Member Info for mcadder

"I'm seeing complete clarity from RNS translator and Mcadder yet you see conspiracy and fraud"

Senseless sid why would I leave when there are quite a few that value our rational input over your abusive outbursts?!!

Your explanation of the use of the word Tranny is the biggest pile of crap I've ever heard by the way. Still waiting for your apology on the use of that offensive word ;)))

No one can help cos no amount of help will stop the rot here . All the ramping in the world won't stop this sinking and sinking further to the point where this will either be 0.2p or suspended soon

https://www.mind.org.uk/information-support/types-of-mental-health-problems/anger/treatment-and-support

0.5p this week ;)))

"Instead I'll let the SP and the company updates do the talking and continue to post why this is game over."

It means business as usual for bullies like you senseman. You don't get off that lightly. Here's a helpful link for you.....

I could think of numerous highly abusive words to refer to you as, Captain senseless but I refuse to sink to your level. Instead I'll let the SP and the company updates do the talking and continue to post why this is game over.

That level of abuse RNS is utterly shocking they should be totally ashamed of themselves.

It doesn't matter how much you try to justify the use of that word, it ain't acceptable and leaves you with zero credibility

Senseman - why do you insist on using offensive terms to describe people on here? No wonder no one takes any notice of what you say.....

"Tranny (or trannie) is a derogatory term for a transgender, transsexual, transvestite, or cross-dressing person, and is an offensive slur in mainstream contexts."
"By 2017, the word was banned by several major media stylebooks and considered hate speech by Facebook."

This post from advfn is quite apt.....

nigwit: "Given the number of clear warnings the company announced over the last several months I wonder exactly what words they could have used instead to make all those investors who continued to hold sit up and take notice instead of growing their daft conspiracies. Frankly, I think even if they had said something as blunt as “there’s no oil, we’re winding Hurricane up now” many would have refused to believe them."

Yep it's there in black and white RNS, only there are so many dangerous rampers here with their wacky conspiracy theories they literally can't see the wood for the trees.

"what more do you want to know things are likely to go pear shaped? A personal call from the MD? A brass band and parade down your street? The voice of God as you travel on the Road to Damascus?"

LOL

RNS - this is so entertaining from the desperate poster's continuing to shout "scam" and "fraud" in synchronisation with each other without any proof whatsoever.
The process of litigation by the lawyers for each of these idiots identifying them through IP addresses will be well under way imo.
Only a few days to the court process, 0.5p next week

Oilman Jim

May 16, 2021
"Hurricane Energy (London HUR US OTC HRCXF) announced an update on its proposed financial restructuring. Subject to directions of the court, a meeting of the bondholders is to be held on 4 June 2021 to consider and, if thought fit, approve the restructuring plan. Hurricane is warning shareholders and bondholders that in the event the restructuring plan is not approved, either by the bondholders or the court, it is likely that there would be a controlled wind-down of operations followed by an insolvent liquidation of the company."

"Even if approved, in return for releasing $50 million of the principal amount outstanding under the convertibles, bondholders will receive ordinary shares comprising 95% of the fully diluted pro forma equity of the company, which values the existing equity at less than 0.1p per share. I’ve been warning about HUR all the way from the low 30s down and all that was necessary to see what was going to happen here was to read and understand the consequences of the contents of Hurricane’s RNS announcements. It’s now 0.7p."

OGA production consent risks

"Continued production from the Lancaster Area requires OGA approval for production to continue below bubble point. Whilst the Plan Company is confident it will obtain approval to an updated FDPA to allow for production below bubble point, this will be based on ongoing review of production of gas liberated from within the reservoir. If production below bubble point results in production of gas liberated from within the reservoir, the Plan Company expects its production consent to be withdrawn."

Risks relating to options for the Lancaster Area

"Bondholders should note the specific risks relating to each of the possible options for the Lancaster Area, including the NFA case and the various incremental development options as outlined below.
Risks in relation to the "No Further Activity" (NFA) case
The Restructuring Business Plan is based on the NFA case, which assumes no further development
of the Lancaster Area, continuing operations as at present, and reliance on extended production from the P6 Well.
In the NFA case, the Plan Company continues to produce from a single well, the P6 Well, supported
by artificial lift from electric submersible pumps (ESP). There are two ESPs in the P6 Well (an upper
and lower ESP). Production is currently supported by the upper ESP only as the lower ESP is
currently inoperable, and will likely remain inoperable without a workover of the well. Should the upper ESP fail and the Plan Company be unable to utilise the lower ESP, there is a material risk that the Plan Company would need to produce from the P6 Well at a reduced rate. This would impact cash flow and reserve recovery from the well.
Relying on production from a single well as the Plan Company’s only source of revenue until at least H2 2024 creates several risks around well failure including risk of ESP failure"

Tom O'Brien: Exploration ban forces Ireland to rely on British gas
Tom O’Brien
Sunday May 16 2021, 12.01am, The Sunday Times

"The government is to be congratulated for attempting to deliver ambitious legally binding targets for emissions reductions through the Climate Action Amendment Bill. This will be the most important achievement of the bill — one that will have lasting benefits for the environment and Irish society. Less beneficial and more likely harmful to the environment is the aim to ban future gas exploration in Irish waters. This move not only puts our energy security at risk, it will almost certainly lead to higher emissions from our energy system."

"Natural gas provides over 50 per cent of Ireland’s electricity, and about a third of our total energy. While onshore wind is thankfully contributing more to our daily energy needs, it is, and will remain, hugely variable."

Senseless saddo if you're going to write a post, any post, do us a favour, at least make sure you can spell properly....lol

"incompetence isn't a criminal offence"

Very true Slift and no matter what happens now the bod will likely come out of this pretty unscathed. They did make share purchases at I think just below 3p but the amounts were so small even that won't hit them financially.

0.5p next week....

No bullying on our part, or nasty name calling unlike Captain senseless, just the facts, just like this below. This explains WHY having been considered by the bod of Hur that a fundraising through either institutional investors or shareholders would not be feasible at all. It's game over here, that's why 0.2p at best is incoming post approval with the end result of nearly 40B shares in issue....

6.8
" the Plan Company is of the view that it is highly unlikely its institutional shareholders would be prepared to either (i) provide the significant financial support which would be required to (potentially) avoid the need for the Restructuring (whether as part of a rescue capital raise, or otherwise) and/or (ii) vote to support the Restructuring.
The Plan Company is of the view that to undertake such a fundraising from current or other investors would not be feasible as a consequence of:
(a) the low market capitalisation of the Plan Company when compared to the size of the
capital raise which would be necessary; and
(b) the composition of the Plan Company's existing shareholder base, the shareholder
engagement outlined above, and the likely need for the Plan Company to produce a prospectus, which has significant time and cost implications."

I don't need to count them - it was a pure guess considering on my part. Ramping this to death so more people will lose money - shame on you!
And as if using CAPITALS will help you Captain gormless. 0.2p incoming ;)))

Like I said. No other alternative ever has been, or will be available. The sheer desperation from senseless gormless and what must be 25-30 posts in ONE day plus many others is very sad.
0.5p is nailed on next week with 0.2p incoming post plan approval....

Alternatives to the Restructuring Plan

6.4 "No alternative transaction currently exists for the Plan Company to implement and it is not
considered likely that there would be any such alternative transaction available between the
time of launching the Restructuring Plan and the maturity of the Bonds. In particular, the Plan
Company has carefully considered the following:
(a) a consensual deal with Bondholders;
(b) further investment by existing shareholders;
(c) M&A and asset sales;
(d) investment by Spirit Energy;
(e) company voluntary arrangement;
(f) pre-pack sale via administration; and
(g) refinancing.
The Plan Company has concluded, following discussions with its relevant Advisers, that these
are not viable alternatives to the Restructuring Plan"