Member Info for mariog

Restricted and non restricted cash. How much does the Hurricane really have?

Then the offer 250m advertised by all the media should have immediately changed title to the amount exceeding Hurricane's cash position.

Hurricane's BoD has no skills at all and that presentation sounds depressing. All about Prax.
Deal will help Prax.
Prax has no money to pay shareholders all cash so yeah lets take Hur for free for the benefit of Prax.

Thanks Sense. This is a mad deal.

Read this!

"· In the event that only the Firm Proceeds are received by Hurricane Shareholders, the Acquisition values the entire issued ordinary share capital of Hurricane at approximately £82.7 million, a discount of approximately 39 per cent. to the Closing Price per Hurricane Share of 6.80 pence on 1 November 2022, being the last Business Day prior to the announcement of the FSP."

All we can do.

https://www.marketscreener.com/quote/stock/EQUINOR-ASA-1413290/news/NO-NEWS-YET-ON-THE-WINDFALL-TAX-43257806/

Stupid conditions. Deal with friends?

Keep Hur as Hur and pay us in installments. Same time try to find a better offer.

https://experience.arcgis.com/experience/c6a51af36aeb4b1bb4ad676fd21ce4fe/?data_id=dataSource_1-18263abd53b-layer-45%3A7576

I assume licence P2308 – Halifax does not belong to Hurricane any longer as it is not listing here
https://itportal.nstauthority.co.uk/information/licence_reports/offshorebylicence.html

Lanvaster licence details
Licence P1368
Status Extant
Licence Start Date 22/12/2005
Initial Term End Date 21/12/2007
Second Term End Date 21/12/2011
Licence End Date 21/12/2042 (Anticipated)

Licensee Name Registered No
HURRICANE (STRATHMORE) LIMITEDBare Licensee, This organisation is not a Beneficary on any Blocks covered by this Licence [10654846]
HURRICANE (WHIRLWIND) LIMITED [10654845]
HURRICANE GLA LIMITED [10656211]
HURRICANE GWA LIMITED

Dive Centre.

Halifax licence is no longer listing under Hurricane.

Hope so.

Pretty good summary bout Hurricane here
https://en.everybodywiki.com/Hurricane_Energy

BoD fecked all by returning Halifax and not progressing with new drilling campaign. Main reasons we are still around 7p.

I also would like to get way more. If we had a big company involved in the bid, we would hear about them already and a revised offer would be on the table by now.

I say this is could be reason the buyer is not ready to pay more. They want a licence and listing company but maybe don't have cash right now to pay 10-11p? We dont know

10.80p most will go for it. It is much higher than 7.70p in percentage terms, then the buyer may not be prepared to pay more cash than 7.70 so a reason they all wait now.

I think we will get the 3.10p from Hurricane, then the 7.70p offer will come back on the table and will be recommended.

Thanks for posting. Good to see there is some company looking for new assets in our area. Are they the ones? Who knows

Last year this day we had an update. Maybe something will come out also here once the offload is completed?