Lochard Energy Share Discussion Threads

[newswseller] 27/6/2013 17:36

Surely if we think it is a bad deal for LHD then its a good deal for PMG?

[newswseller] 27/6/2013 16:57

CHART TRADER, paul curtis was saying that when PMG bought DEO, he had no issue what so ever offloading his entire amount of new PMG shares on day of listing with no effect on PMG share price.

[7kiwi] 27/6/2013 15:53

Falklands,

The costs of production are the same across the partners. So, the gross profit per barrel will be the same.

The net profit (after overheads) may well be better than others (although I doubt it is better than IAE who have far more production over whcih to spread their overheads).

But the net profit, after overheads, will come after the £650K-£1m pcm they are generating in gross profit.

[falklands] 27/6/2013 14:40

Also the net costs of lhd are far lower since cost cutting a lot of smoke and mirrors by the company and traders which have already been discussed.

[newswseller] 27/6/2013 11:48

Fwiw i added 100k today. I have 0.8% and will be voting yes and selling PMG straight away provided PMG doesn't tank

[bomfin] 27/6/2013 10:36

Did anyone see fpm's update today?

Forward drilling schedule mentioned and Perth didn't get a mention as far as I could see.

[bomfin] 27/6/2013 10:15

Did they receive the payment they thought worthy of mentioning in their update of 7th June? If so? How much did they receive?

What they said on 7th June

" Lochard's share of funding the remedial works is currently estimated at approximately GBP200,000, which the Company expects to fund from its payment for recent oil sales due to be received in mid-June. "

3 weeks time from now to sort the well is a further 41 days on from their 7th June announcement which is another £1 million net revenues.

It would be nice if they put shareholders minds at ease by stating how much they got mid June? Is it a secret but the costs of repair isn't?

[7kiwi] 27/6/2013 08:47

CT,

Trap say they are getting £1.5m per month net for 15% (or 1,350bopd). On a pro-rata basis one would assume that LHD are getting £1m per month (for 900bopd).

However, LHD are getting less net because they have to pay Gemini.

So, yes, as I said in my post above, $2.7m gross revenue per month to LHD. Less 20%, or $540K to Gemini. That's about £350K to Gemini.

Take the £350K from the £1m pro-rated figure and you get £650K.

I suspect your estimate of ops costs is too low. TRAP may have hedged their production, so they may be receiving more or less than LHD per barrel at the gross level.

[7kiwi] 27/6/2013 08:16

I assume so.

[newswseller] 27/6/2013 08:13

Kiwi are we now on the lower % rating for gemini payments?

[newswseller] 27/6/2013 08:11

Realdeal.. You don't realise it's actually 5.1p based on the current bid price, but i forget your a PRO, but yet unable to read RNS's or understand holding RNS'sI for one believe you sold out on the day of the RNS at a loss, since you were still ramping this gone 3pm the day before, you sound very bitter with your self reassuring immature posts. No need to reply as your filtered

[7kiwi] 27/6/2013 08:09

newsweller,

LHD will be receiving lower net cashflow per month because they have to send ~20% of gross revenue to Gemini.

Let's say gross production is 9,000bopd. At $100/bbl, that's gross revenue of $27m per month, or $2.7m to LHD (gross, then subtract ops costs). Less 20% or $0.54m per month or £350K to Gemini would mean LHD's £1m per month pro rata from TRAP's numbers (net of op costs) would fall to about £650K per month.

[nw99] 27/6/2013 08:06

Agree looks like this is going to PMG

[therealdeal5] 27/6/2013 08:04

I have voted yes for the offer by the way 4.9p makes me a lovely profit once more, in these times you have to take the profit while it's there, the markets don't like holding stocks right now,

[therealdeal5] 27/6/2013 07:57

Falklands you did say that other offers we're coming and to expect them, you never mentioned corn hill until now, so please stop lying I think it is you that needs to grow up and accept facts, admit when you are wrong and you will get more respect, you might even gain mine who knows, anyway we are all wanting. The best deal we can get no matter where we are or how we are invested,

[newswseller] 27/6/2013 07:52

So LHD getting cash flow of 1m a month based on 10%, that would have been a better update

[newswseller] 27/6/2013 07:41

Another poorly worded RNS, should have really taken the opportunity to add more detail like TRAP have done, also given an update on the cash position. This BOD are just PMG stooges now