Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
LINK WITHOUT REGISTERING: https://archive.ph/Hf3b9
to be fair, there are no operators on the list: https://www.heraldscotland.com/news/homenews/20160495.windfall-tax-oil-gas-industry-calls-johnson-reject-proposal/
The 31 signatories are from: 3T Energy Group, Aker Offshore Wind, Apollo, Aubin Group, Baker Hughes, Bilfinger, Blade Energy Partners, Carjon-NRG, Dron Dickson, Exceed, Fennex, Global E&C, Halliburton, Hydrasun, ODE Asset Management, Offshore Water Management, Optimus Plus, PD&MS Group, Petrofac, Ponticelli, Prodrill Energy Resource Solutions, Semco Maritime, Stork, Subsea7, TechnipFMC, Tees Medical Services, Texo Group, Three60 Energy Group, Vysus Group, Wood, and Worley.
https://www.energyvoice.com/oilandgas/asia/370392/harbour-moving-fast-to-commercialise-tuna-discovery-in-indonesia/
Sources told Petromindo that “Singa Laut-2 tested 22 MMCFD of gas with high condensate while Kuda Laut 2 flowed 3,043 bpd and a gas rate of 3.4 mmscfd and 2,270 2.270 bcpd & gas rate 10.4 mmscfd.
Better news than a marginal discovery for sure.
Just to clarify that tweet about the baby seal is from last year!
I hope it's not another baby seal delay:
https://twitter.com/PDPorts/status/1282973511259226112?s=20
this reminds me of the ARCM "hedge". FCA has unfortunately encouraged it with such a small fine, it should really be considered a commission. They need to take action fast and hard now. strip off all profits + 100M fine to make a statement!
Everything else is in RBL, relatively low interest l + 3.25%. North sea assets require significant cash in an escrow for decommissioning fund that is already accounted for, no surprises there.
All the costs associated with producing oil/gas is averaged as opex of around $16/bbl. 4B tax credits inherited from PMO so no more UK tax for few years. All the hedged volumes have also been released as public information. everything is there for you to make a quick calculation.
priced at 5.5%:
https://www.ifre.com/story/3084469/harbour-energy-usd500m-5yr-nc2-snr-note-550-nvg24qscyz
why didn't HBR publish an RNS for this?
yes HC, it's written in the RNs and not speculation:
Harbour Energy intends to use the gross proceeds of the Offering to repay in full and cancel its Shell Junior Facility, partially repay drawings under its senior secured reserves-based lending facility and for transaction fees and expenses.
the oil and gas industry tries to minimise it's footprint actually as the more steel you have offshore the more maintenance you need to make. this article has a nice photo showing the size difference of a drilling rig and tolmount platform:
https://www.oedigital.com/news/489320-harbour-energy-delays-north-sea-field-start-up-as-platform-issues-found
yes, there are plenty of nui platforms that work, it's not unproven but there are many sensors onboard and downhole, it might take time to diagnose what's going on.
https://archive.is/bEW8c
Hedge funds cash in as green investors dump energy stocks