Market reaction: Slightly negative. Financials are in line but Solan is not on stream yet. Otherwise, there does not seem to be any new material information in this press release. Delivering first oil at this field imminently remains key to the story in our view. The fact that there is a risk that Premier might have to renegotiate Debt Covenants later this year had previoulsy been flagged.
25 Feb 2016
FY15 FINANCIALS IN LINE, SOLAN TO REACH FIRST OIL
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FY15 FINANCIALS IN LINE, SOLAN TO REACH FIRST OIL
Harbour Energy Plc (HBR:LON) | 277 3.3 0.4% | Mkt Cap: 2,133m
- Published:
25 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: Slightly negative. Financials are in line but Solan is not on stream yet. Otherwise, there does not seem to be any new material information in this press release. Delivering first oil at this field imminently remains key to the story in our view. The fact that there is a risk that Premier might have to renegotiate Debt Covenants later this year had previoulsy been flagged.