Harbour Energy Share Discussion Threads

[bgwesley] 01/8/2018 08:28

Steve73, someone on the lse board reported around that time that there was an offload to Navion Oslo.

[steve73] 01/8/2018 08:11

The last offload I have noted was on 15th Jul (Stena Natalita), so I was expecting one around 25th. I could easily have missed it though since Catcher remains "blind" on AIS for much of the time.

[oilretire] 01/8/2018 08:06

Indeed, and there'll always be a hiccup or two along the way whether it's finalised or not.Uptime will improve as both the process and the crew bed in and gain experience of each other :-)

[rationaleee] 01/8/2018 08:00

Steve - I thought it was expected Tue this week based on someones comments I read, as I didnt keep track of the last offload myself. Roughly 8-10 days is the duration and offloads can be averaged around 500-600k loads according to IR. We must also remember FPSO has not been accepted yet and the final testing has recently begun.

"BW Offshore is pleased to announce that the FPSO BW Catcher has successfully completed a 168-hour performance test. The final acceptance certificate is expected to be received after review by the Catcher joint venture partners.

The FPSO is operating on a full day rate since the start of the third quarter. The one-off impact from the start-up activities on the financial result in the second quarter of 2018 is expected to be within the previous guiding. "


hxxps://globenewswire.com/news-release/2018/07/12/1536309/0/en/BW-Offshore-BW-Catcher-update.html

[steve73] 01/8/2018 07:50

thanks rationlee... I make that a few days later than expected (for 50-60kbopd), unless I missed one last week - in which case we're maintaining 60+

[rationaleee] 01/8/2018 07:15

Amundsen Spirit reached Catcher yesterday for another offload....

[deanroberthunt] 01/8/2018 07:02

6 months results soon, 23rd I think, expect those to be very strong compared with 2017...for obvious reasons....should provide another reason to lift the value of this very undervalued stock....

[steve73] 01/8/2018 06:45

Brent chart rolled in the header.
Interesting to note that Brent is in slight contango, whereas WTI shows small backwardation.... at least over the 2 front months... this suggests to me the Brent premium will increase...which of course is good for us.

[seangwhite] 31/7/2018 09:02

Should see a new 52 week high in August.

[deanroberthunt] 31/7/2018 08:58

when this is north of 3 squid, peeps will still be whinging....

[asa8] 31/7/2018 08:56

Cheers steve

[steve73] 31/7/2018 08:07

Good news - but pretty much expected so I'd not expect much effect on the share price

asa - I'd guess just a few less games since there's still a load of warrants left to be hedged (edit 8% more dilution from here by my calc).

[asa8] 31/7/2018 07:58

Does that mean no more games

[marunam2] 31/7/2018 07:35

how strong is the reaction to this going to be ?

[deanroberthunt] 31/7/2018 07:17

I reckon of the 10 ducks to line up since 2016, 9 are now in line.

[onedb1] 31/7/2018 07:14

Good at last .

[deanroberthunt] 31/7/2018 07:07

convertible bonds no more.....up and at em :)

ain't no stopping us now, we're on the move...

[adg] 30/7/2018 23:11

In Aberdeen for 3 days visiting clients - staying at village hotel, arrived at 9pm and directly opposite my room Window is the premier oil Offices about 50 metres away across a courtyard (with a sports area) - surprised at how many offices were still lit and some occupied so Late ! Very Encouraging to be honest !!

[adg] 29/7/2018 12:35

Yes we (the Long Termers) are all DOOMED to make unfeasibly vastly more amounts of profit!
I’ve just been discussing the “winter home” location with my good lady....

[leoneobull] 29/7/2018 11:36

https://www.wsj.com/articles/as-oil-industry-recovers-from-a-glut-a-supply-crunch-might-be-looming-1532775605Tis coming . We are doomed

[mercer95] 27/7/2018 09:53

Even better Steve, I only did a quick search on the production numbers,as long as production is stable/ increasing & the debt is getting paid off I’m happy enough.

[steve73] 27/7/2018 09:32

Merc - we were at 76.1 kbod during H1, and this was with Catcher ramping up. Since our FY production guidance is 80-85 kbod, we need to be averaging 85-95 kbod during H2, and the recent TU actually confirmed we were at over 90.

So I'd suggest we're currently producing at a higher rate than TLW. (...although I do realize that PMO's production is a higher gas mix than them..!)

[mercer95] 27/7/2018 09:11

Could be Steve, not massive volume but good to see Premier in the blue this morning, I still think PMO is undervalued long term, 75,O00 barrels a day average for Premier & Tullow is on around 85,O00 barrels a day but still a big difference in their respective share prices.