Harbour Energy Share Discussion Threads

[hoper2] 24/4/2017 14:54

sz212

Some bondholders are locked in, but as far as I'm aware we still need 75% before it's all done and dusted.

[sz212] 24/4/2017 13:31

But what are they hiding ? Or what news do they owe to our shareholders? Bond holders are locked in - which is published. Production level is disclosed. Financial position is disclosed. Agm is scheduled.

I guess they won't published anything about the refinance until next milestone, which will be the implementation, which they said will be done by the end of may ? ( if I remember it correctly )

However, I do agree the whole process is long, and the shareholder has been kept to a min level of information, which we all hate.

[steve73] 24/4/2017 11:47

Maybe they're trying to find a way to hand over the other half of the company to the Schuldstein bondholders....?

[begorrah88] 24/4/2017 11:23

....or party to keeping the share price depressed to avert any regulator eyes?

Why else would they avoid telling the market something they said would happen weeks ago?

Unless that is a much more significant problem than they are telling anyone? [some people must have been told something though or why would the shorters be so keen to keep pushing this down?].

[bakedbean57] 24/4/2017 11:04

I don't know but It is getting close to a negligence civil case as PMO have not taken any action re price manipulation with the FCA so either compliant to it or negligent take your pick...

[nav_mike] 24/4/2017 10:56

I wonder if any of the debt holders are forward selling against the warrants? They probably dont want to be share holders, and can still bank a 40%+ profit even with the shares at this godforsaken level.

Still...at least the debt holders and Durrant have done nicely out of this refinance debacle. Only us mug shareholders get the short end of the stick

[begorrah88] 24/4/2017 10:33

TLW up, ENQ up PMO? we know the answer to that don't we?

Then again TLW & ENQ CEO's are not withholding important info from their shareholders.

[bakedbean57] 24/4/2017 09:06

Thought basic book games would be finished with obviously not...

[deanroberthunt] 24/4/2017 09:04

a cash call invloving pi's in an OO would be positive in the longer term for all.

[begorrah88] 24/4/2017 09:03

He is deliberately avoiding owning up to what is happening yet, as ever, shorters seem to be very well informed.....

[deanroberthunt] 24/4/2017 08:58

he'll come clean after the rights or placing, a la Tullow....even Malcy has eluded to it, in jest on his blog, but many a true word is spoken in

[deanroberthunt] 24/4/2017 08:56

rewarding abject failure seems to be a very British trait.

[begorrah88] 24/4/2017 08:40

The sell off continues along with the silence from TD

When will he come clean about the financing?

[ua36] 24/4/2017 07:48

The old cynic in me thinks "no plans" certainly doesn't mean "no"!

Regardless, it's not my intention to harp on about it ad infinitum. Things will unfold in due course.

[steve73] 24/4/2017 07:41

"most dilution will be well above 75p" .....?

We're expecting c.113 MM Warrants at 42.75p and the 237MM bonds will convert at 74.9.

[leoneobull] 24/4/2017 07:29

Consistently saying that... Sorry

[leoneobull] 24/4/2017 07:29

Hi Ua36. Various investors having called IR have been told that. no plans for an equity raise. And Tony D has been consistently said that in video interviews from recollection. Still TD said no material dilution. And that turned out differently but at least most dilution will be well above 75p and reduce debt

[ua36] 24/4/2017 07:25

Hi Leona - where is it Premier have repeatedly said no equity placing? If they're on the record saying that then I'm not stubborn enough to not reassess.

Cheers

[leoneobull] 23/4/2017 08:57

Pmo have repeatedly said no plans for equity raise. The Capex for catcher almost paid for. As for Tolmount only funding for FEED needed now. Significant capex won't kick in until 2019. With a 20% farm in and catcher throwing off large amounts of tax free cashflow.... I don't see an equity raise. But one never knows. Unclear how they will fund sea lion but again no major Capex until 2020 perhaps,?

[steve73] 23/4/2017 05:00

The other (I think) relevant factor in the TLW vs PMO debate, is location of assets.

PMO's are largely in the politically stable (Brexit/Scot_Ind notwithstanding) and largely incorruptable UK, whereas TLW's are almost entirely in that corruptable hotbed of political rivalry, Africa.

I would think this should largely offset any benefits that TLW have.

And furthermore, with TLW's "heavey"weight funder now stepping aside, the significant advantage they had at the helm over our "heavyweight" CEO is no longer as relevant.