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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.thisismoney.co.uk/money/markets/article-11570275/MARKET-REPORT-Director-storm-brews-Hurricane-Energy-board.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html&_ga=2.49728366.932256805.1671876083-334957226.1663934103&_gl=1*qlbgta*_ga*MzM0OTU3MjI2LjE2NjM5MzQxMDM.*_ga_XE0XLFFF16*MTY3MTg3NjA4My4xMC4xLjE2NzE4NzYxMjUuMC4wLjA.
for BP bilbao 525000 on weds
offload complete @ 26hrs 18min
1 day, 2 hours
18 minutes
Vessel Name
Arrival
Departure
Tankers
TIDE SPIRIT ARRIVAL
2022-12-09 14:49 LT UTC
weather related winds increasing so tanker has pulled away today weather improves over week -end