Investor Presentaiton
Significantly higher free cash flow expected in 2025...
...driven by materially lower capital expenditure and improved gas hedging profile
Hedging profile²
Harbour
Energy
Gas: hedged production, avg. hedged price³ (p/therm)
Oil: hedged production, avg. hedged oil price ($/bbl)
84
90
77
99
Guidance
2024
2025 vs 2024
Volumes hedged
kboepd
40
67
Production
kboepd
150-165
Unit opex
$/boe
c.18
20
Total capex
$bn
1.2
0
Sensitivity
2024
Brent oil
85
85
Total capital expenditure
$/bbl
$ billion
UK gas NBP
70
70
p/therm
2024
Free Cash Flow¹
$bn
Small +ve
Tax payments
2025
1.0
$bn
2025
2026
1.2
1 $200 million free cash flow forecast provided in January 2024 reflected $85/bbl and 100p/therm 2 As at 31 December 2023 3 Hedge price for gas hedge collars reflects the forward curve as at 6 March 2024
Harbour Energy | Investor Presentation
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