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Personally enjoyed reading this one.
This will undoubtedly be a game changer for Asia as will Zama for the Gulf of Mexico, hence Carlos Slim and family!
https://www.upstreamonline.com/exploration/indonesia-s-new-exploration-sweetheart-mubadala-energy-could-fast-track-andaman-sea-development-by-2028/2-1-1643959
Indonesia’s new exploration ‘sweetheart’: Mubadala Energy could fast-track Andaman Sea development by 2028
Indonesia’s new exploration ‘sweetheart’: Mubadala Energy could fast-track Andaman Sea development by 2028
After all, “11 trillion cubic feet of gas, according to consultant Wood Mackenzie” is serious business!
Fantastic find but a long way before any dollars roll in and lots of discussion with the government and also who wants our gas…..
Fingers crossed we will get these things covered off and get cracking. Helps to have a rich and powerful partner….
“However, the next major challenge for the company will be to manage stakeholder expectations by balancing Indonesia's national requirements with its own corporate objectives.”.
However, first gas post-2030 may be a more realistic date given the complexities involved.
Harbour Energy is slowly transferring into a super major energy player, and this is even before the merger!
Many interesting takes/articles to read up further here:
Tangkulo gas discovery offshore Sumatra could open wider deepwater development
Mubadala’s Tangkulo-1 gas and condensate find has lifted total in-place discovered resources in the area to 11 Tcf, according to Wood Mackenzie.
https://www.offshore-mag.com/field-development/article/55039788/tangkulo-gas-discovery-offshore-sumatra-could-open-wider-deepwater-development
Be careful what you wish for. The Indonesia tax regime is more punitive than the UK and has deterred investment over last decade. Hopefully `mubadala can convince government to develop a fairer tax policy.
New emerging FTSE 100 Harbour Energy here will be a major global O&G player and not only very well diversified geographical but also asset wise too thereby, becoming cleaner 60/40 Gas/Oil from present 50/50 status), along with being a leader in CCS, I call that prudent management!
Adding Chevron to the long list of big oil companies now leaving the North Sea is all simply due to unpredictability of this flip flop government, as for any business, stability and predictability are key for future investments, and unfortunately for now, UK has become a banana republic where forecasting has become impossible, so well done HBR for being super proactive in this respect!
Carbon capture and good management just an example of corporations working with goverments at shareholders expense
Still tracking oil yeilds and $ nothing more atm
Heres a copy and paste you cherry pickers seem to have missed https://www.zerohedge.com/commodities/traders-ditch-bullish-bets-oil#google_vignette
Looks like the share price wants to push higher. Needs to break above 330p I feel before a leg up to £4.
Looking that way seems to be playing January on the monthly candle...Might be wrong
But heres hoping.About time the donkey started joining the rest of the mkt 😂
In my ignorance i am not sure how this impacts on the comparative Winter valuation. To me they knew this was on the horizon.
Last December at the time of the agreement/M&A with Wintershall Dea, 360p a HBR share valuation was put/mutually agreed here (at the time), now with all the developments since, hopefully we’re all going to see very much higher valuations/market cap here going forward, especially once back firmly in the FTSE 100, fingers crossed.
Been slowly selling recently hoping to buy back again low 290s but not sure if it’s going to happen. Still holding a few but not sure I did the right thing selling. Oil higher also since Uk markets closed. Rookie and the rest of the traders. Any views.
Wrong time to sell in my opinion.
Lots going on this month..including the Prospectus..…
Maybe. Also investors reinvesting dividends should prop price up but nothing goes up in a straight line so let’s see. Maybe a pull back in oil will do the trick for me
Well next week should capture our attention ...
???
Woz on next week??
Iran
330p is that key level, come to daddy!
£3.30 is Key in which way?
"£3.30 is Key in which way?"
It was resistance in December 2023 after the deal announcement, but also a previous support level which broke in autumn 2022 after the announcement of increase in EPL.
I still feel short changed - again.