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LHD Lochard Energy

4.875
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lochard Energy LSE:LHD London Ordinary Share GB00B02YHV99 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4.875 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4.875 GBX

Lochard Energy (LHD) Latest News

Real-Time news about Lochard Energy (London Stock Exchange): 0 recent articles

Lochard Energy (LHD) Discussions and Chat

Lochard Energy Forums and Chat

Date Time Title Posts
31/8/201307:12Lochard Energy Group - North Sea Oil & Gas1,990
23/8/201305:07Lochard Energy Group plc - new name - new thread1,909

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Lochard Energy (LHD) Most Recent Trades

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Lochard Energy (LHD) Top Chat Posts

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Posted at 09/7/2013 07:31 by pro_s2009
PRBSHARES...

Falklands aka ChrisOil is just a ramping muppet who has been saying for months this would be sold for 9p or more a share.

Owing to this Falklands will not want any final " done deal" as it will seal his fate and everyone can laugh at him. He would prefer LHD carries on and dilutes for more cash with a 2p placing - so he can keep ramping on about 9p or more "jam tomorrow".

His 4 great ramps :

MOIL was 30p+ and now nearer 10p.
GPX was 110p and now nearer 70p
TPET was 30p+ and now nearer 10p.
and LHD.......

So the reason Falklands does not want a takeover is simply as it will nail on a price for LHD, one which is around 50% below the "ramp price".

Personally anyone voting no to the PMG offer is a complete nutter imo, LHD will soon be in dire straits with cash and PMG can offer them a way out of falling off a cliff into an abyss.... imo.
Posted at 09/7/2013 07:05 by prbshares
Falklands, I rarely post on these threads (tend to observe from the side lines) but can you answer me why these 3 bidders never came forward over the last 12 months ? LHD made it clear that nobody had stepped up to the plate so why would they suddenly do it now ? I am far from being an expert in this process but it seems that all the relevant information regarding Athena has been available and understood by all for the last year, thus leading me to question why 3 bidders have suddenly appeared now. After much reading relating to LHD and their performance over the past year I will certainly be voting yes to Mr Cross as I feel this will strengthen my investment ( saying 'no' will see a depressed share price in LHD and as a PI I am looking for further growth ).
Posted at 07/6/2013 08:01 by therealdeal5
I do agree it's a disgrace how hendersons keep putting up RNS's on this stock to try to sway some of the 25% of holders to switch voting, i can not understand what happens if this goes through to Lochard share price, as the damage has now been done by the BOD's here, it just goes to show how if someone has that much clout & is invested in two parties trying to do a deal that they should by law & regulations NOt be allowed to be biased in one way or another, it is clear that Hendersons have a conflict of interests here, how can this be allowed? it is not at all in favour of LHD but in favour of PMG which although i hold a lot of PMG shares i think is totally criminal what they are doing with scare tactics, i would of course like PMG to get LHD for the revenues, & also TRAP & AEY, but not at the expense of other shareholders to be sold down the river by their own BOD's.
Posted at 07/6/2013 07:51 by therealdeal5
I sold my shares in Trap a couple of weeks ago i saw this coming, i warned them over there that the share price would fall back due to what is happening here, ie the offer made by PMG, now i do feel 6p is a fair price to pay here, & 10p for TRAP, all i can say is that i am a business man & i know what companies are worth in these economic times, housing market is bouncing back, as my building company is now back to where we were approx 3 years ago with contracts from local authorities, so with Gas being the new driver in UK & USA, saudi to quit oil which seems unbelievable to me, where does that leave small producers like TRAP & LHD? Tom Cross sees the future, he knows it's with GAS this is why he is following a divers portfolio of assets not all his eggs are in one basket, he has Aupec under his control, which advise World governments on how to divest, invest & tax issues on Oil & gas revenues, how many companies can boast that? i think it would be best for all if TC did get LHD & TRAP along with AEY, we would all benefit from it, what will happen over the coming years is that PMG will grow, as it is a Growth stock, while others will dwindle on the hope of the right exploration will come up, no one knows the North sea as well as Tom Cross, you can believe that or not, but follow TC & you will make a lot of money in 5 years time if you have the patience,
Posted at 07/6/2013 07:28 by therealdeal5
The way i see it is maybe TC wasn't after LHD but TRAP, he done the damage to LHD share price to get TRAP lower, it seems that TRAP would be a better buy for us if you ask me, so i am happy to see what happens from here, TRAP has has a Director buy shares @ 12.25p on the 3/6/2013 that means there can be no news due for some time there, now the share price can fall on Trap to about 10p that would be my take on the take over at TRAP, then on to Antrim Energy who are producing over 900 BOPD from The Causeway over 3,000 bopd all in, 900 to AEY
Posted at 05/6/2013 22:39 by frazboy
i have been wondering why the Lochard board members are so keen to say that the offer is a good one, whilst refusing to give precise details of the production 'problems' in March, April, and May. The key points in their latest update are, to my mind:

"A variety of operational issues during March, April and May 2013, including some short-term interruptions to ESP output, temporarily reduced output from the field below 10,000 bopd."

"The Board notes that the Cornhill Consortium includes individuals with longstanding links to the Company but who are unlikely to be aware of the most recent performance of the Company and its assets."

first, as Bonfin alluded to, if they know the production numbers for March, April and May, then why do they not declare them?

secondly, the only asset that really matters in terms of performance is Athena. other "assets" does not cut the mustard

my view on this is not complex. i've crunched the numbers, and i think there is a production problem at Athena, but not necessarily a serious one. had they continued to produce @ ~10,000 bopd they should have paid off more of the debt, and perhaps would not have needed the Henderson loan. what people seem to be forgetting is that Athena is essentially fixed cost, it doesn't matter how much oil is being produced (assuming no water is being produced) the boat is still floating out there, and the lease costs still need to be paid, and the staff costs, and the helicopter costs etc. if they fail to meet the 10,000 bopd number then revenues falls, and costs per barrel rise.

the difficult in determining the seriousness of the production problem is compounded by inventories, lack of clarity on costs, and how much they actually receive from BP per barrel of oil! how difficult is it to declare that? i assume that Parkmead know!

in summary in my opinion, at 4.7p paper offer (0.385 * 12.25p (current share price i think)) PMG are getting LHD cheap, but not quite as cheap as some perhaps believe? given the liquidity issues (with LHD and PMG), i opted to increase my holding in TRAP (the market capitalisation of which has been underwritten by the PMG offer for LHD) and not buy LHD. but that's just me, good luck to all holders, and if anyone wants to compare the actual numbers with me then i'll be happy to provide some data

if anyone wants the DECC production data for Athena (up to end Feb) then look here:

hxxps://www.og.decc.gov.uk/pprs/report4.pdf

good night all
Posted at 30/5/2013 16:27 by falklands
If I recall you said you would not invest in lhd unless 3p.

I can make or break deals on lhd as I have proven all you need to do is phone Adam and he will tell you the target share price and forthcoming events.

However when the cash is worth the cap year end 2013 debt reduced to $7m do you think lhd will be worth 5p ? No

If I recall you told me on the desire thread that oilies are your hobby, keep it that way and let non bent holders in the city sort this out not Internet chat rooms. I am interested in lhd holders interests not hendersons bent interests or connected families.
Posted at 30/5/2013 16:18 by 7kiwi
Chrisoil,

Look at it another way.

On TRAP analysis, there's ~15mmbo total 2P recoverable in Athena (less recent production). To get to the IAE declared number of ~25mmbo, they need to drill (from memory) 1 more producer and two more WI wells. Let's say that's $100m of capex as a guess.

So, now LHD have 1.5mmbo (less 20% of gross revenues). If the sale price of the oil is at $100/bbl, and the opex is say $25/bbl; then instead of receiving $75/bbl, LHD only receive $55/bbl because they have to pay Gemini the rest of the loan. So, the value of each barrel is less than it would be to say TRAP, IAE or Dyas. Let's say that the reduction in value might give say $16/bbl for these developed producing reserves instead of $20/bbl (which is about what TRAP ended up paying Dyas for their 15% share). That would give a value of the 1.5mmbo of say $24m or £16m (or not far off the current mkt cap) or c. 5.3p. Typically companies trade at a discount to the take out price.


If you take the 2.5mmbo gross 2P, you might get $40m. But from that you'd have to subtract LHDs share of the development costs, or $10m, giving $30m or £20m (or 6.5p/share), and of course the TRAP buy-in price took this into account too. I would think this is a very top end valuation because of the risks and uncertainties around the new development.

I seem to remember putting a value on this of 4-6p a few months ago,and I don't see any reason to move from that, unless and until cash on the balance sheet starts to outstrip the sp; then it would be appropriate to value it at cash plus remaining reserves. 9p is pie in the sky at present.



addict, of course PMG have confidence in the future cashflows; and they've valued those future cashflows at their bid price, to reflect risk, the time value of money and the desire to make money out of the deal.
Posted at 23/5/2013 08:55 by utrecht_00
The realdeal, you have sold out so enough please.

So 4 scenarios- deal goes through, deal collapses, counter bidder or TC sweetens the deal.

We will be range bound now and tied to PMG's share price This looks a good deal for PMG so once things have been digested we may see PMG's share price rise and drag LHD up with it.
Posted at 23/5/2013 08:49 by therealdeal5
Falklands - 03 Apr 2013 - 12:08:36 - 1010 of 1482
Bitter no I am not playing games on here the bottom line let the Market decide on trap and lhd which you and your trap posters give forth on lhd thread

Falklands - 03 Apr 2013 - 10:58:53 - 1001 of 1483
Rapier your playing games as others I have a feeling your on twitter.

Even Paul Curits did an interesting article on fool oil companies thread on what the outcome of trap would be medium term if trap next exploration is a duffer cough aey experience anyone ?

As for lhd debt it's reducing and hardly no one wants to sell at the present even the ex CEO of lhd is buying in, more to the point I tried three times to top up and there are none about in volume.

Falklands - 03 Apr 2013 - 10:19:23 - 987 of 1483
Frankly trap boys go back to your own thread if it's so brillant you don't need to come and rubbish lhd.

You always seem to start a fight again over trap look at YOUR share price what is it with you lot non of us go and rubbish on trap thread even if we have views ?

We can all stay here and wait for a nice big pay day takeover while what have you got ? Duff well no takeover and lots of aey type prospects.
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