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They don’t mention the effect of the Energy profit Levy other than to say they are paying it in full in 2024.
Thought they might have made some kind of comment about it and how it will effect them going forward?
Great update…..
Just wondered what people consider might be a fair SP for us when this all shakes out.
500k BOOD
1.1 Billion isn’t reserves.
I know it’ll be a finger in the air job by one of our numbersmiths might fancy a go at it?…
Over 160$ billion of assets so certainly not a small fish……
Noticed a new shorter on this page..
https://www.man.com/glg#_who-we-are
No idea what they are up to, why the sudden interest or who they are acting for.
Any thoughts?……..
Sorry its protected but you get the message.....
https://www.energyvoice.com/oilandgas/547649/wintershall-dea-harbour-energy-germany/
Thanks Nitro, good finds.
I would hope we get some initial news with our results..
We’re pleased to announce that we’ve joined the Oil & Gas Methane Partnership 2.0, a reporting framework established by the UN Environment Programme to prioritise methane mitigation actions across the global oil and gas industry.
The partnership brings together more than 120 companies with operations in more than 70 countries, representing over 38 per cent of the world’s oil and gas production. Members then report annually on their methane emissions and take action to drive methane reductions.
https://ogmpartnership.com/a-solution-to-the-methane-challenge/
Im confident in Harbour but British Bulls have got it right on Harbour 25% of their last 12 predictions...
Hardly nailed on....
Its actually doesn the opposite and reduces income massively.......
Agree with you Steve but surely a discussion will take place.
Or could it end up in a court?.
Any idea who and what they are at present.
EIG ???
Slim 6%
GIC under 3%
Bank of America 2.7%
Vanguard
Roughly 5% down so not a great week for the SP but as I say its a moment in time.
The good news is there is no bad news from Germany or anywhere else about the deal so it marches on. I would imagine nearly all of Harbour focus is getting this over the line and a Q3 completion isn't impossible as they probably build some gash time into the timescale.
Big Slim has been active this week and as well as his 6% we know about may have been shopping further in the last few days. The tie up with Harbour concerning Zama and Khan must be important to hIm as well as Harbour itself . I would imagine the FID is either upon us or very soon. Khan results also due very soon (and Andaman). On top of all that our own North sea drills going ahead, Norway and many maay with Wintershall Dea.
A decent 5 year infrastructure tie up this week as well with Ethos always welcome.
I know we can get frustrated with each other but the vast majority on here are decent people just trying to make a few £ so just a thank you for the great post this week and a plea to give yourself 10 mins extra before replying if your offended by anybody on the board.
Ive had a couple of emails from people on here today so good to hear from you and chat over a few things. harbournss@btinternet.com if you ever want to share any thoughts or just say hello....
Have a good weekend all.
On we go......
And this is one of the reasons why Harbour did so well to get their deal off the ground..
“Barclays has announced it will no longer provide direct funding for new oil and gas projects.
The banking giant also says it will restrict lending to energy businesses that plan to expand their fossil fuel production.
Barclays is a major lender to the fossil fuel industry, but has been coming under mounting pressure to curb its support for the sector.
Campaign groups welcomed the move, but insisted it did not go far enough.”
I think its completely ridiculous to talk about prices over £6 at present.
We currently seem to be hostage to fortune at the moment as I said last night and share Alewtraders comment this morning.
We are do it but actually us being on these boards for hours each day doesnt help any of us but we enjoy the crack. What we should do is invest and forget. Nothing has changed since we invested and Fat Boy Slim and BASF should be our leads.
I don't want any further drops but kind of expect them until things settle down. Long term we should be OK but itll take patience and balls...
Expecting news from Andaman and Norway soon.. Zama will be much easier with Slim from Mexico in the bed as well.
Lets get this deal done.....
NSS
So tomorrow could be another difficult day. This could be because of tonights negative sentiment and the herd mentality, Many who jumped in at £3 and now panicking and the fact its Friday, not to mention the general state of the world etc.
We also know that this sort of behaviour took place a couple of years ago with the Chairperson, GS and Bank of America possibly involved.
So the question is are they dropping the price to let shorters out of Fat Boy Slim to load up.
I'll sleep well tonight as nothing has changed since December when the deal was announced so with a guaranteed share price of £3.60 for BASF shares, dozens of banks crawling over this deal who were happy to lend billions and billions of dollars and a Billionaire buying in to the company with inside knowledge.....Well thats enough for me to sleep on.
If you don't need the money now (in which case you shouldn't have invested in Harbour) I wouldn't even be considering selling.
If anyone wants a chat offline from the madness of this board email me at harbournss@btinternet.com...
Keep The Faith....
NSS
I wonder if Carlos is the problem short term.
Is the price somehow being kept low for him to load up.
Why is he so keen, I understand Zama but has he got another agenda.
Am I taking rubbish as usual?
And Wintesahll Dea have been cleared for more.....
https://www.offshore-energy.biz/wintershall-deas-drilling-ops-with-transocean-rig-cleared-for-take-off/
Norway is surely an exciting area for us.
Not only are Harbour drilling Amethyst currently but we are drilling Ringhorn North any day now as well.
Wintershall have numerous project going on including appraising Bergknapp which has recoverable of between 50 and 100 million barrels. They are already producing from multiple fields in Norway...
https://wintershalldea.no/en/where-we-are/production#:~:text=Wintershall%20Dea%20is%20one%20of,operator%20of%20three%20producing%20fields.
And I know its known news but they did very very well in the last auction and got 13 new licences some with partners.
https://wintershalldea.com/en/newsroom/pi-24-01#:~:text=Wintershall%20Dea%20has%20been%20awarded,in%2019%20discoveries%20since%202019.
And when you think that Norway ius only about half of the picture it does make you feel a bit better.......
Nothing to see really but a few changes in their leadership team which I assume we were involved with....
https://wintershalldea.com/en/newsroom/changes-wintershall-deas-leadership-team
What might that mean?
Shorter transferring to institutes.?
Confidence?
Something else?..
Cheers NSS
Ps how much have the other matches pairs been for?