Harbour Energy Share Discussion Threads

[manics] 22/8/2019 18:42

"The Group's immediate priority is to further strengthen its balance sheet and this, together with significant industry interest, has led to Premier initiating a formal sales process for its interest in the Zama field which, if successful, will result in a material reduction in debt levels."

Could happen relatively quickly and with a cheeky bidding war. I said nobody would care about the report today. I was wrong. Sorry.

[spacecake] 22/8/2019 16:51

FT today..

Mark Wilson, an analyst at Jefferies, has estimated the Zama stake could fetch more than $430m.

[master rsi] 22/8/2019 16:37

A surprise UT of 78.98p with 1.607.232 shares

[master rsi] 22/8/2019 16:27

Going places now on trying to reach 78p

The GAP is slowly closing, 79p is not far away @ 77.84p but most likely will have to wait for tomorrow for that to be done

[master rsi] 22/8/2019 15:03

We are on the process of closing the GAP now @ 77.10p
everything is working properly so far so good

[whackford] 22/8/2019 14:48

Onedb thanks for that useful info on value of Zama. Barclays had it lower at $290m (this was the first figure I had seen). Hope the Jeffries figure is nearer the mark.

[onedb1] 22/8/2019 14:38

Jeffries analyst values Premier's slice at $430m . A very smart buy back in 2015 . Just want to see if more appraisals are due as Value creation for each has been substantial .

[[e-mail]] 22/8/2019 14:27

I'm sure the Mexican tax authorities will be watching any sale with glee.

[onedb1] 22/8/2019 14:22

Zama has a P50 of 810mboe . Also referred to as 2P reserves . Now assuming a further appraisal to bring that 50% to P90 with $4/5 a barrel then the 25% owned by Premier could be worth up to $1bn . I wonder if further appraisal work is scheduled as it could help move towards a tidy gain there . Need to look for recent deals and check valuations . But as far as I remember this is shallow waters too so an 'easy' to develop area

[leadersoffice] 22/8/2019 13:32

Continue to hold. Making inroads on the debt mountain but a lot more to do.

[master rsi] 22/8/2019 12:52

re - intraday bounce

This second attempt is much stronger and better 76.25p

[eodfire] 22/8/2019 12:02

Good update. Just bought in.

[crossing_the_rubicon] 22/8/2019 11:45

Little to be disappointed with in that update
Debt continues to come down.

PMO has one of the best managements in the business.

That's why they;re still around and not bust.

Well done chaps.

[master rsi] 22/8/2019 11:15

There is a B@stard about from ENQ

[stansmith3] 22/8/2019 11:12

when you say gap, is that where your brain should be?

[master rsi] 22/8/2019 11:08

Some bounce is going on,but still some way to start closing the GAP

[master rsi] 22/8/2019 10:48

Time for the bounce after the pause @ around 75.50p, has been holding for a while at just 50 days Moving average.
And then should be getting ready to break the GAP to 79p

[gtaval1] 22/8/2019 10:39

And the rest. Stock on loan for PMO is quite substantial. Any sniff of a Zama sale taking place should move this with over-exhuberance.

[fitton] 22/8/2019 10:31

Talk of Zama being valued at $430-440m.Sale of Zama should push the share price up to over £1

[ny boy] 22/8/2019 09:54

Onwards & upwards

[beatley] 22/8/2019 09:23

Zama up for sale, Sea-Lion farmout, I think its clear what's coming next given the tax advantages we have in the North Sea.

[adg] 22/8/2019 09:18

when poo was LATE $60'S Zama valuation of $4 to $5 per barrel was discussed