Longboat Energy Share Discussion Threads

[stockhunters] 03/7/2024 12:37

Can sell for more than you can buy

I get the feeling someone is mopping up sells in background as market makers have been acting very strange, although no one is selling really

Very quiet here considering the transformation taking place but quiet stocks are usually the best

[jungmana] 02/7/2024 23:47

Must have traded some having increased from 3% to 5.5% on 17th of June ( 19th june tr1) . Now reduced to 3.9%.

[katsy] 02/7/2024 15:23

I note a holdings RNS where, Ezra Machnikowski has sold 882,368 shares.

[zengas] 01/7/2024 12:04

What takes someone of this calibre to LBE ? Outstanding contacts, deal making and described as an industry legend in Malcys recent write up. With us already being approached by a good number of potential partners her experience will be invaluable. I expect further deals in the pipelie in bringing someone of this calibre onboard.

22-12-2012

GERALDINE Murphy heads the oil & gas advisory team at Standard Chartered Bank and is leading the team advising Cove Energy.

She joined the bank in 2007 following the acquisition of Harrison Lovegrove & Co and has over 20 years of oil and gas deal experience.

Prior to joining Standard Chartered she was an executive director with CIBC World Market’s Oil & Gas M&A team in Calgary and London.

She has advised on over $25bn of transactions in the sector including recently advising

Chinese NOC Sinochem on the £532m acquisition of Emerald Energy.

BP on the $7bn sale of assets in US, Canada and Egypt to Apache Corporation in 2010.



She joined Impact Oil and Gas in July 2016 as a non ex and in the following year Impact had major farm outs to TOTAL and CNOOC (Chinas Nat oil Co).

MIKE DOHERTY, EXECUTIVE CHAIRMAN OF IMPACT OIL & GAS SAID:
“WE ARE DELIGHTED TO WELCOME SOMEONE OF GERALDINE’S CALIBRE TO THE BOARD OF IMPACT. GERALDINE’S WIDE RANGING ADVISORY SKILLS, OUTSTANDING TRACK RECORD AND DEEP SECTOR KNOWLEDGE AND EXPERTISE COMPLEMENT THE EXISTING SKILLS OF THE BOARD AND WILL BE OF SIGNIFICANT VALUE TO IMPACT AS WE ENTER OUR NEXT STAGE OF GROWTH. OUR BUSINESS MODEL IS BASED ON OUR ABILITY TO ATTRACT, AND ARRANGE JOINT VENTURES WITH, MAJOR COMPANIES IN OUR INDUSTRY.”




Now currently Senior Advisor at TPH&Co the Energy business of Perella Weinberg.


From LBE - "brings a wealth of financial and transactional experience with over 35 years of energy investment banking and M&A advisory roles. Geraldine currently serves as a Senior Adviser at TPH&Co., the energy business of Perella Weinberg Partners where she was a partner and head of TPH International since 2017. She has worked in the energy departments of Standard Chartered Bank, CIBC World Markets and Harrison Lovegrove amongst others.

[umik1] 01/7/2024 08:31

https://www.linkedin.com/pulse/ma-southeast-asia-2024-q2-robert-chambers-gil3e?

[cat33] 30/6/2024 13:03

Latest on Longboat from Jimhttps://oilman.beehiiv.com/p/oilman-jims-letter-june-30-2024Worth reading

[zengas] 28/6/2024 15:13

On seal and gas chimneys/leakage etc - it's worth reading up on the links for better understanding of Marjoram, Lang Lebah and Kasawari in respect of analogues to Kertang. These were provided in slide 11. All 3 are in development and sour. They're provided for a reason ie to read further and understand what we might have here.

Sources were -

' 1 Kasawari image from “Geophysical Applications in Malaysian Basins”. PETRONAS, 2019, in co-operation with EAGE

2 Lang Lebah image from “Unravelling an abandoned giant in Central Luconia Province, offshore Sarawak Malaysia – success story of "Lang Lebah”. Aquilah Amir Jamalullail et. al. The Leading Edge, August 2020

3 Marjoram image from “Top seal integrity assessment using seal properties and leakage phenomena”. Foschi, M. & Van Rensbergen,'

Marjorams gas chimney actually hid a multi tcf gas field.

"The Marjoram Gas Field is a multi-trillion cubic feet reservoir obscured by a large gas chimney" Lengthy article but extremely well worth it when you get to the detail and explanation of the seals, overburden, amplitude anomailes (such as Kertang) and gas chminey.

"The main conclusions are as follows

1. The Marjoram Gas Field is a multi-TCF gas field obscured by a large gas chimney composed of 10s of amplitude anomalies and consistent with the definition of vertical anomaly cluster
.

2. Detailed analysis of the vertical anomaly cluster, using centroid analysis, reveals a precise pathway for gas leakage across the overburden
232;.

3. Integration of the geophysical observations with pressure test data shows that mode I dilation of a fracture induced by the 455 m gas column in the reservoir is responsible for leakage.



"The development of the Rosmari Marjoram gas field is significant as we estimate reserves to be just under 3 trillion cubic feet that will support a revival of gas production in Sarawak. With an estimated 800 million cu ft/d of production, this will contribute to more than 5 million tons of LNG per year," Zhi Xin Chong, Director of South and Southeast Asia for Gas at S&P Global Commodity Insights, said separately.



Shell starts development of Rosmari-Marjoram’s onshore plant

21 Sep 2023 (From Shell)

Bintulu − Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, marks the start of the onshore plant development for the Rosmari-Marjoram project with a ground-breaking event in Bintulu.

Siituated 220 kilometres (km) off the coast of Bintulu, off the coast of Sarawak, Malaysia. The fields will be primarily powered by renewable energy. .

The project comprises a deep-water subsea facility, a remotely operated offshore platform, and an onshore gas plant. It also includes one of the longest sour wet gas offshore pipelines.

[stockhunters] 28/6/2024 15:08

Divmad they sort of answered that in the presentation, they would rather to do some sort of deal to bring in cash on the back of DROs, offtakes etc

That was one thing I took away from the presentation they do not want to go to market as they understand just how bad it is, which was a refreshing response

[jungmana] 28/6/2024 12:04

I think the DRO questions as the directors said will be answered once is all signed off.
But imo most likely will be some sort of debt funding or cash windfall from the 2A farm-out for any development.
"We are good for the time being in terms of cash.".
cash level is good for next 9 months "and that gives us enough time to achieve a farm-out " as clearly said in an answer to a question listen from 32 mins to 33 mins here;

[coogeebay] 28/6/2024 11:57

Anyone got a view on how DROs would work in terms of funding and timing to monetisation?

[divmad] 28/6/2024 11:36

What will be the cost implications to LBE of successfully being awarded one or more DROs shortly?How much cash does Lbe have currently? Seems there will have to be a placing sometime in H2, but when and how much? After the DRO rns I guess.

[jungmana] 28/6/2024 10:31

I thought it was good comment too as he clearly meant they will be happy to hand over the operator role to a a larger farminee than continue as lbe is a small lean company. Lots of interest in this block and farm out should not be a problem. G Murphy is already doing her magic.

[stockhunters] 28/6/2024 10:23

Interesting take Katsy I guess everything is subjective

Context on 3 men and dog he was talking about they do want to blow cash and want to get a partner asap, thought it was a good comment

[katsy] 28/6/2024 10:20

Just finished listening to yesterdays investor meet presentation. No wonder there's weakness today. I cringed when they said we are a 3 men and a dog outfit. That said I will be buying on further weakness.

[pol123] 28/6/2024 07:48

We are just a few weeks away

[pol123] 28/6/2024 07:38

Think the broker said they would wait for the CPR, but guess with the DRO news about to break they may wait a few weeks

[jungmana] 27/6/2024 16:47

"In the coming weeks, Petronas will be signing new PSCs with more MBR+ winning bidders. "Https://www.nst.com.my/business/corporate/2024/06/1069244/petronas-awards-first-psc-under-mbr-vestigo

[euclid5] 27/6/2024 16:17

Did the BoD mention any broker note updates being released soon after the CPR data release today?

[stockhunters] 27/6/2024 15:17

Slight pullback from this mornings high

Selfishly not a bad thing depending where you are sitting, even more confident after todays presentation

[cat33] 27/6/2024 13:56

Nice summary from Jim https://oilman.beehiiv.com/p/oilman-jims-letter-june-27-2024Worth reading

[cashandcard] 27/6/2024 12:26

Details on the DROs to come in the near future. Kertang exhibiting most of what they want to see thus far. Importantly, two distinct areas of prospectivity within 2A. One which contains smaller prospects in the West/Southwest of the block and the Kertang Cluster which has Kertang lookalikes including one that looks roughly 40% the aerial extent of Kertang, to its North. So plenty of prospectivity in the area.Looking at various opportunities, both within Malaysia and surrounding countries. Mentioned in Q&A at the end they would be open to buying production aswell, if the right financing solution can is in place.Overall a brilliant presentation.Cash

[sogoesit] 27/6/2024 12:22

Answered:
- Drill target date 2025/2026. Rig available (good news). Participate and subject to scheduling within the existing rig schedule. Time, and cost, certainty.
- Farm-out process to be managed in-house (via use of consultant specialists)
- Pre-emption: yes, but unlikely.
- Obviously LBE cannot afford, nor has technical expertise, to drill the well therefore farm-out leaves them open to being "squeezed". Let's hope there's a lot of juice!

[the sage] 27/6/2024 12:12

Great presentation. And the near future looks rosey.

[sogoesit] 27/6/2024 12:09

Kertang... yep, key risk is seal... that chimney!

[stockhunters] 27/6/2024 12:06

DRO announced mid summer according to presentation, so very soon

Incredible stuff