Member Info for NoAngel

Apologies, wrong co info

Finally!

Please note that the slide reflecting the new HBR interest in Block 30 should show the consolidated 70 % interest for the new co.

I was baffled by the figure shown and checked this with IR.

This is a great deal for HBR shareholders. The fact that HBR will now be in the ftse 100 will in itself force Institutions to build a weighting in the stock.

The fact that BASF will be a massive holder means the available pool of equity will limit the ability of the big institutions to hold a natural weighting for their funds.

Great news

DYOR

Thanks Miles 44, good post. The next ones are higher value to HBR and so even more important.

It is not amazing, it is incompetence. It shows that HBR have no intention with communicating to the institutions and PI’s. Their inability to support the shares ( outside of the share buyback scheme) ,by maintaining contact with the market through press releases AND presentations, is dire.

The IR dept clearly cannot cope with informing the market and the BOD are negligent in monitoring this.

West Cappella rig is shown as having left harbour and sailing ( to drill site?). Investor relations seem slow to flag beginning of a critical drilling phase.

NSS , sadly you are right

The IR dept does NOT INFORM shareholders of the activities of the company. The results are simple

There are no discernible institutions supporting the company and little attempt to develop a broad institutional shareholder we base. The IR dept seems unable to organize marketing to institutional investors and so leaves the PI exposed to being manipulated by traders .

The removal of the NOBLE share block is the ideal time to raise the co profile.

Something that the IR dept seem incapable of doing.

Hi NAV-Mike, this may be the counter party to the Taconic short of approx 4%.

If this is true then the short should disappear and we are free of another overhang . This should be good news for HBR.

A possible answer is that the Taconic short works by A) selling HBR shares to raise cash. B) use cash to trade oil options. This is a very leveraged game on the oil price but works well if HBR shares go nowhere and oil option calls rise. They bet on the terrible performance of HBR continuing due to EPL and have free money to play the market.

NAV_Mike. Your point is well made. How can HBR pay the same dividend when they have promised $100 for the half year.

With approximately 800 m shares outstanding, surely the dividend should be closer to 12.5 cents a share?

Am I missing something here as actually the shareholders are being shortchanged?

Klign, following your advice , I wrote to the FCA and raised a complaint about the lack of response from HBR about the 85 million shares traded… and no immediate explanation.

I possibly made a mistake by heading my email HARBOUR ENERGY LTD.

A RESPONSE CANE BACK 48 hrs later from the FCA saying that they had no record of Harbour Energy Ltd and so believed the share trade was a scam.

God help the investors in HBR

Have a good weekend all

I see on Yahoo that 85 million shares were traded in HBR yesterday.

Given that this is well over 10% of the company, isn’t this a material event in anyone’s book?

We must accept that the investor relations department are unable to write anything BUT LC and the other directors are duty bound to inform investors as to what is going on.

Am I the only one thinking this ?

Apparently the Ix exploration well was plugged and abandoned before reaching target depth. This does not mean that the structure is not commercial but that the drilling issues made them abandon it.

Could explain why the Borr Ran is still shown as being on sight after such a long time

Had a look at the 2Q results published yesterday and it makes interesting reading.

Talos seems to be under serious cash flow pressure. It has very high interest debt outstanding i( about 11% interest rate) and owes approx $1bn. This looks as if they will scrabble to finance any new developments and explains the sale of the 50% of their interest in Zamma.

Harbour could be in a position to drive a tough bargain.

Thanks kign. . The FCA then imposed a modest fine and the Premier rights issue proposal collapsed

Does anyone feel that the “hidden shorter “ that was able to short over 20% of the stock , and help destroy the company, is being replicated here? The fine paid was minimal and LTH of Premier ( including me) got slaughtered.

Persistent shorting when oil prices are rising and so many positives are lining up for the co seems odd.

This must not happen to us again

Can someone remind me of the oil production hedges still outstanding in 2023 and when they fall away?

Many references to the Borr Ran moving to IX around 23/4/2023. I have been watching the rig location and tracker info but have not paid up to get the exact location.

There is no news of the Borr Ran moving offsite and any new contracts don’t start for a while.

Wintershall results yesterday seemed to miss out any comment of Mexico drilling success.

We are well over the 90 days estimated drill time with extension.

Any ideas as to what is happening on the IX exploration ? The well drilling has been over 90 days , as long as the Kan well and side track. Wintershall DEA 2Q results yesterday did not mention Mexico at all !!

My view is that there has been another material discovery, requiring additional drilling for possible appraisal. If there had been nothing, the Borr Ran drilling platform would be long gone.