Member Info for Neversellshell22

Bye Sauerkraut,

Enjoy bringing you wisdom and in-depth analysis to the BP Board.....

Never will one person be missed so little........

Very quiet considering trading update tomorrow.

I was hoping we might claw back some of yesterdays carnage but not to be so far today.

Harbour don't seem to let the grass grow under their feet and despite being quite poor on communications they do seem to get some things done in pretty good time.

Will be interesting when the corporate stuff is passed tomorrow will they announce any buy backs, increase dividend or just pay down debt.

Would love to see production tomorrow between 220-230 including Tolmont but anything over 200k is good and helping to make shed loads of cash.....

News on Tolmont East, Zama, Catcher, Tuna Andoman etc....Certainly plenty going on.....

And thats without any possible mergers. takeovers, farmins etc etc....

So heres to a good day tomorrow....We deserve it......

So end of 2021 to end of February we averaged 219 BOPD.

Then we add Tolmont which could be 15k BOPD Upwards....

So realistically even with a slight drop in production we could be over 230K BOPD....

Is that possible Good news to the upside....

Love the Queen BH...."We Will Rock You" on Wednesday...Lol..

NSS

2 late afternoon TR-1s involving GIC and Fidelity (like last time, see #1119). Looks like GIC are continuing to divest and Fidelity happy to increase. Share data shows a significant trade around 1:30 which might be the one. After that trade share price rose on small trades towards the eventual close. Activity might be worth watching ...

from bodger on ADVN

Having said that oil down 5.5% and Gas down 9%.

Shell and BP down betweeen 5-6% across the pond…

Timing…..

It’s all in the timing…

Tuesday Funds start to buy into Harbour.

Wednesday Results.

Looks like decent planning or fantastic luck….

And all the dodgy bond/debt holders must be sorted soon…..

Dare I say…..BOOM

Didn’t see that coming just yet….

Fantastic news….

Onwards and upwards….
NSS

Not quite as bad as you Rookie but you wouldn't get much more than fish and chips with the difference.

Not Harbour specific in any way and Tullow down over 10% and could be much more tomorrow....

Fundaments Chaps, Fundamentals.....

No No, of course its trading normally...or maybe not.

Be interesting exactly what is going on and by whom.

Surely can't belong before all debtors/ bond holders and associated have cleared the channels.....

And then look out......£5.10 here we come...lol

Good Luck All.....

10 Y11. (maybe not this Friday but soon)
£6.35 Giving The Lowdown
£6.00 NS
£5.55 BH
£6.35 Giving The lowdown
£6.00 NSS
£5.69 Pleb
£5.60 Onedb1
£5.55 BH
£5.43 kign
£5.35 patrm
£5.30 Emerald
£5.25 Dartman/Bobster

Just for fun as it’s an important week thought we could have an SP comp.
All you need to do is copy in your entry with the others in numerical order.
Closes 7.00am on Monday….Good Luck

£6.00 NSS

We simply have no idea what is happening. Personally I have no idea how they could keep the price almost exactly at £5.00 for the last 3 days when every and I mean every other company has gone up in price but somehow they have..

Is it a huge new institutional investor coming onboard?
Is it connected to the last of the sellers?

I thought it might be something negative but we haven't even dropped in price so dont think its that..

So heres to the Beers and next weeks good news....

What a brilliant analysis.

However we are still stuck in mud. Running against all of the other oilers ?

Either this is being held for some reason or someone knows something major we dont.

Hope its the first one......

Well the results from both companies have blown the doors off. Some of their best results in history....

Is anybody else reporting soon...LOL.

With oil up and expectations high.....Well who knows ?

Are we in the right share at the right time for once.....

Be great to be settled in the FT 100 in June, get all of the shackles released and crack on....

Increase production.
Lick off buy backs.
Farmin New fields
Increase Dividend

And get this bloody share price moving.....

It does seem as though we are being held at £5.00 for whatever reason.

I would have thought it was not easy to do.

More importantly what sort of reasons would they have to do this?

Any thoughts ??

Thanks BaysilHope,

That makes a lot of sense.

Fingers crossed for next week......

Did anyone ever explain this is laymans terms?

The proposed capital reduction, if approved by shareholders, would create additional distributable reserves to support Harbour's stated $200 million per annum dividend policy and provide flexibility for future dividend payments and/or share buybacks.

The process comprises: (i) the cancellation of the entire amount standing to the credit of the Company's share premium account (the "Share Premium Reduction") and (ii) the capitalisation of the entire amount standing to the credit of the Company's merger reserve by issuing B ordinary shares in the capital of the Company and the subsequent cancellation of such B ordinary shares (the "Merger Reserve Reduction"). The Share Premium Reduction and the Merger Reserve Reduction together comprise the "Capital Reduction".

The Capital Reduction is conditional upon the passing of the resolutions set out in the notice of General Meeting by the Company's shareholders, as well as approval being obtained in the Court of Session, Edinburgh (the "Court").

It is expected that the Capital Reduction, if approved by shareholders and confirmed by the Court, will create additional distributable reserves to the value of $6.3 billion.

Every Little Helps.....

I know we always here about EIG and other large share holder locked in, debt holders, bond holders etc etc...

But sure now as we reduce our debt further and further we should start behaving like any other oil company.

Having said that we had several months of treading water a while ago and then....BOOM.

Heres to another...BOOM...