Member Info for NewKOTB

What is the Limit For LSE filter .... guess I will find out soon, yet another in the filter bin !

Alwayshoping,

Make sure on your visit you don't have an altercation with NWP.

https://www.bbc.co.uk/news/uk-wales-65550787

"The plant would import high-grade iron ore to produce ferrous raw material primarily for Asian customers such as JFE Steel, from the second half of 2025...."

So either they buy on open market from current producers and no doubt push ore prices higher or they source from elsewhere !! ... hummm, now where might that be !!

aimo & dyor

Bloomberg May 10, 2023

“Sunak Says UK Needs Fossil Fuels After Question on Equinor Plan”:

“Premier says ‘economically illiterate’ not to use domestic oil”

“Equinor seeks to make final investment decision by end of June”

Prime Minister Rishi Sunak said the UK will need fossil fuels for the “next few decades” as the UK moves to eliminate net greenhouse gas emissions, after being urged to oppose Equinor ASA’s Rosebank oil field project in the North Sea.

“It makes absolutely no sense to not invest in the resources we have here at home, to import foreign fossil fuels, not create jobs here and import them at twice the carbon emissions as our local resources,” Sunak told lawmakers in weekly questions in the House of Commons on Wednesday. “It is an economically illiterate policy.”

"Octopus Energy, with financial backing from Abu Dhabi, is proposing the installation of 12million solar panels, 530 wind turbines and battery storage in Morocco, and connecting it to Britain with a 2,300-mile undersea cable, all up and running by 2030..."

NAV_Mike,

Agree, however I'm sure our accountant would have already forecast our tax liability, as for CapEx that could change too but not so much so that it stops debt reduction I wouldn't think !! Additional expenditure outside of 'known' parameters is my thinking in the use of 'potential' !!

atb

aimo & dyor

N22,

"Just accounting or something to do with a big acquisition maybe??.."

Yep, fully agree, HBR could easily clear all it's debt this year but as you have highlighted and I also thought instantly too on reading is one of two things :

Move cash from debt pay down to acquisition / special dividend

or

Take on more debt for significant deal, that, by my reading is already in the process of being worked on. It's not unusual for a deal to be under NDR's for 12-18 months before announcement. Question is, how instantly accreative will it be ?

atb

aimo & dyor

Link : ( may need to C&P )

https://www.harbourenergy.com/media/d4iezlj0/230510-agm-investor-pres-vf-1.pdf

S79,

Don't fret, 2023 is the beginning of the real transformation, the year in which all our ducks come together to form an orderly line. With more than respectable debt pay-down (expected zero debt by YE & IMO well before) and dividend ~9% that's a great base from which to work from. Significant hedging falls away in 2024 to as good as zero in 2025 with expected further M&A and increased production outside of UKCS things are looking excellent, particularly given our FCF atm. EPL has done damage but for me HBR is one of the best to be in if you want to invest in any NS player. atb

aimo & dyor

Think I may have Harira for starters, Mechoui for main accompanied by spiced chicken Tagine followed by Baghrir with plenty of sweet, sweet honey to celebrate, washed down with a bottle of Thalvin.

"Serica Energy said its pro-forma Proved plus Probable (2P) reserves increased to 130.4 mmboe as at 31 December 2022 compared to 104.0 mmboe as at 31 December 2021, following the acquisition of Tailwind. After the purchase, Serica is now a top 10 producer in the UKCS and a significant contributor to the UK’s energy security, the company said.

In a separate announcement a few days later, Serica said the acquisition had also added considerably to the organic investment opportunities in Serica’s portfolio. Rig slots have been reserved in order to drill infill wells on the Bittern, Gannet E, Guillemot North West and Evelyn fields in 2024, all of which are existing tiebacks to the Triton FPSO. The potential developments of the Belinda field as a tie-back to the Triton FPSO and the Mansell field, situated in the UK Northern North Sea, are being evaluated..."

Serica Energy: EV $566m; 120m 2P; 45-50kbpd

Noreco (Bluenord): EV $1,700m; 200m 2P; 50kbpd later in 2023

https://twitter.com/BurggrabenH/status/1653799645984743424

Not sure if link will be active as it appears after yesterday's LSE 'update' links, no longer link !!

Don't want to be out of this over the Bank Holiday Coronation weekend ;-)

Shell, BP and Total trading and shipping arm's out-traded Vitol, Trafigura, Mercuria and Gunvor !

All profits from such operations are no doubt are out of reach of UK's 'windfall' tax jurisdiction.

aimo & dyor

Almost full page of green filters, what moronic & extremely sad way to live a life (if you can call it that)

At this rate of decline, Mercuria will be able to acquire us for less than we paid for TW. Just as well Mercuria are locked out for 18 months following completion.

I quite like Evangelos Odysseas Papathanassiou as an outsider interest !!!

The market taking such a +ve view of our TW deal and rewards as promised by Mitch shining through in our SP …. !@#$

See ARM have put its two fingers up to listing on LSE and instead chooses Nasdaq .... !!

https://www.bbc.co.uk/news/business-65445428

LSE in not the place to be for any stock nowadays, let alone tech one.

With long w/e and weather improving in Ukraine, good chance Putin may make another push. Guess what that will do to O&G markets.

aimo & dyor