Longboat Energy Share Discussion Threads

[sogoesit] 15/9/2023 09:59

Meeting at 10am BST... now'ish..
Let's see what they have to say.

- taking on Topaz managers for "expansion in SE Asia" with incentives to grow production
- targeting gas
- explo initial but expect M&A for production (implied sooner than activity on new block)

- Kertang is deep water (1,000m) but "giant" prospect 9tcf
- Well cost estimate today's money about $50m+

- Norway, ongoing project discussions in progress; uncertain time scale

That's it, Interims in a few weeks!

[ohisay] 14/9/2023 03:22

From Cavendish broker note ..

A Successful, Supportive Jurisdiction: Malaysia’s E&P industry shares many of the same characteristics as Norway, where a high barrier for entry results in limited competition and a strong, supportive regulator encourages new entrants. The opportunity set in Malaysia is like that of the North Sea 15-20 years ago, where the majors/supermajors are looking to rationalise their portfolios.
Despite having a mature oil & gas industry, Malaysia has enjoyed a huge amount of exploration success in recent years. Of the 16 wells drilled in 2022, 10 resulted in discoveries (a c63% success rate), of which eight were discovered offshore Sarawak.

[ohisay] 13/9/2023 10:37

Aside from the Investor Meet on Friday at 10.0am ...I note Auctus this morning mentioning interim results due on 27 September when we should see some Financials amongst other things.

[ohisay] 13/9/2023 07:46

A bit of history from last February..



And this is outwith Japex of course .
This is LBE doing its own thing ..

[dunderheed] 13/9/2023 07:39

Absolutely. Nice little deal, IMHO.

[bomber13] 13/9/2023 07:34

This deal on Block 2a offshore Malaysia seems to infer Longboat's 52.5% interest is worth up to $10m on a successful drill . With Longboat's current $16m market cap arguably based solely on prospects in Norway , this is surely yet another major catalyst for the shareprice ?

[ohisay] 10/9/2023 17:21

OilmanJim tonight .
Longboat Energy (United Kingdom: LBE) has an indirect interest in the Velocette exploration well, which is currently being drilled offshore Norway. It’s a significant well with a 177 million barrel of oil equivalent gross un-risked resource estimate and a 30% chance of success. LBE’s current market capitalisation is around £13 million and its 50.1% interest in the Norwegian subsidiary, Longboat JAPEX Norge AS, is worth approximately the same based on the $16 million initial investment received into the JV from the Japan Petroleum Exploration Company for its 49.9% stake. However, a further investment of up to $30 million into the subsidiary will be made by JAPEX in the event of a successful discovery on the Velocette well.
Regardless, JAPEX is providing the subsidiary with a $100 million facility to finance acquisitions and associated development costs, which offers shareholders in Longboat a significant degree of gearing.

This is just another way of saying that Velocette at the current LBE Mcap is as close to a free hit as any well you are ever going to be invested in.But of course dyor.

[hubs] 01/9/2023 14:15

Thanks Sogoesit, I thought there was one around 22-23p, so hopefully filled anyway, and lets hope we never get near that other gap!

[optmist] 01/9/2023 12:08

Going up with every purchase

[chutes01] 01/9/2023 11:53

Paydirt at Velocette, this will ignite with the additional payment from Japex, only 50M shares
Further prod contracts will add to daily revenue figs.

[sogoesit] 01/9/2023 11:50

Last gap on the Daily I can see is on 2 May from 9.3 to 14.3.
Are folks expecting that to be filled or are they working on other noise scales?

[hubs] 01/9/2023 10:29

Is the gap filled, anyone?
Dipped in this morning for a few more, even a tiny rise in the offer, first for a while...

[dbnout76] 01/9/2023 09:12

Disappointing drop here

[ohisay] 30/8/2023 09:41

The authorities plan to announce which companies will be offered shares in APA 2023 early in the new year – 2024.

Companies applying for acreage are: Aker BP, Concedo, ConocoPhillips, DNO, Equinor, Harbour Energy, INPEX Idemitsu, KUFPEC, Lime Petroleum, Longboat JAPEX, M Vest Energy, Neptune Energy, OKEA, OMV, Pandion Energy, Petrolia NOCO, PGNiG Upstream, Repsol, Shell, Source Energy, Sval Energi, TotalEnergies, Vår Energi, Wellesley Petroleum, Wintershall Dea.

[greedfear] 29/8/2023 11:48

Thank you.

[e43] 29/8/2023 11:36

Point about 2days rns is production at Statfjord 6months ahead of schedule so cashflow should be quite good when the acquisition completes for the JV

[sogoesit] 29/8/2023 10:20

;-))

Add some more days if a discovery...

[greedfear] 29/8/2023 08:56

Thank you for your trouble. But as far as I can see there is no indication of when drill results are to be expected. Or am I overlooking it?

[dbnout76] 29/8/2023 08:48

Read RNS dated 8th August

[greedfear] 29/8/2023 08:35

Thank you for your kind reply. Care to share where LBE stated how long it will take?

[dbnout76] 29/8/2023 08:28

Are you unable to read for yourself?

[greedfear] 29/8/2023 08:11

When to expect Velocette drilling results? Someone?

[lisat3] 29/8/2023 07:50

RSN - continued progress


(;_;)/~~~

[ohisay] 18/8/2023 11:13

On the whole a very well researched piece ..