Harbour Energy Share Discussion Threads

[stansmith3] 28/6/2019 20:06

adgi have you on filter - thankfullylet me guess you are clogging the board up with more of your twaddle, although i do enjoy you being annoyedinstead of peddling your continual twaddle, isnt the fact that wti has just dropped $1.5 a little more important than your petty grievances?

[whiskeyinthejar] 28/6/2019 16:54

Yet another Stan avatar. Someone is keen on wasting other people's time.

[adg] 28/6/2019 15:47

Steve please go blue to rid us of this carrion

[adg] 28/6/2019 15:45

Another sad-stalker-troll this time it’s called illiterate evan-almost-8

“you would he had a clue”

Wtf does that mean you sad no-mates-no-life little inconsequential troll??

Suggest you go back to school and pay attention you pathetic little stalker.

[titasiinitramho] 28/6/2019 14:53

POO down.
PMO share price down.
G20.
OPEC.
RUSSIA.
IRAN.
CHINA.
TARRIFS.
DEMAND.
That's par for the course.

[osirisra] 28/6/2019 13:52

POO up.
PMO reserves up
PMO share price down.
Did I miss something, or know wait, this is PMO, that's par for the course.

[evan8] 28/6/2019 13:22

Totally agree lostitHow Steve thinks he can pass comment on post content with the dross he posted on ENQ today I will never know.As for adg, well, he posts with such grandeur you would he had a clue - trouble is none of it ever occurs and its just bluster.

[adg] 27/6/2019 22:24

Isn’t it almost Double FI tax regime - I recall Reading that recently

[stockport loser] 27/6/2019 21:33

And Zama is only one of the Mexico plays for PMO, the recent appraisal success has to give value to the prospect resource.

[efagie] 27/6/2019 21:30

If i may rationaleee, how do you get 25% of $1.8bn as $270m?
Would also ask, what the OPEX costs?

[efagie] 27/6/2019 20:38

Where does the $20 life of field value come from? also just how much of zama belongs in the next door acreage under pemex? one drill cost of £61m over the 24m for sealion so $400m for full development!

[beatley] 27/6/2019 20:19

Good post Lee, I think there's space for both within the portfolio but based on the today's P90 numbers and the incredibly low break-even, I'm now very much in favour of holding onto our stake and taking it to production. Unless of course someone comes along with a briefcase containing close to a billion dollars, but that's unlikely to happen.


Just looking at the numbers for Zama, even with an upfront CAPEX cost of around $400m, Talos's investor presentation suggests we'd get all that back, and more, within the first year. After that, the Mexican government do best, but it should still leave around $150-$250m per year in FCF net to Premier depending on production and oil prices.


As for Sea-Lion, I think Premier have the right strategy in attempting to de-risk the project, the difficult questions imo come if those efforts fail and we're looking at a huge CAPEX bill, time will tell.

[lageraemia] 27/6/2019 19:03

I think it's a nice problem to have Lee.

The overall economics of UK/Mexico/FIs/SE Asia are different and may vary with time, so they can be addressed in parallel and at different speeds according to priorities.

4 Major geographical areas, oil AND gas, Exploration, Development AND production. This is very nicely diversified in my opinion.

The PE ratio is low, debt's coming down, $65 oil is comfortable and the enterprise value here is peanuts.

The more I look at PMO the more I like it.