Member Info for senseman

After posting full RNS, below is Malcy's comment. We are clearly the 'and friends' (both CA & we were heroic). But I must visit Malcy's planet if he thinks his blog did ought (it didn't). Malcy and/or his blog did sweet FA. In fact he disappeared like a *** deserting a sinking ship and failed in any ethical 'duty of care' to readers and oilers. On the upside, today's 'exciting' comment is welcome (bless him). The famous pie eater loves to jump on racing certainties

"These figures should be considered whilst you think that only seven months ago bondholders were being told that they would be out of pocket to the tune of over $100m. Indeed if it wasn’t for Crystal Amber and friends, and the blog the equity holders would have had over 90% stripped from them.

Hurricane is on the mend and with production and reasonable oil prices, has scope down the road that the market has yet to dream about, surely at 5.66p it offers really exciting value."

michael - you could invest 9K now, it would not be unwise. all you need is 17p to recoup your lost 18K. Many of us here believe we will see 17p again, espec as CA clear goal is to maximise SP within (I would say) next 12 months. even at 11.5p you recoup 9K of loss. it's a very fair risk IMO

Divey - was thinking that. B/holders could refuse early payment in full incl interest till end of term, just to keep legal interest in HUR in case of black swan event. Would this thought be legal? I doubt it. A judge would rule the basis of bond deal was financial ie certain monies for certain time on certain terms. Not as trojan horse to await black swan event. If HUR offered full money + full interest (till term end) I do not think it could legally be refused

apology
for 'smile' should read 'slime'

just a thought - doubtful but possible
possible that whilst bonds still owed, holders may have legal say entitlement to ok or fight AM extension. i do not know.
it may be legally simpler for HUR & BW to wait till bonds all paid (likely early april post end march offload) to sign deal
do not think matters much either way in which order - think more likely BW deal before bonds all paid. both now inevitable
the BIG question is - which will be bigger party day for us SHs (emotionally, not SP rise) - BW deal or bondholders gone?
for me, will be day (20 expletives) bondholders gone. that day i will spend £40 on bottle of 10 yr Laphroaig, £40 on 2 big Monte Cristos (huge spends for me), lie on the sofa, shed a few gentle tears and get well and truly peed. cathartic i hope - much of the angst, stress and worry of historical events to wash away with smile gone, and only the chief execs left to rid HUR of - a far easier task. i hope to wake up a new man
so apology now for crap i will write that day

at current slow depletion rate well 6 would still be pumping nearly 6K bpd in Feb 24, at $80 oil generating $200 mill pa gross cash. hence CA prediction commercially viable till at least Feb 2025 currently looks sound. And from now till Feb 24 circa $700 mill gross cashflow likely to be generated
that is circa $900 mill cashflow, deduct all production/ running costs and one is still left with huge profit sum.
remember every 240 million profit adds 10p to SP
and the above on a 'do nothing further' basis

let's hope Energy Voice wade in with good write up re today's RNS

littlened - thanks - got free weeks trial so have read
can't post it here as has (as will yours) email address stamped all over & not to be released to any other party
it is full year 2021 trading update, so cautious relying on HURs own figures since uprated by CA & accepted more realistic
despite this gives unrisked SP 31.5p, risked 7.7p
ergo fully risked end 2021 SP valued 7.7p on HURs rubbish figures incl 8-38 million end july free cash post bond payment
so if current correct figures/ projections applied would be much higher

thanks golden
so will be +$30 mill clear free cash 31 march if we get $90 - very possible

littlened - joined research tree but appears need to still pay upgrade fee to access any arden research notes. am i correct?

it's 500 quid a year membership fee to see any HUR as HUR aren't Arden clients - just phoned Arden
pity
does any kind rich LTSH soul have access to Arden note and can cut and paste, or at least cut and paste relevant best 1-2 paras?

we shall see
your projections are even worse than HUR BoD earlier projections which have already been discredited
back to your jelly molds

at the current better than expected depletion rate, well 6 should still be producing circa 9200 bpd end July, NOT 7450 bpd as a depressed canary posted earlier today

littlened - where is and date of note? can you post link?

$32 million net profit from 1 offload
85 - 3 (tax rebate) = 82 - 50 (previous net cash) = £32 million (Brent $81)

31 Jan 2022 - ZERO debt + 9500 bpd!!!!!!
MONSTER offload
happy day

hur also have to pay ca's legal and expert reports costs. so given 17 million was just estimate (rarely kept to) i recking 20 million wasted nearer the mark

and senseman's daft...but not that daft..!

https://oilprice.com/Energy/Energy-General/Energy-Stocks-Are-Still-Undervalued-Despite-Massive-Oil-Price-Rally.html

https://www.reuters.com/business/energy/tight-oil-market-could-see-prices-hit-125-q2-jp-morgan-says-2022-02-14/