Harbour Energy Share Discussion Threads

[onedb1] 02/7/2019 15:21

Another rollercoaster day . So glad now they hedged 42% of oil entitlement at $69 . At first I wasn't so sure it was a good idea . But have to take my view back. PMO is selling oil with over $20 a barrel gross profit. Even today on a down Brent day .

[adg] 02/7/2019 14:15

I have spoken with her many times, very helpful, very knowledgeable and gets the issues we all despair at. (don't forget most PMO employees will hold shares in schemes and will want share price up themselves)

I also get the impression that Zama, once fully appraised, could well be sold.

Also got the impression that Sea Lion is a done deal.

[jelenko] 02/7/2019 12:58

I got the impression that Zama is very much for sale.

[lageraemia] 02/7/2019 11:08

I think that was a great performance by Ms Brooks there. She wasn't just presenting that, she was FEELING it.

[steve73] 02/7/2019 09:55

Proactive video link added to the header..

[lukehold] 02/7/2019 01:00

Almost a penny per year

[manics] 01/7/2019 16:42

Great watch -thanks. Clickable:

Company celebrated its 85th birthday a couple' weeks ago! We missed that... (cue sad_party_blower.gif).

[frankmcalorum] 01/7/2019 16:33

This is worth watching

www.proactiveinvestors.co.uk/companies/stocktube/13932/premier-oil---proactive-s-oil-capital-conference-june-2019-13932.html

[s34icknote] 01/7/2019 15:45

Next leg up !Sicknote

[edjge2] 01/7/2019 08:19

I think we havn a bull so I'll add on the dips

[ny boy] 01/7/2019 08:14

Onwards & upwards, same with CTEC!

[gibman] 30/6/2019 10:15

The upgrading of Zama by PMO should also result in an increase in design throughput. I would suggest 200 kbpd rather than 175 kbpd may be more appropriate.
It will be interesting to see the field facilities configuration as they may be looking at bringing the fluids ashore and minimizing offshore facilities. This would speed up the development. I would think PMO will look at innovative financing with the service contractors to minimize cash outflow.
I believe the main delay in Sea Lion is finding a partner to take a 20 or 30% share of the project. As soon as a partner is found the project will go ahead. Debt is the man problem for the PMO share price This will give PMO a cash boost of say $300mm. Over 2019 the debt will come down about $300mm through cash flow and coupled with the sale could see PMOs debt pile down to about $1.7bn by the end of the year. EBITDA will be about the same for 2019 at $900mm so the ratio will be 1.8/1.9.
Tolmount east will add 25mm boe (possibly more) to partially offset the reduction in Sea Lion.

[leoneobull] 29/6/2019 23:36

"A Scotsman, an Irish man and a Brexiteer walk into a Wetherspoons pub. The Scot orders a whisky and says, "it's not because I'm Scottish but I really do love whisky." The Irish man orders a pint of Guinness and says, "it's not because I'm Irish but I really do love stout." The Brexiteer orders Champagne and says, "it's not because I only drink the best but I really couldn't stomach anything foreign."

[colebrooke] 29/6/2019 22:44

Saudi Arabia oil minister Khalid Al-Falih confirms deal with Russia to extend the #OPEC+ deal (more than 12 hours after Putin announced it) #OOTT Our earlier story is here: bloomberg.com/news/articles/...

[colebrooke] 29/6/2019 20:17

SAUDI ENERGY MINISTER FALIH SAYS AGREEMENT BETWEEN RUSSIA AND SAUDI ARABIA AT G20 TO EXTEND OPEC+ OIL CUT PACT FROM JULY WILL REDUCE GLOBAL INVENTORIES, BALANCE OIL MARKETS

[manics] 29/6/2019 12:23

Courtesy mt150, LSE:



“The Saudi-Russia deal, combined with a positive outcome from the U.S-China trade talks at the G-20, should allow oil prices to move higher,” said Amrita Sen, chief oil analyst at consultants Energy Aspects Ltd. in London.

[rationaleee] 29/6/2019 09:52

Good to see Burgos basin in MX has some attractive prospects that PMO is keen on and that too in Shallow waters.





"The company Premier Oil will invest 20.6 million dollars (around 400 million pesos) in exploration of shallow waters of Mexico, revealed the National Hydrocarbons Commission (CNH).

These are the contracts CNH-R03-L01-AS-B-60/2018 and CNH-R03-L01-AS-B-57/2018, obtained during the oil round 3.1 carried out in March 2018, detailed the Governing Body at its extraordinary session number 35, during the approval of its exploration plans.

The largest proportion of the costs is for geological activities in exploratory and geophysical studies to the reprocessing and interpretation of seismic data during 2019 and 2020.

The objective of the exploration plan for the contract areas is to evaluate the oil potential in the plays of the Miocene and Oligocene, as well as to mature the opportunity identified in Jacana, Sheartail and Chacalaca,

The contract areas are located off the coast of the state of Tamaulipas in the Gulf of Mexico in the basin of Burgos in its marine region, with water straps between 30 and 60 meters deep."

[manics] 29/6/2019 04:53

I keep saying there's a blue thread already! The community has chosen not to use it, which is fine. Even if you went blue Steve73, you couldn't change moderation privileges on this thread as it's been set up as a FBB, not PBB. So any which way would require a migration (which to date there hasn't been any real appetite for).


PMO Financial calendar:

17 July 2019
Trading and Operations Update

22 August 2019
Half Year Results for the 6 months to 30 June 2019

[nav_mike] 28/6/2019 21:50

Was looking for a reason for the sudden blip down in Brent - found this



Would UK and others really risk US sanctions to support Iran?

[stansmith3] 28/6/2019 20:43

the only one doing the trolling is youjust think about that

[whiskeyinthejar] 28/6/2019 20:17

Hope you have good weekend adg. Sounds like you deserve it. Ignore the troll. I'm off to pub.