EXHIBIT 20.1
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January 3, 2003
NOTICE OF REDEMPTION
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BY FIRST CLASS MAIL
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TO: Holders of 12% Senior Notes Due 2006 ("Holders")
of Hurricane Hydrocarbons, Ltd. (the "Company")
The Company hereby calls for redemption all $208,210,000 principal
amount of its outstanding 12% Senior Notes Due 2006 (CUSIP No. 44779E AD 8) (the
"Notes"). This notice is being provided to you pursuant to Section 3.03 of the
Indenture, dated as of August 3, 2001 (as amended or supplemented from time to
time, the "Indenture"), among the Company, as issuer, the Guarantors party
thereto, as guarantors, and Computershare Trust Company, Inc., as trustee (the
"Trustee"). All references to "$" in this notice refer to U.S. dollars.
In accordance with Section 3.07(a) of the Indenture, the Company is
redeeming the Notes for cash in an amount equal to the aggregate Redemption
Price (as defined below) of the Notes to be redeemed on the Redemption Date (as
defined below).
The terms and conditions of the redemption are as follows:
1. The redemption date for the Notes will be February 3, 2003
(the "Redemption Date").
2. The aggregate redemption price for the Notes is 102% of the
principal amount of Notes held by you plus accrued and unpaid interest of $60
per $1,000 principal amount of Notes held by you (the "Redemption Price").
Interest due on the Redemption Date will be paid in the usual manner. Interest
on the Notes will cease to accrue on and after the Redemption Date, assuming the
Company has made the payments contemplated by the foregoing.
3. The certificate or certificates representing your Notes (the
"Certificates") must be presented and surrendered to one of the Paying Agents in
order for you to collect the Redemption Price. Please present and surrender your
Certificates to one of the Paying Agents at the following addresses:
Computershare Trust Company, Inc. Computershare Trust Company of Canada
350 Indiana Street, Suite 800 530-8th Avenue, S.W., Suite 600
Golden, Colorado 80401 Calgary, Alberta
Attn: Corporate Trust Canada T2P 3S8
Attn: Corporate Trust
2
The Bank of New York The Bank of New York (Luxembourg) SA
One Canada Square Aerogolf Centre
London, England 1A, Hoehenhof
E14 5AL L-1736 Senningerberg
Attn: Administration Group Luxembourg
Attn: Administration Group
Delivery of the Certificates is at your option and risk, but if mail is
used, registered, insured mail is suggested.
4. Upon redemption of the Notes in accordance with Article 3 of
the Indenture, all rights of the Holders, except the right to receive the
Redemption Price upon surrender of their Certificates, shall cease with respect
to the Notes, and the Notes shall not thereafter be transferred on the books of
the Company or be deemed to be outstanding for any purpose whatsoever.
5. Under the provisions of the Internal Revenue Code, payments
made upon redemption of the Notes may be subject to backup withholding of 31% of
such payments to Holders who have not certified their taxpayer identification
number on Form W-9. Holders who wish to avoid backup withholding should submit a
completed and signed Form W-9 when presenting their Certificates for payment.
6. No representation is made by the Company as to the correctness
or accuracy of the CUSIP number listed in this notice or printed on the Notes.