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I think we are being primed for poor results for Q1, sure 2023 will be in line with guidance but Q1 may not. People are not spending after XMas splurge and THG have not forecast this drop for Q1.
This could drop further before April, small spike before results and drop again after.
I agree with previous comment, this will stay low until the bigger holder wake up and do something. IMHO
Have I missed something, we is everyone getting excited on the back of a clip showing tape being loaded into a video recorder. Look back this guys previous posts, most are pure speculation and often wrong. Hopefully I’m wrong but not holding breath. GLA
From someone close to process. Also, If you look on website offshore technology.com you will see that “Shell have selected three bidders” and Prax are not one of them.
Prax thought they were in prime position to buy Shells SNS assets. There are no longer on the running and Perenco are now favourites to buy these assets. Where now for Prax?
Maybe - Solan & Hurricane (this would equal two producing assets) don't have to own Aoka to own/gain the resource/reserves.
Sounds to good.
Could this be Hurricane?
Viaro Energy CEO Francesco Mazzagatti said the firm is at “very advanced stage” of an acquisition for “two large production assets”.
P8 is being worked on now & consent waited regarding flaring. Talks also ongoing with Spirit ref. JV but less hopeful. If consent given plan to drill P8 H2 2023.
If consent not given then future is less clear.
If a buyer comes in before then all the better.
IMHO
Sitting on threshold of being ejected from fuse 100. This share continues to disappoint. From the Prem Oil days to HBR, never follows the trend for long. Oil goes up HBR goes down, oil goes down HBR goes down.
With a pretty full drilling program ongoing & upcoming, the investment offset will limit the impact of the Cash Grab on HE.
Drilling at Catcher, J.Block & upcoming Tolmount East.
Perhaps some of the final costs for Tolmount to count also.
11% drop way overdone, this will be back up next week IMO.
Petro Atlantic sitting 50km's off Aoka.
Why stopped after coming back to offload?