Harbour Energy plc posted record production and an increase in revenue, while losses doubled on UK taxes and write-offs during 2025. NEW PROJECTS Production increased by 84% to a 474 thousand barrels of oil equivalent per day (2024: 258 kboepd), with new wells and projects in the UK, Norway, Argentina and Egypt. Revenue and other […]
Tag: dividends
Power plans investor returns via capital reduction
Power Metal Resources plc plans a capital reduction programme aimed at creating “sufficient distributable reserves” to return capital, through share buybacks or dividends, to its shareholders. FLEXIBILITY The company said that the “normal course” action was “highly desirable” to give it the “maximum flexibility” to return value to its investors. Power Metal added: “The company will, […]
Hurricane ‘highly confident’ of full shareholder dividend
Hurricane Energy plc expects to pay full dividends following the 34th cargo of oil, totalling approximately 541 Mbbls, lifted last week from the Lancaster field, West of Shetland. ACQUISITION The cargo was priced at $82 per barrel, resulting in net revenue of c. $43 million. Hurricane said that the two liftings in 2023, totalling 1,041 Mbbls, have […]