Centamin? They got offered £1.63 per share. no bloody wonder the share price increased! Nothing to do with director buy! |
It's not hence the price. Hence, the silence on director buys
Look at centamin. Tranformative news ...sp reacts in tandem |
Still no more Director buys. Come on chaps dig deep if this deal was so transformative - I'm waiting.... |
I note that Harbour have acquired a substantial number of hybrid bonds in the amount of $1.7B which in the presentation are eventually expected to be reclassified as equity.
Hybrids and convertibles are quite similar although not identical.
Convertible bonds when issued generally results in delta hedging where the equity is sold short and correspondingly the share price falls.
Perhaps this is an explanation for the falls or perhaps HBR are just pants as suggested although i fail to see why especially as their bond prices seem well supported and they are now considered investment grade.
Bond traders are the smart money and they may be looking to protect.
Just a stab in the dark which may or may not be correct
An explanation for those who are not familiar with the term. |
Good, move listing to Europe or US next, hopefully, as UK becomes less important now as a source of income. |
Thursday September 12, 2024
Mubadala Energy JV wins exploration licence off Indonesia coast
A joint venture between Abu Dhabi-based Mubadala Energy and UK-headquartered Harbour Energy has won the oil and gas exploration licence in the Central Andaman block, off Indonesia’s coast.
The venture – owned 60% by Harbour and 40% by Mubadala Energy – was awarded the contract by MIGAS, the Indonesian oil and gas regulator.
The license further strengthens Mubadala Energy’s growth strategy in the Andaman Sea.
In addition, the UAE company completed the South Andaman drilling campaign with the appraisal of the Layaran discovery.
The exploration and appraisal campaign, which included Layaran-1, Tangkulo-1, Layaran-2 and Layaran-2ST1 in South Andaman, confirmed the multi-trillion cubic feet potential of the Andaman Sea basin.
The joint venture is actively forming a strategy to develop these resources into production as quickly as possible, the statement said. |
 Post from lse bb:
Neversellshell22
Posted in: HBR
Posts: 3,346
Price: 256.00
No Opinion
11 Sep 2024 22:00
REASONS TO BE CHEERFUL......(and patient)
2 successful deep water appraisal wells confirm multi TCF discoveries in South Andaman
New Andaman blocks issued to Harbour and Mubadala
Fenix Argentina field on production by end of year.
Tuna new partner great progress made expected soon leading to quick FID.
Drilling rig in Norway booked until 2028 showing long term commitment.
Talbot first oil end of 2024
Drilling started at Kan. 70% Harbour owned.
Harbour drilling Gilderoy & Jocelyn North imminently.
Zama FEED being advance. 32% Harbour.
CEO visits Egypt and commits to major investment to increase production.
Egypt government looking to incentivise more foreign investment.
Acorn CCS Project granted £2 million funding
Viking CCS progressing to FID & massive potential with acquired projects.
Company finance upgraded to Investment Grade.
New COO Joining company in January
Carlos Slim increases stake by 6 million shares & up stake in Talos Energy again
Unit Opex 13-14$
BASF & Letter One both 6 month lockin period to increase share price stability.
Dividend now at 455$ million an 8% increase
Third Avenue funds buys 2.8% of Harbour
Senior Director buys 20k shares.
Great 85p Gas and 78$ Oil hedges in 2025
Production approx. 500k
2025 Free Cash Flow huge increase on 2024
FT100 promotion to share price increase stability later in year.
New presentation provided…. |
Yip I got in Tlw at 22.5p. Will be up 30% within a few wks |
Tlw enq Sqz all boucing back Hbr soon ? |
September 11, 2024
Mubadala Energy expands Andaman Sea position
Abu Dhabi / Jakarta – Mubadala Energy, the Abu Dhabi headquartered international energy company, has today announced two significant milestones in its Andaman exploration activities.
The company together with Harbour Energy has been awarded the Central Andaman licence (Harbour 60% operated interest, Mubadala Energy 40%) by MIGAS, the Indonesian oil and gas regulator as part of the recent Indonesian licensing round. The acquisition further strengthens Mubadala Energy’s growth strategy in the Andaman Sea, providing added prospectivity in the basin.
In addition, Mubadala Energy has also confirmed the successful and safe completion of the South Andaman drilling campaign, with the appraisal of the Layaran discovery. The exploration and appraisal campaign, which included Layaran-1, Tangkulo-1, Layaran-2 and Layaran-2ST1 in South Andaman, demonstrated the multi-TCF potential of the Andaman Sea basin. The exploration and testing activities harnessed advanced technology and deep-water capabilities to ensure an efficient and safe drilling campaign.
Commenting on the latest development, Adnan Bu Fateem, Chief Operating Officer, Mubadala Energy, said: “The successful bidding for the Central Andaman block is an important strategic development that will unlock further potential opportunities. Capitalising on our operational capabilities and deep understanding of the basin we are well positioned to realize the potential of South and Central Andaman and look forward to working with our partner and government stakeholders to develop these projects.”
Abdulla Bu Ali, President Director, Indonesia, Mubadala Energy, added: “We are delighted to have concluded this drilling campaign successfully while maintaining safe operations. The results are not only a win for our team, but also an important milestone for our company that will support Indonesia’s energy transition and energy security priorities.”
This multi well campaign in South Andaman and Andaman II has enabled Mubadala Energy and its partners to confirm significant in-place discovered resources which have the potential to play a vital role in the Indonesian and Southeast Asian energy landscape. The company is actively forming a strategy to develop these resources into production as quickly as possible.
-Ends-
About Mubadala Energy
Mubadala Energy is an international energy company, headquartered in Abu Dhabi. With a diversified portfolio of operated and non-operated assets spanning 11 countries, its primary geographic focus is in the Middle East and North Africa, Russia and Southeast Asia.
Mubadala Energy is a wholly-owned subsidiary of Mubadala Investment Company, which is owned by the Government of Abu Dhabi. The company’s portfolio is around 69 per cent gas, with a working interest production in 2023 of approximately 369,000 barrels of oil equivalent per day. |
Oh jeez more fantastic news. |
“Harbour Energy Credit Ratings Ascend Post-Acquisition” |
Well I'm waiting for some chunky director buys here and a decent volume day (like SQZ yesterday) if this is such a bargain before I buy in again. Volumes have been pitiful post deal. Suspect will drop more before we get a good volume day. |
I am right once again.
CORRECT
BRAZIL |
Yet Another bit of Fantastic News/HBR RNS Update here Today!
Investment Grade credit ratings confirmed
Harbour Energy plc is pleased to announce that following completion of the Wintershall Dea asset portfolio acquisition, S&P Global Ratings and Fitch Ratings have upgraded the Company's Issuer credit rating to BBB- and the issue rating on Harbour's $500 million senior unsecured notes to BBB-. In addition, Moody's Investors Service has assigned a Baa2 credit rating to Harbour. All ratings have stable outlooks. |
The current mix post M&A here is 60% Gas and 40% Oil, and globally very nicely diversified! |
Oil goes down gas goes up ??Hbrs gas offsets oil price decline ?What's the mix ? |
Brazil it'll be a blue day and all rose tints will be jumping for joy. But we will end up close to 250p by end of week |
2 interesting articles here just out:
Oil Prices Fall 3% Without Real Change in Fundamentals
Oil prices fell again on Tuesday-by more than 3% on the day-indicating a dramatic shift in fundamentals or some geopolitical tension in the oil-rich Middle East. Only neither of those things has happened-at least not today.
Currie Claims Fears of an Oil Market Glut Are “Completely Overplayed”
Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday.
Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum Conference (APPEC) in Singapore, where executives at major oil trading houses expressed bearish views about demand and global market balances for this year and next. |
Very very red day tomorrow. Heard it here first. Institutions bail out. |
Blue day tomorrow. U heard it first |
Shrinking balls |
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