Business
Harbour Energy to be admitted to trading
Harbour Energy to be admitted to trading.
About this update from Harbour Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2151U\n Harbour Energy PLC\n 01 April 2021\n \n \n \n Harbour Energy plc\n (\"Harbour\" or the \"Group\" or the \"Company\")\n Harbour Energy to be admitted to trading\n 1 April 2021\n \n Harbour Energy plc is pleased to announce that, following the completion of the all-share merger of Chrysaor Holdings Ltd (Chrysaor) and Premier Oil plc (Premier), the Group's enlarged ordinary share capital will be admitted to trading on the London Stock Exchange's Main Market at 0800 BST today. \n A new global independent oil and gas company\n Harbour is a global independent oil and gas company, producing over 200,000 barrels of oil equivalent per day from the North Sea and South East Asia. The Group has a cash-generative diversified UK business with a significant operated position and competitive operating costs, providing resilience to commodity price volatility.\n In addition, Harbour has a broad set of international growth opportunities, including an attractive development and exploration portfolio and a management team with a track record of value creation through disciplined M&A transactions. The Group has a strong balance sheet and the financial flexibility to fund both further growth and shareholder returns, including via a sustainable dividend in the near-term.\n Harbour is committed to producing oil and gas responsibly to help meet the world's energy needs. The Group has a lower carbon intensity than the average UK oil and gas producer with a commitment to achieve Net Zero greenhouse gas emissions by 2035.\n An experienced Board and management team\n Harbour is governed by an experienced Board comprising 11 directors (eight non-executive directors and three executive directors). As previously announced, Blair Thomas, currently CEO of EIG, is Chairman of Harbour, Linda Z Cook is CEO, Phil Kirk is President and CEO of Europe, and Alexander Krane will be appointed CFO on 15 April.\n The biographies of Harbour's directors as well as those of the Group's leadership team can be found on Harbour's website www.harbourenergy.com.\n 2021 guidance\n Harbour today provides the following guidance for 2021, both on a proforma basis (including 12 months of Chrysaor and Premier) and on a reported basis (including 12 months of Chrysaor and 9 months of Premier). The reported number...