Longboat Energy Share Discussion Threads

[ohisay] 11/7/2023 14:39

That's what Helge said.

[not guilty] 11/7/2023 14:04

I'm sure I've seen spud 20/7/2023 to 20/8/2023. Lovely set up for some news flow

[bumpa33] 11/7/2023 11:31

Late July, early August for Velocette spud I thought the company stated?

The reigns maybe coming off the share price with 30’s incoming…

[chutes01] 11/7/2023 11:15

35p in sharp order

[danmart2] 11/7/2023 09:45

Still no exact date or month for the next drill?

[jeanesy] 11/7/2023 07:47

Hi cmb yes i finally took a small position here a couple of days ago

[not guilty] 11/7/2023 07:17

Good to know it's the directors who've been pushing the price up the last few days.

[2cmb] 10/7/2023 11:11

Jeanesy, i hope you have bought in here. Plenty of meat on the bone here.

[jeanesy] 10/7/2023 09:06

Doesn't seem to take much buying to move this up this morning .

[bumpa33] 10/7/2023 09:00

Breaking out and threatening that sweet spot on the chart between 28 to 40..

[howie26] 09/7/2023 20:42

Plenty left in the tank here and pending news flow. Looks also that the bigger holders are still stake building

[not guilty] 09/7/2023 13:11

Looking primed for a run up next week. Huge gap to fill and a bull flag that will slap your face off. GL

[bbm_144] 07/7/2023 17:44

Certainly seems to be gaining a little momentum here.

[sogoesit] 05/7/2023 11:17

Presentation...
Qs
- goal is significant Norway production (with Japex) in 3 to 5 years
- "significant" means around 20,000 bpd

[bumpa33] 04/7/2023 11:54

Bid ‘n offer creeping back up again…

[chutes01] 04/7/2023 00:20

gap to 40 needs filled

[e43] 03/7/2023 19:43

A few nervous AM sellers shares all bought up by the close,easy business for the mm's ,and probably another 1% or more of available share transferred into sticky hands.

[retsius] 03/7/2023 09:46

market reaction: meh........
R.

[sogoesit] 03/7/2023 09:36

Usual AIM market reaction...
Invest in an oil&gas company > oil&gas company invests in oil&gas > sell shares in said oil&gas company.
Lol

[11_percent] 01/7/2023 16:42

e43,

Cheers.

I am just getting up to speed here.

Bought a few on Friday to keep it in my face and do some leg work.

[e43] 01/7/2023 13:19

11%,if you go back through the thread,this was debated a few weeks ago.
I think the initial $16m goes into the joint venture so probably 50+% LBE.
LBE does have $10m ish outside the JV though. Existing debt looks like its covered by a tax credit.
So basically current mkt cap is pretty much in cash when JV starts ,so no real value in Current price for previous drill successes, or future prospects. Of course plenty of expenses going forward, and I guess this was the reason the share fell so much prior to the JV announcement .( it looked like they would have to try to monetize one or all of their stakes in other licences where they had hit gas)
The $100m of credit funding Japex is going to provide to the JV going forward obviously takes away the funding uncertainty and places the new JV and especially a small plc like LBE with a £14m mkt cap in an enviable position .
DYOR

[11_percent] 01/7/2023 12:16

Bought a few on Friday to test the water.

We have a £13.88 million market cap.


I am looking at slide 6 of the video presentation.




It says.

Initial Investment of Up To US$50 million

# Initial cash consideration of US$16 million.

# Contingent consideration of US$4 million linked to completion of a production acquisition under review.

# Up to US$ 30 million linked to Velocette exploration success (drilling Q3 23).


Lets just take that initial $16 million.....at conversation rate 0.79 = £12.59 million.

That is £12.59 million cash verses a market cap of £13.88 million.

With the JV being confirmed....am I right in saying that £12.59 million is in the bag for LBE.



This does not include the further £3.14 million and £23.6 million.

=================

The graph looks good.


free stock charts from uk.advfn.com



Gaps up on the JV news.
Then 3 weeks where the share price pulls back......although it barely dents the rise.....and it is NOT a REVERSAL.

Then we have a 5 week rising trend......with the last week showing a larger increase in share price .......its got momentum.

[pol123] 01/7/2023 07:45

LBE looking good for next week and beyond. Q3 will be transformational for sure. Should be 50p min. £1+ if Velocette lands and with 30% COS, looking very positive