The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I couldn’t agree more. I’m afraid it has gone to the dogs. Some of which are clearly rather rabid. Such a shame as there is simply no point debating with idiots as they drag you down to their level and beat you on experience. It’s a sign of the times unfortunately. GLA
….. are very strong atm
Implied volatilities and seasonal spreads very positive
A favourable outcome on the JR would be very significant for HARL. I would expect any investor would cover our back costs which I believe are well in excess of £15 million
Even if the JR isn’t as we wish I expect plans are afoot to deal with an alternative to the marine outflow of hypersaline.
GLA
Gosh folks get very sensitive. I’m afraid I shouldn’t have made the suggestion that this is what could be the concern. It’s hardly a reason to start getting personal now. I’m disappointed with the SP but I’m not being disparaging of posters. It’s not as if what I have to say changes the strategy of the company. Kindly get a grip.
I wonder what folks think about whether a placing is coming ? I know they have a few million in the coffers but it so often happens after an announcement like this. I hope not but I am wondering if this is what might be driving down the price
I work in the industry and there is significant supply chain inflation from the wells and completion services, pipeline and platform infrastructure as well as topside green and brownfield mods. Rigs are scarce as they are all west Africa and the med atm. Etc etc
As I may have mentioned earlier. The capex imho is a lot closer to $1.5 billion than $ 1 billion. Any maths on value perhaps ought to be based around that number.
The goons in HMG & beyond are threatening 200,000 high tax paying jobs with their constant tinkering at absolutely no good for the environment whether one believes in global warming or not.
This project will proceed now NEO are alongside. It’s a shame it’s not going to make us investors as much as we’d hoped but for the patient souls on here a 12-18 month wait will see it double from here again imho
You prove your lack of knowledge and credibility to everyone yet again on this board. Do you have any conception of what a complete laughing stock you are for the rest of us? It’s hilarious and sad at the same time that such a prolific board hog has little to no understanding of what makes a bankable loan or investment. Keep going and keep us entertained …. sadly we know you will …
Aside from the usual subsurface, facilities and route to market conundrums associated with these developments the number one tricky issue to solve is the electrification of the facility and most likely any third party facility via which the petroleum reaches point of sale. This is capital intensive, technically challenging and to some extent breaking new ground in the UKCS. I hope they got there in the end and will either utilise a transformed power from shore scheme or it’s connecting to a future offshore wind farm which might delay start-up and will still require back-up generation eg biodiesel. I think they’ve worked this very hard now and considered all the options so commercially it’s viable as the new BEIS will not consent ie give FDP unless it’s an integral part of the development plan. GLA
We need to be realistic about the finance situation. Personally I think it’s highly unlikely that the Astra deal will provide cheaper finance but it will provide a longer term facility. The macro picture is rather bleak if you’re a larger established entity so for little old us it is going to be costly and as we’ve said this inevitably eats into margins. On the bright side we can look forward to more contract wins as there are so many bids out there in so many sectors. Breakeven is realistic but it’s harder to see how we are going to be profitable for a while
If this isn’t announced by end March I think they have to put out an RNS anyway as it’s into uncharted territory given AB’s November advice. It’s the size of this deal that makes it so difficult so there may be more than one party involved. There are other FO deals and asset sales happening but this is a real biggy. I’ve said before it makes much more sense just to take the Company out with eg a £4-6/share offer which is still risky as it’s all cash up front whereas a FO will be some cash and milestones around FDP, FID … first oil etc. Who knows ….when the bell will toll? GLA all it’s a bit squeaky bum
The next 10 days will be interesting as punters may be enticed back. These are proven reserves of oil and even at a paltry $3/bbl this has very attractive upside. Downside of no deal could take us below £1 but that would be a huge failure and with multiple parties interested there ought to be a solution that works for all. GLA not long to wait now I reckon.
This is a conservative and sensible update.
Imho they don’t want a repeat of 2022 so I’m expecting them to beat the 2023 forecast by some margin.
IM has an assumed zero value which again is conservative; any deal will likely return sunk costs as an absolute minimum (circa £20mm).
Debt an issue but I think manageable if they keep converting all these bids into work which they are definitely getting better at.
Expecting more positive updates soon from H&W team.