Lochard Energy Share Discussion Threads

[sea7] 28/3/2013 14:04

further excerpts from trap results


There is no capital expenditure budgeted or anticipated on the Athena field.


During the year, the Group completed the acquisition of a 15 per cent. working interest in the producing Athena asset for an effective net cost of approximately £21.8m. We anticipate that this asset will be a strong source of cashflow for the Group and it is believed that the deal will achieve payback in approximately one year. The acquisition of the interest in Athena also provides tax synergy for our investment programme. Based on current projections, tax payable on our income from the Athena asset will be low or zero due to offsetting tax losses and the Group's continuing projected investment.

[therealdeal5] 28/3/2013 14:02

Told ya mates rates kicking in again someone bought 500,000 shares @ 4.7p i cant get 100,000 for that price, we are locked out i'm afraid, i will wait to see if i can catch them on the hop, done it before,

28-Mar-1313:43:264.70500,000Buy* 4.504.7523.50kO


28-Mar-1313:11:434.7525,000Buy* 4.504.751,188O

[therealdeal5] 28/3/2013 13:38

Also note that Athena are not included in Traps results so they are up to no good, i'll have a wager trap gets this company, anyone want to take me up on it? i think the deal is done they just want the ASX out of the way,

[therealdeal5] 28/3/2013 13:30

I don't care what people say i reckon trap have these in the bag now, that was a timely RNS for this to drop, it is being played by the BOD's at Trap to get this even cheaper, amazing how they announced they got their percentage even cheaper today, lol Oh well nothing ventured nothing gained as they say,

[therealdeal5] 28/3/2013 13:18

I wonder how they manage to keep desire up as long as they do? lol they have nothing, it really amazes me who values these companies, how they hold them at certain level for years with no news whatsoever, all rigged,

[sea7] 28/3/2013 13:10

I think the reason we are under 5p is because:-

a. There is no clarity on the remaining licences - hence no plans
b. No news on any takeover.
c. Trap paid £24.5m for 15%, which makes lochards 10% worth £16.3m/298m shares
equals 5.4pps (using traps price as a benchmark).
d. The 50% payments to gemini hang over these like a cloud, which is diminishing
by the day and should be gone shortly.
e. The field continues to produce dry oil (which is good) but prevents any idea of
total recoverable reserves.

Until there is either heavier demand for the shares or an announcement of some sort we will sit at this level or drift lower.

[therealdeal5] 28/3/2013 12:56

Laughable really 1,100 BOPD & we are under 5p, what has other oil companies got & they are flying

Desire petroleum,??????? acreage

Chariot???? Acreage

RKH???? acreage & farm in no Revenue, lol

argos? etc, etc, etc, all fixed this Share game, for those that are in the right shares,

[therealdeal5] 28/3/2013 12:26

Sea you can bet they are buys in the high 4's they off loaded last week or so in the 5's then re-loading as usual, can't see them dropping it as they won't want PI's in here making a profit, it's just how it goes, they are doing Mates rates right now, try buying for what they are & the same amount, i have been trying for days, no way Pedro! lol

[sea7] 28/3/2013 12:09

The market is showing signs of weakness with actual prices at 4.75/4.95.

[therealdeal5] 28/3/2013 11:26

One thing is for sure we won't be here this time next year or even Xmas this year, lol i don't care who gets us just as long i make some money here, regards, M

[sea7] 28/3/2013 10:47

The company stated that as the thunderball licence was to lapse there had been renewed interest in the group of which the board are confident that this would lead to a number of offers in the coming months.

This was announced in the 28 feb rns, so we can deduce that offers around may onwards are likely, the use of the plural gives further confidence as it indicates more than one interested party.

If they had an imminent offer or one in a couple of months they would have had to announce discussions etc. So the coming months to me, means may onwards. IMO

[falklands] 28/3/2013 10:29

Pmg needs an issue soon running low on cash finals today 700k i believe in cash

[falklands] 28/3/2013 10:27

Well I am with sea and UT view no real news on takover till may at least but I will be happy if I am wrong.

[wbodger] 28/3/2013 10:27

As noted above don't take the "Sell" indication as gospel.

I take Trap's "low to mid-teens recoverable" as "13-15 mmbo" and confirms what Paul Curtis supposedly got out of them. 14 mmbo cautious best estimate.

I don't want Trap paper any more than PMG. If I'm to be offered paper it has to be by a company with realisable shares - there would be a major overhang from Trap. IMO DYOR.

[sea7] 28/3/2013 10:07

couple of sells so far today, market closed tomorrow and monday, we might see a bit of end of year clearing out for cgt for some today.

[falklands] 28/3/2013 10:06

Think more along the lines of a private company, maybe iae or someone bigger I recall 5 large oilies were sniffing at the start in Scotsman article.

[therealdeal5] 28/3/2013 09:56

falklands well we will see i am not saying they will buy them but do a Merger for shares, they can do that if both parties agree would you not agree? what would it cost them? Nada just issue a few more shares like PMG did with DEO, cost them Nada just paper, as for AEY i don't think they will go for that, too risky in my opinion they want the extra in Athena, to take them up to 25% is my bet, but as i said you might hit it on the nail, this is why we have discussion forums for all to put their points of views across until people get upset by someone else's point of view that they don't agree with, why i shall never know, lol

[falklands] 28/3/2013 09:46

Trap are not going to buy lhd they have taken on debt and post aey city question commercial status of some of their prospects.

Funny that debt chuckle to ones self

[therealdeal5] 28/3/2013 09:05

Also showing his BUY as a SELL, lol you can bet they have been doing that for some time with other trades, :-)

[therealdeal5] 28/3/2013 09:03

Lochard RNS Haydn Gardner again bought 100,000 shares @ 4.9p

RNS Number : 0955B
Gardner Marketing Pty Ltd
28 March 2013



FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed:
Gardner Marketing Pty Ltd
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
Haydn Gardner
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
Lochard Energy Ord
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
n/a
(e) Date position held/dealing undertaken:
27 March 2013
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?
No

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

Ordinary


Interests
Short positions
Number
%
Number
%
(1) Relevant securities owned and/or controlled:
17,528,421
5.86


(2) Derivatives (other than options):




(3) Options and agreements to purchase/sell:





TOTAL:
17,528,421
5.86



All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other executive options)

Class of relevant security in relation to which subscription right exists:
n/a
Details, including nature of the rights concerned and relevant percentages:
n/a

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a) Purchases and sales

Class of relevant security
Purchase/sale

Number of securities
Price per unit
Ord
Purchase
100,000
£0.049

[therealdeal5] 28/3/2013 08:59

sea it's flashing red & Neon lights in my head that TRAP are going to get us for an all shares offer, look at the BOD's on both companies see the ties? 13-14p will do me for each share would anyone grumble with that? i know they may offer less & will probably take it as to be a part of a larger outfit, bit it also benefits TRAP more so, no cash offered here i reckon, but i am still going to wait it out for Summer, M

[sea7] 28/3/2013 08:58

Extended plateau production - this says to me that they had expected it to have started to drop off by now, but it hasn't, hence the comment about not being able to comment on ultimate recoverable reserves.

[sea7] 28/3/2013 08:51

They do appear to have gotten a bargain. They state that it is not yet possible to comment with any degree of comfort on the ultimate recoverable reserves.

Which says to me, that the price at which any deal that could be struck between lochard and any buyer is still shrouded in mist and until that clears, we will not see any takeover.

[therealdeal5] 28/3/2013 08:43

sea7 also from traps i have just read it, does it look like they are playing down what they have paid for it to try to get LHD on the cheap? that would give them 25% of athena, we know we have connections now on our board with trap Oil, so where from here? i reckon it could well be Trap offering an all shares offer for us, i would be happy with that then i could sell them,lol read this

28 MARCH2013

Trap Oil Group plc
("Trapoil" or the "Company" and, together with its subsidiaries, the "Group")


FINAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf ("UKCS") region of the North Sea, is pleased to announce its audited results for the year ended 31 December 2012.
Highlights:

· Oil discoveries made from the drilling of both the Orchid and Romeo exploration wells.
· Acquisition of a 15% working interest in the Athena producing oil field completed on 21 December 2012 at a renegotiated lower effective acquisition cost of £21.8m.