Member Info for Neversellshell22

I stand corrected.

Thank you koko……

I wonder why these guys are heading for the door?

No good having a gazillion barrels of the deal with the government is bad???

https://theedgemalaysia.com/node/704757

Acquisition will be completed in coming days.

Harbour drilling Gilderoy & Jocelyn North imminently.

UK Gas price at 6 month high.

BASF & Letter One both 6 month lockin period to increase SP stability.

Kan drilling authorised and due to start any time. 70% Harbour owned.

Zama FEED being advance. 32% Harbour.

Tuna new partner expected soon leading to quick FID.

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

Talbot first oil end of 2024

Indonesia huge potential with another massive discovery at Tangkulo.

Fenix Argentina field on production by end of year.

Third Avenue funds buys 2.8% of Harbour

New COO Joining company in January

Carlos Slim increases stake to over 8% & up stake in Talos Energy

CEO visits Egypt and commits to major investment to increase production.

Egypt government looking to incentivise more foreign investment.

CEO and others increasing already big stake in company

£39 million positive cash position. No debt

Great 85p Gas and 78$ Oil hedgers in 2025

Production likely to exceed Currently production 511k BOPD, ahead of forecast

8% Year on Year dividend growth & paid 1 month early

2025 Free Cash Flow huge increase on 2024

FT100 promotion to SP increase stability later in year.

Investment Grade financing to reduce cost of borrowing

Acorn CCS Project granted £2 million funding

Viking CCS progressing to FID & massive potential with Wintershall projects.

https://www.harbourenergy.com/media/mfco4obr/240612-prospectus-publication-investor-presentation-final.pdf

Https://wintershalldea.com/en/investor-relations/ir-24-03

Yes,

We all believe that the extra production and "when the market wakes up" extra we will rocket but I've seen it go the other way before. And the biggest question is why next to no volume if its the deal of the Century..

Im holding on to the major bits of the puzzle that we know and still very confident in fact I can see many "Reasons To Be Cheerful".....

This week is early September

Week 2 and 3 is mid September

Week 4 is late September

Is this our time ????

Quite a few interesting post over the last few days on Linked in...

https://www.linkedin.com/company/wintershalldea/posts/?feedView=all

Who are they?

Another self inflicted gun shot wound….

https://www.bbc.co.uk/news/articles/c30393m4z50o

Https://www.offshore-technology.com/news/bp-oil-blocks-egypt/?cf-view

Additionally, Wintershall Dea is actively exploring offshore as partner to BP, in the North West Abu Qir exploration block.

Fingers crossed…….

The meeting also covered a new initiative launched by Badawi to provide a package of incentives aimed at increasing production by foreign partners.

Badawi emphasized the Egyptian government's commitment to implementing practical solutions to support foreign investments, particularly in resolving payment issues.

https://wintershalldea.com/en/where-we-are/egypt

This is the best one by far for information.......

https://www.harbourenergy.com/media/mfco4obr/240612-prospectus-publication-investor-presentation-final.pdf

Our current production is

Norway 175K

Germany 31k

Argintina 59k

Mexico 10k

North Africa 46k

Rest is mainly UK

North Africia doesn't get mentioned much but with 69 million reserves and the fact that Wintershall have been there 60 years there must be plenty left for us going forward.....

Thanks Collingham, That makes sense.

Got a feeling we might have a decent supply of news once we get this over the line in September.

Andaman

Mexico

Tuna

Argintina

Take your pick....

One other thing...If Im reading it right we only owe 1.1$ Billion of the 2.15$ Billion as the rest is being paid from Wintershall 2023 cash. Therefore with 2024 cash flow we might should only have total debt of just over 5$ Billion.... .

We should have finished appraising Layaran by now and thats a monster....Could that be a factor ??

https://www.offshore-mag.com/deepwater/article/14303005/layaran-find-confirms-indonesia-as-deepwater-hotspot-consultant-claims

Remember we have 130 million of 2C Resources from this and Timpan discoveries.

When you add Tangkulo we have a proper monster in Andaman....???

https://www.offshore-mag.com/field-development/article/55039788/tangkulo-gas-discovery-offshore-sumatra-could-open-wider-deepwater-development

https://www.offshore-mag.com/deepwater/article/14303005/layaran-find-confirms-indonesia-as-deepwater-hotspot-consultant-claims

You could be right but i think its more than that.

Harbour valued the deal at 11.3$ billion and that figures was partly based on 921 million shares being valued at £3.60.

We were a fair way from that yesterday so this announcement has given the SP a push towards that...

just a thought.....

Any thoughts on why Harbour should issue an RNS today when in the next week ir so they could have just said job done?

Were they concerned where the share price was?

Any other thoughts why?

Harbour drilling Gilderoy & Jocelyn North imminently.

UK Gas price at 6 month high.

Acquisition WILL be completed well ahead of time.

Kan drilling authorised and due to start any time.

Zama FEED being advance with 32% Harbour & Kan 70% Harbour owned.

Tuna new partner expected soon leading to quick FID.

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

Talbot first oil end of 2024

Indonesia huge potential with another massive discovery at Tangkulo.

Fenix Argentina field on production by end of year.

Third Avenue funds buys 2.8% of Harbour

New COO Joining company in January

Carlos Slim increases stake to over 8% & up stake in Talos Energy

CEO visits Egypt and commits to major investment.

CEO and others increasing already big stake in company

£39 million positive cash position. No debt

Great 85p Gas and 78$ Oil hedgers in 2025

Production likely to exceed Currently production 511k BOPD, ahead of forecast

8% Year on Year dividend growth & paid 1 month early

2025 Free Cash Flow huge increase on 2024

FT100 promotion to SP increase stability later in year.

Investment Grade financing to reduce cost of borrowing

Acorn CCS Project granted £2 million funding

Viking CCS progressing to FID & massive potential with Wintershall projects.

https://www.harbourenergy.com/media/jcngu1tv/harbour-energy-plc-2024-half-year-results-presentation-8-august-2024.pdf

What makes you think these 2 are not completed?