Member Info for tomhuk2000

Hi there,

I’ve been away from the ball for some time and just returned to see the latest set of RNS.

Lots to go through. Can anyone give me a brief overview?!

With the tightening of covid restrictions coming into play, The decision to hedge and safeguard our price per barrel at $35 seems a very prudent one and makes hurricane energy a much more secure and safe investment opportunity compared to many of its contemporaries.
One would imagine that even with a second wave of Covid this stock will be stable.
Surely one would hope that if they maintain or increase their current production rate, the next RNS should create a significant rise in price.

In my opinion, based on its production, assets and future outlook hurricane energy should be trading in the mid 20p’s at a minimum.

I think this is a careful and measured RNS by the board.
Instead of going out all guns blazing and overpromising and under delivering they have given as a safe cautious starting point.
There are several positives to take out of this. Firstly the production is above for what I was expecting at 15,000 BPD. Secondly the other well is Also producing. And finally they are hedging at $35 per barrel and all signs point to a gradual and steady recovery in the oil-price post Covid.

All in all it might not be the miracle cure RNS people were hoping for but it is one that tells us that the BOD are now a safe pair of hands for the company.

Buys all outweighing sells today... Some large amounts in the mix too

I must admit when I was averaging down at the 4p mark, it certainly felt like it was all or nothing and I was just digging myself in deeper.
It would be great to see I3E do well out of this... not necessarily for the BOD but for the current holders who have suffered over recent months.

My average is 9.5p due to some stockpiling around the 4p Mark.
Well, prior to this deal I was hoping for anything between 15p and 25p on readmission. But, if Gain, Toscana and the farmout work out and they relist with a bang with everything in order, then I would expect higher.

But I’ll let Harel and others estimate a price as they are far better equipped to do this than me.

Harel, as you were saying at the weekend there seems to be a definitive plan unfolding.

This seems to be very positive news and is hopefully indicative of a higher likelihood of raising finance moving forward.
With these two Canadian companies potentially in the bag and a farmout deal, this could relist and rerate very highly. I dare not estimate an SP at this point but it will have to be seen as an entirely new and more prosperous company on readmission.

I’ve always thought there must be something significant planned, for Bybrook to buy in so high and Dolphin to arrange a four year plan with I3E.

Best of luck fellow holders

Hi there

Is this a theory or has new news come to light?

Thanks

Hi Harel, has there been any news or is this rumour?

It’s a compelling theory though

Great post. Thanks Dire

None taken, I’m often too cautious with AIM. But then again, with AIM you have to be lol

I intend to do my research and certainly won’t be lazy. However I find these boards a good source of info once you’ve sifted through the rubbish

Hi there all,
For any new investors like myself, can anyone give us a summary of where Hurricane is at. Pros and cons, potential future plans and pitfalls.

I think new investors need an objective overview with as little conjecture as possible.

Many thanks

As a new investor to futura, what is the general consensus on SP when this med is approved and goes to market?

Despite the divided sentiment over I3E I think that this is the clearest and best position we have been in for a long time.
The extension from the note holders from June to September implies that they are confident enough in the plans to allow this to happen.

With more time and the POO stabilised and rising, Toscana seems a great deal.

The AGM has given a bit more clarity on the near to midterm timeline and I personally feel far more assured than any other time this side of when the prices tanked last year

I’m liking the sound of that

That’s interesting. I was hoping for a bit higher, somewhere around 25-30p. But I might be being a bit optimistic.

I’m just relieved that they haven’t shut up shop and done a runner!

Well, all resolutions have been passed at the AGM and they have stated they are likely to relist in mid August to September. Much sooner than I was expecting given the Toscana AGM.

I would sooner they sit it out a while longer and get everything concluded and relist with a bang in October.

All sounds positive if still a little hazy

Despite the SP fluctuations every day since the price tanked to single figures, buying has outweighed selling. Sometimes Up to And above a 4to1 ratio.

I am confident of a strong rebound on the next RNS

When would you expect to hear news about the AGM results? That seems our likely first post suspension RNS.
Anyone heard if an interview is due too?