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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lochard Energy | LHD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.875 | 4.875 |
| Top Posts |
|---|
Posted at 11/7/2013 14:51 by falklands Basically shocked Adam personally told me on Monday it would not go through, believe most voters had enough which I can understand.last min changes by top holders in group due to farm in. Nobody seemed to want to wait for the other three bidders post TC and the risks of what the oil price would be in six months time. The only thing i have learnt with LHD is who is the lower life ex lhd board, lhd board, parkmead or the day traders. Good luck all. |
Posted at 09/7/2013 08:31 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 08:05 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 27/6/2013 08:47 by 7kiwi CT,Trap say they are getting £1.5m per month net for 15% (or 1,350bopd). On a pro-rata basis one would assume that LHD are getting £1m per month (for 900bopd). However, LHD are getting less net because they have to pay Gemini. So, yes, as I said in my post above, $2.7m gross revenue per month to LHD. Less 20%, or $540K to Gemini. That's about £350K to Gemini. Take the £350K from the £1m pro-rated figure and you get £650K. I suspect your estimate of ops costs is too low. TRAP may have hedged their production, so they may be receiving more or less than LHD per barrel at the gross level. |
Posted at 27/6/2013 08:09 by 7kiwi newsweller,LHD will be receiving lower net cashflow per month because they have to send ~20% of gross revenue to Gemini. Let's say gross production is 9,000bopd. At $100/bbl, that's gross revenue of $27m per month, or $2.7m to LHD (gross, then subtract ops costs). Less 20% or $0.54m per month or £350K to Gemini would mean LHD's £1m per month pro rata from TRAP's numbers (net of op costs) would fall to about £650K per month. |
Posted at 07/6/2013 12:15 by 7kiwi Interesting take form shareprophets.Even I think the article is full of inaccuracies. For a start the Sproule CPR is for the hwole field and LHD have only 10% of it, so I don't know where his £1.25/bbl comes from. Moreover, there are plenty of examples of producing fields that have been bought for more than £5/bbl of 2P. Plus I think the danger of LHD going bust is small. However, with the need to build cash on the balance sheet to cover development and remedial capex is real, and puts the kibosh on those who might think dividends are going to be paid any time soon. This p/e of 1 thing is also far too optimistic too in that it essentially assumes the field will continue to produce at over 10,000bopd, which it most probably won't and doesn't take into account corporate overheads, which even though they have been cut, will not be zero. The other point to note is that both TRAP and IAE have bought assets recently where they have made quite a bit of structuring the deals so they get cash payback in about a year. If that is the broad price that real industry buyers are prepared to pay for producing assets in the North Sea, then why would anyone think that LHD would be sold for significantly more than that in a cash deal? |
Posted at 05/6/2013 23:39 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. good night all |
Posted at 30/5/2013 17:27 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 23/5/2013 09:49 by therealdeal5 Falklands - 03 Apr 2013 - 12:08:36 - 1010 of 1482Bitter 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. |
Posted at 23/5/2013 08:28 by pro_s2009 The take "under" offer appeared in my emails so I am breaking my holiday for a few minutes to LOL LOL LOL @Chrisoil aka Falklands aka many other names.I said LHD was worth very little because of their MASSIVE debts and their need to pay royalties....... the rampers here have been ignoring the debt but the debt is real as are the royalty payments. This is the difference between LHD and TRAP. TRAP are cash flow positive and with cash in the bank and no net debt. LHD has net debt (quite big) and also has to pay royalties on its Athena production. The value paid for LHD by PMG, taking into account the LHD debt would make TRAP (taking in their net cash position) valued at way way way above todays TRAP share price. The difference between being able to spot and hold a good stock and wait for the market to catch up (as will happen on TRAP) or picking of a cheap debt ridden company and trying to ramp it up - a la LHD - but getting caught with your pants down when the take over price comes in. Right, back to relaxing and enjoying my hols, with a smirk on my face thinking of good old Chrisoil/Falklands/m :) |
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