Market Reaction: Neutral. All key projects are on track. Capex guidance for 2015 is marginally up on Solan and net debt is under control. While we recognise the strong rebound over the last six weeks, we continue liking the shares. Important imminent catalysts include (1) the results of the Isobel Deep well in the Falklands expected over the next ten days and (2) progress on the initiative to simplify the loan structure at Solan (which could release some cash to Premier).
13 May 2015
OPERATIONS UPDATE
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OPERATIONS UPDATE
Harbour Energy Plc (HBR:LON) | 285 -8.6 (-1.0%) | Mkt Cap: 2,196m
- Published:
13 May 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: Neutral. All key projects are on track. Capex guidance for 2015 is marginally up on Solan and net debt is under control. While we recognise the strong rebound over the last six weeks, we continue liking the shares. Important imminent catalysts include (1) the results of the Isobel Deep well in the Falklands expected over the next ten days and (2) progress on the initiative to simplify the loan structure at Solan (which could release some cash to Premier).