Member Info for senseman

flynchy
wonderful wordsmith job - wonderful - knew you would step in
that's 6 emails and counting
fellas - a bit of variation and more detail is great. but not many can be as erudite as flynchy (who can be?)
so remember - a short 4-5 line email, or a copy and paste of mine, is fine
important is to get SOMETHING sent

winnie
well done - gold hero star for you also
that's 5 emails and counting
please guys, keep them coming
imagine what $17 million extra in HUR kitty would do to SP

astral
good man, that's 4 of us already
guys - if email, let forum know.
let's see if we can get up to a couple of dozen minimum, even if takes couple of days
need give john wright & david craik enough shareholder support ammunition to work with

biggy
good man
and thanks for reporting it - will encourage others
fellas - come on - it's step up to the plate time once again..)

Daltry
Well done. The 2 questions I would put to forumites are:-
1. Do you want to know if bad guys did bad things? Rather than be forever wondering
2. Would you like to see HURs coffers boosted by $17 million? Poss more if serious naughties re failure to buy back bonds
unearthed

If so, SEND EMAIL. DO NOT expect CA to do everything - they are not magicians. DO NOT leave it to other posters to write. DO 5-10 mins of grunt work and SEND EMAIL. Leave squabbling with bb or other loonies till after email has been sent

I have today sent the below email to the 2 HUR Non Executive Directors, namely John Wright (Chair & NED), & David Craik (NED). Their email addresses are -
john.wright@hurricaneenergy.com
david.craik@hurricaneenergy.com
The Company carries Director & Officer Insurance. This would be triggered should malfeasance be found, and $17 million (or more) potentially recovered from the insurer and/or any former or present director.
An investigation would also give many long term shareholders (many of whom have already lost large sums and experienced huge stress) peace of mind ascertaining & understanding how and why events occurred as they did.
The Forum worked wonderfully before in achieving what was required, via concerted email campaign.
Please can people take 5-10 minutes to send a similar email as below - send as is or amend as considered appropriate
Please can people post when they have sent an email. This will encourage and hearten others to do similar.

"Subject: In Support Of The Crystal Amber Fund Request For Investigation

Dear Sirs

I write to support The Crystal Amber Fund request that a committee (comprising the non-executive directors) be established with a mandate to investigate certain matters. Principally (in lay terms):-

1. Why Bonds were not bought back until August 2021, at only a discount of 22%. And not at any earlier time, when a discount of up to 70% was available

2. Why circa $17 million was expended on a restructuring plan which the High Court rejected out of hand.

Yours faithfully
(Name)
Shareholder"

wordsmiths - remember how effective en-masse writing was 4-5 months ago?
sadly - we need another one- urgently
the forum thanks and a hero start for whoever steps up
please can someone read CA yesterday note - and write a sample email which peeps can forward (amended as wished) supporting CA's request for investigation of (make it accurate/precise re what CA requested).
suggested title as above
Emails should be sent to both new board members .e:
john.wright@hurricaneenergy.com
david.craik@hurricaneenergy.com
NOT to HUR comms
the board is split 2 new good guys v 2 old bad guys (Maris & Chaffe). However John Wright is Chair & holds casting vote.
A raft of emails next 2-3 days supporting CA's request will enable Wright & Craik to say - there is large shareholder support for this.
Goal - $17 million costs recoverable from company Directors insurance (I forger exact title) if malfeasance unearthed. Plus the truth re the 'Plan' and extent of collusion between BoD & bondholders etc
I have a huge work deadline causing me nightmares so cannot do myself for a while, sorry

ngrrr
you know senseman's policy - he does not engage with canary ramping vermin

The RNS contained no information not already known by the market. It was not required, and dangerously misleading via scare tactic

Have a nice day x

schlemy
CA would have yesterday called for a 12 month extension because by then bonds repaid and bondholders gone - easier then to do longer term deal. Trying to get longer deal done now navigating around Maris, Chafee and bondholders all playing silly b*ggers I imagine would be nightmare

schlemy
they will be in touch with bondholders and still scheming against HUR's legitimate progress

The greater danger is what damage could be done by the 14 Oct 6 monthly report, should it be written with similar self serving and HUR SP maliciously destructive intent.
I did not know that an RNS could be written by a CEO and issued just by OK ing it with the NOMAD, without any board agreement or authorization. Perhaps those in the know can confirm this or elaborate

Apology - error - should read 'Today 29.09', not 'Today 30.09'

Apology
Error - should read today 29.09

Yesterday 28.09 - CA Annual Report (ref HUR) says 2 things:-
1. Production & oil price higher than projected
2. CA write to HUR requesting Director led investigation into why Bonds not bought back at circa 30c, and thereafter not until 78c, and why $19 million squandered on abortive restructuring 'Plan', 'Scam' etc. Rational - HUR has Directors & Officers insurance cover which could be triggered if malfeasance found - shareholders poss entitled to circa $17 from insurer
RESULT = SP rises dramatically

Today 30.09 HUR CEO (Maris ) issues RNS 'production update', says 2 things:-
1. Production at upper end of projection, oil price higher than projection
2. Reserves & production capability so fragile that production may end tomorrow, or by 22 July (bond repayment date). No explanation given; previously estimated & published Feb 2024 Well P6 end of commercial production date not mentioned
RESULT - SP price crashes

Two (2) things will hugely & endanger embarrass Maris & Chaffe
1. Investigation unearths previous BoD (including Maris & Chaffe - the ringleaders) malfeasance
2. Share price rising dramatically - evidences how deviant/corrupt/misplaced/ ill-advised Plan/Scam was

SENSEMAN#S TAKE
Today's unnecessary & destructive RNS a message (from Maris& Chaffe) to RB of Crystal Amber:-
1. Do not press further for investigation. We retain the power to write RNSs which can destroy any legitimate SP recovery.
2. We not allow the SP to rise at a rate which makes us look corrupt or stupid so soon (3-4 months) post the court hearing.
3. You cannot fire us. If you do, you have only 30 days to find a new CEO & CFO in order to continue HUR's AIM listing. We know you cannot achieve this within 30 days..

Comments on a postcard please.

PS. senseman has a serious question - do RNSs require board clearance before being issued? Or can CEO write and issue RNS whilst in a bad mood and with half a dozen whiskies inside him?

lowflier
wishing to avoid time wasting argy bargy, i omitted what i thought the SP would actually be

Hanman report valued HUR (pre scam attempt) @ circa 10p mid Covid with PoO on it's knees, & post HUR BoD resource downgrade
So emotion aside, 10p should be start point
Add to that PoO now exceptional $80
So how long is the piece of string?
By end Dec if PoO stays anywhere near current level (or even if above $70), market will know HUR will have full bond money months (up to 5-6) early. What value a debt free HUR with nearly 5 million barrels extractable barrels still in the ground until P6 becomes uneconomic.
My view - surprise & disappointment if HUR not 10p by end 2021. Not surprised if 15p+
The Phoenix was standing up amidst the ashes. Now it's wings are flapping. It sees the sun and wants to soar

Flynchy - quite agree - keep one's friends close, keep thine enemies closer.

consider this - bonds at 30c in $ mid Covid - in lay terms buying bonds (debt) back at 30c in $ would have been same as selling oil at S100 a barrel, eg spend $50 mill, debt reduced by $150 mill, only $80 mill debt remaining
before peeps line up to shoot me, i know all the parameters
but essential message remains - buying back bonds at two thirds discount gives same financial results as selling oil for silly money per barrel
the size of the opportunity missed is staggering
and pound to a penny post court hearing early july bonds were 50c is $ and CA were still pressing to be done asap.
yet still chaffe and maris delayed till mid/end aug - undoubtedly still at it chinwagging with bondholder mates to get bond price as high as poss (78c) so bondholders could get the most bucks

The written minutes will be sanitised garbage. Unless they were clinically stupid. Which they were. Mistakes will have been made and document trail will evidence these

A good Cuban, glass of red, quietness and time to reflect
A good woman who appreciates the beauty of silence and knows when to zip it and smell the roses
And HUR above 4p

https://www.forexlive.com/news/!/goldman-sachs-hike-its-oil-price-forecast-from-80-to-90-20210926