Member Info for senseman

We made strategic AGM errors, easily rectifiable for future. They are (+ will be others made):-
1. '10 FOREMOST SH QUESTIONS' emails should have been copied to NEDs. Instinct says unlikely have been given copy by comms, CEO, CFO or Chair. Better understanding of AGM SH angst if had seen. Better understanding how 'Presentation' did NOT answer most questions, despite SHs being told they would. NEDs better equipped to hold Chair, CEO & CFO to account at board meetings. Am sure some NEDs (for lack of info) still don't get how bad chief execs are.
2. Attending SH's (need 10 prepared to ask questions) need hold pub meeting NIGHT BEFORE AGM (if in morning), or MORNING pub meeting if AGM is pm. Small prep to get organised = great benefit. Questions can be allocated to each, pre-meeting and 'backing up' need locked into mindsets.
3. We should have asked Chair at commencement if NEDs had received copy of SHs 10 foremost question list. If answer negative, floor could have given copies to NEDs. NEDs would have been surprised to learn comms/Chair/CEO/ CFO had NOT given them prior copies
4. We could and should have then asked questions in strict email running order (ie run our agenda), rather than dip in and out of various questions as we did
5. We would then have been better minded and prepared with 'killer question(s)' eg 'Shares/skin in game - in 2021, If CEO & CFO had held £100K shares each. and NED's £30K shares each, would the restructuring plan have ever seen the light of day, given that all BoD would have lost 95% of shareholdings value?' The truthful answer we know would have been 'No'. The answers given would have been comical. I am peed off we missed that question.

Permission letters from brokers WERE needed (and kept by policing desk) + doors to meeting room opened ony 5 mins before KO with BoD already sat or platform. Normal or me being hyper - anyone with EGMS experience?

Juan Morera only NED who raised hand & spoke - stated CA not in business or owning or running oil companies - when BOO haranged CEO & CFO with (I quote)...' the pair of you are useless. you tried to give the company away last year and you are still at it now. you sit there smirking at us as if we were fools or scum. if you still aren't prepared to do what is best for the company, you should get lost and let CA take over and run the company'.

Apology to dflynch (flynchy) who attended, fired questions and came to pub. I knew my brain is frazzled. Boo had to rush off to pick up kids, we have since spoken by phone. Boo let loose a good few words of French at CEO & CFO (& Chair) - had to be tied down at one point

Having survived on 3-4 hrs sleep last few nights, I am about to lie down in a dark room for a few hours and won't be posting anything until exhaustion leaves me and some juice returns. Sorry, it's that or cry. A short precis is:-

AGM lasted 11 - 12.45
'Presentation' lasted 20 mins. 2 of 10 questions were addressed - P8 (new well),and (to some extent) the 'Plan'. Rest were ignored.
Attendance - lowish - but am told normal- the crowded town hall it was not
Having introd each other beforehand, half a dozen PIs fired question list as separate questions at Chair
Chair tried protect CEO & CFO from questions, tried wind up questions, failed. PIs returned with same questions and points. The Q & A was LONG,& UNCOMFORTABLE for BoD. No prisoners were taken
NEDS nodding along sagely with many PI points.
Main points gotten across
(i) lack of BoD alignment with SH interests/skin in game - made in spades, acknowledged by Chair, and promise to actively address
(ii) persistent poor mood music - espec persistent well 6 finished by Dec 23
(iii) lack of faith & confidence in CEO & CFO - Chair acknowledges point made

Platform was NOT a happy platform - serious earwigging - a few more attendees and questioners would have been serious fun time. But seriously peed off message WAS sent & RECEIVED - no doubt at all.

Meeting end - peeps split to speak with one BoD member apiece before they disappeared (were anxious - an upstairs BoD meeting?)
5 of us retired to nearby Clarence to compare notes - consensus - decent job done, espec main message
Hats off to DYOR2, Picsmaister, Boo80, cashburner, el19(Paul who spoke at both court hearings) + 2-3 others who disappeared before I could catch forum names who fired questions and did not give up when fobbed off
DYOR2, Pics, Boo, casburner and I were in pub. expect all to post thoughts when recovered and so minded, plus el19
Other unnamed attendees please post views when recovered and minded

Since no else has, and peeps need to know. I formally declare The Clarence pub, 4 Dover SE W1S 4LB, 2-3mins from meeting, as place where peeps who wish to may meet either before or after AGM. I intend to call in after the AGM.
But please do not forget to stay and speak with Bod after meeting before heading to pub if one is minded! Also, to arrive at meeting early to get a feel for place and talk to other SHs before kick off may be a good idea

1. Do not be afraid to ask questions - do not be shy
2. Spend an hour after meeting talking to execs - do not be shy

Do NOT leave wishing you had asked question or spoken to someone and did not

DYOR
Can't make Clarence pre meeting. But if want speak by phone before you set off this morning, or to arrange meet outside meeting place before meeting, message my backup email and i will email my phone peter02555@yahoo.co.uk

boo - emailed

someone good HL corporate pulled out all the stops and i now have required letter - most surprised
but i have it on good authority from past attendee 2 agms that entry not policed and that in 2 years they were neither asked for nor had to produce a letter, just walked in. anyone going without required letter i would take print evidence of current holding and give it a whirl with that if approached. if that dont work ask mr official to get ok from hur comms sec or chair inside building - how can they refuse?

there are 2 specifics i don't expect to be dealt with in presentation which i think crucial to both confidence & SP - one in 10 question list, one isn't. namely
1. alignment with SHs/skin in game (in list). - either CEO & CFO buy shares, or BoD with CA agreement agree reasonable performance related option package - so that chief execs have skin in game to influence positive decision making and industry sees this.
2. set aside BoD outdated RNS's position well 6 end of commercial life Dec 23 (not in list). cited and relied upon by all industry writers. state good till end 24 or even end 25 as per ca calcs. what company is going to buy HUR if well 6 economic production will end in 18 months time?
These 2 questions MUST be asked from floor if not addressed. All attendees please lock into brain cell and back up those who ask these questions.

DYOR2 - will try do likewise 10 or 10.15 ish. but don't shoot me if i no show - depends how late will close down work tonight

FYI
the friendly events lady at tomorrows location says nearest tubes are green park and piccadilly, approx 5 mins walk
she also says the usual meeting places are 2 pubs approx 3 mins walk away
the clarence 4 dover st W1S 4LB
chequers tavern duke street SW1Y 6DB
she says clarence usually preferred though takes no responsibility for info

I have a time date stamped message from HL stating my current HUR holding, so that should suffice.
It may surprise but I am by nature an exceptionally reticent limelight avoider until absolute needs must.
Tomorrow's priority is to give clear message on a few main issues. Not to have proverbial punch up. Hard but true.
Being pragmatic I am not adverse to a meeting up but how do these things occur? Were past AGM's held at same as tomorrow's & was there acknowledged meeting place? And was it before or after? 11 am start would seem to preclude before. Also, if one speaks at an AGM is normal protocol to state one's name before speaking?

advice received via private message from advfn member. no need peeps respond on here & clutter up forum. thanks

I wish to attend tomorrow but broker HL advised yesterday I was out of time for them to put me, as per normal requirement, on 'shareholder guest list ' and receive via Crest system the usual OK enabled them to message me an 'e-ticket' for entrance to AGM. Having not attended live AGM before, it is my error. Though a clear flaw is brokers being unable to automatically issue 'e-tickets' for AGMs when they know one is a SH. Why do they need the company's permission?
HL also advised I would likely be turned away, even if I showed proof of HUR shareholding, voting instructions etc etc printed from HL account, + matching ID.
Pragmatic question - does anyone with practical experience know how strictly entrance to HUR AGM is policed? And is proof of HUR shareholding etc etc + ID usually accepted to allow entry if one lacks the magic 'e-ticket' issued by broker? Or not?
Specifics in answers would help. Thanks

52 EMAILS (re shareholder 10 questions) minimum sent so far - so job is done

If anyone still wishes to email. the draft all have sent can be seen (and copied & pasted) below today at
15.55 & 15.57pm
Included is email address for sending, subject title etc
Though deadline was today, comms will certainly tell CEO how many emails arrived post deadline carrying same message. So effort won't be wasted. 8 am tomorrow morning Tues is a good cut off point to stop sending

mine was blueyonder - used same for years without probs (used to work with HUR up to court hearing time - I got response). But since they only 3 emails sent them and neither auto response nor reply. yet yahoo got auto auto reply today

The email address for sending is comms@hurricaneenergy.com
The subject header should read SHAREHOLDER QUESTIONS FOR AGM
The email is complete for copy & paste sending as is, save for the ending slightly truncated by text space. The cut off has been minor and can be typed in. The last question + sign off should read:-

"Does the company intend to invest the whole of any EPL sum otherwise payable as tax, in order to obtain 91% offset benefitting the company, rather than remit 100% of the sum to government as tax?

Yours faithfully
A N OTHER
SHAREHOLDER"

I will send mine 9am when alarm goes off (no sleep yet) in case peeps seriously unhappy with effort & choices. Sorry if anyone's favourite question excluded - limited to 10 with 'batching' where poss, and kept shortish for impact. I would SUGGEST all send precisely as is due to time constraints and need to get ideally 20-30 copies (more the merrier) to comms by 12.20pm deadline. Remember BoD obliged to address at AGM only if 'common request'. If peeps want amend, chop, add, I fully understand. But again repeat, the more identical, the more likely BoD obliged to address AGM. The first paragraph is self explanatory and establishes the position.
If send, please post have done so we have a running total.
Those attending AGM can print off and seek answers to any BoD leave unaddressed. Also Laser from ADVFN posted on here list of good supplementaries peeps can print off and take to AGM

Dear Comms Team

I ask that the below questions be directly addressed by the Board at the AGM. This request represents the collective wishes of a significant number of shareholders, arrived at following considerable discussion:-

AGM - 10 FOREMOST SHAREHOLDER QUESTIONS
Why has no apology been proffered, nor acknowledgment of any errors made, regarding the 2021 failed attempted restructuring which would have needlessly diluted shareholders’ holdings by 95%? It cannot have escaped the Board’s notice that that action caused shareholder confidence in the Board to evaporate. How does the Board intend to restore shareholder and investor confidence in it? What reassurance can shareholders have that such behaviour will not reoccur?

Do any Board members intend to purchase shares in the company? If not, why? It is commonly accepted that management with ‘skin in the game’ other than salary is more likely to be fully aligned with shareholders’ interests.

Given the most recent P6 well data analysis, until what date does the Board now consider P6 will be economically viable, on a ‘stand-alone do nothing further’ basis, with Brent priced at (i) $100 (ii) $120?

The 205/21a-6 well (well 6) was fitted with 2 ESPs. In March 21 the company switched from the lower of the two pumps in well 6 to the upper pump following a lower pump issue. Does the lower pump still provide backup in the event of upper pump failure? If not, does the company have a costing and % downtime if the pumps need replacing? In the event of unplanned failure, what contingency is in place to minimize production downtime?

When will the remaining outstanding bonds be formally repaid? Post repayment, with significant net cash plus ongoing healthy profits, what specifically will be the company’s strategy moving forward? In short, what is the company’s ‘Plan’?

Does the company intend to effect a sidetrack of well P7z? If so when, and what is estimated CAPEX? If a sidetrack (P8) is commissioned, is it intended thereafter to drill a water injector well to improve reservoir sweep, and at what CAPEX?

Will continuing gas flaring of well 6 risk extended production? If so, how is it planned to counter this? Also, in light of extensive data now collected, is there an intention to drill another producer well on Lancaster?

Is the company seeking to engage in a corporate transaction whereby it either (i) increases producing assets & relieves it’s single-well dependency? (ii) sells the company and obtains ‘fair value’ for it’s historic tax losses? If (ii) what fair value does it assess those tax credits at? And what SP value does it currently place on the company in the event of a sale? Does the company plan to market itself for further investment? If so, how?

Does the company plan to issue dividends, either special or regular? What is OPEX and well 6 flow rate as of today?

Does the company intend to invest the whole of any EPL sum otherwise payable as tax, in order to obtain 9

By 12.30pm deadline 42 emails re 10 questions sent (LSE + ADVFN) - so JOB DONE
Some received no auto-reply. But did when resent from alternate email. Advice - send from alternate email if no auto-reply received
By 3.50pm 47 emails sent today
I will repost original thread of draft email couple of times throughout rest of today - I would encourage those wishing to email to still do so if minded until say, 8 am tomorrow morning. This is because thought deadline was 12.30pm today, all emails are identical & comms will definitely tell CEO/BoD of numbers received in total by tomorrow 8am. So more emails make bigger 'statement' & effort not wasted