Member Info for senseman

Somm
Good idea
But better would be if was mechanism whereby SHs could give CA proxy to piggyback their evidence (they are shareholder).
I will try and email CA and enquire when have time. Perhaps couple of others can also
RE where to send evidence etc(court), I would not worry till nearer 9 June. Plenty of time for peeps to find out from court

RNS just issued - so ignore my post

People should immediately email BoD members with the below (or varied) email, ie:

'Dear Board Member
On Friday 21st May Mr Justice Zacaroli ordered the Company to convene a Shareholder Meeting. This is price sensitive information, requiring an RNS. Since Friday's Order, the share price has risen dramatically. Please provide explanation why no RNS has been issued, and inform me when one will be. I look forward to hearing from you..
Yours faithfully
etc

send to
antony.maris@hurricaneenergy.com
richard.chaffe@hurricaneenergy.com
teven.mctiernan@hurricaneenergy.com
sandy.shaw~hurricaneenergy.com
beverley.smith@hurricaneenergy.com
comms@hurricaneenergy,com
david.jenkins@hurricaneenergy.com
john.vanderwelle@hurricaneenergy.com

Comms from Hurr BoD bunker - as well as heart attacks occurring over whether a sanction hearing date is available before EGM must be held - all BoD members reported to have gone grey overnight at having to decide whether to publish annual results in planned fairy tale form, or whether to dial down the porky-pies NOW IT WILL SCRUTIZED AS CLOSELY AS MISS WORLD'S ASS.. Local Pizza Hut (nosh) and Chemist (strychnine supplier) reported to have run out of supplies

I also have a silken ear to the ground and can say with certainty that (i) CA wrote to the Court and Judge took careful note of content (ii) shareholder email number was exceptional and Judge took careful note of content. I maintain my long and firmly stated opinion that the Court will not OK the restructuring plan.

Swaggy
Of course, CA of course will take that approach - was writing just for forum to make the point
As example, on Friday whilst in the mood, I got the calculator out. At $70 and 11K barrels a day between now and July 22 cash receipts would be $350 - at a stroke bond repayment is sorted with distance to spare. Whereas Hurr project $249 million cash receipts. And that is before forensic analysis of accounts uncovers any other sleights of hand

it's called attempted legalised theft

At Friday's hearing bondholder's Counsel stated Hur's cashflow predictions based on Brent future prices - in his argument the most reliable industry expectation of future oil prices. I say this is B*LL*CKS and thus Hur cashflow projections B*LLS.
Oil futures are priced to take into account timespan/cash locked in/risk element/profit element. So typically, even in bull market, the further ahead in time, the lower price the futures option, Eg, today Brent Sept future's option is $64.8, Dec is $63.6. Yet most industry price predicters put Brent at $70+ (or even $75+) as economies recover & supply is squeezed. Add to this Hur's predictions were made using date quickly outdated by Brent's continuing recovery.

Hur's forward curve financial projections, based on Brent futures (completely the wrong metric to use) and time-expired oil price data are, in my view, deliberately skewed by circa $10 (give or take) and are thus HOGWASH

Serene Sunday all - serene because shareholders have not been disenfranchised - thank you Judge

Peeps
Emails to individual directors should request that Shareholder Meeting (to vote on 'Plan' and ordered by Judge) and EGM be joined together, not AGM & EGM. So be careful with wording

SUMMARY
1. Shareholders rights ARE affected by Restructuring Plan (Hurr submitted they were not, under Emergency Covid)
2. Ergo, Shareholders have right to vote in Shareholder Meeting whether to accept or reject Restructuring Plan (Hurr
submitted they did not, under Emergency Covid)
3. Ergo, Order that Hurricane Energy convene Shareholder Meeting by 11.06.21, for vote purpose
4. Original 11.06.21 final 'Sanction' Hearing Date (where substantive arguments re reasonableness or otherwise of
Restructuring Plan are argued, also Bondholder & Shareholder votes considered) be vacated. New date to be set by
Court pursuant to Court calendar being examined.

Mr Justice Zacaroli
Prepared, erudite, listener, adroit questioning of Hurr QC. Clear grasp of wider issues. Made clear shareholder emails reviewed & considered valid

Hurr attempt to utilise Emergency Legislation
Deftly rejected by Mr Justice Zacaroli

senseman
Attended Hearing via Microsoft Teams

UREGENT TO DO (By Forumites)
Read Posts:-
senseman: 19.43pm (Friday 21.05.21
hasiba: 20.03pm (Friday 21.05.21)
21.36pm (Friday 21.05.21)
Write if so minded

hasiba
thanks - and good idea to include it at top

aduk
judge did not say EGM must be called. Read my earlier posts

Adrian - NO - judge made clear today was procedure etc only. But crucially he recognised shareholders rights, hence they are entitled to be consulted by Hurr, the same as the bondholders have a meeting to vote on Hurr proposals. He made clear the NEXT hearing date was when when he would rule on the substantive issue -to allow the restructuring plan or not. It is CRUCIAL the BoD are pressured to hold the Shareholder Meeting and EGM same day. If they are requested by CA, and pressured by shareholders, and refuse, the Judge can take a view re that at the crucial 2nd hearing

Adrian, thanks. Hate skullduggery. If you know how, please can periodically repost my 19.43 post so keeps reappearing at top. Afraid dont know how. I believe it's important - as Bod are likely to be considering still having the EGM after the crucial 2nd hearing (date still to be set by Court)

My error - should read antony.maris@hurricaneenergy.com

URGENT
The Judge ordered the Company to convene a Shareholders Meeting by Friday June 11th to enable shareholders to vote to support or reject the Restructuring Plan. He did not have the power to order when the EGM be held. I imagine that, as a priority, CA will now write requesting the BoD to combine both meetings as one. Our job is to support CA. I urge forumites to URGENTLY write a single email, copied to individual BoD members, before the BoD set a date for the Shareholder Meeting which will NOT include the EGM. The email I have sent is:- (forumites to vary as consider appropriate):-

' Dear Board Member
I write as a shareholder. I courteously request and urge that the Shareholder Meeting ordered by Mr Justice Zacaroli, to take place by June 11th, be held in conjunction with the Requisition General Meeting sought by The Crystal Amber Fund, ie: that both meetings be joined.
Yours faithfully
etc

send to
antonymaris@hurricaneenergy.com
richard.chaffe@hurricaneenergy.com
steven.mctiernan@hurricaneenergy.com
sandy.shaw@hurricaneenergy.com
beverley.smith@hurricaneenergy.com
comms@hurricaneenergy.com
david.jenkins@hurricaneenergy.com
john.welle@hurricaneenergy.com

Sinden - No. It must be an email specifically requesting to attend the virtual hearing. Since the date for that it not yet known, do not write to the Court now. Will just annoy the listings office and clog the file. Leave requesting until a few days prior to the hearing date when known. DO NOT WRITE NOW

Well said, Legal Eagle 15.00 post, well said

bora
well done.
if have phone number, try phone in a week see if been allocated to case officer? often works. if get case officer can speak by phone and email directly if no phone number, can do no more at present

Well done all who wrote to agencies and court recently. And to brave souls who spoke eloquently today. Judge clearly well prepared with good handle on case and detail

hasiba - please if poss repost post re email address to write to, every few hours over weekend. People still need write to agencies etc and Hurr BoD. Be good idea to delete court contact details for time being?