Member Info for Neversellshell22

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"It's touted by some as possibly the world's biggest-ever deep-water oil find. The discovery off the shores of Namibia last year by TotalEnergies SE and Shell Plc of an estimated 11 billion barrels of crude has generated understandable excitement in the southern African country"

Plenty there to keep things go if its the right safety and financial environment?

Was it just me or did sound like a very frightened nervous person in the 2nd video.

Great find Nitro.

£200 Million dollars of debt forecast at end of year. Thats more than I thought ??

Thanks Nomad,

Are these (Namabia/SA) good country for us to do business in?

Thank you for the finds…

Could delay Tuna a bit…

https://www.energyvoice.com/oilandgas/473506/harbour-energy-gets-approval-for-3-3bn-tuna-oil-and-gas-project-in-indonesia/

A few months old but some interesting thinking….

https://www.accr.org.au/insights/investor-bulletin-analysis-of-shell-plc-capital-markets-day-2023/

Theres a view below that Gas prices may go lower than many believed. Any thoughts??

https://oilprice.com/Latest-Energy-News/World-News/2024-European-Gas-Prices-Could-Be-Disappointing-WoodMac.html

Namibia Plans…

https://ocean-energyresources.com/2023/04/18/shell-plans-10-additional-wells-offshore-namibia/

Https://finance.yahoo.com/news/shell-shel-makes-fourth-oil-124700353.html

https://jpt.spe.org/shell-makes-fourth-oil-discovery-offshore-namibia

https://www.shell.com.na/exploration.html

Just reading about Shell potential 11 Billion oil discovery in Namibia last year.

Drilled another well in July which hit oil and another one in August which was dry.

Be interesting to find out more about these funds??

The fact that the Windfall tax is a vote winner makes me think it will stay.

However I’m not sure they won’t find a back door way of making investments more tax friendly or something along those lines…

Just listened to Sunak…

Didn’t hear anything that helps us?

That’s what’s missing. Do Harbour really have an IR Dept and if so what do they do?

I don’t remember any year around RNS about drilling results so that would be a positive.

Norway: 3 well programme starting with JDE which should be completed by now.?

Andaman: Another 3 well programmes. One due before year end?

Tuna: Has FEED been commenced?

Zama: Has FEED commenced?

Kan and Ix: what’s happening?

Numerous North Sea Drills?

So busy times but not in their IR Dept…….

Let’s hope some of these talking heads going on at the moment make some progress.

Won’t be easy as the Tories won’t want to be seen as giving in to “big greedy oil” and Labour don’t seem any better.

Our current plan to start producing in other areas seems to be the way forward and the elusive GOM acquisition would be good news….

Here’s to a brighter future…….

Blimey CCC,

Now they were some class posters. Dalesman and Gramacho especially giving in-depth knowledge and expertise.

Back in the day as they say when Todd was God and we just waited for the £20 bid from Exonn..

Good luck….

So the fact that this huge short has now closed does that affect us in any way apart from improving sentiment….??

Don’t truly understand shorts.

If they have closed was it 4% of the total shares doesn’t that mean they have had to buy them back.

In which case why did we go down today?

Or are they some how wrapped up in this Noble stuff?

Scratches head and walks away…!!!!

Interesting how the Vermin turn up when a debate is interesting.

Not a good day and disappointing as oil kept marching on.

Tomorrows another day. 190-200k barrels of oil and gas produced so can’t be all bad….

Got it….. Thanks Mike… Reposted below for others….

So bottom line we could once again have a serious lot of unloved/unwanted shares about to land. approx 212$ million ….

As you mentioned here hoping Harbour management are on top of this.

https://www.noble group holdings.com/news/exchange-offer-result-announcement-2023/

so the shares werent dumped, they were used to settle a bond getting close to redemption

66.6m hbr shares swapped for a $563.5m bond. my *** packet maths suggests thats around $212m or 37.5% of the bonds par value (no doubt less after fees).

given that over 99% accepted the tender, bondholders werent optimistic of getting a better offer in cash. does beg the question if the new holders will need to sell out, or perhaps it might explain the big matched pairs of transactions we have been seeing recently??

Nav Mike is commenting on a good thread on ADVN about a potential huge overhang which might be coming our way soon. That’s won’t help our cause much.

Hopefully Mike might see this post and be kind enough to explain a bit further…