Harbour Energy plc chairman R. Blair Thomas has sold two million shares in the company for approximately £6.3 million. DIRECTOR DEALINGS On 8 February 2023, EIG Separate Investments (Cayman) LP closely associated with Mr Thomas sold 665,290 each at a price of approx. £3.18; on 9 February 584,710 shares each at approx. £3.19; and 10 February […]
Tag: Harbour Energy plc
Harbour to cut UK investment and jobs
Harbour Energy plc said that increased UK tax rates on oil and gas had prompted it to reduce its future activity and investment in the country, including job cuts, and plan more international growth. DECREASED EXPENDITURE In the company’s unaudited trading and operations report for the year ended 31 December 2022, chief executive Linda Cook […]
Harbour NED Anne Marie Cannon to step down
Harbour Energy plc said that Anne Marie Cannon intended to step down as a non-executive director. MERGER Ms Cannon has served nearly nine years on the board of Harbour and before that Premier Oil plc. She will leave on 31 October 2022 to focus on her other professional commitments. “On behalf of the board, I […]
Rockhopper completes Navitas deal for Falkland licences
Rockhopper Exploration plc has completed the transaction for Harbour Energy plc to leave and Navitas Petroleum LP to become a partner in its North Falkland Basin licences. NORTH FALKLAND BASIN The agreement, signed in April 2022, also sees Navitas become the operator and hold a 65% stake in Rockhopper’s the licences. Licence Rockhopper Navitas as […]
Harbour chairman sells 1m shares for £5.2m
Harbour Energy plc reported that chairman Blair Thomas has sold 1,099,638 million shares over three days at £4.71 to £4.76, for a total £5,191,179 million. The sale, via EIG Separate Investments (Cayman) LP which is closely associated with Mr Thomas, took place on Wednesday to Friday last week.
Harbour Energy reports strong finances
Harbour Energy plc reported a strong financial performance for the first half of 2022 due to high oil and gas prices and gains in foreign exchange. FINANCES Harbour reported total revenue and other income of $2,670 million (H1 2021: $1,496m). Operating costs per barrel were $14.2/boe (H1 2021: $15.0/boe) with the decrease driven primarily by […]