Harbour Energy Share Discussion Threads

[timothyjones2010] 15/4/2017 23:05

I think the AGM isn't till the end of May, end of May for financing to be in place

[frightened city] 15/4/2017 20:54

AGM on the horizon, these questions need to be asked.....
1. When Solan was/is such a disaster, why should we believe you about Catcher, Tolmount and Sea Lion?
2. You have made a lot of key staff redundant; do you have the key skills to deliver complex projects?
3. Why has the board ceded control to the debt holders?

[marvin9] 15/4/2017 11:09

Employyyyyyyyyyyyy the MONKEYYYYYYYYYYYYYYYYYYYYYYYYYYYY!

[frightened city] 15/4/2017 07:07

No, Alan Booth is long gone. As are a lot of folk.
And yes, there is a history of ineptness. I believe a couple of non-execs resigned in protest last year.

[seangwhite] 15/4/2017 00:19

Oil let's face it the legislation makes life difficult, the next hurdle with Brexit being executed will be delayed by our own lot not realising their own work of the past years makes them look inept.

[oilretire] 14/4/2017 23:02

Alan Booth, ex Encore

According to this he is still at PMO as subsurface manager??



But that seems out of date. There is another profile here which fits more recent developments, can't access it to see if PMO is still listed.

[oilretire] 14/4/2017 21:12

On the project front - they entrusted a 3rd party contractor with execution of that, maybe took too hands off an approach though.

On the subsurface front - I wonder if AB is still around?

Anyway, Catcher being a very different development will have a whole load of wells completed prior to the FPSO arrival - all of which, as all ready reported, have came in at or above expectation

All nine wells drilled to date have come in at or above prognosis and we now expect to deliver an improved production profile from a reduced well count.

I still foresee delays in first oil though, it just seems to be the way of the industry nowadays, tied in knots with hse, legislation, and a bone idle work force at the coal face.....

[fireplace22] 14/4/2017 18:37

Maybe the latter provides the motivation required to avoid a re-run of the Solan debacle.

[frightened city] 14/4/2017 16:24

Hmmm, so they deliver Solan around 2 years late, more or less 100% over budget and less than half the promised production.
What is it that makes anybody think Catcher will be OK, Tolmount will be fine, Sea Lion will be hunky dory??

All to be delivered by a board that has handed control to the debt holders??

[paulbiya] 14/4/2017 05:39

https://www.energyvoice.com/oilandgas/north-sea/136183/premier-oil-forging-ahead-north-sea-tolmount-project/

[paulbiya] 14/4/2017 05:27

Oil price MalcyDefinitely a pre-holiday sort of day in crude markets yesterday, marked down from the start as traders were unwilling to carry too many long positions over the weekend, even the better than expected inventory stats couldnt revive the patient. An increase in US production started it all but this should be no surprise as we have weeks of warnings from the EIA and more importantly the rig count, also due today, one day early.The EIA stats showed crude oil drawing 2.2m barrels vs a forecast of 772/- which should have been encouraging but the overall products news was even better falling by 4.1m b's. Gasoline drew 3m and distillates 2.2m against expectations of a 1m fall for both, higher demand should be noted here and still no mention of you know what...

[marvin9] 13/4/2017 22:15

Sack TD and employ the Monkey

[timothyjones2010] 13/4/2017 21:44

Marv I think you should email him, your 100% more vocal and may get a better response than I did

[marvin9] 13/4/2017 19:20

You have to cut out all the ramp and see it at it is:

If PMO where not getting a mega tax reduction
Favourable exchange rates
Oil Price souring

What would the share price be.. I would say around 30p

End of the day PMO's share price is where it is due to the above..
TD and his side kicks have done nothing for share holders or to improve the share price.

They have sat back and encouraged the shorting and now have the cheek to ask for a pay rise for failure and to get voting back in to create more carnage.

Sack em all... employ the monkey

[timothyjones2010] 13/4/2017 18:33

Asa I'm beginning to think your right, however I'm going to give PMO to 17th may trading state and end of May for finance restructure. All being equal share price must rise

[asa8] 13/4/2017 16:56

what a dog this is turning out to be reminds me a bit when xcite issued warrants to the boys club never allowed to rise again.

[marvin9] 13/4/2017 11:22

Answers on the back of a postage stamp as to why you rampers think TD should keep his job and get a pay rise?

[prewar] 13/4/2017 09:52

hxxps://www.iea.org/newsroom/news/2017/april/omr-half-time.html

Supply and Demand in balance amongst some other stuff

[nav_mike] 13/4/2017 08:44

Polygon Global still adding to short - now the largest position at 1.4%

[timothyjones2010] 13/4/2017 08:08

SP just gets depressing by the day, just no movement at all. May 17 trading statement seems like an eternity away, end of May for refinancing seems like an eternity away.