Harbour Energy Share Discussion Threads

[s34icknote] 23/10/2017 08:25

Another part of the jigsaw .Oil over 60 dollars soon !Venuzwala will be off line with bankruptcy and dodgy oil !The cashflow will come Sicknote N a I

[begorrah88] 23/10/2017 08:19

MM's still not keen to step up.

[begorrah88] 23/10/2017 08:09

Good detail but it is all just noise as far as the share price is concerned.

All tightly under control and won't change under the hedge funds move on. No idea what is required for that to happen as all the triggers I thought might such as POO rising and Catcher being on course have had no impact at all.

II's not interested still.

[bakedbean57] 23/10/2017 08:07

Let's see how the share price does first!

[grahamg8] 23/10/2017 08:00

Complaints about puppet Durrant seem to have been over stated.

[steve73] 23/10/2017 07:47

It's good to see such a detailed plan being presented - quite unexpected, but very welcome.

Still plenty of activities to complete before first oil, and an aggressive target to ramp-up to 60kbopd within 3-4 months.

They're indicating 7-10 weeks from around say 10-12th Oct... so first oil between 28-Nov to 21-Dec, and perhaps full rate by end of Q1-18.

If this doesn't give the share price a kick up today then nothing will...

[cricklewood] 23/10/2017 07:33

A short presentation setting out the key milestones in the hook up and commissioning programme to be carried out in advance of first oil and the plans to ramp up to plateau production levels

[ulvers] 23/10/2017 07:29

Thanks for posting Steve.

GLA

[badger60] 23/10/2017 07:27

Yep...Catcher seems to be going to plan. Looking very good for an additional 30,000+bbo production in the not too distant future...

[steve73] 23/10/2017 07:23

Who says they don't respond to shareholder requests.....

[asa8] 23/10/2017 07:23

Just read Baker Hughes rig count down 3rd straight week they have over estimated shale production and underestimated costs for 2018

[fireplace22] 23/10/2017 07:09

RNS Catcher update.

[badger60] 22/10/2017 14:35

Where's Marve gone today? He doesn't strike me as someone who would let talking rubbish stop him from posting here.........

[asa8] 22/10/2017 13:30

Interesting read in the mail today about how dangerous electric cars are when they catch fire it can take up to 24 hours to put them out due to the battery which can explode or reignite food for thought

[volsung] 22/10/2017 12:11

As an eagle I can scry from afar. I am a clairvoyant. Whee whee said the sale. P no will be superior. Ha

[badger60] 22/10/2017 11:51

It wouldn't surprise me to see TLW shareholders selling out and switching into PMO. On a relative value basis there is more than quid downside on the TLW share price to get to somewhere near parity value.

[s34icknote] 22/10/2017 10:27

I'm fully loaded.Used half my zoo digital profits to double my holding . A re rate will come if oil plays ball.SicknoteNai

[jelenko] 22/10/2017 09:53

Spot on, but keep it quiet for now.

[badger60] 22/10/2017 09:31

IMO....the shorters have picked the wrong stock......TLW looks far more vunerable to me.........and PMO is hugely undervalued.

[badger60] 22/10/2017 09:22

gregpeck
.......but the management, as you can see, are struggling to develop/monetize them...especially carrying such a huge debt burden.....
As I said before, on a "like for like" PMO should be at least x5 the current share price .......if not more......

[badger60] 22/10/2017 09:14

Marve.....You really should check the facts before posting b/s about TLW's "competent" management......and the CEO is paid x2 what Durrant gets....

TLW overview Extract from Wiki.

In 2012 there were some production delays at the Jubilee field[19] but the Company announced on 13 February 2013 that production issues at the Jubilee field had been successfully and cost-effectively remediated and that production was now at around 110,000 bopd with an expected 2013 year end exit rate of over 120,000 bopd.[20]The firm and its leadership were criticised in January 2013 after a decrease in its share price. This was reportedly because the company had failed to reach production targets at a project in Ghana because of 'operational hiccups'. This prompted the broker Investec to rate the company a 'sell' and decrease its target price.[7] Also causing problems were the oil fields known as the TEN that Tullow discovered off the coast of Ghana. The fields were a significant find but the projected development cost of the fields was estimated to exceed $5 billion, which is too much for a firm of Tullow's size.[7] The Company has suggested it may reduce its share in projects to help reduce the cost burden of developments.[6]

In Uganda, Tullow and its partners (CNOCC and Total) continues to work with the government of Uganda on the development plan for Lake Albert which is to include a local refinery and international pipeline.[21] In April 2014, Tullow braced itself for a substantial investor backlash over excessive payouts to senior directors at the company. CEO Aidan Heavey came under particular scrutiny after it emerged that his pay had risen from £2.6 million to £2.8 million in 2013, despite Tullow's share price decreasing by as much as 30 percent during that period.[22]

[steve73] 22/10/2017 09:00

TLW has about 2x reserves (P2 & 2C) as PMO (not including Zama), although in the current relatively low oil price situation you could argue that any reserves that are not in production or in development are worth little anyway.

Be interesting to get an update for both with the full year results, by which time PMO should be producing far higher than TLW.

[gregpeck7] 22/10/2017 08:49

Badger I prefer Tullow licenses though. They have some world class fields.