Trade Harbour Energy plc - HBR CFD

Harbour Energy plc Company profile

About Harbour Energy PLC

Harbour Energy plc, formerly Premier Oil plc, is an independent oil and gas company. The Company operates in United Kingdom, Norway, Indonesia, Vietnam, Brazil, Mexico, and Falkland Islands. The Company's portfolio of licenses in the United Kingdom comprises a mixture of producing assets, development, pre-development assets and exploration. Its United Kingdom offshore operated positions include Greater Britannia, J-Area, the AELE Hub, Solan, Catcher, the East Irish Sea and Tolmount Area in the southern North Sea. Onshore, it owns the Rivers terminal at Barrow-in-Furness and has interests in the Sullom Voe oil terminal in Shetland. The Company produces with a portfolio comprising some 200,000 barrels oil equivalent per day from operations in the North Sea and South East Asia.

Financial summary

BRIEF: For the six months ended 30 June 2021, Harbour Energy PLC revenues increased from $530.6M to $1.38B. Net income totaled $86.5M vs. loss of $671.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Exploration expenses and new ventures decrease of 88% to $29.9M (expense), Other operating income/ (costs) increase from $1M to $119.3M (income).

Equity composition

9/2003, 1-for-10 reverse stock split & capital reduction; shares changing from 1,609,670,000 to 83,243,074. The company changed accounting standards to IFRS. 04/2009, Right Issue, 4 new shares for every 9 share held @ GBp 485 (Factor:1.22371)05/2011,4-for-1 stock split.