Member Info for LEGENDS

Don't forget the next M&A anouncement......

Have you noticed that the company (and no one on here) hasn't mentioned since late last year moving to the 100. Got to wonder if that is no longer part of the plan due to M&A activity with a peer.

Not long before Iran becomes the centre of attention. US weapons, ammo and cash being diverted for a bigger prize. Lets see what that does to the market. Hopefully M&A in the O&G sector will heat-up. Is it time for Harbour to play with the big kids?

Bobster658, have a look at today and yesterdays energy usage: https://grid.iamkate.com/

Wind and solar only we would not be having this conversation due to power blackout. Madness.......

Don't forget, this is still Old UK only c.190 kboepd Harbour trading. The Trading & Operations Update on Thursday brings in the new World Wide c.475 kboepd, c. 1.5bnboe - 2P reserves, and c. 1.8bnboe - 2C resources, 60% gas / 40% oil, New Harbour Energy.

Where is the planet going oj?

I suggest everyone who has been brainwashed by one of the biggest mass cons watch Professor William Happer. This guy will expain in 1hr the disaster that is unfolding in the developed word.

https://www.youtube.com/watch?v=v2nhssPW77I

A merger with https://akerbp.com/en/investor/facts/ that would suit both parties going forward.

Kosmos (100k kboepd) are tiny in comparison.

Woodside, Hess, Aker BP, APA, & Marathon are all similar in size production to Harbour , around 400k-500k kboepd.

These companies are also Norwegian independents, US independents, & Australian independents.

Take your pick to become a 1m kboepd super independant at $10-12 boe.

Https://www.harbourenergy.com/investors/results-reports-and-presentations/

29 Nov 2024

Photo - see caption

Synergia Energy has announced an update to the Company’s Medway Hub Camelot CCS project, a 50:50 joint venture with Harbour Energy with Synergia as the nominated Operator.

Harbour Energy informed Synergia on 28 November 2024 that it intends to withdraw from the Camelot joint operating agreement and the associated carbon storage licence CS019.

Synergia and Wintershall Dea were awarded the Licence after a joint application was approved by the North Sea Transition Authority ('NSTA'). Wintershall Dea was acquired by Harbour Energy on 3 September 2024 and the acquisition included Wintershall Dea’s portfolio of CCS projects, including a 50% interest in the CCS project.

Synergia is committed to the CCS Project which is being progressed through the NSTA-prescribed work program and solid progress is being achieved. Harbour Energy’s decision to withdraw from the CCS Project is seen as part of a rationalisation of its CCS portfolio.

Subject to NSTA approval, the Company’s interest in the CCS Project will revert to 100%. The Company will seek to identify a replacement joint venture partner and will continue to progress the work program.

Synergia’s CEO, Roland Wessel said:

'The Company believes the Medway Hub Camelot CCS project has significant technical and commercial merit and has the potential to make a material contribution towards the UK Government’s net zero targets, with a target storage rate of up to 6.5 million tonnes of CO2 annually. The Company remains committed to progressing the project through to commercial operations and is pleased with the technical work undertaken to date on the project, which has reinforced its potential long term value to shareholders.'

Original announcement link

Source: Synergia

https://www.hl.co.uk/shares/shares-search-results/u/uru-metals-ordinary-usd0.01/share-charts

I think it's about 12 years ago since I received my first URU shares with the sale.
I received (if i i remember correctly) a £2k divi.

Here's hoping we can get the JV or 100% sale sorted by year end.
Can't see me lasting another 12....

Did someone get a sneak preview of the update, hence the spike in April?

If URU were to exist long term then he would still be on board and looking at Lithium prospects as stated on his arrival. It now looks like he parted ways due to URU taken a different path and Lithium is now off the table. In other words. URU might/will not exist long term. Hence we required someone with the following- Kyle Appleby Chief Financial Officer Mr. Kyle Appleby, CA, CPA, has over 16 years’ experience in public accounting and has been providing Chief Financial Officer and other financial accounting and compliance services to both public and private companies since 2007.

Well I did post last October that Warwick Capital were the elusive main bondholder. They now have one of their own on board- Shanil Shah: PARTNER & INVESTMENT PROFESSIONAL http://www.warwickcap.com/team/ You have to wonder where roofpussy (aka ceilingcat) fits into this setup.... Good luck to them getting Bentley financed and into production. The North Sea needs Bentley into production to create jobs.

Well that's it then. Ten years of my life and a six figure sum lost. http://www.fticonsulting-emea.com/cip/xcite-energy-ltd

highlandsbull. Correct. Cole has given Warwick and co a supposed $2.5 billion HO Field for the price of the bonds plus a $. As I said previously, Cole was advised by the BOD/Management Team at that time NOT to go down the bond route. The blame solely lies with the ?anker Cole, he thought he knew better than the oil men. Looking at the now five JUs sitting idle in Dundee harbour, you have to wonder if Bentley will ever produce another barrel of oil. All depends on the OP in the next few years I suppose.

highlandsbull: It was all to do with the BP Gulf spill. DECC bottled it... EXL attended a meeting with DECC with a jar of Bentley crude. The meeting got very heated and the jar was turned upside as proof that Bentley could never spill; ever. Decc are very much to blame for this fecking disaster, the share price tanked in May 2011 and never recovered. King Cole is the main culprit though. He went against the recommendation from the management team and signed Bentley over to WARWICK instead of pursuing the RBS RBL. WARWICK then shafted Cole two years later. He also refused a very handsome offer by Statoil back in the summer of 2013; pure greed. He also got numerous offers in late 2015 from a previous employee and his African based backers to pay the bond (and part of an African gas field as a sweetener) on the condition the previous employee was reinstated on the BOD. He refused stating he didn't require the money as all was still in hand. Guess what? In late 2016 he went crawling back to said employee but was told to jog on. Cole will get what's coming to him......

We will have the new owners update from FTI on Monday. http://www.fticonsulting-emea.com/cip/xcite-energy-ltd RIP all long suffering XEL shareholders....

7 June 2017 To all known shareholders Dear Sir / Madam Xcite Energy Limited – in liquidation (“XEL”) The purpose of this letter is to provide an update on the conduct of the liquidation following the Joint Liquidators’ letter of 21 February 2017, which can be found at http://www.fticonsultingemea.com/cip/xcite-energy-ltd. The sale of XEL’s assets In our previous communications we advised that we were working on a disposal of the shares (the “Shares”) XEL holds in Xcite Energy Resources plc, with one party and that discussions to conclude a transaction with this party were at an advanced stage (the “Transaction”). This remains the case and we continue discussions with all requisite stakeholders to achieve completion prior to 30 June 2017. As previously stated, unfortunately the Transaction will not result in a return of any value to shareholders. Following the sale of the Shares we will provide a fuller updated on the process and summary of the Transaction. Yours faithfully For and on behalf of XEL Ian Morton Joint Liquidator It's a disaster if they ?ankers get their money back.....

Will Matt and Barney pull it off? The rumoured Chinese consortium are running out of time; if they're still in the game that is. Mind you, what's in it for XER to pursue this sale? The only people to benefit from the sale are the BHs, not XER, and certainly not XEL. Bentley licence extension and development financing update Xcite Energy is pleased to announce that following discussions with the Oil & Gas Authority ("OGA"), the Secretary of State for the Department of Energy and Climate Change has extended the P.1078 licence containing the Bentley field until 30 June 2017. This licence extension is expected to assist Xcite Energy Resources plc's ("XER", the Company's wholly owned subsidiary) current process to secure the financing required for the approval of its Bentley Field Development Plan and to repay its outstanding senior secured bonds, which are due for repayment by 30 June 2016. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XEL&ArticleCode=au8eso09&ArticleHeadline=Bentley_Licence_Extension_Update