Member Info for mcadder

ok almost blue lol

what did I say blue finish now there's a surprise!

Watch this finish blue as more and more short positions get quietly closed out lol

Expecting an update on this part any day now....

“We will be engaging with all our key stakeholders regarding our forward work programme and financing arrangements and updating the market on these efforts in due course.”

Plus I think Dr Parsley stepping down who was Kerogen Capital's shareholder was no coincidence as I personally believe this is why.....

"This move by Kerogen in my view gives them the opportunity to keep open all their options and could participate in any ‘financing arrangements’"

Note the use of the word "plenty".

Does not mean ALL that want to exit but most. Hence why we are at this current price.
The majority that were hanging on for a decent update the other week and didn't get it will in the hours and days after that announcement thrown in the towel. Trust me.

"There are plenty here who just want to exit."

They already have. Trust me.

Either way when something is able to be announced we are looking at a staggering rise in SP

Although the director buys weren't massive it's a massive positive for me for 2 reasons -

Firstly they all participated in the buying including Beverley who bought a respectable 10k worth.
Secondly they must have at least some belief that Kerogen are not going to sell out and may even add otherwise they would have all been nuts to buy at current price imo.

"Well, if the BoD bods can buy shares, then there is DEFINITELY NO TAKEOVER on the immediate horizon."

What a load of rubbish.

We know that over the course of yesterday and today the bod bought "some" shares albeit a mediocre amount. This absolutely does not mean a takeover offer isn't imminent because as we all know there are likely to be several interested parties that could approach the company at any time. So just because they bought a small amount now there's nothing stopping an approach being made by somebody tomorrow next week or the week after. All it confirms is that when they purchased their shares that they weren't aware of an offer at that time and could buy but as we all know thing's can change very quickly indeed

Looks like you're right Planted

Might just be the first tranche of director buys to come but definitely positive

The remaining greedy shorters for last week trying their best on here to drag this down to 2p.
Well ain't happening so tick tock......

"Mcadder, we shall see who has the final laugh."

No we won't Dr Doom cos unlike you I won't be on this bb gloating in your face when this re-rates I'll just simply engage smug mode

Haha Dr Doom is either clueless or simply rattled. Probably a bit of both

With an outperform target of 25p. Best not to miss that bit out hey I'm sure you didn't deliberately lol.

Target price of 1p would be if from this point on Hurricane underperformed further on top of all the kitchen sinking news we've had to date. Given the news to date anythings possible but very very unlikely imo.
On the flip side the 25p outperform target demonstrates considerable upside if a number of things are achieved including but not limited to :-
• Agreement with stakeholders on finance
• Buyback of some of the debt given current
bond prices.
• Compelling plan produced to revise
upwards potential oil reserves and restore
production through both wells (water inj
being one option)
• News on Lincoln/Warwick with Spirit
(hopefully Spirit and Hur on same
wavelength now)
• New bod appointments
• Further commitment from CA
• Clarification on Kerogen's position

Strong blue finish today....

Posted on advfn bb just before....

"Other thought is the likelihood that Kerogen and/or CA are significant bondholders.

Consequently the bond would not phase them in any collective bid for equity.

Personally expecting a bid quite soon now and CA continuing to hoover up equity at below the premium in the meantime."

RBC price target is 25p not 1p ffs!

We're holding up well here considering the mass sell off everywhere else today...

this thread
David Burton
@DavidBurton1971
19m ago
“...as the convertible bond now trades at less than half its repayment value, there is currently an opportunity for #HUR to utilise some of its $106 million cash to buy in some bonds in order to reduce its indebtedness...”

"the zone now believed to contain residual oil below the oil water contact is very thick, whereas we would have expected an abrupt change in oil saturation at the free water level....significant volumes of oil may be present below the revised oil water contact at 1,330m” #HUR