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Come on Auson, don't be unkind. Godfrey says he's got 2.75 million!!

Why do you think Harbour Energy have got involved?
The potential $4Bn tax credits are a pretty good start, but as we heard in October, they're looking ahead by a few decades, when those tax benefits will be ancient history.
Also, as one of the wiser posters recently said, they're looking at the PoO over a few years', not the PoO today (although it being over $55 right now is a great help).

I don't know why any of us wastes any time on Godders, but I suppose it's because he constantly disrupts the board with inane, distracting posts.

This is the guy who whinges all day, but when asked, says he doesn't know what his RKH holding is. When challenged on this, says he isn't fussed!!!

Then, all-of-a-sudden he announces: "Checked my holding and my rkh stock is worth 214k". Assuming "214k" means £214,000, on my reckoning that's around 2.75 million shares, and he "isn't fussed"?

If you're reading this Godfrey, in between polishing the Tesla, instead of posting your rubbish here, why not listen properly to the October 2020 Harbour news conference.
Then, if you insist on continuing to post here, that might help you to make more sensible contributions.

That's always assuming that Godfrey has been telling us the truth!

I'm sure Linda Cook (or someone!) said in that October presentation and Q&A, that Harbour were principally interested in operations where they would be in control.
If so, that more-or-less rules out Zama, which we pretty much know anyway, but rules IN the FI and SL in particular.

Regarding that presentation, I listened to it all twice. It was no good just listening to selected snippets, because there were loads of little references sprinkled throughout the session, which when added together started to make a coherent picture.
So if you just listened to a few minutes when SL was briefly mentioned, you wouldn't get the underlying corporate/strategic messages at all.

That's why I was intrigued when the management team gave seemingly vague, or uninteresting answers to some of the questions and the questioner thanked them for such "helpful" replies. I assumed those in the know were able to make more if it than I could.

Mogger, is that why I can't remember where I left my specs, or which day of the week it is?

If you see my specs, please let me know, I'm sure I put them somewhere around here!!

Between polishing the Tesla, Godfrey, maybe learn to read?
I wrote " we'll take the opportunity to buy", not you.

Then we'll take the opportunity to buy some more.
Now run along and polish the Tesla

Bloody 'ell - Godfrey whinges round the clock and now tells us he doesn't know his finances and, even more amazing, he's "not fussed"!
I must be dreaming - please wake me when the sp hits 50p!!

Godfrey, stop bothering the adults and go and polish your Tesla again.

Marunam2, that was precisely the point I was making, or at least I thought it was!

The key reasons that RKH pursued Italy using the Energy Charter Treaty (ECT) was because pursuing them through the Italian Courts would take forever, cost a mint, but most important of all, any judgement made during the term of one government would be likely to be overturned by a subsequent government. Italian governments tend to change very frequently and are notoriously unreliable when it comes to honouring commitments made by previous one.

Therefore, while this may seem great news, how long might it remain in force, before it's reversed again?

Just "free"

Auson, for some time now I've assumed Zama would be "monetised", as that's what I overheard being discussed between attendees at another company's AGM ages ago.
At the time PMO really wanted to get on with SL and things in Mexico (e.g. the politics and Pemex) weren't great. Those things, if anything, are worse now.
Of course, unless it's an obvious fire sale, anyone selling such an asset would probably have to put up something of a pretence that they intend exploiting it and Harbour might even be having another mature look at it, but I'd say Zama is likely to be sold to the highest bidder. Now may not be the best time for that, so the pretence continues.

At the Harbour October presentation & Q&A, for the directors to have said anything more than was said would have been considered irresponsible and reckless by their shareholders.
So I completely disagree with those who say that as nothing was said, for example about SL, that means Harbour are probably not interested. I reckon they're bloody interested, but want the opportunity to check out the numbers/details and renegotiate anything that can be renegotiated, otherwise they'd not be doing their job properly.
Don't forget, RKH shareholders are used to Sam Moody's rustic management style, expecting everything just to fall into his lap, just because there's a lot of oil in them there wells, which hasn't got us very far.

LTT, I think your assessment is pretty realistic.
Having listened to Linda Cook and the rest of the Harbour Exploration presentation and Q&A very carefully, they sound pretty on-the-ball and would have been very unlikely to have said that they are very enthusiastic about SL and are going ahead with it at this stage.
For a start, it was impossible to say what the PoO would do in 2021, except that it would probably rise, if a vaccine were to be approved and wasn't overtaken by virus mutations, but rise to what level? $55? $60?
Then, new management would certainly want to go over the figures before making any commitment to doing anything, so that's hardly a surprise - we'd do the same wouldn't we?
Anyway, even if they had secretly already decided to go ahead with SL, they wouldn't want to appear too enthusiastic in public while there might be opportunities to renegotiate contracts and have "a bit of a chat" with FIG over taxation and the like.
After all, the FIG must realise that their dream of almost unlimited wealth, divided between just a few thousand population is looking a bit shaky now. So let them sweat as they see the effects of Brexit on their other revenue streams and no tourism income because of COVID.

I'm not saying it's "ON" for SL, but so far, the Harbour management actions have been exactly what one would have expected. In fact, I'd say that if Harbour had just stood up in October and said "Tally Ho, we're going to start with SL as soon as we can", I'd have found that much more out of character.

LTT, just a little question: is this train you refer to the same one referred to by Jonathan Van-Tam?
If so, it must be getting a bit crowded, which maybe where HS2 might come in? Maybe not, as we'll have another very long wait for that!!

Anyway, Happy New Year

covgaz, you may well be right, but nothing is certain in this world.
UKEF continues and fossil fuel funding applications, while certainly not the most popular, haven't been 100% ruled-out.
So, there might just be a slight glimmer of opportunity, as we know that Boris (and his merry gang), isn't bothered if there's something he's decided to do.
Before getting too ****y, when putting down Auson's post, I'd wait and see, if I were you. Having come this far, we won't have to wait too long, whatever the outcome.

I suppose something we can pretty much agree is that just about everyone has incorrectly predicted oil consumption and prices over the last 6 years, or so, so I'm not going to start trying to guess now, except to say that Harbour Energy seem very convinced that oil and then increasingly gas, are going to be needed for a few more decades, as the Big Oils publicly distance themselves, particularly by reducing (perhaps even stopping) large-scale exploration.

Governments will have a lot of post-COVID economic catching-up to do, so they're going to need oodles of cheap energy to help recover.

Recoverables don't provide reliable energy on the scale needed.

The anticipated nuclear fusion silver bullet is still a long way off, and conventional nuclear is VERY expensive and takes a long time to implement, so oil & gas will have to take the strain for the time being.

There's a lot of oil and gas around the FI, with a benign government.

So, I leave it to you to make up your mind where this should be going.

Please, forget renewables, nuclear, EVs, etc. as far as RKH and SL are concerned.

Quite right, but I thought we'd already kicked renewables into the ditch, as far as fossil fuel demand is concerned.
If you're not convinced , just follow the recent Harbour Energy update on 16/12/20, when Harbour intend filling the gap left by nuclear and renewable shortfall for decades.
They didn't at all bothered and they don't seem to be dreamers either.