Lochard Energy Share Discussion Threads

[sea7] 02/4/2013 08:11

latest monthly oil data released today showing figures for december of 9927bpd.

https://www.og.decc.gov.uk/pprs/report4.pdf

[therealdeal5] 01/4/2013 16:03

Chinese are looking for more Reserves

[sea7] 01/4/2013 10:49

for clarification:-

Ithaca's presentation dated 26 march 2013 states that nearly 3m barrels produced by end march 2013.

22.7mmboe remaining gross 2p reserves. Which means 2.27mmboe 2p reserves net to lochard.

[therealdeal5] 31/3/2013 09:41

So much for depleting NorthnSea Fields

[therealdeal5] 30/3/2013 19:02

Falklands lol I agree fella,

[falklands] 29/3/2013 14:24

I am not going into my feelings about trap again because it brings the loonies out, if you read back the thread there is plenty of debate when those beeps came on here, when the share price dropped to 4p and now it's traps turn to feel the heat core nav is 13p full value now and likely duster soon

I would add that now Athena has debt for trap nav could be argued lower for trap.

[therealdeal5] 29/3/2013 14:04

sea Trap also relinquished licenses so they are collecting approx £2 million a month, but they also have debts to pay, so why are they trading around 3 times our SP? on top of that they just had a duster that never took them downj regardless of a Free carry or not it's still a duster which equates to Bad news in my book, today from herald Scotland on Trap, sorry mate i thought you meant PMG.

[sea7] 29/3/2013 13:57

when you said "this has been tipped" I thought you were refering to lochard, never mind crossed wires there!!! still a good read nonetheless

[therealdeal5] 29/3/2013 13:43

Yes here it is The Independent, take it for what it is a tip, lol



have a Great easter

regards,

M

[sea7] 29/3/2013 11:12

Do you have any links to these 50p tips?

[therealdeal5] 29/3/2013 10:06

Good to read everyones theories, that's what this exercise is all about, well i didn't think PMG would go for LHD it was mentioned on LSE by a poster called ivelosthelot, he also posts on yahoo where we had this discussion last year, i said PMG would go for NOP not LHD to him, but strange things do happen, as for PMG & Nav i never really base too much on that, PMG were trading at 40p at one time they had Zilch then, so that makes a mockery of NAV, remember a Great team brings value, i always say BUY the worst house in the best street, rather than the best house in the worse street, same here, this is the company to be in for Growth, there aren't too many companies growing at the rate this is, also remember PMG have a stake in Faroe petroleum, if they get taken out by the likes of Knoc or the Chinese well what more can i say, it's all about building your stake early, that's what i have done this time, i missed Dana years back, not letting this one slip through my fingers, i will hold for as long as it takes here, i know everybody's strategy is different, and i respect that, time will tell if TC gets this where dana got in time, :-) have a great easter weekend, by the way this has been tipped twice lately to achieve 50p, sounds crazy doesn't it? lol

[sea7] 29/3/2013 09:00

A private equity all cash deal with the likes of fairfield energy (I'm not saying it will be them - just an example) who were set up to take on north sea assets and expand or rejuvenate them is in my opinion, more likely.

The other route, is that no offer is taken up and we continue to bank cash and then start to pay our share of the licence costs next year once the new operator has been announced and plans outlined. Which could mean that the company starts to grow again and the for sale sign comes down.

Who knows eh? We can only wait and see what transpires.

[sea7] 29/3/2013 08:40

I do not really see how pmg would be able to take lochard on when they have so much on their plate already. The NAV of the company is about 2pps with 921m shares in issue. (current share price 13p - way overvalued)

£24m of their NAV is classed as exploration and evaluation assets.

They may have raised £19m through a large placing recently, but their cash position at the end of last year was only £729k (hence the placing). The will have burnt through that placing cash in under a year.

They have current liabilities of, just over £7.3m and total liabilities of, just over £18m.

They generated £1.9m revenue, creating a gross profit of £835k, yet blew £4.6m on admin expenses.

I cannot see our BOD or hendersons recommending/accepting any all paper deal from them.

[falklands] 29/3/2013 08:10

There deal you seem to like pmg the entire company is overvalued way above it's nav due to Tom cross the man and is running on empty needing cash dilution.

What is mentioned in the article is positive in their long term ideas but until pmg have a strong balance sheet I cannot see them doing anything ?

I except they may try and offer pmg shares only for lhd but pmg hands very weak, lhd is no deo we have income and as mentioned before bigger other players looking to bid.

More to the point I am not sure Tom would want Athena pmg have limited production so how can they use the losses allowance.

[therealdeal5] 29/3/2013 07:19

Sea I got quote It was the same as yours. No way I could get large amounts for those prices, I kept at it as well, Mates Rates, have you seen this? Maybe PMG might make a play for this

[sea7] 28/3/2013 19:06

just before the drop to 4.75 I was being offered 110k for 4.9p any more was at 5p.
I did not take it.

I did not get a quote when the offer was showing 4.75p, so I could not say what price I would have been offered.

[falklands] 28/3/2013 17:55

I am not sure you could or my brokers gone bent none around and that's from a personal broker at one of the top firms.

The fall is a smoke and mirror that 500k buy cleared the entire free float.

It makes no difference until offer but hope helps.

[sea7] 28/3/2013 16:40

I could buy 110k at under ask, then full quoted price for any more.

[therealdeal5] 28/3/2013 16:32

Well as i said Mates Rates i couldn't get those prices for those amounts, lol, they want me to incur more expenses by having to buy them in bundles, not happening, :-)

[sea7] 28/3/2013 16:22

nope, not yet, I am holding.

[therealdeal5] 28/3/2013 16:21

are you adding? i am tempted but would like under 4p again, i see PMG are buying in late as well,

[sea7] 28/3/2013 16:13

nice buying heading into the close again

[therealdeal5] 28/3/2013 15:49

Hendersons have a lot to gain here these are the major shareholders in Lochard, you can see hendersons & jamie Brooke are in the same company, they both have a lot to gain if trap offers 1 Trap share for 3 LOCHARD shares, would look like a decent premium to some but not to all, paper is coming our way i reckon but this is just my opinion.

LOCHARD
Major Shareholders
Shareholder Type Amount % Holding
Jamie Brooke - 86,651,883 28.99
Henderson Global Investors Limited - 86,651,883 28.99
R J Barby Esq - 19,880,671 6.65
Gardner Marketing Party Ltd - 17,428,421 5.83
H L Gardner - 16,428,422 5.50
Seren Capital Management Limited - 14,002,000 4.69
Director Holdings
Name Type Amount % Holding
Mike Rose - 3,781,570 1.27
Peter Youd - 40,000 0.013

TRAP
Major Shareholders
Shareholder Type Amount % Holding
Miles Newman - 23,203,402 10.27
JP Morgan Asset Management Holdings Inc - 22,531,300 9.97
Paul Curtis - 11,531,000 5.10
Schroder PLC - 11,448,331 5.07
Henderson Global Investors Limited - 10,820,000 4.79
BlackRock Invt Mgmt (UK) Ltd - - 3.95
Capital Research Global Investors - 8,447,047 3.74
Elliott Management Corporation - - 3.40
OCH Ziff Capital Management - 7,177,000 3.18
Director Holdings
Name Type Amount % Holding
Paul Collins - 4,973,347 2.20
Mark Gidney - 4,973,347 2.20
Trebor Jones - 2,804,902 1.24

[therealdeal5] 28/3/2013 14:37

sea sounds good to me, so we can expect the same, bringing cash in at a stable rate paying off debt, and tax allowances, we will have plenty of cash shortly,