Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It amazes me how many, of the duster brigade, fail to recognise that we actually discovered 1 trillion cu ft of gas, and it needs to be remembered that normally large volumes of gas are product by lite oil. A clue to it's eventual valve is that they will be extracting it for 12+ years.
I've always believed that if you cannot extract the ur-ine out of oneself you are lost!
Having agl greed problem with shares, stating at 4p reaching £34+ obviously next stop was £50 was it hell company robbed for £18 per share.
When the number of barrels is disclosed, we can calculate a good guesstimate for Altera Wave.
Insight into our immediate neighbours progression on the north slope.
https://youtu.be/gW0B10MENzw
HL logo HL logo
Hurricane Energy plc - Return of Capital Update
Further to our email sent on 19 January 2023, we would like to update you on the return of capital announced by Hurricane Energy plc. We previously advised that the proceeds were expected to be paid on or around 1 February 2023.
On 2 February 2023, Hurricane Energy plc announced the following: "The registering of the court order with the Registrar of Companies will complete the Reduction of Capital process, which allows the Company to make capital returns to shareholders. The completion of the process does not itself automatically trigger a capital return and, as previously announced, the next steps in terms of timing and exact quantum of a return of capital to shareholders will be decided in conjunction with the ongoing Formal Sales Process and we look forward to updating shareholders in due course." (Hurricane Energy plc, 02 February 2023).
Following this announcement, we are now awaiting a further update as to when to expect to receive the return of capital proceeds. If there is sufficient time following the announcement of a timetable ahead of the receipt of the proceeds, we will communicate this to you. However, if not, please be assured that upon receipt of the cash we will add this to your account without delay. We will contact you following the return of capital to confirm how your portfolio has been affected.
"What are are we going to do about it"
Well first let us not forget that the BoD's are our employees, Therefore pen needs to be put to paper as they say!
Note! That shares held within an ISA, do not follow HMRC rules enabling you to sell at a loss, and reclaim the loss.
Decided to put pen to paper, as they say, having received HL notification.
However the notification has disappeared from my online account details.
Needless to say somewhat confusing!