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Sense man
You clearly don’t want to believe these figures signed off by the NOMAD, pwc, ERCE and all their lawyers...are they all colluding with the BoD?

I thought it was more condescending to be honest...

What is "denial?"
It's a river in Egypt."
There's another meaning of "denial" in psychoanalytic theory: A psychological defense we all use at times to reduce our anxiety when something feels particularly disturbing.
Finally, there is a particular type of "denial" we are witnessing nowadays: When seemingly intelligent and sane adults vehemently deny truths despite a body of irrefutable data.
This type of denial is akin to Stephen Colbert’s “truthiness” in that these deniers adamantly refuse to accept verified scientific facts because they get in the way of their own rigid ideas.

"I'm not a corporate lawyer." clearly...

1. Not being informed of the lock in agreement and technical default? - you and all other shareholders were informed once it was signed as a matter of Law under the MAR regulations..." as soon as is practicably possible"
2. Not being asked for approval on the restructuring plan? - because as a shareholder of a company in financial difficulty you're not entitled to vote.
3. No option given to shareholders in the last one year for raising of funds or averting the impending doom? - when did you expect to be offered the opportunity to invest more in this company, before the Kitchen sink or after?

"However, actions of the BOD could contravene the Fraud Act " interesting, please do explain how PwC, ERCE, Stifel, Evercore and their legal departments all missed this "fraud" ?,
What exactly was the fraud (in legal not emotive terms) in your mind?

Capex $22mm Opex $153mm G&A $19mm Interest $20mm over 15 months
Add all that up and its $431,000 per day to run the system, at 9600 bbls/day average each barrel costs $44.90 to produce.
Its just maths...

Here are the figures from the presentation put in a form everybody should understand:
Total Capex/Opex and G&A from Q2 21 to end Q2 22. $194,000,000 plus $20,000,000 interest payments
Average production rate for the WHOLE period 9600 bbls/day.
Net Revenue i.e Gross revenue minus the above at $60 is $45mm, $65 is $66mm, $70 is $88mm, $75 is $110mm
Even $75/bbl doesn't get you there.
The cost to produce a barrel is $45.
This is before you deal with abandonment provision and early termination fees etc...
This isn't rocket science... not auditors would sign off on this...

Hasiba As much as you want to consider what if the oil price is higher, thats not the way business decisions are made.
Telling shareholders we're not a going concern but as long as the ESP's stay working and the oil price goes up we'll be fine...

Hasiba:"
Current oil production is 11600 bpd
Current oil price $68.5 pb and predicted to go higher
And we are heading into insolvency.......Eh`"
The production rate will decline over the next 12 months..profitability declines because most of the costs are fixed...
From start of Q2 21 to End Q2 22 the company has to spend:
1: Capex $28mm
2: Opex $153mm
3: G&A $19mm
4: Interest $20mm
5: Decom $40mm
Add in Early termination fee to AM etc and you can see why you can't just take the production rate and multiply by the current Brent price and add it to $127mm. Its all spelled out in the presentation using an oil price of $64 or so....
You may not like it but this are the hard facts.... they will not have enough to repay the Bondholders, even at $64...

“ HUR board have everything to loose including their jobs and reputations here if this proposed scam falls flat/fails in the Courts.”
Their reputations are already shot, especially those who were around the longest and were supposed to oversee the CEO and Technical stuff. I’d put money on the fact that many of the NEDs would leave tomorrow if they could, the pay is irrelevant the reputational damage is done...the only positive is the need for them to show they saw it through not walked away in the middle of the clusterfk...The exec directors are ill suited non has any direct public market experience in managing news/shareholders/debt holders.

Perhaps you’re looking at the wrong board?
Your refusal to engage in rational debate rather than simply making childish allegations is what everyone can see. You bring nothing to this board to enable folks to better understand what is actually happening and the options available and why they got into this clusterfk in the first place , you may not like what I am saying , but it’s based on fact, and you can ignore it, but it seems you are unable to do that. And perhaps that is the most telling thing if all, you have no answer other than “it’s a scam”.....

“ a forum is meant to be a place of sanctuary, a place for quiet exchange of views, learning, crying, weeping, commiseration.” Maybe what you need is a few hours in the shed with a box of tissues and a zoom call with your conspiracy scam mates...

Ah sense man I knew I’d get an answer out of you eventually as the reality and facts eventually sink in.
“ It will require an incompetent and/or negligent and/or corrupt judge to rubber stamp.”
So if it is passed, as it will be, because the law is quite clear then you’ll be claiming a corrupt judge... oh dear you really are losing the plot-
Corrupt Board
Corrupt CPR
Corrupt PwC
Corrupt Nomad/Broker
Corrupt Legal advice and finally now
Corrupt Judge.
Get a grip man...
-being a hapless bunch of directors asleep at the wheel whilst it crashed into a wall with $230mm of debt is not actually a crime, it may be regrettable, it may be infuriating, but the shareholders re elected this shower every year...once the company crashed the ability to do stuff was severely limited, and this is the result...

Adrian, admire your tenacity but:
"CA need time to mount a legal challenge, and a forward plan. They won't release information until there case is legally binding." you mean legally coherent, it can't be binding.

"I expect them to offer the judge a forward plan that is beneficial to shareholders and bondholders long-term. "
Bondholders cannot by law be made to accept new terms unless the company is put into liquidation, it is not the Bondholders who are in financial difficulty its the company. Liquidation will not return anything to shareholders and the Bondholders know that. Outwith of a liquidation or administration a judge cannot enforce a plan on Bondholders only on shareholders, Bondholders are always ahead of shareholders..

"Possibly pointing out, the board deliberately ignored there communication, clearly breaking AIM Corporate Governance rules. "
that is only your assertion, the company cannot speak with individual shareholders and disclose anything that is not currently released to all shareholders, any meeting will be chaperoned by their advisors and if CA wanted to hear more they already knew (clarifications are ok) they would be wall crossed- made insiders, companies don't usually want that because it stops them trading for an indefinite period. The question they should ask CA, is did they offer to speak to you but insist you were wall crossed?

“ Not at all, Tranny. Just old and wise enough not to be manipulated by scammers”
So does this mean you were never a Hur shareholder?
or did you fall for that “scam”.
LMFAO

You seem incapable of answering any questions, even with a yes or no... I guess you've taken the 5th...

Senseless:
Do you think Stifel are also part of the scam?
Yes or No...

Senseman... PwC Yes or No?

A simple Yes or No would do... didn't appreciate it would take you "a long timespan".
The more you bluster, the more folks realise your just talking cr@p...

Senseman:
Lets keep it simple, one question, one word answer will suffice.
Do you think PwC are colluding in the Scam to present incorrect assessments of the options: Yes or No?
If YES, then you might want to take legal advice, if NO then where's the scam?
Or is this too difficult too answer too?