RE: Get control of hurricane energy and it’s acreage25 Sep 2020 09:47
With the vultures in the skies above Rona Ridge, it is worth taking another look at the equation.
1 We have CA who is no White Knight, with a 12% stake, who's strategy is the fund's preservation and will sell to the highest bidder.
2 We have kerogen who are Hong Kong-based specialist investors in Oil & Gas with a wide knowledge of the industry, with a 16 % stake.
Kerogen will have its own ideas of how the BOD should proceed forward.
Whether these ideas are in conflict with the BOD thinking and that is the reason for the resignations or whether it is to prevent a conflict of interest further down the line.
3 We have Spirit who has a 50% stake in GWA who's oil so we are informed is leaking from Lincoln into Lancaster and might want to take a stake in Lanfax in exchange for carrying out the remedial work at Lancaster.
Conclusion. Take your pick your guess is as good as mine.