Harbour Energy plc

Equities

PMO

GB00BMBVGQ36

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 16:35:10 23/05/2024 BST			5-day change	1st Jan Change
309.2 ^GBX	+1.41%		+0.45%	+0.19%

05-20	North Sea energy firms look beyond UK after tax squeeze	RE
05-13	Harbour Energy notes "significant" gas find in Indonesia	AN

Harbour Energy notes "significant" gas find in Indonesia

May 13, 2024 at 10:10 am

Harbour Energy PLC - oil and gas company operating in UK North Sea, with additional assets in Indonesia, Vietnam, Mexico and Norway - Notes operator Mubadala Energy's announcement that the Tangkulo-1 exploration well has made a "significant" discovery of gas at the South Andaman licence, offshore North Sumatra, Indonesia, of which Harbour Energy has a 20% interest. Says this follows the major discovery at Layaran-1 well on South Andaman back in December. Harbour Energy says the rig will now move to appraise the Layaran discovery, marking the final well of this exploration and appraisal campaign.

Current stock price: 308.20 pence, up 2.7%

12-month change: up 27%

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Harbour Energy plc

North Sea energy firms look beyond UK after tax squeeze	05-20	RE
Harbour Energy notes "significant" gas find in Indonesia	05-13	AN
FTSE 100 climbs after doveish BoE decision	05-09	AN
Stocks climb as BoE holds but two back cut	05-09	AN
Harbour Energy makes significant progress to complete Wintershall deal	05-09	AN
Stocks muted pre-BoE interest rate decision	05-09	AN
Harbour Energy plc Reiterates Production Guidance for the Full Year 2024	05-09	CI
Harbour Energy plc Announces Production Results for the First Quarter 2024	05-09	CI
Due to partial sale: Board of Wintershall Dea subsidiary to be reorganized	04-24	DP
Wintershall Dea management board to step down after Harbour Energy deal closed	04-24	RE
HSBC likes Haleon, cuts Flutter to 'hold'	04-18	AN
Harbour Energy plc Proposes Final Dividend for the Full Year Ended 31 December 2023, Payable on 22 May 2024	04-15	CI
Not a care in the world	03-13
ANALYST RECOMMENDATIONS : Broadcom, Tesla, Walmart, Entain, Virgin Money UK	03-13
JPMorgan raises Flutter and cuts Entain	03-13	AN
Harbour Energy profit sinks but edges towards Wintershall acquisition	03-07	AN
FTSE 100 falls amid weakness in banking and mining sectors	03-07
Transcript : Harbour Energy plc, 2023 Earnings Call, Mar 07, 2024	03-07
Virgin Money UK accepts Nationwide takeover	03-07	AN
Harbour Energy's $32 million annual profit curbed by Britain's windfall tax	03-07	RE
Harbour Energy plc Reports Earnings Results for the Full Year Ended December 31, 2023	03-07	CI
UK's Hunt extends energy windfall tax by one year to 2029	03-06	RE
UK's Hunt set to extend energy windfall tax by one year, sources say	03-04	RE
UK's Hunt set to extend energy windfall tax by one year -sources	03-04	RE
JPMorgan cuts Airtel Africa price target by 28%	02-20	AN

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Company Profile

Harbour Energy plc is a United Kingdom-based independent oil and gas company. The Companyâs principal activities are the acquisition, exploration, development and production of oil and gas reserves on the United Kingdom and Norwegian continental shelves, Indonesia, Vietnam and Mexico. The Company operates through two segments: North Sea and International. The North Sea segment includes the United Kingdom and Norwegian continental shelves, and the International segment includes Indonesia, Vietnam and Mexico. The Company's UK offshore operating positions include the Greater Britannia Area, J-Area, AELE, Catcher Area and Tolmount Area. Its other UK North Sea interests include East Irish Sea, Galleon, Ravenspurn North, and Johnston. It has an operating interest in the Tuna field and acreage in the South Andaman Sea gas play. It also has an interest in the Zama field in Mexico's Sureste basin. Its operations in Vietnam are focused on its Chim Sao and Dua oil fields.

Sector

Oil & Gas Exploration and Production

Calendar

08/08/2024 - Q2 2024 Earnings Release

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Ratings for Harbour Energy plc

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.88 USD

Average target price

4.756 USD

Spread / Average Target

+22.58%

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