Member Info for Beetham

Congratulations all serious GGP holders !

The perfect scenario seems to be unfolding.

Very happy that my wife is still a holder here!

Stephen

Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist. From 2010 to 2013, Slim was ranked as the richest person in the world by the Forbes business magazine. He derived his fortune from his extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso

Carlos Slim ! Wow

This is what was agreed Autumn 2022....

The Energy (Oil and Gas) Profits Levy Act 2022 will be amended via Autumn Finance Bill 2022.

The Act includes a sunset clause at section 1(3) which means that the levy will expire on 31 December 2025. The levy will be extended so that it expires on 31 March 2028.

Section 1(1) of the Act will be amended to increase the rate of the levy from 25% to 35%.

What we all want/need is for this to be amended this coming week! Only a few more days to wait. Any meaningful positive changes could have a dramatic effect on the HBR market cap.

Good luck to all our serious holders. Stephen

Totally agree with you Lochnagary something is coming and I think this is the reason HBR have delayed the release of the trading statement this year normally its start of November and this time its end of the month. Good Luck. SB

Just MMs playing games nothing to worry about. They were happy to offer to buy 100,000 shares at 19.2 just before the close today so that says it all really !

Sorry

Orcadian Energy !

Trading update 29th HBR will announce they are the new partner on the Pilot ORCA North Sea project.

I'm about 90% sure I'm right on this but lets see ! Good Luck all serious holders I'm in both. Stephen.

At what price ?

370p a share Capital raise sounds sensible to me.

This ship is heading the right way. All good here.

I think they have around $7m spare extra for buybacks as the last dividend payment only came to $93m out of the $100m. All good.

(Bloomberg) -- The epic downfall of what was once Asia’s largest commodity trader took another turn, with Noble Group Holdings Ltd. laying out plans for its second restructuring in three years.

The company said Friday it had reached an in-principle agreement with creditors and will reorganize the ownership of some assets after its debt reached an “unsustainable” level. The process will see its debt fall to about $500 million from about $1.5 billion now.

Formerly a behemoth of Asia’s commodity trading landscape with a market value of more than $10 billion, Noble has collapsed into a shell of its former self amid accusations of improper accounting -- which the company denies -- and billions of dollars in losses. The trader undertook a multibillion-dollar debt restructuring in 2018 which converted much of its debt to equity and handed control to a group of hedge fund creditors led by Taconic Capital Advisors.

Mike. See Below I think you will find some of the big recent trades were linked to this and that Taconic control Noble.

August 7, 2023 — Noble New Asset Co Limited (the “Issuer”) announces today that it is inviting Eligible Holders of its outstanding $563,523,751 Tranche B Senior Secured PIK Notes Due 2024 (the “Notes”) to exchange a portion of their Notes (the "Exchange Offer") for ordinary shares in Harbour Energy plc (the “Shares”). Concurrently, and as a single proposal with the Exchange Offer, the Issuer is soliciting consents (such consents, the “Consents” and such solicitation, the “Consent Solicitation”) from the Noteholders to amend certain terms and conditions of the Notes and the trust deed dated 20 December 2018 (as amended and supplemented from time to time, the “Trust Deed”).

Also If you check half year report 2022 you will see they announced an extra 100M for buybacks through to year end but not this year ! So definitely something going on.

Look at the Financial Calendar on Harbour website...

NO UPCOMING EVENTS ! (Never seen this before the company has always listed all events to year end)

Why ? Delisting/Buyout/ Merger ? Definitely something going on that's for sure.

Also buybacks end in two weeks time at current rate even when half year report said buyback to be concluded by year end.

Whatever it is I believe it will be beneficial for holders so I'm staying in fully !

Good Luck to all serious shareholders,

Stephen

No one seems to have mentioned on here that at the current rate of buying back 550,000 shares per day the 200M will run out just before the half year results assuming an average buy back price of under 300p per share.

Maybe another 100M or even 200M announced then for the rest of the year ?

We Don't want 4's Indy105 we want to stay at this price all the time the buybacks are happening !

Very happy to have acquired 1.5M shares here and aim to hold them firm for the next few years.

Good luck to all serious holders. Stephen

Tullow Oil will host a Capital Markets Update at 09:00-12:00 GMT on Wednesday 7 December 2022.

Presentations will be given by the Tullow management team and will be broadcast live. A link will be provided in due course.

What a gift ! Added 1.5M shares here today before an exciting run up to end of the year. Good luck ! Stephen

· Tullow's standalone business plan for 2022-25 is expected to deliver c.$1bn of free cash flow at $75 per barrel and nearly $2bn over the same period at $100 per barrel;

I'd be very happy holding just based on the base case above from the latest RNS without all the extra potential value add ons that we know about ! Each to their own I'm a happy holder here. Stephen

Well ! I'm actually pretty chuffed the deal has fallen away as we managed to survive as a company so far without issuing any new shares and if we just focus on what we have and keep a small stake in Kenya along with debt reduction to circa 1B then share buybacks and divs are on the cards along with my 200p target. Good luck all serious holders, Stephen