Member Info for Neversellshell22

What if the current SP is deliberate?

Is it possible a lower SP would encourage our friend Slim to buy more shares increase his holding and heavily finance us in Mexico? Who knows.

Is the current price a good place to hit the buy backs hard ?

One thing is for certain the trading was deliberately very thin to give Harbour plenty of good news to shout about at the Capitol Markets day.

Where we go from here who knows but I hope and pray the smoke and mirrors are lifted soon.

Harbour have always been very successful with their assets and their finances. Lets hope they have a decent plan to get the SP higher soon.....

Https://www.clarin.com/economia/ypf-formalizo-ingreso-sociedad-petroleras-van-exportar-gnl-vaca-muerta_0_GuGO5LpqQL.html

Https://www.energycircle.org/news/argentina-powers-forward-with-lng-production-in-rio-negro

Not Harbour rerlated but showing how one man can disrupt the world listen to podcast The rest is politics Trump Mafia with Alistair Steward and Rory Stewart.

Whilst not directed linked to Harbour Gas and oil the things he is doing is creating instability worldwide. Im not much for politics but this is quite a listen.

With Harbour at least we have Investors Day to look forward to, a decent dividend and hopefully better news going forward.

Cant hide the fact that the drop in SP has rattled me and many others Im sure.

Less Reasons to Be cheerful and more Reasons to Pray more.

Many thanks to Kign, Stevo and Londoner for their great work.....

iM SU

Pretax2 on ADVN stating the chats have a higher high and higher low on the chart. Apparently this mean:

"On a chart, a "higher high" and a "higher low" indicate an uptrend, meaning the price is consistently reaching new highs while also experiencing pullbacks that still remain above previous lows, signifying bullish momentum and a potential for further price increases; essentially, the market is moving upwards with some minor dips but overall trending higher. "

Can anyone confirm this is how the chat looks please ?

Harbour discovered Tuna in 2014 and they had 2 successful appraisal wells in 2021 which Zarubezhneft paid for. The field contains 100mm boe.

The government are desperate to get this moving so fingers crossed...

Great find tam, especially after Harbour said in November that the sale of their partners interest was no going. Based on the reissuing of the tender perhaps the sale is a done deal.

Its a risky project due to bering in China Sea but will hopefully be worth while and also needs about 3$ Billion in financing but can be started quick with huge gas volumes.

https://indonesiabusinesspost.com/risks-opportunities/russian-soes-incomplete-divestment-halts-tuna-block-development/

https://www.monitoringoil.com/2024/01/the-tuna-block-super-jumbo-gas-shares.html

https://indonesiabusinesspost.com/risks-opportunities/harbour-energi-seeks-new-partner-for-tuna-block-amidst-complications-with-zarubezhneft/

https://www.gem.wiki/Tuna_Oil_and_Gas_Field_(Indonesia)

https://indonesiabusinesspost.com/risks-opportunities/harbour-energi-seeks-new-partner-for-tuna-block-amidst-complications-with-zarubezhneft/

Reservoir Management Manager

Geologist

Sr. Offshore Facilities Engineer

Controller

Organizational Development Specialist (Temporary maternity leave)

Human Resources Specialist (Temporary maternity leave)

Seem like busy people ??

Any thoughts on this bit ?

It warned that the changes to UK taxes, led by the Labour Government who extended and increased the Energy Profits Levy (EPL) last year, would have an impact on pre- and post-tax income in 2024 through “material non-cash accounting charges”.

Definition of it....

A non-cash charge is a write-down or accounting expense that does not involve a cash payment. Depreciation, amortization, depletion, stock-based compensation, and asset impairments are common non-cash charges that reduce earnings but not cash flows.

And heres the bit Starmer should read...........

Total capital expenditure (including decommissioning spend) of c.$2.4-2.6 billion, with the increase on 2024 reflecting the addition of the Wintershall Dea portfolio partially offset by materially reduced capital investment in the UK and lower exploration and appraisal spend in Indonesia and Mexico

Dan222 £2.55

Sort of Congratulations to Dan after an awful couple of days. Im very surprised at where we are and you could tell the pressure was on with some of the unpleasant comments on here today.

Was it the general market, was it the update, was it GS or a mixture. Who knows ?

We are still about 3% up on the month but it feels a long way back and there was a fair bit of "nothing" in the update. Im really hoping they have held back all the fireworks until the Investors Day in March.

Time to lick our wounds, recharge and cget ready to go again on Monday.

Have a good weekend all....

Not great news as Harbour state they will be lower exploration and appraisal spend in Indonesia and Mexico.

Was hoping for a quick FID especially with new Mexican Government positive on oil and Gas all the goings on at Talos and our Slim being heavily involved...

https://www.offshore-mag.com/field-development/article/55087974/zama-unit-partners-let-feed-contract.

Fingers crossed things for a quicker kick off.

Re Indonesia I wouldnt be suprised if we entered into some kind of free carry deal but who knows ...

Harbour have commenced a multi-pad drilling campaign at the Aguada Pichana Este licence in the unconventional Vaca Muerta play (Argentina). They own 23%.

This is a comment I found about the Vaca Muerta area….”Vaca Muerta has the potential to be a crown jewel for Argentina. The Vaca Muerta Formation, located in the Neuquén. Basin (Argentina), is one of the most important shale plays in the world.”

All the major are in the area.

https://www.reuters.com/business/energy/argentinas-vaca-muerta-shale-lands-its-drill-baby-drill-2024-10-23/

https://oilprice.com/Energy/Crude-Oil/Argentinas-Vaca-Muerta-Shale-is-on-Track-to-Hit-1-million-bpd-Production-Milest.html

and the big boys are involved as well in building a pipeline…

https://www.hartenergy.com/exclusives/major-interest-chevron-shell-join-vaca-muerta-crude-pipe-project-211721

The Maria Phase 2 project involves installation of a new six-slot template and four new wells, in the southern part of the Maria field, located about 200 kilometres off the coast of Norway. Maria, which is a subsea field originally developed with two templates, came on stream in 2017. This next phase of the Maria project is expected to add around 27 million barrels of oil equivalent to the total field reserves. Expected lifetime of the Maria field is 2040.

The new template will be connected to the existing infrastructure on the Maria field. The Maria well stream goes to the Kristin platform. Water injection comes from Heidrun, while lift gas is provided from Åsgard B via the Tyrihans subsea field. Processed oil is sent to the Åsgard field for storage and export. Gas is exported via the Åsgard Transport System to Kårstø.

Maria Phase 2 will start-up in 2025.

Wintershall Dea Norge AS is operator of the Maria field with a 50% share. Petoro AS has 30% and Sval Energi AS owns 20%.

https://agilitysubsea.no/news/successful-manifold-delivery-for-maria-phase-2

https://www.offshore-mag.com/subsea/article/55088372/north-sea-atlantic-sets-down-dvalin-north-template

Our new COO is Dawn Summers.

She was the COO at Wintershall Dea and has worked for several oil companies including Genel Energy and 10 years with BP.

Can anybody help me understand this. Please check I have the figures right...

In 2022 Harbour's actual was 2.1$ Billion of free cash flow on 208 BOPD equivalent.

In 2025 Harbour forecast 1.0$ Billion of free cash flow on 450-475 BOPD equivalent.

I know Gas and oil were high then but does this seem right ?

They gave production guidance of 470-485k bopde on 9th September for 2024 and a pretty graph.

Since them Fenix in Argentina has come online which is a big addition and yet our 2025 guidance is 450-475bopde?

Any thoughts?

I think this is a holding update with all the big news and Fireworks down the road in March which will be on us very soon.

One day Rodders..!

Where do you see the reduced dividends GTL ?

Quite a drop in production. They were touting 500k when they made the acquisition.

Apart from that as you say decent finances and lots to look forward to.

How will the market see this… We’ll based on other updates recently it could be a rocky day.. Who knows?..

Less profitable North Sea fields being sold.

Vietnam sold for 84$ Million.

Harbour given 4 new fields in Norway to explore.

Appraisal well in Skarv field confirms discovery in Norwegian Sea.

Gilderoy and Jocelyn discoveries in North Sea.

Talbot gas field commenced production end of November.

Successful appraisal at Sabina discovery.

Maria Phase 2 start up to commence production in 2025

3 new wells on stream this quarter, Njord, Amanda and Gt Brittania area.

Drilling rig in Norway booked until 2028 showing long term commitment.

Successful Multi-well exploration and appraisal campaign completed at Andaman

Extra Andaman blocks issued to Harbour and Mubadala potentially 100m oil & 500b gas

Fenix Argentina started production 2 months early. 70,000 boe/d capacity

Gas export agreement signed in Argentina.

2 rigs working at undeveloped gas fields in Algeria from 2025

Drilling at 2 undeveloped gas fields in Regane Nord Algeria to commence in 2025

New Tuna partner (Indonesia) expected soon leading to quick FID.

Harbour plans big expansion plans in Egypt.

Harbour encouraging meetings in Libya.

Kan appraisal completed. 70% Harbour owned

Zama FEED due for competition very soon.. 32% Harbour.

Polok and Chinwol feeds commenced.

Very positive noises from Mexico regarding speedy development of Zama.