Harbour Energy Share Discussion Threads

[marvin9] 13/10/2017 20:19

OHHHHHHHHHHHH AND THERES MOREEEEEEEEEEEEE

[marvin9] 13/10/2017 20:12

What we want to see is the action on board and here its is with Puppet Durrant playing the lead role:

[crystball] 13/10/2017 19:08

Does anyone know when Catcher is going to venture out from Nigg?

[chutes01] 13/10/2017 18:37

It's quite a vessel and it will be fairly complex
They may well get a smattering of crude in the tanks before year end as promised but as usual it will be a slow ramp up to full production aided by the usual rockets who run these things🙄
More important is corporate action now the vessel has arrived over here
Added today and will do Monday

[rationaleee] 13/10/2017 17:39

Someone on iii has shared videos of Catcher arriving at port; Check this out:

[american idiot] 13/10/2017 16:36

Very much so Begorrah. Have a great weekend all.

[begorrah88] 13/10/2017 16:36

Another disappointing end to a day as a PMO holder.

[american idiot] 13/10/2017 16:28

Brent back to $57.

Just took 64.75p offer. Absolutely loads on the hybrid platform on 64.5p bid (137k)

Would be great to get a huge buy in the auction :P

[nav_mike] 13/10/2017 16:02

Trouble is the Enterprise Value with all the debt is much higher at around £2.5bn

Perhaps when the debt pile is lower we may get predators sniffing around

[fitton] 13/10/2017 15:40

PMO must surely be a prime takeover target now all the money has been spent on catcher and with the new Zama discover.Currently with asset value of over £1.20 a share without Zama.

[american idiot] 13/10/2017 15:38

1 Bitcoin or 1 barrel of Brent Crude ??? !!!!!!!

The world has gone mad.

[begorrah88] 13/10/2017 15:19

Todays' 'Friday $1 smashdown' may only take back what was made this morning.

It seems it is a standing fixture now. City boys leaving systems on sell for POETS day?

I'd imagine PMO will give back most of todays' meagre gains by the close.

[begorrah88] 13/10/2017 15:11

Even the 65p is begrudged

[nav_mike] 13/10/2017 15:00

Looking at SETS you would think oil is down a dollar not up :(

[nav_mike] 13/10/2017 14:47

I guess you also have to consider that these vultures are hedging $245m of convertible bonds against a company with a mcap of circa £330m

Thats a pretty hefty % of the mcap, and when volumes are low rather explains how theyve been able to do whatever they like.

We need a large fresh impetus of new buying, and that seems something TD isnt yet (ever) keen to induce.

That aside...65p with Brent over $57 is still damn ridculous

[gregpeck7] 13/10/2017 14:22

The games can't go on forever here.

[chutes01] 13/10/2017 12:36

News coming ??
Chart looking to achieve 80p within next couple weeks
Nice dbl bottom too.

[prewar] 13/10/2017 12:24

GBP strengh vs USD not helping here, big swing since yesterday's close

[fireplace22] 13/10/2017 11:09

Essentially only P1 is producing and that well below the 10k expected. Should be on 20k + in total. This from the interim report:


Production from the Premier-operated Solan field averaged 7.3 kboepd, lower than anticipated, as a result of the first production well (P1) being shut in for a period in February following the failure of the existing electric submersible pump (ESP). P1 is currently producing steadily on free flow without the need for workover operations. Production rates from the second producer (P2) remain limited due to poor reservoir performance in the eastern part of the field.

[american idiot] 13/10/2017 11:07

Ah ok. That makes sense. Thanks.

[begorrah88] 13/10/2017 11:06

Max capacity is 28k bbs/d

2017 is 5% - 25% of that 28k so between 1.4 to 7kbbs/d

and 'greater than 25%' [7kbbs/d] in 2018

That is the current expectation rather than the initial that was trumpeted.

[american idiot] 13/10/2017 10:55

Available capacities

The capacity information is portrayed by colour coded traffic lights that reflect thresholds of availability over the next 5 years.

2017 is coloured yellow ~ 5% - 25% of production capacity (28k bbs/d maximum capacity) ramping up to greater than 25% in 2018.

So, going on that table PMO are currently on track with Solan or am I just a bit stoopid ?

EDIT..

Ok and then I found this :-

Production from the field is expected to build up to an anticipated production rate of 20-25 kbeopd in the second half of 2016 when both pairs of producer-injector wells will be on stream.

[begorrah88] 13/10/2017 10:45

Brent charging but PMO going backwards yet again

64.25p bid looks like todays maximum allowed sp

Not being helped by the Solan bits [thanks Steve] and silence on Catcher which doesn't seem to be going anywhere at present.

[american idiot] 13/10/2017 10:41

More IG analysis courtesy of Joshua Mahony (I really do rate this guys analysis)

Brent rallies into key resistance zone

Brent has rallied through the $56.99 resistance level this morning, in what looks like a signal of impending upside. The weakness we have seen over the past three weeks could be over, with the creation of a higher high coming after the higher low yesterday.

Watch out for the $57.19 level as the next resistance point of note, where an hourly close above there points towards a possible rally up to the previous high of $58.93.