Harbour Energy Share Discussion Threads

[rationaleee] 21/9/2018 21:01

Rtrs reporting 500kbpd production increase being discussed over at the OPEC meeting this weekend.

On a side note, has anyone noticed the UK Gas prices? Currently 77p/therm and Dec close to 83p/therm. PMO pumps 17kboepd of gas in UK - Huntington, Elgin Franklin... Gas prices at 80p/therm, Tolmount gas field has breakeven around 20p/therm, Tolmounts 25kbpd production at these gas prices and another £1bn market cap could very well be attributed to PMO by Tolmount alone?

[chopyead] 21/9/2018 20:33

What happened?

Looks like the finance guys gave Durrant a call and asked him what he was doing letting the share price get above £1.23 and closed shop pronto!

x

[rationaleee] 21/9/2018 18:52

Talos Energy (NYSE:TALO) says it has reached a preliminary agreement with Mexico's Pemex to evaluate whether the Talos-led consortium's oil discovery in the Gulf of Mexico extends into a neighboring Pemex block.

The deal, which covers territory in the shallow waters of the Gulf of Mexico, is the first of its kind for Pemex and will be in force for two years.

Last year, the consortium, which includes the U.K.’s Premier Oil (OTCPK:PMOIF) and Mexico’s Sierra Oil and Gas, said its Zama-1 well drilled in the Area 7 shallow water block confirmed the discovery of a deposit that could hold 1.2B-1.8B barrels of oil.

The project will be subject to a review by Mexico's incoming government led by president-elect Obrador.

[ggm5d] 21/9/2018 16:11

OPEC supply hike. Last chance to get out before the weekend folks... I will be looking to buy at 115p next week.

[jelenko] 21/9/2018 09:26

It is 25% I have checked, The article in Oilprice.com relating to the government contract review stated 10%. They are wrong

[fireplace22] 21/9/2018 09:20

The Block 7 Consortium comprises Talos Energy (Operator, 35% interest), Sierra Oil and Gas (40%) and Premier Oil (25%).

[jelenko] 21/9/2018 09:18

Is it not 10%

[markymar] 21/9/2018 09:07

It's a 1 billion barrel field which PMO hold a 25 % interest in

[cumnor] 21/9/2018 08:53

Yea, nice. Anybody with more technical nous care to remind us again how big, please? Market seems to have forgotten this.

[onedb1] 21/9/2018 08:42

ZAMA is an exciting massive discovery . I can't wait for the news flow to kick off as this is big

[steve73] 21/9/2018 05:57

Chopy, I was hoping they read this board.... ;-)

Stena Natalita looks to be heading to the Cat. Last AIS was 5 hours ago as it rounded Fraserbrugh heading directly there, even though the Destination still shows Macduff. Probably be there at first light.

[chopyead] 20/9/2018 17:09

Lol but they wont.

x

[steve73] 20/9/2018 14:21

Brent almost touches on $80 and shies away.. meanwhile WTI powers through $70 and stays over. Both grades now in Backwardation.

I've updated the WTI chart in the header today.

And... by my guesstimates, Catcher will have produced 10 MM bbls of oil sometime during the next week. It would be a worthwhile milestone for PMO to announce this.

[whiskeyinthejar] 20/9/2018 14:20

Trump rattled POO briefly. WTI is now back to pre -tweet level, brent still recovering.

Donald J. Trump@realDonaldTrump
We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!

12:13 PM - 20 Sep 2018

[excellance] 20/9/2018 12:34

Premier Oil is no more, now part of Harbour Energy PLC HBR.LON

[ggm5d] 20/9/2018 10:38

Sold @ 125p. Might seem indecisive but oil is being weird and friday selloff?

[ggm5d] 20/9/2018 07:55

If we break 80 oil then pmo to 150+?

[oilretire] 20/9/2018 07:05

Good morning Mr $79.60 :-)

[andypop1] 19/9/2018 23:11

One (dB),
You mentioned the Zama appraisal, do you think the company and their partners will go on to develop it given the Talos company ethos?
Can PMO afford to develop it?
A sale of the asset will most likely happen, unless the new Mexican regime find any wrongdoing during their investigation.
How long will the pre-unitisation agreement take with PEMEX?
Until then the asset has next to no resale value, other than to PEMEX.
You can see where this is going, can't you?
You never did answer my previous question, no surprise there, are you going to take up your entitlement on those 40p EnQuest shares you thought were a bargain?

From the recently listed Talos website, note the comments regarding the US operations and then those about Mexico, do they have any infrastructure there?


“President and Chief Executive Officer Timothy S. Duncan commented, "We are happy to have a significant impact in the most recent federal lease sale so shortly after the completion of our combination with Stone. Our Exploration team has been focused on expanding our inventory around our production facilities, and the results of this lease sale reflect those efforts."

"We were the apparent high bidder on approximately 75,000 net acres covering multiple prospects, which represents approximately $71 per acre and highlights the competitive acreage cost in our basin. This lease sale result illustrates our strategy to focus on fixed-cost infrastructure-led exploration where we can achieve superior economies of scale and robust economics."

Even though Talos was the high bidder on these blocks and expects to be awarded these leases, the BOEM reserves the right not to award some or all of the blocks based on their minimum bidding criteria. Actual award results will be known in the coming months.

ABOUT TALOS ENERGY

Talos is a technically driven independent exploration and production company with operations in the United States Gulf of Mexico and in the shallow waters off the coast of Mexico. Our focus in the United States Gulf of Mexico is the exploration, acquisition, exploitation and development of shallow and deepwater assets near existing infrastructure. The shallow waters off the coast of Mexico provide us high impact exploration opportunities in an emerging basin. The Company's website is located at www.talosenergy.com “

[rationaleee] 19/9/2018 19:55

Mexico’s incoming government has begun its promised review of oil contracts, starting with a major project won by a consortium led by U.S.-based Talos Energy, the country’s next energy minister said.

Set to become Mexico’s first leftist leader in modern history when he takes office in December, President-elect Andres Manuel Lopez Obrador vowed during the campaign to review all oil contracts awarded under his predecessor for signs of corruption. He won a landslide election victory in July.

Officials with Talos Energy, which also holds a 45% stake, and Premier Oil, which has 10%, did not respond by Sept. 18 to requests for comment.

The CEO of Sierra Oil & Gas, which holds a 45% stake in the project, welcomed the review.

“They should check everything,” Sierra CEO Ivan Sandrea said in an interview. “Along with the entire industry, I’m most interested that they clear up all of their thoughts that there was manipulation.”

The consortium secured development rights for two blocks in 2015 during the first oil auction launched by the outgoing government of President Enrique Pena Nieto, following a landmark energy overhaul that ended the decades-long monopoly enjoyed by national oil company Pemex.

In 2017, the consortium, which also includes Britain's Premier Oil and Mexico’s Sierra Oil & Gas, said its Zama-1 well drilled in the Area 7 shallow water block confirmed the discovery of a deposit that could hold between 1.2-1.8 billion barrels of crude oil.

[asa8] 19/9/2018 19:54

Wouldn’t surprise me if there’s a fundraising coming here and them on the inside know big Tone is going to shaft shareholders again

[marvin9] 19/9/2018 16:48

All other oil stocks up. PMO Down?

Share price manipulation?

FSA?

CEO?

Lizzy Lips?

[emilio] 19/9/2018 15:13

Starving ya full time idiot