Harbour Energy Share Discussion Threads

[surfit] 22/7/2021 05:26

For what it's worth: Putting in a new jacket and hooking everything up is a massively complex operation, true most topside would be modular and a lot easier than "back in the day" and each should be rigorously tested but it's all very bespoke.
Totals purchase of Culzean (by buying Maersk oil ) also gas but a LOT bigger than Tolmount, hook up and start up went VERY well in comparison.
It's all about the experience of your management in contractor selection, application of standards and having really good project team.

HBR's did get PMO for a song, but are dealing with that legacy.
No wonder they are taking their time on evaluating SL FEED, combine that with (PMO history) Solan, SL FEED costs, Zama and the $23 million PMO blew with 88E does make you think PMO had a few more "issues" than just how to structure /protect debt management.
I am starting to get the feeling that us share holders might despite the share price % deal, have been lucky.
Rgds Sft

[andypop1] 21/7/2021 22:11

23 June 2021
'Tolmount final commissioning underway with production start-up expected around the end of July, adding 20-25 kboepd (net, Harbour 50 per cent)'

Are we to believe the company was unaware of the 6 month delay when they updated the market less than a month ago?
The advised date of the end of July was beyond the planned Q2 date the company previously advised so there were known commissioning problems, it seems Harbour have kept the same wordsmith on to write their official releases with forward looking statements that are never technically wrong but do mislead with the use of words such as expected.
Different company but with the same moral values so far as PIs are concerned.

On a lighter note, a much welcomed rise today to the dizzy heights of 16.75p!

Dandi,
Nutty is correct, Malcy has been promoting PMO since over a quid, he needs to rename his unregulated thoughts as Malcy's Ramps.

Good luck in the morning.

[brazilnut1] 21/7/2021 14:01

Not sure ? He hardly gets anything right.

[dandigirl] 21/7/2021 13:40

From MalcysBlog

“””;I’ve made it clear that I feel strongly that Harbour is a fantastic collection of assets run by a first rate management team and is remarkably cheap into the bargain. Unfortunately as its first announcements have shown, it does not preclude it from finding banana skins in operational matters which interestingly were not present under previous managements.”””

Not sure what to make of that last sentence?

[jtsouthern146] 21/7/2021 11:13

You’d do well to review history here. Chrysaor is responsible for Solan platform an absolute train wreck by any account and a big loss maker for the private sharholders at the time. Premier got involved and it hurt them too and now ironically chrysaor mopped up premier after being partly responsible for sinking them. Point being of you want to see track record of chrysaor management look west to Solan..! The irony is the tax position generated by solan made chrysaor attractive for investment. Wonder whether it was that or management credentials that Led to billions being pumped In..

[maxplus2] 21/7/2021 09:30

Another useless company

[brazilnut1] 21/7/2021 08:29

Disgrace. Con artists.

[inv] 21/7/2021 08:08

drop from 400p took this into account. can now rise

[heialex1] 21/7/2021 08:07

Interesting how little it has dropped on the news. One could make the case that suggests it is already cheap and/or assuming very little.

[andypop1] 20/7/2021 23:27

MX,
Patience and the special one, what a combination, lol.
Two chancers with no shame, I don't know if you read the asylum but I think one of the former regular posters from here has reincarnated as Soder promising to guarantee any losses, the poor sod was holding PMO at 30p+.

Marky,
Thanks for the tip on HE1 but as I told the clown who doesn't mess around I don't do AIM, I hope you make up your losses with it though.

Sicknote,
I nearly lost a finger trying to catch a falling knife at just under 340p, this is now in uncharted waters so I will leave any predictions of how low this can go to the better informed.
I would be happy paying the 326p I sold for if it looked to be a sustainable rise but I suspect the less cautious may get in substantially lower than today's close.

Good luck all.

[sbb1x] 20/7/2021 16:06

There was tge 300.Are the scum out now ?

[brazilnut1] 20/7/2021 14:50

This is disgusting but predictable. Mickey Mouse company produces Mickey Mouse returns to Shareholders, again.

[s34icknote] 20/7/2021 13:32

At what price you getting back in andy ??

[heialex1] 20/7/2021 12:07

Tragic performance this...

[steve73] 20/7/2021 06:33

I have the warrants noted priced at 814... I now have just 24 (from 15,000 PMO bonds)..

[markymar] 19/7/2021 23:46

Your demonstration of a withdrawal method worked perfect Andy......if you had not a fear a maintenance charge for 16 plus yearsYou have the ice queen in charge now, she got a lot to learn as communication skills appalling Wish you look at HE1 pure gamble but you can rub my nose in it but 23% up in a poor marketNever had such a buzz from a share since Desire Petroleum or rock hopper ...amazing CEO...put an hour in on home work Andy

[andypop1] 19/7/2021 20:12

Bodger,
I went in with my eyes wide open and was ironically caught out by the downside risks I mentioned a few days ago!
I suffered no more than a nip from this wild dog, it beats becoming a 'long-term holder'.
I've lost track of EnQuest, they have performed better than PMO/HBR but at 20p it is not the investment the numerous posters over the years have claimed it was.
Oil is out of favour, these are and will remain traders shares, not investments.

Marky,
That was a demonstration of the withdrawal method, it doesn't give 100% protection but if timed correctly it can protect against an unwanted surprise.

Nit,
The warrants are still around, Steve is better placed to give more information but from memory they cost around 800p to exercise so unlikely to be exercised before they expire.

Good luck all.

[wbodger] 19/7/2021 15:39

andypop1 I was surprised you took the plunge here, after your earlier post about ENQ's resolution of its debt worries.

The problem here seems endemic for now, namely the overhang from the haircut. Lots of reluctant equity holders ought to drag it back no regardless of any good news, at least while the market is out of balance.

ENQ have a fair number of new shares hitting the market next Monday, but at least that is voluntary, and it isn't a flood of them.

Keep posting, you have sensible things to say

[andypop1] 19/7/2021 12:29

Marky,
I generally last longer in bed than I do holding this dog!

[nitnia] 19/7/2021 10:49

Anyone know what happened to the warrants?

Do they still exist and what are the terms?



Thanks