Member Info for nidgeyr

Knew something was going on behind the scenes....

Trafalgar is pleased to announce the appointment of Dr Paul Francis Challinor as an Executive Director, with immediate effect. Dr Challinor is a renowned and respected, early-stage pioneer and executive manager who specialises in the construction and management of indoor hydroponic vertical farming facilities and in the food security sector.

Dr Challinor together with Gary Thorneycroft, Trafalgar's Chief Financial Officer, were co-founders of Jones Food Company (JFC), which owned and operated, at the time, one of the largest vertical farms in Europe. A majority stake in JFC was subsequently sold to Ocado in 2019.

Further details will be provided in the Company's audited final results for the year ended 31 December 2021 which are expected to be released in late May 2022 and which are expected to show performance in line with the Company's trading update announced on 26 January 2022.

Maybe?

https://youtu.be/sCXzb-ta8VU from 8.00

Interesting…..

Appointment of Chief Financial Officer



United Oil & Gas plc the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce the appointment of Peter Dunne, as Chief Financial Officer ('CFO'), effective from today. Peter will be appointed a Director of the Company and as Company Secretary at the conclusion of the Company's forthcoming Annual General Meeting on 1 June 2022. David Quirke will step down as Director of the Company and Company Secretary on the same day and remain at United to facilitate an efficient transition.



Peter joins from Boru Energy Limited, the West African focussed private oil and gas company where he was CFO and brings over 20 years' experience of working in senior finance leadership roles including over 14 years in the upstream Oil and Gas sector. Prior to Boru, Peter was Group Finance Director at Origin Enterprises plc and before that spent seven years with Petroceltic International plc, latterly as Corporate Finance Director. During his time in Petroceltic, the Company merged with Melrose Resources plc, with the enlarged group carrying out operations across North Africa, the Mediterranean Basin and Black Sea, with operated production in excess of 25,000 boepd.

Nice article - interesting to see what happens - if anything!

Oil firm eyes deals after year of huge change
The Herald29 Apr 2022By Mark Williamson
SHETLAND oil pioneer Hurricane Energy is eyeing acquisition opportunities in the
North Sea following a remarkable recovery in the fortunes of the firm.
The company came close to being taken over by bond holders in June last year before the High Court in London rejected the restructuring plan concerned.
It has been a big beneficiary of the dramatic increase in oil prices fuelled by the recovery from the pandemic, which gained renewed impetus after Russia attacked Ukraine.
The scale of the turnaround was made clear in results for 2021 published by Hurricane yesterday. These show Hurricane generated $18m profit after tax last year after losing $625m in the preceding year.
The company faced big challenges amid the downturn triggered by the pandemic after slashing estimates of the size of the Lancaster discovery, which it brought into production in 2019.
It has been generating so much cash from the production from Lancaster in recent months that it expects to pay off bond holders in July and to have around $60m left over.
The company feels able to shift its focus to growth opportunities following what chief executive Antony Maris described as a year of profound change.
It is weighing up a range of opportunities in the North Sea against a favourable political backdrop.
“The UK Government’s renewed emphasis on security of supply is welcome,” said Mr Maris, adding: “We have opportunities both within our existing portfolio, and in new opportunities in the UK oil and gas sector.”
A spokesperson for Hurricane said the company is considering and evaluating both further drilling on its own assets and acquisitions involving assets on the UK Continental Shelf.
Hurricane Energy shares closed up 0.26p at 9.53p. They sold for 60p in June 2019 after Hurricane started production from Lancaster.

Interesting? “ Further to discussions with our JV partner, Spirit Energy, the GWA JV has taken the decision to surrender the Lincoln P1368(S) licence sub area. With access to limited funds, and no reasonable expectation that the Lincoln discovery could generate any meaningful near-term cash realisation “”in comparison to the other options currently under consideration, “”voluntarily surrendering the Licence is the right choice. ”
Will be interesting to know more about these other options….

https://www.londonstockexchange.com/news-article/HUR/full-year-results-2021/15428750

Yes, please buy first thing tomorrow

Indeed it is Mariog

"Having previously banked profits of £43 million on Hurricane, the average cost of the Fund's current shareholding is 6.7p a share."

"On 31 December 2020, Hurricane had ring-fenced trading losses of $468.7 million and supplementary charge losses and investment allowances of $707.8 million. In addition, capital allowance pools of $383.5 million were available to be used against ring-fenced trading profits. In the event of a corporate transaction, the Fund believes that the benefit arising to Hurricane's shareholders could be very substantial."

Indeed very lazy sense - why is HUR troubled? they are producing shed loads of cash every lift! also the planned maintenance isn't due until Q3 of this year!

"Over the last few months it has mainly about bickering and watching badly behaved children in a playground. I don't think that was the purpose of this forum"
And today hasnt been any different?

Simple - easy answer - I have a life!

PMSL - "I am an investor who has been following the boards for two years but was too busy to post due to spending my time being one of the tens of thousands of scientists developing vaccines to break the hold of a life threatening virus on the population and society as a whole" - now has COVID so now you aren't busy

How can a biochemical pharmacologist working for AstraZeneca and is also a director of two companies within retail and the food sector spend all day posting on here ?

asimpleinvestor - "Whether its posted every 28 days or posted every 35 days or even longer is immaterial, as the content will be the same. I'm quite happy, as an investor to wait a few days extra for the RNS, they are coming much more frequently than a year or more ago. The most important RNS is at the end of the month as far as I'm concerned and what is important to me is knowing that oil is still pumping and earning the company a profit."

Updates have never been at the end of a month they are always around or on 16th - 17th of the month - just goes to show you how much you know about your company! therefore I stand by my earlier comment

asimpleinvestor - member since 18th April.... says it all really