Member Info for BaysilHope

Pleebs - yet again measured, precise and agree - do you think Linda's behaviour is ****ish type p take , keeping the boys happy, while the PI's drown. I thought the FCA had rules for this FFS....... Well at least one thing, this is a reporting milestone, hopefully onward and up. It will take time to avoid a short squeeze, unless Timpan 1 hits 12 TCF, come on baby or will they doctor the results ..????? FFS

Rookie on this point I agree with you - fecking scandal. She kept her lips closed on all WT, co-ordinated SP collapse and whatever to bag a £3 transfer to Mr C and all the ****roaches , where does he live, expect a call son.

Short squeeze - constantly humming in my mind - Shorters burning, Shorters burning, draw nearer, draw nearer. After yesterdays +200 sledging posts - the peace is deafening. Please lets get back to normality.

Cookie transferred the shares to hubbie on the 7th July when HBR was walked down to £3.00!!!. If she can do that - I would bet Timpan1 results are partly known - they should have hit TD mid week, so expect news soon and it must be good - reading between the lines. I got the maths wrong not math... +6m share x £3.00 profit is £18m, for keeping her happy per se. What a fecking liberty! It's part of the games, except we on the outside have to suck it up! EUH!

Where's NO FEAR after his sledging episode yesterday and price predictions?

LL of course as he's going to hold on - and at least make a cool +$6m in 3-6 months as this SP returns to more fundamental values. Other transfers should be the same, new entrants stand to double their money at this entry point (hence held down)and a guaranteed uplift if the SOL is reversed 10% buy back and profits pays the tax - win win - there will be a few bumps but lots of good news in the pipeline well before H1 - starting new week with WT hopefully.

Great point LL, the convergence of EIG & HBR objectives - excellent point agree and today Linda has transferred +6m to her husband, see RNS - FFS which my Mrs would transfer her pay, that's a start.

Britain's main oil and gas sector said it had secured some changes to a planned windfall tax but is seeking further allowances from the new Finance Minister Nadhim Zahawi, with the bill set to go through parliament on Monday.
The government changed the draft bill to set a firm end date for the levy in December 2025 and allow firms to reduce the tax by spending on decommissioning old fields and investing in the electrification of producing fields.
But OEUK also wants Zahawi to exempt smaller producers from the levy and for it to reflect the nature of investment and loss cycles in the industry which can stretch over decades.

Strike123 - totally agree and explained far more elegantly than Moi. Very few are mentioning the significance of SOL in this affair - pre sold and thanks again to Pleebs. GLA

Who's been persistently selling large volumes for the last 10 weeks? In my small world i guess 10% has been sold and covered by SOL - pre sold in advance. The SOL should have to unwind - so a 10% buy back over the next few months. Or is that too simple.

Most of the heartbreak - for someone's fing Tax bill!! Same happened in CNE where the SOL was huge, pushing profits to lower tax regimes. Hopefully the SOL will unwind by the H1 results and we get back to investing and not peeing about with someone's tax liability. Please.

News should be out soon - hopefully strong results. Fingers crossed - Monday = 62 days drilling.

Shirley the SOL will reduce compensating any share sales, in effect 10% of the share capital is already pre-sold in planning the management of the settlement of tax liabilities. As soon as this episode is over when can regain forward momentum and realise HBR true potential. I hope these jerks F Off asap.

Thx Pleebs - great insight - relief!!!! BH

Pleebs - can you expand on that please - I don't know the EIG entry point SP level to make large gains - but I take on board your view, do you think the SOL will fall off now? Thanks BH

I'm an IT dino - added Sky Glass - couldn't be f'ed with the grand kids. Started scanning the options and this is the way ITV has to go, or die. Klazy peeps on here hitting on the IT spend, etc - innovation is key - reinvent the brand - will take time, mkts will take time - other option die. ITV production is one of the best!!!! Well done and with recent acquisitions will grow. Strong cashflow - record results great divi.. need some buy backs, who knows, only 3 weeks to go to truth day, don't be short?!!!

North Sea bosses seek urgent windfall tax meeting with new Chancellor Zahawi
North Sea industry leaders are seeking an urgent meeting with the new Chancellor, Nadhim Zahawi, on the windfall tax.

The group has several key asks on modifying the Energy Profits Levy (EPL), which is due to go through parliament on Monday. Yesterday it was confirmed that the Treasury had made some key concessions over the controversial levy: inclusion of decommissioning tax rebates in the levy and electrification being included as part of investment incentives for the sector. They are pushing for:-

Recognition for companies who have invested through the “Covid-downturn” by allowing recent capital expenditure arising from 1 Jan 2020 to be deductible against the energy profits levy. These companies made significant investments despite historically low oil and gas prices (2020 Average – $42 Oil Price and 25p/therm Gas Price) and are now being adversely and disproportionately affected by the introduction of the EPL.
Recognition of the need for flexibility in using the EPL losses and the impact on investment cycles, particularly relating to decisions made in 2024/2025. There is concern that without the ability to carry back losses to the commencement of the EPL, there is a risk that losses will become stranded, and be a disincentive to invest in the latter half of the EPL period.

Support decarbonisation of supply by ensuring that decarbonisation projects, such as the electrification of production facilities sanctioned during the EPL window, should benefit from the EPL capital allowance even on expenditure which extends beyond that date. This measure would only be applied to capital expended inside the ring fence. To make this expenditure allowable, it is noted that there must be an extension of the EPL carry back which OEUK proposes is extended to 26th May 2022.

Have to ask why low life re-appear to diss an investment when all the fundamentals are sound and the criticisms just NOISE - what staggers me is the sheer effort that goes into the co-ordinated attack - which for me smells commercial co-ordination. Shorters take this more materially lower and HBR will be bought - no doubt - for 1.5years cashflow - you're killing the goose prats - grow up FFS. But there again Judas had is 30 pieces of silver and then killed himself for what he missed.

The hysteria generated by professional high frequency posting is getting boring FFS - the change in the Wt for decom costs and decarb is a major move and material reduction in the tax liability - in Sept before Tolmount POO $71 HBR was £3.85 - this SOL is a concerted effort to destroy PI's for a cheap bid or merger. Market manipulation and unjustified. crass reading, some of you guys should be ashamed of your greed and unprofessional tactics FFS. Cringe - backstabtrosous

When this first appeared Sept 21 HBR shares were £3.90 valued at £3.6bn see below, then Debt was $2.6bn!!!! Since then Neptune generated $2bn fCF in 2021 and paid $1bn divi. This year that could be $3bn FCF.
HBR is now valued at £2.7bn and Debt sub $1bn - so HBR is now £2.1bn cheaper to an acquirer than last Sept with $1.6bn less debt (which was a hurdle) and the SP dropping £0.9bn. Surely the BOD need to be aware of this risk FFS. Neptune also produce in Indonesia!! A reverse takeover would suit. IMO DYOR. Quote news below:-

Neptune Is Said to Consider Merger With Rival Harbour Energy
• Deal could create oil explorer worth upwards of $10 billion
• Private equity-backed Neptune also weighing IPO, sale
Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said.
Neptune, part-owned by Carlyle Group Inc. and CVC Capital Partners, is working with an adviser as it studies a potential combination with London-listed Harbour, the people said.
Harbour shares jumped as much as 7.2% in U.K. trading on Tuesday. They were up 2.3% at the close in London, giving the company a market value of 3.6 billion pounds ($4.9 billion). Neptune is also considering other possibilities, including an initial public offering next year or an outright sale, the people said.