Member Info for Neversellshell22

I think the dividend will stay same for this year.

Debt repayment will be 1st priority, then tidying up this bloomin share holder fiasco.

Then hopefully the year after our turn.

Bear in mind that most major oilers don't pay huge dividends but I would hope for a decent raise in a year or so......

Bottom line........I haven't the slightest idea......Just going on what they have intimated.....

Great post and I think 100%.

Made worse by the fact that there is a queue of 3 major holders selling at the same time…

I wonder what price someone like BASF might do a deal. Surely around £2.60 and both sides would have a great deal.

More importantly when LLOG, EIG and BASF go what next for share price?…

And also worth a chat… Why if Harbour is such a good deal are they in a rush to exit?….

Mike,

They are selling in volume and seem to be keen to get out fast.

If I paid £2.15 and was offered roughly £2.80 a few months later due to a situation that I didn’t think would last( Iran war) I’d be selling in double quick time.

They wanted out of the oil business and we gave them an opportunity..

Good bye LLOG legacy holders, hello LLOG team and assets…..

Thank you Value for your great work with the Numbers.

Always appreciated.........

We just need to plough on now over the coming months and get rid of EIG, LLOG and BASF.

There isnt really any choice.

The question is how do we do this as painfully as possible. Harbour will have an extra 1$ Billion this year at least they didnt expect so that should go towards it for a start.

Then Mike and Sekforde pick up the rest we are job done and can start our upward assent.

One day Rodders.....

Good,

Keep them coming…The sooner the better….

EIG and their associates once owned 69% of the company, now down to 3.75%

BASF owned 46.5% and now 25.4%

LLOG owned 11.6% and now 7.2%

Letter one 3.6%

Letter One (non Voting) 13.7%

Slim 4% (approx)

Citigroup (Custody shares) 8%

So plenty of clearing out to do yet.....

It’s all agreed…..

Ofcourse it would have to be well priced.

Also we could tread water on it for just over 3 years and then the WFT is no more.....

I would certainly have a nose around. Don't forget these are discoveries and there is only so much oil in the world....

Second attempt.....

(Alliance News) - BP PLC held advanced talks about selling its UK North Sea assets to Ithaca Energy PLC in a deal that would have been worth nearly GBP2 billion, the Financial Times reported on Tuesday.

The talks with oil and gas producer Ithaca failed in "recent weeks", but BP is still exploring a deal and may pursue a transaction with OTHER COMPETITORS, according to "people familiar with the process", the newspaper said.

(Alliance News) - BP PLC held advanced talks about selling its UK North Sea assets to Ithaca Energy PLC in a deal that would have been worth nearly GBP2 billion, the Financial Times reported on Tuesday.

The talks with oil and gas producer Ithaca failed in "recent weeks", but BP is still exploring a deal and may pursue a transaction with other competitors, according to "people familiar with the process", the newspaper said.

Great post Sek, on it as always….

With the cash being plentiful I think I would be making an offer if 1$ Billion for BASF shares and lance that boil…

Looking very good for the whole year…….

Forgot to add that Harbour has predicted FCF of 1.4$ Billion at 80$ oil and 13$ gas.

Sekforde has produced well supported numbers which are much higher than this.

Hence the hedging question?

And can someone clarify what debt level they want to get to before our distribution % of Free cash Flow increases please…

For information we average of 76$ Brent and 14.6$ Gas in Q1 post hedging…..

“Q2-Q4 2026 hedged 50% of Brent/WTI and 65% of Eur. gas economic exposure at average price floor-cap of $69-78/bbl and $11-15/mscf, respectively.@

Just wondered if anyone had any thoughts about our hedging and if we have over/undercooked it.

How does this affect top line Free cash flow?

Production of over 520 bopd Eqv

Unit operating cost less than 13$ a barrel

New projects on stream in Norway & US

Fayoum-Messinian Egypt first oil late 2026

9 New Argentina Wells in 2026

Argentina LNG Export project on track for late 2027

Harbour about to enter FT100

FID for Who Dat East, Gjøa N/Ofelia, Cuvette by end of year

2nd LLOG rig to arrive by end of year.

LLOG to double in production by 2028

Large scale recruitment in Mexico for Zama and Kan

Indonesia divestment sold for 215$ million

Waldorf Acquisition on track to complete this month. Extra 20k barrels

Up to 900$ Million of tax losses available to Harbour

Farm in for 45% of Fotla oil and gas discovery

Annual FCF over 2.5$ Billion at current prices

Debt reduced by minimum 1$ Billion in 2026.

Remaing debt all very low % interest

Dividends and Buybacks looking to be materially increased to 600$ Million.

Investment Grade credit rating

Significant % of shares moving to BASF to engaged holders

Breakeven price 40$ oil and 5$ gas

Oil and Gas prices now forecast to be higher for longer.

Great hedging in place for 2027

Argentina just broke ground on a $1.3 billion pipeline to turn Vaca Muerta into an LNG exporter. First gas in 2028.

The San Matías Pipeline: 471 km, 36-inch diameter, running from Vaca Muerta's Tratayén hub to the Río Negro coast.

Capacity: 27-28 million m³/day enough to feed 2 FLNG vessels producing 6 mtpa of LNG. Sponsors: YPF, Pan American Energy, Pampa Energía, Harbour Energy, Golar LNG.

Construction: 2H26. First gas: 1H28.

The 2 FLNG units waiting for this gas:

→ Hilli Episeyo: 2.5 mtpa, on station 2027

→ MKII: 3.5 mtpa, arriving 2028

Combined: 6 mtpa Argentina's first Atlantic LNG export stream

Total project investment over 20 years: $7 billion+.

Vaca Muerta has 27 billion barrels of recoverable shale. The San Matías pipeline is the infrastructure that finally starts moving it to world markets as LNG.

Baker Hughes supplying the compressor turbines. Sicim building the pipe. The supply chain is being assembled now.

Argentina just broke ground on a $1.3 billion pipeline to turn Vaca Muerta into an LNG exporter. First gas in 2028.

The San Matías Pipeline: 471 km, 36-inch diameter, running from Vaca Muerta's Tratayén hub to the Río Negro coast.

Capacity: 27-28 million m³/day enough to feed 2 FLNG vessels producing 6 mtpa of LNG. Sponsors: YPF, Pan American Energy, Pampa Energía, Harbour Energy, Golar LNG.

Construction: 2H26. First gas: 1H28.

The 2 FLNG units waiting for this gas:

→ Hilli Episeyo: 2.5 mtpa, on station 2027

→ MKII: 3.5 mtpa, arriving 2028

Combined: 6 mtpa Argentina's first Atlantic LNG export stream

Total project investment over 20 years: $7 billion+.

Vaca Muerta has 27 billion barrels of recoverable shale. The San Matías pipeline is the infrastructure that finally starts moving it to world markets as LNG.

Baker Hughes supplying the compressor turbines. Sicim building the pipe. The supply chain is being assembled now.

5$ Billion in 2026.....

https://mexicobusiness.news/infrastructure/news/grupo-carso-invest-us5-billion-mexico-carlos-slim

Please remind me of anything missing or any mistakes...

Production of over 520 bopd Eqv

Unit operating cost less than 13$ a barrel

New projects on stream in Norway & US

Fayoum-Messinian Egypt first oil late 2026

9 New Argentina Wells in 2026

Argentina LNG Export project on track for late 2027

FID for Who Dat East, Gjøa N/Ofelia, Cuvette by end of year

2nd LLOG rig to arrive by end of year.

LLOG to double in production by 2028

Large scale recruitment in Mexico for Zama and Kan

Indonesia divestment sold for 215$ million

Waldorf Acquisition on track to complete mid year

Up to 900$ Million of tax losses available to Harbour

Farm in for 45% of Fotla oil and gas discovery

Annual FCF over 2$ Billion are current prices

Debt reduced by minimum 1$ Billion in 2026

Dividends and Buybacks looking to be materially increased to 600$ Million.

Investment Grade credit rating

Significant % of shares moving to BASF to engaged holders

Breakeven price 40$ oil and 5$ gas

Great hedging in place for 2027