Member Info for Miniforvalter

Just reminder that yes oil are down - but gas prices are up more......
Harbour are:
100.000 bopd oil
105.000 boepd gas

Brent are testing trend

https://twitter.com/Jesper_M_Olsen/status/1600108518555545600?s=20&t=bhYx710Q84Z_Vy45O0eQYw

Taconic Capital Advisors UK LLP now 1.85% 1 Dec 2022

Harbour has for 2023
30.000 bopd oil hedged at 74$
70.000 bopd oil are unhedged
60.000 boepd gas are hedged at 28$
45.000 boepd gas are unhedged - currently above 250$

more then 115.000 boepd are unhedged or 50% more then ITH total production

ITH - net debt 1.143M$ end Q3
44000 boepd oil
24000 boepd gas
3000 boepd NGL
At 30 September 2022, 14 million barrels of oil
equivalent (71% oil) hedged from Q4 2022 into
2024 at an average price floor of $65/bbl for oil
and 174p/therm for gas

Enterprise value
ITH 2.647M$
Harbour 3.334M$

Production
ITH 72-80.000 boepd
Harbour 200-210.000 boepd

hedging or no hedging - and how much debt - enterprise value

From Harbour Energy

"Thank you for your email.

Every daily share buyback is processed on a T+2 basis before being removed from the register. Therefore, the last two repurchases on 29/11 and 30/11 (500k each) were not cancelled before the monthly reconciliation at COB 30/11.

Hope that helps provide an understanding as to why there is a difference between the figures repurchased and TVR announcement.

Do not hesitate to get in touch if you have any further questions on the buyback programme or the company’s share capital.

Kind regards
Philip Ryan
Assistant Company Secretary
Harbour Energy "

where are the missing 1.000.000 shares ?
1/12 - total voting rights 856.596. 015 https://www.lse.co.uk/rns/HBR/total-voting-rights-5n5ra83mbbo8tnq.html
30/11 - total buyback 7.503.352 https://www.lse.co.uk/rns/HBR/transaction-in-own-shares-h02p7p7x138mjzi.html
30/9 - total shares 863.099.367 https://www.lse.co.uk/rns/HBR/total-voting-rights-o2fauoa13lg7obo.html

Bank of America - controlling 13,2% - sold the stock and bought calls/swaps

gasprices up to 250-255$ per boe

so not Harbour.....
https://www.reuters.com/markets/deals/eni-preliminary-talks-buy-neptune-energy-5-6-bln-source-2022-11-30/

Analyst estimate:

Free Cash Flow
2022 - 2009M
2023 - 1307M
2024 - 1258M

Net income
2022 - 1.452M
2023 - 1.247M
2024 - 951M

Capex:
2022 - 985M
2023 - 1123M
2024 - 1194M

Marketcap 2200M
NCIB 400M
Dividend 200M

Natural Gas UK GBP (GBp/thm) 296p/thm

https://tradingeconomics.com/commodity/uk-natural-gas

Harbour November presentation:
November sensitivity assumes $102/bbl, 212p/therm and $1.2/£ exchange rate
2022F FCF $2.0-2.2bn (Free cash flow is after capex and tax and before shareholder distributions)
2022 FCF sensitivity
± $10/bbl ˜ $145m
± 20p/th ˜ $130m

from 5/10 to 11/11 Taconic Capital Advisors UK LLP has sold around 1,2% of total share capital short - when will they buy back - how long will it take to buy it back - around 10.000.000 shares - or total they have 1,74% or around 15M shares.

Capital Fund Management SA has around 6,8M shares short

Harbour are buying back around 500.000 shares every day...

From 5/11 to 23/11 total turn over of shares has been 49.483.530 shares - harbour bought 4.164.711 of these and are still going to buy back for around 72M£ ~ around 22-23M shares.....

11/22/2022 | 03:18pm GMT
Jadestone Energy PLC - oil and gas production in Australia, Malaysia, Indonesia and Vietnam - Non-Executive Director David Neuhauser sells 234,073 shares at GBP0.77, worth GBP179,736, on Thursday and Friday last week. Neuhauser now holds 32.1 million shares, a 7.1% stake, via Livermore Partners LLC.

Current stock price: 73.75 pence, up 1.0% on Tuesday

yesterday was also the 3 time we tested the buttom since end 2020 and RSI went below 30

Yesterday the low end in the Brent curve (since SA price war in 2020) was testet - the upper end had a break out when the ukraine war started - current upper end trend curve would be around 107$ Brent

total dividend and buybacks - 600 m$ - marketcap 2.276M$ (after yesterdays buybacks) - yield 26%

https://www.shorttracker.co.uk/company/GB00BMBVGQ36/ up 2,44%

shorttracker.co.uk/company/GB00BMBVGQ36/

18 November 2022

Ithaca Energy plc ("Ithaca Energy" or the "Company")



Response to Proposed Revisions to the Energy Profits Levy



Ithaca Energy, a leading UK independent exploration and production company focused on the UK North Sea, notes the revisions to the Energy Profits Levy in the Autumn Statement 2022.



The Energy Profits Levy favours companies that are reinvesting their profits in the UK North Sea, such as Ithaca Energy. The Company has a strong pipeline of development opportunities, which have the ability to increase domestic energy supply in line with the British Energy Security Strategy and allow the Company to benefit from tax relief under the levy's investment allowance. The Company will work with Government and its industry partners to evaluate its development opportunities under the revised Energy Profits Levy.



The Company remains committed to its communicated dividend policy.



The full details and legislative changes related to these revisions have not yet been published and therefore it is currently not possible to fully assess the potential impact on the Company. The Company will provide an update to the market, as appropriate, once full details are known.