Harbour Energy PLC - oil and gas company operating in UK North Sea, with additional assets in Indonesia, Vietnam, Mexico and Norway - Notes operator Mubadala Energy’s announcement that the Tangkulo-1 exploration well has made a ‘significant’ discovery of gas at the South Andaman licence, offshore North Sumatra, Indonesia, of which Harbour Energy has a 20% interest. Says this follows the major discovery at Layaran-1 well on South Andaman back in December. Harbour Energy says the rig will now move to appraise the Layaran discovery, marking the final well of this exploration and appraisal campaign.

Current stock price: 308.20 pence, up 2.7%

12-month change: up 27%

Copyright 2024 Alliance News Ltd. All Rights Reserved.