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Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32

Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$95 = $4.75m

Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)

Daily total cash = $17.55m
Operating expenses= $3.2m
Daily operating cash flow = $14.35m

Annual operating cashflow =$5,237m
Less capital spend $1,200m
Less Interest $100m
Less divis $200m
Less buybacks $200m

FCF AND NET DEBT REDUCTION in 2022 = $3,537m !!
We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards

ATB
DYOR

Say low end 200kboepd production next 12 moths, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$32

Hedged oil daily cash = 50k @$67= $3.35m
Unhedged oil daily cash = 50k@$95 = $4.75m

Hedged gas daily cash = 66k @$32 = $2.31m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)

Daily total cash = $17.55m
Operating expenses= $3.2m
Daily operating cash flow = $14.35m

Annual operating cashflow =$5,237m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m

FCF AND NET DEBT REDUCTION in 2022 = $3,437m !!
We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards

ATB
DYOR

And this is based on results before the recent astronomical rises in gas prices !

Still vastly undevalued - 600p is 30p in old money, and that was achieved when oil and gas prices were low, debt was much higher, Tolmount not up and with no Timpan discovery

Doesn't make sense at all

Fantastic results as they are, these are all before the huge recent sustained gas price hike

What H2 results will look like makes me weak

This is a multibagger over a 12 month period from here imo

GL All

Soder
Why would you want to be invested in any other company - cashflow and future prospects are jaw dropping here -but valuation still rock bottom !! Only a matter of time before the market fully understands the investment quality of this company

LB

Looks very very achievable now - and 800p is not unrealistic

this is the best prospect on the LSE imo

Cash is flooding in from Tolmount £7m per day !!

Agreed Rookie1

We could buy back half the company with this years free cash flow !!

Gl All

We will hit GS target price of 609p by end September imo - Hbr is due a huge rerate, the results in two days will be the start of that

Ready for lift off

GL all

Say low end 200kboepd production in 2022, 50% oil, 50% gas

50% of oil hedged @$61.00, 66% of gas hedged @$26.63

Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$95 = $4.75m

Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$210=$7.14m (say average 300p per therm = $210 per boe)

Daily total cash = $16.7m
Operating expenses= $3.2m
Daily operating cash flow = $13.5m

Annual operating cashflow =$4,927m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m

FCF AND NET DEBT REDUCTION in 2022 = $3,127m !!
We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards

ATB
DYOR

...I WOULD PICK THIS ONE:

We have additional Tolmount gas production this year, assuming 20boepd
Current gas price = £4.55 per therm = 4.55* 58 * 1.2 = $316 per boe
ADDITIONAL annual income = 365 * 20,000 * 316 = $2.3 billion !!

That's more than half our current measly valuation !!!

I see £6 here very very soon

DYOR

From year end report, say low end 200kboepd production in 2022, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$26.63

Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$110 = $5.50m

Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$132=$4.76m (say 200p per therm = $140 per boe)

Daily total cash = $15.07m
Operating expenses= $3.2m
Daily operating cash flow = $11.87m

Annual operating cashflow =$4,333m
Less capital spend $1,300m
Less Interest $100m
Less divis $200m
Less buybacks $200m

FCF AND NET DEBT REDUCTION in 2022 = $2,532m !!
We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving on loan interest in 2023, so that should mitigate effects of WT
The very damaging hedges will start unwinding from 2023, meaning significantly more FCF 2024 onwards

ATB
DYOR

About half of HBR's production is gas !

280p per therm = $200 per boe !!

From year end report, say low end 200kboepd production in 2022, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$26.63

Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$110 = $5.50m

Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$132=$4.48m (say 180p per therm = $132 per boe)

Daily total cash = $14.79m
Operating expenses= $3.2m
Daily operating cash flow = $11.59m

Annual operating cashflow =$4,230m
Less capital spend $1,300m
Less Interest $160m
Less divis $200m
Less buybacks $200m

FCF AND NET DEBT REDUCTION = $2,370m !!
We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving on interest in 2023, so that should mitigate effects of WT

ATB
DYOR

These shares are being cancelled - zapped . That's it, they're gone forever !

This sp will rocket as buy back continues and results of increased Tolmont production, Timpan-1 drill and debt reduction come in over next few weeks

Short term target for me is £6

Any WT is not payable till Autumn 2023 - by then this company should be debt free !

huge drill - results cant be far

could be a company changer and open a new basin

From year end report, say low end 200kboepd production in 2022, 50% oil, 50% gas
50% of oil hedged @$61.00, 66% of gas hedged @$26.63

Hedged oil daily cash = 50k @$61= $3.05m
Unhedged oil daily cash = 50k@$110 = $5.50m

Hedged gas daily cash = 66k @$26.63 = $1.76m
Unhedged gas daily cash = 34k@$132=$4.48m (say 180p per therm = $132 per boe)

Daily total cash = $14.79m
Operating expenses= $3.2m
Daily operating cash flow = $11.59m

Annual operating cashflow =$4,230m
Less capital spend $1,300m
Less Interest $260m
Less divis $200m

FCF AND NET DEBT REDUCTION = $2,470m !!

We should be debt free by Christmas 2022 !!

WT not due till 2023. We will be saving $260m on interest in 2023, so that should mitigate effects of WT

ATB
DYOR

I fully expect HBR to be debt free in 2022, as any additional WT is not due till 2023

Fill yer boots time

ps Timpan-1 potential 'company changer' exploration well must be near completion

High impact drill results must be due soon .....

https://www.energyvoice.com/oilandgas/asia/372258/harbour-energy-set-to-drill-exciting-deep-water-andaman-probe/

This could be be a game changer for Hbr