise to pay part of the consideration in the future - from the actual payments made which may, possibly, be legitimate receipts into an ISA from a tax perspective.

fingers crossed this is correct Thanks for all the posts on this matter

My calculations indicate we should have an offload next week as we are running at something like 81 days since last offload , if that happens its still possibly for an offload late December despite maintenance schedule , (weather important factor Dec) i will post again when the tanker has been allocated for this next offload

Thankyou Corryvreckan1 that was a really useful post for me as it helps me on future potential tax liability from DCU .

I did not elect so i must have the type 2 dcu , future payments i receive from these will not be classed as a dividend income / not liable to income tax which is the Good news

Thanks again Laser

Thanks Corryvreckan1 i picked up this para around Page 79 of the Scheme Document

para Deferred Consideration Cash Amount

This amount will be known on the Effective Date but it will be contingent on the Trigger

Event. If the amount is paid as the Deferred Consideration Cash Amount, it will not be a

dividend for tax purposes. It will instead be additional contingent consideration for

Hurricane Shares.

A UK Holder will be treated as making a part disposal of Hurricane Shares on the Effective

Date and the consideration for the disposal is the known amount.

But maybe this reference is to you selling your DCU 'S today and the value you receive goes in calculating your CGT liability .

This para says If the amount is paid as the Deferred Consideration Cash Amount, it will not be a

dividend for tax purposes. I hold class 1 DCU's so if i receive any cash amount end of this month and continue to hold them do you think it will be classed as investment income

Departure

AOKA MIZU (UTC 0)

2023-07-10 17:46 MyT (UTC +1)

Arrival

2023-07-11 21:14 MyT (UTC +1)

My Estimate for this load is 533000 . Next offload should be about 1st October 2023

Update

ALTERA THULE

Position: 60° 10' 54" N, 3° 52' 36" W

Last seen: 2023-07-11 08:53 BST

Location: North Sea, GB

Destination: ROTTERDAM

ETA: 2023-07-13 23:30 BST

2023-07-1104:47 BST Destination changed New destination: ROTTERDAM

2023-07-1104:47 BST ETA changed New ETA: 2023-07-13 22:30 UTC

2023-07-1019:14 BST Navigation status changed moored

2023-07-1018:39 BST Navigation status changed moored

2023-07-1018:08 BST Navigation status changed restricted manoeuvrability

Rotterdam friday

Due LANCASTER OIL FIELD today

ETA: Jul 10, 15:00 (in 9 hours) ALTERA THULE

This is 1st lift under DCU allocation ie an entitlement for DCU Holders to receive 17.5% of all future Net Revenues earned by the Hurricane Group, from 1 March 2023 until 31 December 2026, including from both the Lancaster Field and from any acquisition made by Prax via Hurricane, capped at a total of 6.48 pence per DCU

Depends on furure lancaster uplifts if oil above $80 all the better

You need to study presentation to show what are potential payments coming from dcu

DCU RE LANCASTER ELEMENT

Have a look at the hurricane presentation on their website these figs are at $80 oil as long as Lancaster continues production

Returns to Shareholders 2023 2024 2025 2026

Prax Offer FOR THE

(Lancaster Revenue Only) 6.29p 1.21p 1.13p 0.35p

Under the terms of the Acquisition, the Hurricane Board has resolved to pay the Supplementary Dividend in full, conditional on the Scheme becoming Effective. Accordingly, subject to the Scheme becoming Effective, the Supplementary Dividend of 1.87 pence per share (£37.2 million) will be paid at the same time as the Transaction Dividend of 3.32 pence per share (£66.1 million) and the Cash Consideration of 0.83 pence per share (£16.5 million), being within 14 days of the Scheme becoming Effective.

offload started yesterday evg @ 8.5draft on entering port would be expecting around 12 mark on leaving possibly early hrs tomorrow
2023-04-2619:47 BST Navigation status changed moored
2023-04-2613:31 BST Navigation status changed restricted manoeuvrability

ALTERA WIND
Position: 53° 03' 47" N, 2° 46' 59" E
Last seen: 2023-04-24 09:44 BST
Location: North Sea, GB
Destination: LANCASTER OIL FIELD
ETA: 2023-04-26 06:00 BST

Jan 10,790,194
Feb 13,494893
March 12,161259
April 18,749018 running @ 1%
May 18,114657 running @ 0.98
June 17,050579 running @0.92

Stats
https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:12&year=eq:2022&limit=0&search=1&order=asc:abbreviation
average on loan showing @ approx 15m shares for December very small reductions over last 6 mths

https://www.thetimes.co.uk/article/hurricane-energy-directors-come-under-pressure-from-activist-crystal-amber-506p69q9h

HTTPS://www.thetimes.co.uk/article/hurricane-energy-directors-come-under-pressure-from-activist-crystal-amber-506p69q9h
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