Member Info for Slift

Knowing HUR, they'll try to drag it as long as possible so each month they get their paychecks.

But realistically speaking, the finance has to be in place before rig is contracted.
I'm expecting drill to start end of Q2/early Q3.

Finance agreement will also have to include a shareholder approval likely. Expect everything from CPR report, funding, approval and likely rig contracting to happen by end of Q1.

So refinance/funding to be announced within the next month or so maybe?

Thoughts?

"increase in reserves based on the CPR"
Yeah, I don't see this happening. You can't just get a "reserves increase" based on CPR.
Reserves are based on production and the implemented actions.

Could see an improvement on resources from CPR though.

As for dilution... PI's will likely suffer the most.
I've demonstrated this previously, but only winners (if any) here will be CA, Kerogen and bondholders.
Expecting them all to hold between 25-30% equity here following dilution.

With PI's left with c. 10-25% of the shares following dilution.

Have you seen the posts here, most just repetition to lure these naive newcomers in.

Usually starts with "Agree with the consensus" and mentions the following sentences in every post:
- "very positive update for this incredibly undervalued price"
- "The most recent update is very encouraging following the "kitchen sink" that happened months ago"
- "Tide is turning for this substantially unexplored assets"
- "The "Fair Value" is incredibly higher according to this site, which puts fair value above major peers"
- "MM/general manipulation is the name of the game"
- etc.

Whilst share price has continued to slide. It's laughable really.

"That’s what investing is all about, split your investments you win some you loss some."
Luckily, I didn't take a big hit, and have since recovered ALL by investing elsewhere. (and a subsequent 10% profit here as Dickbat likes to point out)

"let people make there own mistakes or fortunes."
And sure, i'm NOT TELLING people to buy or sell. Only providing the risks here so new investors aren't deluded.
You should know about risks from your investment in INTU.
And from reading your past posts, I can promise you that HUR will not be "30p within weeks" nor will it ever be 30p without a share consolidation.

"So you lost money!"
Lol, hasn't everyone on this board lost money though?

lost and recovered*

Buckles,
Sure, I could be wrong. I'm only highlighting the risks.

y11-shx,
I'm an ex holder, with no position.
I'm here because this board is toxic af with deluded rampers. Setting them straight for new investors.
It's good that you understand and see this as a big risk, which many do not.

As for this: "are you waiting for a cheaper price or more risk or are you waiting for less risk and a higher price?"
Neither. There are other companies out there that could potentially provide more returns for less risk.
Especially in the current oil market and industry.

y11-shx,
Nope, I see this as a VERY RISKY stock and have no plans to investing here in it's current state.

"posting negativity"
Not negativity. Just realistic and facts.
Some here really believe that posting "positivity" here will increase this companies share price? That's what I call deluded.

As for HMI, my position is LESS than 5% of my portfolio, but it's a good story to follow. "Right product, right place, right time".

"GETTING MORE DESPERATE, AVOIDING ISSUES, WRITING RUBBISH. MEET ME !!!"
Thought it couldn't get any worse. Now CAPS too! Is that meant to help you relieve some of your anger?

"yes after it,say where you miserable twit."
Imagine being this triggered because of annonymous members providing their opinions on a forum.
Very unstable.

"choose grammar and you will get done for MURDER"
Lmao, would really be grammarcide. Exploded brains.

"meet me at your named place, I will put some sense in you."
LOL, lockdown bro.

Also Proactive Investors:
"In the near term, Hurricane is seeking support from its stakeholders as it wants to raise around US$60mln of new capital to invest in a new Lancaster well, slated for drilling in 2021.

It will shortly start talks with key stakeholders and convertible bond holders in relation to the funding of and/or the necessary support for the proposed development options.

In regard to the impact of possible funding measures, Hurricane cautioned: “It should be noted that there is a risk of dilution to existing shareholders from a possible restructuring and/or partial equitisation of the convertible bonds."

https://www.proactiveinvestors.co.uk/companies/news/936959/hurricane-energy-shares-slump-as-dilution-looms-bondholder-talks-imminent-936959.html

To me, that sounds like $60m dilution to fund the drill PLUS a partial debt for equity swap to get the bondholders support on board.

The warnings are all there. Just don't cry when it happens lol.

mjga786,
You sound angry. Very angry.

Could it be anger towards the BOD directed at us?
Afterall, I see you've been here since HUR was 9p.
I'd be angry too if my investment went from 9p to 2.5p..

"Now if a well respected investment firm such as Hannam & Partners think there is potential [...] then why do some on this board think that we are close to the abyss?"

*Well respected and paid for by HUR.
Hannam are one of several firms paid for by HUR to provide an investment note after every update.

But if you look at previous Hannam notes from previous updates, you'll soon start questioning their credibility.
Hannam have always provided positive notes for HUR. Even after watercut, production decline, resource downgrades, reserves downgrades and now dilution.

*Risk = Frequency x consequence of failure

You mean those that are realistic vs those that live through rose tinted glasses?

Dilution to fund future works DOESN'T mean that the share price will NOT recover afterwards... but combine it to the risks (as mentioned a few posts ago) makes it very very risky with little chance of success.

So sure, keep being positive, hopeful, and looking through rose-tinted glasses for that small chance of success for a great SP recovery.
But chances are, unlikely (due to just the number of things that could go wrong) and you should be more realistic than hopeful. Especially when you have a lot of your life savings invested on a risky game.

Risk = frequency x likelihood
Murphy's Law = Whatever can go wrong, will go wrong.

"it is about the future"
The future when dilution happens and share price will plummet further?

Because they haven't done their job properly.
Evidence: Share price performance.

The only game changer would be tieback of Lincoln to AM.