Member Info for RG27

I presume that based on the brevarthen research post Hurricane is really ripe for shorters. Didn't the author say he was a shorter?

Are there any short positions open on Hurrican at the moment.

I must admit I wasn't aware of a big increase in that respect.

That's correct, though a drop to US$ 0 per barrel would probably be a little pessimistic.

Average of first 5 days or last 5 days of the month of pick up at the discretion of BP.

This pick up will probably be somewhere in the region of US$ 78.00 after acilliary costs are taken into account as I can't imagine BP opting to take the current price average.

Would the current spread (2.35%) and prices varying from offers I have just had between ask of 4.69 and bid of 4.365 indicate that the mm has a need to accumulate shares for a client?

Typing error spread was based on ask 4.69 and bid of 4.62 (extraneous 3) Apologies.

Would the current spread (2.35%) and prices varying from offers I have just had between ask of 4.69 and bid of 4.365 indicate that the mm has a need to accumulate shares for a client?

Or am I reading a little too muchy into the spread.

Mind you when I offered a substantial amount the ask dropped to a little over 4.5p the sweet spot seemed to be bids and offers for 200,000.

Don't sell as the price is starting to look as though some one wants stock.

The response I received to an email I sent (1st November) asking if there were any results from the promised investigation and the original comment that they would convey findings within a month (David Craik / John Wright email 1st October)

Dear Roger,
Many thanks for the email of 1st November. You will understand that I cannot share information selectively with shareholders. If the Company has information to share with shareholders, there will be an RNS announcement in the usual way.
Yours sincerely,
David Craik

I did reply saying that I understood that it was impossible the advise individual shareholders and that I suspected that the month response time was a little optimistic as any investigation may well be complicated.

I tend to agree that no news is good news and I suspect that we will receive little info certainly until the New Year and probably not for a couple of months into 2022.

It may however not do any harm to remind David and John in January that SHs have not totally forgotten the fact that an investigation was proposed in October.

What are you trying to say? Because I have no idea what any of that was supposed to mean?

I agree, couldn't make head nor hide of the novella.

Shell had 30% investment in the field.

The 70% investor is continuing talks with the Government and is unlikely to wish to chuck its investment away.

I believe the intention was to reduce the price of oil, pity it didn't work. The amount of US reserves sold along with that of the few other nations that agreed to follow the US was pitifully short of an amount that would be of use.

Opec would appear not to want the price of oil reduced.

I'd also like to know how you got confirmation you received your shares.

I've applied for an additional 100% over my current holding and I certainly haven't been advised I've received my allocation.

The end of play trades on Friday seemed to consider it worthwhile buying in.
A little over 2,000,000 buys.

19-Nov-21 17:04:16 4.40 5 0.22 O
19-Nov-21 16:35:28 4.40 130,000 5,720 O
19-Nov-21 16:35:14 4.40 500,000 22.00k UT
19-Nov-21 16:27:42 4.44 224,956 9,988 O
19-Nov-21 16:27:16 4.43872 843,602 37.45k O
19-Nov-21 16:24:02 4.40 120,000 5,280 O
19-Nov-21 16:23:48 4.37563 241,224 10.56k O

Easyp,

Same here.

Though I only have a £30,000 investment in Hurricane so took a view that Crystal was also worth a punt with the asset value at the time being a reasonable amount above the SP.

Hull4FC
Still wondering about the NED investigation reply as per email response to me and others

After my post of yesterday I received an email back from David Craik.
.... ". If the Company has information to share with shareholders, there will be an RNS announcement in the usual way. " ...

Obviously he cannot share information with individual shareholders and I wouldn't expect him to, hopefully an RNS will be forthcoming in the not too distant future.

However he did "If " the company has information.

HullFC

We may get the two NEDs investigation news this week ?

I received a response from David Craik a couple of days ago.

He stated that ...... "If the Company has information to share with shareholders, there will be an RNS announcement in the usual way.... "

One week ago I emailed David Craik requesting an update on the investigation.

Seven days later I have yet to receive a reply. Has anyone else further information on when / if an investigation occured and if one did take place I presume it is ongoing. If so it would be nice to receive an update, if not of a result then that there is an investigation.

Copy of email below:

Dear David,

I would like to thank you for your response to my email dated 30th September referring to the concerns I felt in relation to the actions and indeed inactions of the previous board of directors.

In your response you confirmed that such concerns were also felt by yourself and John Wright and that you had instituted an investigation into the matters and that your intention was to be able to convey your findings within a month.

Perhaps you can let me know how these investigations are proceeding and when you intend to let myself and, hopefully, other concerned shareholders in the company know the results of your investigation.

Yours faithfully

dflynch.
So do I invest in CA or HUR for the best return?

We live in interesting times!

We do indeed live in interesting times.

So did you make a decision or did you do as I did and hedge by investing in both?

Based on Rushi Sunak's intention to force banks and companies involved in fossil fuels to publish their carbon footprint and that of their customers and their plan for the reduction of their carbon foot print to net zero and for finance to be made harder for fossil fuel companies commencing 2023, what thoughts are there concerning the impact on fossil fuel investors over the short / medium term.

I wonder how this mornings news will effect the current price and how many SH's will want to bale out?

Could be a time to look at topping up.

Yes, bought a small (under £5.000) quite a while ago

I have today emailed David Craik asking for an update on the promised investigation by David and John Wright into the concerns felt by SH's of the actions of the previous Board of Directors.

Squariel...

I reckon $100m should do it.

I've checked both my wallets, around the cushions on the chesterfield and the ashtray in the cars, --- don't have that much in loose change or indeed in not loose change.