Member Info for senseman

I concur with Gloucesters's, Warren's & Persian's summaries:-
1. Oil will go higher. Because of this, we will likely see improvement of Gloucester's net of tax $55 barrel profit, up to $65 (see links - 2nd provided by Persian)
https://oilprice.com/Energy/Energy-General/Oil-Prices-Are-Set-To-Surge-Even-Higher-This-Summer.htmls)
https://seekingalpha.com/article/4513494-think-longer-term-here-what-happens-to-russian-oil-production-from-here-on-out
2. HUR now have NEDs 2 x oil experts, 1 finance expert & 1 tax expert. And CA expertise& drive as a dealmaker. In short, a well equipped 'fast-response' team. Now is the time for NEDs to earn their corn. CEO is weak link- ideal should be experienced dealmaker & inspiring RNS writer. World of difference between main SH banging the drum to interested parties & saying 'pick up the phone to the CEO for a chat - you have to speak with him' when the CEO is limp, and a dealmaker CEO banging the drum as he should.

I would not be selling at this level. The market will self correct over the next few days
Brent today $117 and still creeping up.
If Brent's new floor for a goodly while stabilises at $130/$135 (a fair chance), HUR net of tax would throw off same profit level as at present pre-windfall. So in 2-3 months could have same profit flow as current + new tax-paid-for drilling
and as cat says - always look at what profit HUR makes even with tax paid - perspective matters

Kooba's ADVFN post below likely precis's current situation accurately, given BoD advice is vote for all resolutions. Last year it was clear that at CA's discretion and with PI's support, CEO & CFO necessarily stayed as sole BoD remaining incumbents. This year is clear most PI's zero confidence in both remains. How then to vote, and when?

Re-electing Maris with noses held requires leap of faith that (i) it is CA's pragmatic wish (ii) underlying reasons are sound. CA being unable to communicate it's unequivocal view is an unavoidable complication. That said, at face value it is difficult to envisage full BoD support for Maris re-election being against CA pragmatic wishes. If it is CA wishes; given it is driving the train to raise SP, PI's owe support, however distastefully given.

The caveat being BoD disagreement due to CA BoD member being outvoted, but voting policy being that the majority vote is supported by all in BoD AGM voting advice to SHs. Black luck would then have PIs voting to re-elect Maris, to find CA (& other institutional SHs) having voted against the re-election. Historically, bigger surprises have occurred at AGMs. Also, even if all major SHs vote re-election, there (i) may be merit in PI protest vote against, so that BoD are kept alert (ii) PIs small voting % would not change result & CA would unlikely be offended.

Since AGM is 29 June & votes need be in 5 working days beforehand, I don't see anything gained by voting before we see June's monthly update due around 17 June. Much can happen in 3 weeks, June update & other RNSs may throw surprises, & today's windfall tax news may alter BoD & indeed CA metrics,. I intend to refrain from voting till circa 22 June.

The panicked & immediate reversal of Tory policy re windfall tax, designed to save Fat Boris's skin & Tories at imminent by-elections & next general election have likely thrown a curveball into both HUR's and CA's immediate plans, & given forums enough to chew over next few days in any event.

"25/5/2022
13:47 Yep agree on both points. On Maris,In terms of voting against Maris yes he was in position during the attempt to pillage shareholders but don't really get the feeling he was leading from the front. Maybe wrong , but he had duty to follow board agreed strategy certainly.He has , to be fair overseen a good operational performance by the company since appointment and i believe a safe pair of hands for current operations.He is not however well versed in the world of M&A..But in any transaction i figure the presence of CA and Kerogen will be protecting shareholder interests and can just about get something voted through themselves if they wanted as between them they have just under 50%.I imagine they are happy for Maris to continue in his role but imagine they are looking at ways of capitalising on the improved position of the company and maximising shareholder value and leave Maris to man the pumps. So doubt there will be a meaningful vote against imho.
koob

(cont)
The authority conferred by this Ordinary Resolution 9 shall expire on the earlier of the conclusion of the 2023 AGM of
the Company and 29 June 2023, but the Company may before expiry make an offer or agreement which would or might
require Shares to be allotted or Rights to be granted after the expiry date, and the directors of the Company may allot
Shares or grant Rights in pursuance of such an offer or agreement as if the power conferred by this Ordinary Resolution 9
had not expired.
Ordinary Resolution 9 revokes and replaces all unexercised authorities previously granted to the directors to allot Shares
or grant Rights but without prejudice to any allotment of Shares or grant of Rights already made, offered or agreed to
be made pursuant to such authorities.
Notice of Annual General Meeting
Part II
HURRICANE ENERGY PLC
3 Hurricane Energy plc
Special resolutions
To consider and, if thought fit, to pass the following resolution, which will be proposed as a special resolution:
Disapplication of pre-emption rights
10. To empower the directors, subject to the passing of Ordinary Resolution 9 and in accordance with Section 570 of the
Companies Act, to allot equity securities (as defined in Section 560 of the Companies Act) for cash pursuant to the
general authority conferred by Ordinary Resolution 9, as if Section 561(1) of the Companies Act did not apply to any
such allotment, provided that this power shall be limited to the allotment of equity securities up to an aggregate
nominal amount of £99,593.57.
The relevant authority granted pursuant to this Special Resolution 10 shall expire, unless previously renewed, varied or
revoked by the Company, at the conclusion of the 2023 AGM of the Company and 29 June 2023, whichever is the earlier
(save that the Company may, before such expiry, make an offer or agreement which would or might require equity
securities to be allotted after such expiry and the directors may allot equity securities in pursuance of any such offer
or agreement notwithstanding that the power conferred by this Special Resolution 10 has expired).
By order of the Board
Philip Wolfe Registered Office:
Chairman Ground Floor, The Wharf
Abbey Mill Business Park
Lower Eashing, Godalming
Surrey GU7 2QN

Recommendations
The directors consider that the passing of all resolutions will enable the Company to promote the success
of the Company for the benefit of all its shareholders. The directors will be voting their shareholdings in
favour of the resolutions and unanimously recommend that you do so as well.
Yours faithfully,
Philip Wolfe Registered Office:
Chairman Ground Floor, The Wharf
Lower Eashing, Godalming
Abbey Mill Business Park
Surrey GU7 2QN

HURRICANE ENERGY PLC
Notice of Annual General Meeting 2022 2
NOTICE IS HEREBY GIVEN that the 2022 Annual General Meeting (the Meeting or AGM) of Hurricane Energy plc
(the Company) will be held at the Science Suite, Royal Society of Chemistry, Burlington House, Piccadilly, London, W1J 0BA,
on Wednesday 29 June 2022 at 11.00 am for the following purposes:
Ordinary Resolutions
To consider and, if thought fit, to pass the following resolutions, which will be proposed as ordinary resolutions:
Annual Report and Group Financial Statements
1. To receive the Annual Report and Group Financial Statements of the Company and reports thereon of the directors and
independent auditor for the year ended 31 December 2021.
External auditor’s re-appointment and remuneration
2. To appoint PKF Littlejohn LLP as the Company’s auditor until the next Annual General Meeting and to authorise the
directors to agree its remuneration.
Election and re-election of directors
3. To elect Philip Wolfe as a director of the Company pursuant to Article 62 of the Company’s Articles of Association.
4. To elect John Wright as a director of the Company pursuant to Article 62 of the Company’s Articles of Association.
5. To elect David Craik as a director of the Company, pursuant to Article 62 of the Company’s Articles of Association.
6. To elect Juan Morera as a director of the Company pursuant to Article 62 of the Company’s Articles of Association.
7. To elect Linda Beal as a director of the Company pursuant to Article 62 of the Company’s Articles of Association.
8. To re-elect Antony Maris as a director of the Company, who retires by rotation pursuant to Article 64 of the Company’s
Articles of Association.
Directors’ authority to allot shares
9. That, in accordance with Section 551 of the Companies Act 2006 (the Companies Act), the directors of the Company
be generally and unconditionally authorised to exercise all the powers of the Company to allot shares in the Company
(Shares) or grant rights to subscribe for, or to convert any security or other convertible instrument into, Shares (Rights)
up to an aggregate nominal amount of £99,593.57.

thanks dive & mickey, was what i thought & now locked in brain. with hargreave it was done last year with message via message tab when logged in, so likely the same now. always asked for message back confirming been done. won't be doing mine till 7 days before AGM for reasons stated. guess forum will have serious discussion nearer the time - about next months update time would seem about right

dive - can you enlighten me as rather busy? if not, no need fret.
1. if one owns shares via provider eg hargreave, is voting only in person? or can one instruct provider to vote one's held shares, in same way one did with last years's votes when covid around?
thanks for any help.
ps. my advice if value to anyone would be not to rush and vote now. there is 4+ weeks to go and much may change or come to light next few weeks. time to get into gear would be, say, in 3 weeks time say 10 days before AGM

because RNS deliberately avoids telling us how to find the meat and two veg docs
go to hurricane energy website
click 'investor' tab
at far right see 'also in this section' list
click 'general meetings' - you will find 2 documents

contents - interesting

euston et al
guys you know me well enough to know i get your point. and will have noticed i have for a while given him a wide berth even when it's clear he is at it. however it's rather difficult when one writes something helpful to all and he deliberately misinterprets, just to have a pop. however much one leaves him alone, he just will not stop

by the way - i also wrote to comms recently, asking re AGM agenda. No reply so far

sound likely dive, in light of delay. if just 550K @ $108, less 8% off the top straight to Bluewater, would leave net $54.6 mill to HUR

simple - if i may offer in good faith a helpful suggestion. if i am able to ascertain that you exhibit classic signs of two clearly identifiable psychological syndromes, both ultimately rooted in insecurity and low self esteem, many other posters will have also noted this. in lay terms the best way to start countering this is to stop trying to be so sharp that one cuts oneself, and in the process alienating all
this is categorically NOT a personal attack. but intended as a genuinely helpful suggestion. my hope is that it is received as such

24/5/2022
20:01 certainly a full load was in port for 28hrs from 2022-05-23 16:11 LT UTC 2022-05-24 18:51 LT UTC tonnage in region of 70,000 maybe a bit more i reckon
laserdisc
at 7.5 barrels a ton indicated 525,000 barrels. and maybe a bit more

from miovace over on advfn - offload completed
24/5/2022
19:41 Petroatlantic now departing for Wilhelmshaven in Germany. Sitting 3.6m lower in the water than she was before loading started - that's a lot of oil in there.
laser on advfn will be busy at the moment working out the likely barrelage

simple - unlike you i have other interests. but it is rather sad to see you admit your post was designed to inflame.
two serious questions:-
do you suffer from inferiority complex?
is it still your intention to vacate your HUR shares if and when they reach 20p

simple - flying wasn't 'backing you up' - he was merely posting the latest update to the underlying hungry situation we are all aware of.
my 09.32 post said 'when....eu oil sanctions kick in .....' - which everyone save you understood correctly - save you.
jacqui at 10.40 pointed out the obvious meaning, and politely asked you to behave
please don't bother responding

...and you really should not have...

i repeat, simples, i did not say via nato
and you really not have pulled my post asserting that you were being pedantic

jabberwocky!!
eu will shortly embargo russia oil. with or without hungary. most likely with
sanctions will unwind over 6 months, effect will be profound

west will not allow world famine. safe passage for odessa grain shipments will be created. does anyone seriously think the west will allow itself to be destroyed by putin's 'back-door method'? by the greatest threat to global peace since WW2? usa, uk, the baltics (inc finland & sweden) & poland all know precisely what is at stake, and will not back away from being iron fist.

SP -will take care of itself. HUR has small 'free float' of shares - only 12%? is PI hands - when buying herd arrive over next few months, SP will fly - supply & demand

when EU oil sanctions/embargo start kicking in, and China Covid recedes, oil shortage and price increase will ensue. we are in the quiet before the storm period
https://www.reuters.com/business/energy/aramco-ceo-warns-global-oil-crunch-due-lack-investment-2022-05-23/

can't see moderator off own bat trawling through HUR threads, with hundreds of LSE forums
and simple says not me so for fairness have to take at face value
from memory johns thread just average impatience muttering re main execs - nothing to upset anyone
couple of posters always been in love with chief execs for inexplicable reasons so maybe them on a mission?
so watch & wait time - usually all is revealed in time