Member Info for kign

all this downward pressure because of LC's shares? that's quite a small volume right?

lol we are all speculating to a certain extent. this share is getting manipulated to an extent that the numbers reported do not reflect its performance.

they have not happened yet but could potentially happen if things go really wrong e.g. coller capital just got involved with this share, they are known in the industry to be specialised in private equity secondary markets. it may just be GIC's shares for now but if they are unable to offload it, it'll be offered to the public at a predetermined price but not issued by harbour i.e. secondary public offering

you can see now why this share is turning some of us crazy or bitter :)

other unknowns to add to the list includes secondary public offering of EIG/other large holders' shares, debt restructuring that only benefits EIG & partners, voluntary exit of Zama like Sea Lion, more Chinese trouble in Tuna, pipeline problems in the North sea especially those on cost sharing terms, etc

unlikely as they have already inherited 4b of tax credits from premier oil. even then I would say it's better to pay the tax now rather than risk a windfall tax.

hope they are not going back to rosetti

first of all, why Mumsnet? very poor of mass media not to highlight sunak's full quote, even for BBC that claimed to be non bias:
https://www.bbc.co.uk/news/uk-politics-61244541

He already highlighted oil & gas pays double the tax of other companies, so putting another windfall tax will discourage further investments in the UK. watch the full interview here starting at 10:58

https://youtu.be/ZQN_8RHOF-I

bushmanbob, don't mean to offend you... of course production efficiency is important but I'm just saying hbr needs to publicise more of the opportunities seen in the exCOP/BG assets to show investors that there's still future growth of that 200kboepd. most of us here have been invested in pmo since the ARCM days and hence more familiar with it. there's a need for management to highlight these as hbr no longer have that many shiny new mega projects in their pipeline.

it's not all positive but the ones being reported in recent months are:
- Tuna: very good appraisal results although getting disturbed by the Chinese
- Zama: FID soon although Ryder Scott will lose alotof future business with their pemex report
- tolmount: +15-20kboepd
- catcher: +3kboepd
- timpan: exciting multi TCF prospects near existing LNG infrastructure
- sea lion: not good news here but at least company can move on now
- chimsao: 2 infill wells +2kboepd
- Solan: originally from chrysaor but you can't make **** any better

shared assets i.e. a percentage from pmo/BG: Elgin Franklin: +2kboepd

only thing I hear about Conoco/Shell assets are:
- dunnotar: PK may be fired for bigging this up
- jade south/rd: +8kboepd
- Talbot: there's a reason why it went through so many operators and not developed, maybe it'll do good now
- buzzard: +3kboepd, disappointing phase 2
- LAD: +4kboepd
- v net zero
- Storr: +1kboepd

so let's see the score now:
- exPMO: +20-25kboepd
- exCOP/BG: +16kboepd

if you look into the FY21 results and look at the reserves booked, the reserves downgrade for exCOP/BG is maddening too!

they were quick to release an RNS when they drilled the non commercial dunnotar though.

I don't remember shell doing that, so makes you wonder...

btw all the assets making positive news are ex-PMO. there seem to be nothing great from the Conoco/Shell ones.

it's to prepare the entry of GMO food corp into this country!

and yes for gas price to stay high

I think only way for HBR to match that is to get out of some of the restrictive covenants that require up to 80% hedging of the gas production if I remember correctly from one of the earlier CMDs...

have a look at sqz, zero debt now, 30kboepd, 600m fcf projected with significantly less hedging, market cap 1b, ev/fcf=1.7. big question as to how they are going to maintain production with such a low capex spend and if gas prices will stay this high into the future.

hbr, assuming zero debt end of the year ev/fcf=2.3. these high% gas hedges are limiting the upside significantly currently.

my numbers are using oil price of $100/bbl and 141p/therm

maybe waiting for EU's upcoming full Russian oil/gas embargo after results of French elections...

hopefully it's just a large tranche that they are reporting and this is the first of many TR1s. May not be a coincidence that there are acquiring more while GIC is offloading

getting really confused who is who, please just use that one account you guys have instead of posting with your different accounts ??

this looks really good, could be a company maker!

yes cigam, oil & gas wells do produce 24/7 but they usually shutdown in summer for maintenance. however this is usually accounted for in the projections.

next brk purchase? don't think there's need to disclose in sec form 4 if not listed in the US.