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I'm of a different view Professional. The RNS part which is key for me is the following as in my mind they have now selected the acquisition target and hence they did this raise: 'combined with the Company's existing cash resources, are expected to provide the Company with sufficient working capital to enable it to select, negotiate and pursue an acquisition that would be considered a reverse takeover under the AIM Rules for Companies and specifically fund the required legal, financial, commercial and technical due diligence, including the preparation of the required Competent Persons Report and Admission Document to enable the Company to undertake an acquisition.'

We all got it by the Buffalo, but Muscles you can't say that the board did not deliver on a deal, because they did do a deal, albeit one with a binary outcome which I and others here clearly knew. Leslie has gone and now in my mind Larry, Mark etc will hopefully deliver another deal but in this case a smaller production deal, very different from a non binary play.

Has also spotted the uptrend https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-bulletin-board-heroes-july-26-3cc2df6/

of the recycling business will get more interesting and compelling by the year. TM1 is in the right space at the right time.

Bought some more. As mentioned before the upside from these levels should be good if you think as I do that Larry and Mark will deliver. Enough from me , time to wait patiently.

he know that Larry and Mark are very smart guys https://www.malcysblog.com/2022/07/oil-price-genel-san-leon-union-jack-rockhopper-advance-and-finally/

Today looks pretty good to me and the 70% CoS seems pretty high. although clearly nothing is guaranteed.

Agreed Steve. Larry and Mark are very smart and will pick the best deal with small production which will wash its cost in a year or so and generate cash flow with little risk. This will be step 1 and other deals will follow and we will gradually re-rate. It will be in my opinion a slow journey up but from such small market cap, say sub £10 even including the RTO raise, the upside from this level could be significant. Enough from me.

As they mentioned: "Over the last six months the focus of the Board has been on progressing the deal pipeline. Screening and due diligence has progressed and the Company is now focused on a select number of potentially value accretive deals with an emphasis on proven resources that are intended to provide immediate and sustainable cash flow generation.‘ Great as this is a clear indication in my mind that a deal will happen. A small asset with some cash flow and upside potential would be great for a company with such small market cap. Time to wait a little more before RTO.

Good afternoon Hms, like many I have taken a massive hit post drill. Had taken some profit before results but always knew that nothing is guaranteed when drilling a well and became too greedy and kept a lot of money in here. It was a gamble as we only had one asset and I was aware of that. I still hold all my shares as I truly think that the current board is very smart and will deliver an asset purchase this year as mentioned in the latest podcast and the shares will turn around, although it will take a few years and subsequent deals to get near to the previous valuation. Clearly at this mcap level there will be dilution and probably a suspension once a deal is announced as I guess they will buy something in excess of the current 1 mio mcap. My view is that we will start with a small deal which might hopefully see us doubling our money and build on that via subsequent deals. Time will tell if my take is correct.

last one from me and apologies but was referring to page 26 of the 2021 Full Year Results Presentation https://www.hurricaneenergy.com/investors/presentations

See 'Annual report' https://www.hurricaneenergy.com/investors/results-and-reports

Just had a look at the latest presentation. Time will tell but I find the slide titled 'going forward' on page 26 and the bottom section 'Mergers and acquisitions' very interesting as it might indicate where they are looking at seeking wise asset diversification and value delivery for shareholders file:///C:/Users/User/Downloads/2021_Full_Year_Results_Presentation%20(1).pdf

So let's say we have at least $75mio cash ie £62mio, produce at present (we know this will decrease slowly) 8,500 bopd x 365 x $50 ($90 less say cost of $40) = $155mio pa ie £129mio. MCAP is not going to stay at £166mio for long. The board is in an incredibly strong position and no wonder they mentioned 'well positioned to look for new growth opportunities'..... unless someone buys us before for the cash, production and tax losses; in any case the future looks very interesting.

RNS Concluded: I believe that Hurricane going forward is attractive to investors and well positioned to look for new growth opportunities. Our focus is on creating value for shareholders and we are being very rigorous in assessing which opportunities will best deliver that.

In the previous RNS on 19.7 they mentioned that following the repayment (now done) assuming oil prices remain at over $90/bbl, at the end of July the Company is forecasting to be holding net free cash in excess of $75 million (and if oil prices for the July cargo are above $110/bbl, the net free cash forecast increases to be above $85 million). Last monthly production was around 8,500 bopd; although the number might slowly decrease over time, I was wondering what our break even is to understand how much profit we generate at $90/bbl, as I would guess that we will seriously re-rate as we are generating profits, are cash rich, no debt versus a MCAP of only £150mio and have large tax losses (which could be very interesting to other players).

Agreed, excellent with massive pash position and significant monthly revenues. Future should be very exciting.

Now out https://www.youtube.com/watch?v=KiJ_gmwF-C8

Very good presentation by Shishir within limitations on what he can say in public. Message was clear around: They will not raise via equity at low levels, they are looking at alternatives on the downstream, Mozambique deal approval expected soon, working with multiple car and battery and anode material companies, but do not intend to be tied to one specific one. Various other questions addressed and a replay of the Q&A will be available.

Q&A PRESENTATION JUST STARTED