Member Info for Neversellshell22

Who knows Rookie, it’s all just speculation.

But if they can claim to be out of the oil business directly which would be true and the oil and gas price means there is good profit why would they leave their shares in situ for a year or two.

We need to remember that they are locked in for 6 months as well which is a slight safeguard.

I wonder if Harbour will go hammer and tonges at the buy backs when this is all agreed to help with an orderly exit?…

Https://www.reuters.com/markets/deals/basf-could-sell-wintershall-dea-investors-ipo-preferred-option-2023-04-27/

According to these link BASF wanted a stock market listing for Wintershall which is pretty much what they got so hopefully won’t be in a rush to https://www.marketscreener.com/quote/stock/BASF-SE-6443227/news/BASF-chief-Still-holding-on-to-sale-of-Wintershall-Dea-43656153/

Below is the link from the BASF crew re the merger. So our results next week will be kept seperate from Wintershall.

Could be interesting nonetheless……

https://www.basf.com/global/en/media/news-releases/2023/12/p-23-384.html

What are these monkeys doing back?

Still buying a 2.5% stake is showing intent. Question is...Is it for our Mexican friend, Letter One, EIG, themselves or someone else.....

Last time it wasnt great when they were involved....

Hi Koko,

I must be doing something wrong but on the chart you sent it has gas down 6% in the last month. Like I said probably me

Sold a load of CCL earlier and bought some more Harbour.

( Bangs head against wall).

Oh well in the future it’ll all make sense….Hopefully…

Hi bonker,

Where do you get your gas price from please.

The reason I’m asking is North Sea gas is down nearly 40% in the last 3 months…

I know ours isn’t all NS but not sure where to find the rest..

Cheers

NSS

Well I suppose it is a step in the right direction but a very very small one and will need many more before NS become investable again.

Harbour looking a bit perky today which is good to see.

Trading update next week now will that be Harbour or include the new assets or maybe just skim these.

Be good to hear Zama has moved on but to early for Andamin results. Might be some Norway news as we were due to drill a couple of holes there also.

Your completely missing the point…

I’m into running and am a member of several chat sites. I’m also into films and the same..

It just doesn’t feel right cluttering up a board about Harbour talking about those subjects… or indeed any others. I talk about them on their boards…

Now back to Harbour… What your view on Letter One?

Good to have as shareholders or potentially up to something. For me they will be decent share holders as they have secured a golden dividend and have agreed no one on the Harbour board.

They must be pretty confident of where we are going?

Any thoughts??

I’m generally into live and let live but a chat board about Harbour for me should be just that.

There are 1000s of chat boards for every subject so if I wanted to find out about other subjects I would go to one of those.

Meanwhile our new friends hold some decent assets and just seem like a bunch of people who love making money..

https://www.letterone.com/our-businesses/

Hi Jeff,

Thought I’d post, I’m part of the circus and pond life you mention but we’ve all got to be something..

Didn’t see any post about Letter One disappear but it’s a good point.

My thought would be is that they are a big fish and if they wanted more than their 27% then surely they would have bought shares from Wintershall to structure a different deal.

They certainly seem a pretty “in the shadows” group but hopefully they just see this as a great deal where they will make plenty of money.

If Harbour is undervalued, If our assets come good, if the deal gets completed and if we have snow in the summer we should all do well.

Early thought are it’s settled over £3 and should tick up on trading updates and as barrier are crossed.

Good luck anyway…..

What a perfect post to sum up where we are.

The only thing I would say is it’s a moment in time and these think can change pretty quickly…..

That s from 2021 ??

Stavanger.: Wintershall Dea, in collaboration with its partners DNO Norge and Equinor, has successfully completed the drilling of an appraisal well at the Bergknapp discovery in the Norwegian Sea. The team is now assessing potential field development options. The Bergknapp discovery, part of the PL836S licence, is situated in a strategic area for Wintershall Dea in Norway, 8 kilometres west of the operated Maria field and 200 kilometres north of Kristiansund on Norway’s west coast. It is in close proximity to several other producing fields.

“In recent years, we have had achieved significant success with our strategy of exploring areas where we have in-depth subsurface knowledge and access to existing infrastructure. The focused exploration strategy maximises our chances of making commercial discoveries and also shortens the time required for their development,” said Michael Zechner, Managing Director of Wintershall Dea Norge. “We take pride in our expertise in subsea developments, and see the potential to create value for Wintershall Dea, our partners and the entire Norwegian society.”

The appraisal well, completed by the Transocean Norge rig in early December, was drilled to minimise volumetric and subsurface uncertainties in the Bergknapp discovery, including the underlying discovery in the Åre Formation.

The updated recoverable resource estimate for the oil discovery in the Garn, Ile and Tilje formations is between 44 million and 75 million barrels of oil equivalent, while estimates for the underlying Åre Formation discovery are between 6 and 25 million barrels of oil equivalent.

Wintershall Dea originally discovered oil in the Bergknapp prospect in 2020, followed by a gas discovery in the deeper Åre Formation during a successful re-entry and sidetrack in 2021.

Nova: The oil and gas reservoir was called Skarfjell when it was discovered in 2012 and was later given the name Nova. Besides Maria and Dvalin, Nova is another field in Norway that Wintershall Dea discovered and developed as operator. Nova came on stream in the summer of 2022. With Nova, the company is strengthening its position as an expert in subsea developments: The reservoir is connected to the nearby Gjøa platform via a subsea tieback. That saves resources and money, extends the economic lifetime of the Gjøa infrastructure, and unlocks future tie-in opportunities. As Gjøa is powered via hydropower from the Norwegian mainland, Nova is a low carbon-intensity field and contributes to Wintershall Dea’s emission reduction performance.

Nord: Production at the Njord field in the Norwegian Sea began in 1997 and was interrupted in 2016 for modernisation work on the floating platform being used. In 2022 the field started producing again, creating a renewed oil and gas hub and delivering substantial additional volumes. In total, the upgrade, which is part of the Njord Future project, will add ten new production wells. Wintershall Dea holds a 50 percent share in the field, with Equinor being the operator.

Ofelia: The partners in the Ofelia oil discovery in the Norwegian North Sea have successfully completed an appraisal well and reported an updated recoverable resource estimate of between 16 million and 33 million boe.

Moreover, a new gas discovery was made in the overlying Kyrre Formation via a side-track to the appraisal well. The preliminary estimates for the recoverable resource potential in this finding are between 11 million and 19 million boe.

The Neptune operated Ofelia discovery is located 14 kilometres north of Gjøa and just 5 kilometres north of the Gjøa Nord (formerly Hamlet) discovery in the Gjøa licence. Wintershall Dea is a partner in both licences.

“The completion of the appraisal well marks a significant step towards a potential future development of the Ofelia discovery. We will continue to collaborate with Neptune to further advance the project,” said Roy Davies, Wintershall Dea Norge’s VP for Exploration. “We are also considering a joint development with the nearby Gjøa Nord discovery.”

The Gjøa platform is a key asset for Wintershall Dea in Norway. This electrified platform hosts the Wintershall Dea-operated Vega and Nova fields, contributing to Wintershall Dea’s low carbon-intensity portfolio. The development of additional tie-backs could potentially extend the field’s lifespan and create synergies with existing fields in the area.

“Discoveries this close to Gjøa represent high-value barrels for Wintershall Dea in Norway. Developing new tie-backs to the platform is a key part of our plan to maximise the value of the existing infrastructure in this area,” said Daniel Ørbeck, VP Production Operations at Wintershall Dea Norge and Asset Manager for Gjøa, Vega and Nova.

We about 100 licences on the shelf, including 24 as operator, for example the producing fields Nova and Vega. The portfolio is being expanded further with smart technical solutions. For instance, the company is attracting attention with projects such as Dvalin and Nova. These fields are being developed by means of a subsea tieback, with production facilities on the seabed connected to existing platform.

The company’s exploration and production concessions are located in all regions on the Norwegian Continental Shelf: in the North Sea, Norwegian Sea and the Barents Sea. Nova and Vega are located around 125 kilometres west of the city of Bergen. Maria lies further north, roughly at the level of Trondheim, and Dvalin lies even further north.

The Dvalin field was not considered worthwhile in the 1980s. It was not until the new millennium that a consortium led by Wintershall Dea (then DEA Deutsche Erdoel AG) successfully explored for natural gas. In 2010 and 2012, exploration wells struck two gas-bearing horizons with thicknesses of 150 and 140 metres respectively. To enable production from the field, four production wells are connected to the existing Heidrun platform, via a subsea template installed on the seabed.

Can I ask why you sold today Bot. Strange timing after a few down days.

Good luck with whatever your moving into....

NSS

Well thats new for a start. I don't remember Harbour having all of that on their site last year...

I think the IR dept will up their game this year and my Goodness will they have lots of news to bring us....

Im genuinely exited for Harbours prospects and the future....

Got greedy earlier when I could have had £3.00 but will settle for £3.017.

Goodness knows how many drilling rigs and workovers working. Over 2.5 Millions barrels produced this week. Onwards and upwards.

Have a good weekend all. Work being done on the deal every day.