Member Info for Surfit

Rookie own shares in Sercia by any chance? It keep popping up in your posts?
Personally they look a good buy, my bet is Kistos energy would be the favourite buyer and yes I own shares in the (-;
Rgds Sft

Hello all sent a email to HBR investor relationships asking about who owns what shares and asked about EIG. This was the reply.

"EIG are subject to lockup arrangements of 12 months which will only expire at the end of March 2022, so their original holding remains the same.

We do not share the names of shareholders beyond those who have publically disclosed their positions above 3% via a TR-1 notification (which are available on website: ...."
https://www.harbourenergy.com/investors/regulatory-news/

So interesting to understand about EIG' s holdings but no other help really.

So it's obviously a gap in the market for data share disclosure. Or maybe signing up to something like bloomberg or another share trading service may provide better data. I know interactive investor does not I.e. they use morning star but only at a really low and meaningless level.

Rgds Sft

Well Oil, been thinking along those lines with regards EIG. Who were Chryasor owners.
Still not understanding the share ownership at present as at merger:
PMO "merger" the share allocation was:
EIG 36%
Former EIG Investor's 34%
Chryasor legacy investor's 7%
PMO creditors 18%
Us lot 5%
So how does it work with share allocation say with EIG and Former EIG Investor's and what shares do HBR actually own?

And if there is a % change (is it 5%?) in voting rights the an RNS or notification is required correct? so during all this share buy/sells we have had none?
That's why I have been interested in trying to understand where /who has all the shares.
What share were surrendered to HBR: our 5% and PMO creditors 18% that did not take the cash.
So that's 23%. Did EIG former investors get 34% get paid off?
Comments anyone? Maybe I should just email HBR team to ask.

Rgds Sft

Many thanks Plebleens, appreciated.
Interesting GIC limited: "GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore to manage Singapore's reserves. The government is the owner of these reserves"

Still missing some overall large percentage holders i.e EIG.
To find everything, still seems elusive....again thank you.
Rgds Sft

Thank you for info: been following the news (web) and the bb input from all.
Question (my 2nd post did not go through):
Is there any site or subscription service that supply:
1. the day to day trades bought or sold on HBR by the ii's?
2. Includes the name of the ii and that days buy or sell?
3. Provides All above info on holders I.e. including EIG
I am aware that as per FSA rules that an RNS /notification is required when a company increases their holdings (eg in HBR) by a certain % (5%?????)
I.e. Major Shareholdings Notification
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure
BUT
I am unable to find a site/service that gives a constant and accurate (end of trading day) full disclosure of all investors as above name and change in % holdings?
Many thanks, apologies if this is or not an obvious service already provided or just is not a service available.
Rgds Sft

....those buys are actually used, surely we would look to see this displayed as an increase in ownership % displayed.
NoFear, you had access to morning star or was it the FT data that showed % ownership.
Also checked shorts tracker and HBR has no shorts set against it, above the notification threshold.
Could the recent rise been an encouragement by mm to prompt sells to fill a large order/block buy???
And this recent covid scare has just aided them in filling buy orders???
All my own uneducated speculations, some of you guys know a lot me than I.
Rgds Sft
Regards Sft

I posted on Monday /Tuesday looking to see some stability at 420p.
I am disappointed that we are not there but very please with the closing SP following the unexpected panic/drop on PoO.
If HBR starts to come back to getting tied into PoO fluctuations then I will actually be happy with that and at 410 we may have shaken the 9verhang money off our back.
My guess is if the communications with ii's are being held, which this current Friday SP indicated some chat is going on I still belive there is going is significant build by either EIG or other ii's
Our sells are significantly bigger than our buys all week up to aprox 3:1
Most of the trades have been auto and the bigger as O.
# of Trades 8,346
Vol Sold 2,422,211
Vol Bought 883,801
That's a big disparity something is afoot.
All IMO, and uneducated at that.
So if Soder and like wise have any more experienced input (even to shoot my theories down) would be welcome.
Rgds Sft (learning learning)

Interesting 2nd last trade
Note: Last trade
25-Nov-21
16:35:22 423.40 £237,640 Sell*1million  UT (re order as uncrossed)
Does not fit with recorded volumes, will be interesting to see how it's logged later.
Rgds Sft

Disparities between Sells and Buys been slowly increasing all day: Wonder if someone is trying to fill a decent sized order??????
Rgds Sft

IMO, if some directors are comming in at near recent prices they are not in for a quick turnaround?
News recently looks better especially with Tuna. Add the hope that Tolomount should be up and running in the next month /6 weeks and having negotiated supply price agreements completed (encouraging on operational start up time lines) AND the "possible" payment of a dividend (I.e. directors buying) could indicate a reasonable yield level???????? Anyone want to speculate what level would be realistic?
Outstanding issues is the amount HBR are looking to claw back from SL and a possible exit from Zama, but the reality is this (Zama) could end up in the law courts unless the Mexicans change tact some? I.e. they (Mexicans) may drop field operatorship, by using it as a bargaining point for their unsubstantiated (no drilling) to support % claim on Zama overlap field reserves??
Overlap looks to be have eased, will be happy and more confident if SP remains +420 at end of Friday and no profit taking I.e. investors starting to realise SP is under priced with the companies operational status and old creditors out (stability on SP) now its just down to performance and fundamentals of an leading UK operator?
All IMO.
Rgds Sft

Would be nice to see this reach and hold at 420 by Friday? Just still do not know if this is a firm hold, if it does it would be a good indication of "some" confidence on HBR. No reason not to after the Tuna news add some welcome news regarding Tolmount and "potential" dividends.....I might start to feel we are eventually turned a corner to be back on a more stable road. Fingers crossed, which is all we can do as HBR like to play thing close.
Role on 6th Dec and clear information from management.
Rgds Sft

Dear Harry, genuine question: Are you Chris Eubank?
Your eloquence in reply, the detail in your observations and summarised analysis reminds me of him.
Best Regards Iron Mike, PS I like you on gogglebox too.

Hey Buzz, you have a very valid point there.
Just do not know there history.
Rgds Sft

Hi LTT, imo and understanding neither Navitas or RKH have the experience in working as an oil field "operator" and it would be highly unlikely either would be allowed to do so on such a sized project.

Extract: "To be appointed as an field operator a company will need to show that it understands the Strategy obligations on licensees, OGA’s Expectations for effective Stewardship, and the environmental responsibilities of the operator ; and that it is competent, both financially and technically, to discharge these under its agreements with its co-Licensees (and wells and installation operators if appointed). The company will need to be able to demonstrate a sound management structure staffed by an established group of experienced personnel...."
https://www.ogauthority.co.uk/exploration-production/production/field-operatorship/

So there, is not just due to the obvious finance requirement, a need for a more proven experienced third party.
Note: Nigoil (ADFN bb) in a rare moment of reasonable communication put forward Delek as a"potential" third party. They "MAY" (repeat) may be precieved by FiG and just as importantly the Oil and Gas Authority (OGA) as acceptable.
Obviously there has been no public indication that Delek have or will be approached, but is not an unreasonable consideration of tipple when supping at the last chance saloon.
https://www.delek-group.com/about-us/history/
All speculations only.
Rgds Sft

Following on: hence the decent increase yesterday?
Is that how you or others see it?
Rgds Sft

Hey No Fear
# of Trades 1,558
Vol Sold 371,270
Vol Bought 1,532,037

looks like the disparity from yesterday was filled today?
So would that indicate, that the MM's took the sell(s)(yesterday) and only block filled the order today???
Rgds Sft

Not sure if this has any meaning but I noticed a similar disparity yesterday?
Previously the difference has been similar
# of Trades3,189
Vol Sold 1,592,607
Vol Bought 775,588

Regards Sft

Hi Sodar, that is in interesting statement (from HBR)
"tolmount gas sales agreements will be rendered and effective from October 2021”.
Would I be assuming that they will have been a certain amount of hedging done in those "agreements" and therefore probably a very good time /date to have been discussing such??
Rgds Sft

Hi Sodar thank you for the kick off post:
So the % you posted totals 67.95%

Just as a reminder on PMO "merger" the share allocation was:
EIG 36%
Former EIG Investor's 34%
Chryasor legacy investor's 7%
PMO creditors 18%
Us lot 5%
Note: not sure who, what the nature or meaning or investment intent is/was of "Former EIG investors" indicates...I.e would they be LTH's? Or short term creditors?
But they and EIG (obviously) make up the largest shareholders in the group.
Info taken from "210304-harbour-energy-march-roadshow-final.pdf" put out in 2020.
Also cheers to NOFEAR.
As we all hope if this can be sustained, we might be getting the adjustment we have been hoping for, and the "great sell" of is coming to an end.
IMO EIG will though want to remain the majority holders and possibley not lose out to another group?
Time will tell. GLA.
Rgds Sft

Interesting bit of information on discovery date on the Combo field, just shows how long some of these developments can take.
"Located 125 km north-west of the Shetland Islands, 30 km south-west of Rosebank and 50 km north of Schiehallion, the field was discovered in 2002 and had five wells drilled into the structure. Siccar Point acquired a 100% operated interest in the field from the takeover of OMV (U.K.) in January 2017 and brought Shell UK in as a partner in May 2018.....
.........The Cambo Field would help to reduce the volume of imports required to meet energy demand in the UK, by delivering up to 170 million barrels of oil equivalent during its 25-year operational life.
Cambo would also provide a further 53.5 billion cubic feet of gas – enough to power 1.5 million homes for a year"
Deeper water than SL, less in the ground BUT not as remote, no Argies threatening sanctions on any and all investors therefore you "eventually" hook a financing operator.
https://www.siccarpointenergy.co.uk/our-portfolio/corona-ridge-area

On another note:
We need more than just Navitas and their money we need another real operator, my understanding is that they are NOT the operator on the Shenandoah deepwater oil field I.e. Beacon Offshore Energy is.
IMO Neither Navitas or RKH carry the knowledge, experience or personnel to be allowed to be the operator.
Sam Moody in the past has confirmed as the JV partners that RKH own the FEED information its just the costs paid for FEED and % of the field paid by PMO to RKH that HBR will be looking to claw back unless there is a contract clause that in with FiG, but that I doubt.
https://www.ogj.com/exploration-development/article/14209323/boe-exploration-advances-shenandoah-project

Rgds Sft

Rgds Sft