Member Info for Nobby31

I think the UK government has gotten itself into a real pickle with this. There really ought to be two very separate strategies around energy. One to focus on the longer term targets to reach net zero and the other to deliver lower energy costs from now for next 5 yrs via greater supply side stability including storage (battery and gas), onshore wind, acceleration of UKCS fields along with demand side management; including insulation, universal smart metering and better grid management.

Good morning Consuela. You've done a wonderful job getting us up from 15 to 20p.
Do see if you can push us on to 25p with these posts.
I see we are down a tickle this morning so keep them coming as its all very counter intuitive but its working so far

Weirdly the share price seems to be moving in direct proportion to the number of posts from Consuela.
Please could she keep posting as she’s doing a much better job than the Board of Directors.

I think the elimination (or significant reduction) of any short or medium term requirement for more funds from shareholders has helped to place floor on the downside. As some have pointed out the technical charts seem very bullish.
Nothing has changed in terms of contract awards and we are still waiting but you'd expect the next financial year to include most of the Saipem contract value plus the many breadcrumbs they keep winning which ought to take us to circa £40 million making any additional contract awards of scale taking us above £50 million which for a £30 million(+) cap company is looking bright. But, show me the new contracts ..... originate some business ...... unplug the pipeline etc. So many "potential" awards that it can't be too much longer as we were told announcements in Q2 2022 not so long ago. Let's see if they deliver this time?

I’d probably have shared my views if not answers on these points but I found you rather patronising which put me off bothering to reply to you.
I’m far from being a firm advocate of the company especially in its activities and behaviours over the past couple of years but I do think they will succeed albeit that it may take another 12-18 months.
As I was involved with the company in its early days I’d very much like it to succeed both for my own personal beliefs and for the net benefits it could bring to the parts of the country in which it operates.
Lots of ideas and intents have been expressed by the Board over the years most of which have not materialised however there is enough going on out there for HARL to play it’s part in and eventually restore the name to some of its former glory

Biggest one I have seen. We are in relative nosebleed territory here (yes I know its barely 20p) but bound to be a few sellers that got in at the 14s and 15s not knowing where this can/will go.

Consuela,
Thanks for pointing out these intricacies. Perfectly understand you and your colleagues are desirous of ensuring that the correct conclusions are reached. I think that whilst the delays are necessary to ensure due process you are ultimately on a hiding to nothing with this as it will imo proceed to full development. The main issue I’m not sure about is whether it will be used for methane and hydrogen or just hydrogen. Given it’s unlikely to become operational until circa 2027 it might well be the latter
but I think it needs to be both with the hydrogen blend eventually becoming the predominant transported and stored fuel. Let’s see how it plays out. As you are close to the process please do continue to keep this board informed if you are happy to, whatever the updates.

Ooh that’s not very pleasant Consuela.

Where are the funds coming from to pay for the JR? If it goes against the appellant is it Friends of the Earth that have to cough up? Be interested if anyone understands the scenarios around this

It is my "guess" we will get good news towards the end of Q2 and that it will involve Shell Energy. I don't know this for sure but they are/were in discussions on the project and Shell are very much positioning themselves to be in the downstream electricity supply business both for domestic and business customers. This means they will have to hold positions in key infrastructure to hedge and supply their downstream customer base. They are also setting up/part of the Bacton Energy Hub in Norfolk England which will bring about CCUS along with Hydrogen generation as well as the traditional gas processing to grid services. Let's see if I'm right.

Stokey, John Wood likes to use the reason that contract values undermine their commercial confidentiality and competitive position. Even if its a barnacle removal operation! Most of these jobs are in the low hundreds of thousands, some even less so not much to report really as they do not warrant an RNS. I suspect (or would like to think) that they have an internal guide that they operate to where anything eg over £2 million might impact the SP and is therefore worth an RNS. Hence my grumble as they have literally originates nothing over this for 2 years which is utterly crap. Agree with Lottie but as ever the mantra "show me the contracts" hangs as a banner in my mind when I think of HARL and the complete trail of bull**** I have heard in the past when they used to talk to me. As I have said before - It'll come good despite the management - its the macro economy and geo political factors that play into the company's hands making the original rather hopeful acquisitions look like a highly savvy move from someone that knew what they were doing

Blimey o' riely, surely with all this going on we can't fail?
2022 and 2023 ought to bring a surfeit of new contracts. Just hope they choose the right ones and actually make a profit on them. We just need to break to seal on this bigger work which has been easier said than done but surely must happen.
Anyone considering coming in as a potential investor now could be in for rich pickings so long as they are prepared to ignore the chequered history of this Company. Only wish it was me coming at this low entry point and not 45p! A couple of large contracts will close the gap and if we ever get some sort of commercial traction on the storage project there's a decent change we will surpass it either later this year or 2023. Still retaining my holding and looking into the near distance for those sunlit uplands

Looks like MMs read this - they’ve just priced it down

Thanks Lottie
This rise of circa 5p has certainly swung the momentum around. I appreciate what you say about the charts but for me it’s decent contracts with reputable counter parties that I would welcome the most. Despot the huge number of bids and tenders the Company has responded to and probably an even bigger number of NDAs they have in place, nothing so far of note has surfaced. Surely it can’t be long now ?

Lottie can you explain why small purchases near the close have this impact please?
Also from your earlier post were you implying that the MMs have less shares on their books to use to manipulate the price I didn't understand your terminology. Thanks in advance

stokey12 i know better than to get my hopes up with this lot!
I'll start getting my hopes up when they actually originate some material business and release a clear and decipherable RNS stating the value of the contract and when it commences etc.
Of course our current CEO tells us that is only a few weeks away so not long until i get my hopes up then?!
Good weekend all and GLA

If you know much about complex infrastructure developments then it is quite usual for their to be many hoops to jump through. The corporate entities that are currently engaged with HARL on the storage project will have done their due diligence and not be discouraged by this in my opinion. The energy complex is crying out for energy storage (be it hydrocarbon, hydrogen, CO2 etc) and this is with us for decades.
On balance I don't really understand the environmental concerns being material to the bigger picture as this project is very benign so talk of marine creatures and habitat being lost is inconsequential (as shown by other projects), abandoned caverns blowing out is incredibly low risk and highly unlikely with todays plugging technologies. There are hundreds of thousands of plugs and abandoned wells many of which are in the North Sea. The energy security and integration benefits of a green storage project to NI/GB are immense. The project will go ahead but I'm just not sure when.

MMs holding and amassing quite a book for these trades to happen. Over 1% of the company so far today.
I think that any contract news will leak before we get to hear about it but let's just hope it does come in Q2 and we don't have to put up with another round of excuses due to blockages in the pipeline.
One always has to be prepared to disappointment with this lot; when you think all the problems are in the past they are expert at delivering more however it does look a but brighter. If Putin holds back gas it just makes the case for strategic storage even more compelling albeit the government and some market commentators think LNG will save the day

The JR ought to be the last major hurdle before we learn about progress on this. I can understand why they aren’t saying much right now. This opportunity is what the company was started in the first place and it’s now very valuable. Hydrogen has slowed it down but it has to be worth at least 1/2 multiples of the current share price to the developer

I do understand your technical stance Lottie. I’m just fed up with the constant repetitive comments that contracts are a few weeks away. I’ve heard that at least a half dozen times over the past 18 months