Harbour Energy Share Discussion Threads

[stockhunters] 05/6/2020 11:16

who cares oil sky rocketing

[heialex1] 05/6/2020 11:12

So it's not just me who thought that this announcements was annoyingly vague? What is the actual price of the acquisition, and what is the extent of the re-negotiation?

[stockhunters] 05/6/2020 11:10

USOIL up 300-400% from the other months low

PMO barely moved wake me up at double the price

[andypop1] 05/6/2020 11:09

Whites,
What short squeeze?
Did you read today's RNS?
You probably did but you obviously didn't understand it.
The company have prevented the short squeeze that you have been hoping for, ARCM will be left with a 6% short position of the enlarged share capital, or 58m shares thanks to big Tone's latest kind offer of close to 10% of the current shares in issue.
Do you think such actions will discourage other vulture lenders from making PMO their plaything?
You are obviously out of your depth through a lack of understanding of the basics, so I will leave you to dream about what big Tone has up his other sleeve!

[crystball] 05/6/2020 09:37

Well, we have a new jigsaw puzzle to try to put together with today's announcement. Still trying to understand what it all means and still a few missing pieces. I've found the corners and done all the edges. There are some difficult pieces of plain blue sky which all look the same and it is not obvious where they fit in!

[marunam2] 05/6/2020 09:34

Arcm making a challenge does not make them right regarding the new deal, current market forces have decided. similar deals are all being negotiated , downwards , so hardly the reason for ARCM being right.

ARCM lost the 1st case as well.

How will they close the short ?

[andypop1] 05/6/2020 09:27

So ARCM were right to challenge the schemes that are now redundant, it has resulted in a less dilutive out come for current shareholders with less decommissioning liabilities mid-term and more security for lenders, a better deal for all stakeholders.

An out of court settlement with costs awarded to ARCM is the best they could have hoped for.


"The agreement with ARCM also provides for a comprehensive settlement of all claims relating to the schemes and related matters (including costs)."

You couldn't make it up!

Good luck all.

[sbb1x] 05/6/2020 09:23

Thanks steve.

[oilretire] 05/6/2020 09:23

Something to bear in mind regarding counting the Shearwater related bbls, outages for this project has been pushed back from 2020 to 2021

[steve73] 05/6/2020 09:18

Sbb - the 7 Jan RNS was suggesting over 100 kboepd by the end of 2020, but I assume that was including the due-to-be-onstream-by-then Tolmount... whether we get the extra 25% or not, my estimate is we'll be just under the "long targeted" 100kb/d.

[sbb1x] 05/6/2020 09:11

How many bpd will PMO pump with this new deal.

[whackford] 05/6/2020 09:04

In answer to my own question (50175 above) I see in June's presentation, re. Tolmount:

"Potential acquisition of
additional 25 per cent interest
from Dana"

[steve73] 05/6/2020 09:01

PMO1 bonds are up over 10p this morning as well... now selling for 80p.

[hoper2] 05/6/2020 08:54

I don't like to see ARCM given cheap shares, but it does let (what seems to be) a decent deal go ahead without them causing problems. All in all a good deal for PMO shareholders.

[wageslave] 05/6/2020 08:53

Shafted - share price has gone up. That's a positive for me.

[oilretire] 05/6/2020 08:52

whackford, same day as the original BP deal




......and an additional 25 per cent. interest in the Premier operated Tolmount Area from Dana for US$191 million plus contingent payments of up to US$55 million (together the "Acquisitions")......

· Tolmount (25% interest): consolidates interest in existing high return development, which is on schedule to deliver first gas by end-2020, with significant upside following recent drilling success at Tolmount East

[bis5] 05/6/2020 08:44

PI Shafted again

[andypop1] 05/6/2020 08:35

Whites,
Big Tone certainly had something up his sleeve, a shed load of discounted shares to help the pesky shorters out, unbelievable, lol.
Does that make him complicit in your alleged fraudulent activities?

[whackford] 05/6/2020 08:29

Patience post 50167.

Your copied pieces ends "Premier also struck a deal to pay Dana Petroleum up to £185 million for a further 25% of the Tolmount gas project in the southern North Sea, taking it to 75%."

I was not aware of this? When was this announced, anybody?

[whites123] 05/6/2020 08:29

andypop15 Jun '20 - 08:25 - 50172 of 50172
0 0 0
I said ARCM should be admired for their strategy, fair play to them, once again the board has shown shorting PMO as a creditor always pays off.


Have you no shame?
So what? Suddenly the deal is good and suddenly the assets are not worthless and suddenly FRAUDULENT activity is admirable?

You really should evaluate your existance and what you bring to society.
There is a rock over there, why not go climb back under it.

For holders we can look forward to a increasing share price and better times ahead.

[andypop1] 05/6/2020 08:25

I said ARCM should be admired for their strategy, fair play to them, once again the board has shown shorting PMO as a creditor always pays off.

[leoneobull] 05/6/2020 08:10

Andy P. Remember to buy in next time LOL

[rose_by_another_name] 05/6/2020 08:09

I've been trying to get out at 33 pence
all week. Failed!