Longboat Energy Share Discussion Threads

[hoppy13] 14/3/2023 12:10

Big development that. This new Heisenberg discovery is just 3km away from Longboats Kveikje discovery. Won't be long until the market catches on here.

[ohisay] 14/3/2023 10:07

Equinor has again struck oil and gas near the Troll field in the North Sea. This is Equinor's eighth discovery in the area since 2019.

The volumes are estimated at between 24 and 84 million barrels of oil equivalent, with slightly more oil than gas. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig. Equinor is the operator, and DNO is a partner.

Our Troll exploration play keeps delivering. With discoveries in eight out of nine exploration wells, we are approaching a success rate of 90%. We plan to further explore the area, while looking at possible development solutions for the discoveries that have been made. We have a good infrastructure in the area and can quickly bring competitive barrels from here to the market at low cost and with low CO2 emissions,' says Geir Sørtveit, Equinor’s senior vice president for exploration and production west.

Five of the eight discoveries have been made in licences awarded through APA rounds.

It is just over a month since Equinor together with partners made the Røver South discovery in the same area. Through acquisitions two weeks ago, Equinor increased its ownership interests in four of the discoveries made in the area.

The seven previous discoveries are: Echino South, Swisher, Røver North, Blasto, Toppand, Kveikje and Røver South.

[gardenboy] 10/3/2023 15:00

Except this will pay better interest

[sludgesurfer] 10/3/2023 10:25

Yes. Actually, deadly seriously it's exactly identical.

[ohisay] 09/3/2023 15:44

Actually in all seriousness buying here is like putting money in the bank.

[sludgesurfer] 09/3/2023 10:18

There's not many folks have ever made a profit to take on this one. I'm not sure what the bull case here is anymore. Management will pull some sort of rabbit out the hat? They'll get some money for Kveikje, something they've been trying to do since discovery despite the market very clearly stating the value is zero.They'll pull off some deal in SE Asia?Beyond the forlorn hope that they'll throw in the towel and return cash to shareholders, I really don't see what's on offer here.

[bbm_144] 09/3/2023 09:31

Some understandable profit taking on back of recent lows & rise..... fingers crossed for some good updates soon. GLA

[tomboyb] 08/3/2023 11:11

Taken a few -

[mn100] 07/3/2023 12:28

Black rock out now. Tr1 coming.

[tomboyb] 06/3/2023 16:24

Keeping this on radar but blackrock selling down -

over 10% left -

[ohisay] 05/3/2023 15:18

"The markets by the way always get it right "

Cant believe you said that given your indicated experience.Its patently not correct.
And I speak from experience too.Maybe you meant usually..??
The whole point about markets is that they often throw up valuation anomalies.
Thats why in general we are here isnt it ?

[ripvanwinkle3] 03/3/2023 18:59

anley, they have already given a heads up about an 'oven ready' monetisation at least - it is called kveikje and it has been indicated we will hear about it during Q1 2023.

[terminator101] 03/3/2023 18:04

It’s a jock holiday special this one. “Best management in the business”.

[anley] 03/3/2023 18:04

OHISAY......I am not sure why you bought but I am going to assume that you think LBE are cheap.

Cheap they are not unless they come up with an "oven ready" deal and you wont know this for many a month.

In the meantime these guys at LBE are (I assume) drawing salaries from the few million that is left and fiddling around waiting for news from the stakes they have left.

The markets by the way always get it right - when something like LBE happens who knows how long it takes for it to be finally buried.

Sorry but its best the truth be out as I have had 60 years in the stock markets and as a fund manager.

[bbm_144] 03/3/2023 13:21

Fall does appear over done...... but BoD seem clueless and lacking direction, maybe this will change soon, but seems unlikely? Maybe a re-brand would help..... Lifeboat Energy anyone ?

[sludgesurfer] 03/3/2023 11:38

Admitting that your partners see no value in one of your "best" assets, relinquishing it only to plan on rebidding for it isn't a great look.Market cap of £6m with cash of approx. £8m.Still wouldn't touch this. They seem strategically lost.

[ripvanwinkle3] 03/3/2023 11:16

Bit of an overreaction here surely? Not exactly like any value in the share price for Egyptian Vulture at yesterdays Share Price of 15p! Crazy

[sogoesit] 03/3/2023 09:33

Haha ... ;-)

And... no mention in the last Meeting Presentation on the relinquishment issue.. from what I recall.
Bit of an oversight? Or Helge just got his eye off the ball? Who knows!

[volsung] 03/3/2023 08:51

The vikings used longboats for funeral ceremonies

[sogoesit] 03/3/2023 07:17

It’s hard work being a minority partner in a JV…

Longboat Energy PLC - PL 939 Licence Update - Egyptian Vulture #LBE