Lochard Energy Share Discussion Threads

[falklands] 04/4/2013 08:14

What are you on about pmg all the time ? They have no cash left we have been through this before there are several private companies about.

[therealdeal5] 04/4/2013 08:08

They got them at Mates rates like i said, lol who says now PMG won't get LHD? who said it would be someone like IAE or a larger organisation? :-) i was hoping it wouldn't be PMG but it looks like no one else wanted them up to now, TC keeps everything quiet this is why it was all done in secrecy. no big announcement of takeover coming,

[falklands] 04/4/2013 08:04

Indeed sea.

[sea7] 04/4/2013 07:55

hendersons have increased their indirect holdings by 2,530,694 shares taking them to 29.83%

[therealdeal5] 04/4/2013 07:43

Well it looks like we have our answer guys, Lochard it is for PMG so do we buy more Lochard now or top up with PMG? who is next AEY? NOP? 6 targets TC has on his radar also the 30th richest person in scotland

[utrecht_00] 04/4/2013 07:24

Well we'll Henderson buying more. Can't see how many they bought but I assume the 1.5 million was theirs last week. Big vote of confidence. Something must be brewing in the background.

[therealdeal5] 03/4/2013 21:07

This is looking promising guys Dana 2 here it comes,

[sea7] 03/4/2013 17:34

we held up well, whilst a lot of aim oilers are red today.

[therealdeal5] 03/4/2013 16:53

lol, you guys are great, :-) at least people are talking a dead Board is no good to anyone,

[falklands] 03/4/2013 16:47

O clear off back to aey.

[bomfin] 03/4/2013 16:45

Not playing games. Correcting what you said and then later explaining to another poster why there was a disagreement. You started the games today and I certainly won't shut up for you. When will you ever post anything useful and acccurate btw? That would stop the games for a while wouldn't it?

[falklands] 03/4/2013 16:40

Bomfin shut up please we agreed to disagree in the last message Hours ago can you move on playing games ?

Core nav of trap is 13p go figure concord cut it's target but I am fed up of talking about trap which you seem to bring up as we agreed let the Market decide.
I feel trap posters should mind their own bloody business and post on their own thread period you lot must be more worried than I thought on this duffer well to try and make lhd posters sell and put their money in trap.

[therealdeal5] 03/4/2013 16:33

I am liking this board A LOT, lol great discussions never seen it so busy that's a good thing, :-)

[utrecht_00] 03/4/2013 16:25

Chill Winston. If Athena does well we all do well. Ps I have a small holding in trap as well as my holding here in LHD. Is that allowed?

[bomfin] 03/4/2013 16:19

Wbodger,

My only problem with Falklands is when he/she? says something incorrect about a company. In this case I hold shares in Trap. Also I think Falklands knows full well that Trap does not have debt. I also think Falklands knows full well the difference between debt and a debt facility. Trap's debt facility if ever used will be on reasonable terms. Trap are currently well over £10 million cash positive. imho dyor

[wbodger] 03/4/2013 14:07

bomfin, in your personal disagreement with Falklands you have forgotten why LHD is even on the block: they wanted to drum up farminees originally for Thunderball, whose licence was running out. Prospects in North Sea are a dime a dozen, no one is going to pay extra for 9/17 any more than for Thunderball.

LHD isn't attractive because of prospects but because it has an 8% interest in a developed oilfield and only $14 million of debt remaining. I hope LHD never drill 9/17 but if you're right about it you should wait for the reincarnation of LHD after it's been taken over. I'm not, I only bought in because they are selling out and not properly valuing Athena.

Prospect 9/17 might be a sweetener in a deal but no more than that. (For me it's a nuisance, it just muddies the water.)

Anyway you can't compare a company that hopes to stay in business with one that doesn't plan to. You're wasting your time comparing TRAP with LHD, they're apples and oranges.

Good luck TRAP holders, if either of us wanted the other's shares there's nothing stopping us. The stock market isn't closed.

[bomfin] 03/4/2013 13:07

thanks c & c . If (quite a big if) it's another Gryphon it will 10 bag for lhd. Be interesting to see who's taking on the operator role.

[sea7] 03/4/2013 12:40

The differences in licences


Traditional Licence

This is the familiar Seaward Production Licence that has been in use since offshore licensing began. Most licences issued since seaward licensing began have been Traditional Licences.

An applicant must prove technical/environmental competence and financial capacity before an offer of a Traditional Licence will be made.

Initial term – 4 years
Second term – 4 years
Third term –18 years
Mandatory relinquishment at end of initial term – 50%

Promote Licence

This is a variant of the Seaward Production Licence designed to allow small- and start-up companies a Production Licence first and to attract the necessary operating and financial capacity later. The difference is seen more in the application process than the licence itself, except in that the annual rental rate on a Promote Licence is reduced by 90% for 2 years. The licence requires financial, technical and environmental capacity to be in place, and a firm drilling (or agreed equivalent equally substantive activity) commitment to have been made by the end of the second year – or the licence will expire at that time.

Applicants do not need to prove technical/environmental competence or financial capacity before award of the licence but they must do so within 2 years of its start date if they are to keep the licence. They will otherwise not be permitted to operate until they have done so.

Initial term – 4 years
Second term – 4 years
Third term – 18 years
Mandatory relinquishment at end of initial term – 50%

[sea7] 03/4/2013 12:32

from the january update.

Agreement in principle has been reached with another North Sea operator for the New Operator to become the operator at 9/17b & 22b, 14/17, and 3/5 & 10c and for the New Operator to carry Lochard's and Aimwell's share of development costs for 12 months from January 2013. In return Lochard will transfer to the New Operator a proportion of its current interests in these blocks.

Discussions are continuing between Lochard, the New Operator and DECC with a view to converting these promote licences into traditional style licences. Lochard expects these discussions will be concluded in the next few weeks.

We are still due news on this matter.

[cashandcard] 03/4/2013 12:21

bomfin

About 9/17

Last paragraph is rather confident:

-----------------------------------------------------------

9/17b & 22b

Drilled by Quintana in 1972, this well encountered a 220ft Tertiary Balder sand from 4280-4500ftmd with excellent hydrocarbon shows (brown oil stain, white-fair yellow live oil fluorescence and fast cut with yellow cut fluorescence) over the upper 120ft. A gas peak of 8000ppm was also recorded. The mudlog suggests that the mud weight was overbalanced over the interval.

The main Balder sand body has a net to gross ratio close to 100% and the porosities are in the range of 30-35%. In regard to the reservoir, the well is very similar in appearance to the Gryphon discovery well, 9/18b-7. Additionally, the well is located immediately downdip of a striking seismic analogy to the nearby Gryphon and Harding producing oilfields.

It is thought very likely that the well is an 'unrecognized oil' discovery. Zeus intends to purchase 3D seismic over the blocks, carry out a petrophysical review of the old logging data and consider re-dating of the sands where necessary.

As mapping is in progress, resource estimates can only be based on likely areal size, reservoir quality and sand thickness. These suggest that the Eocene sands have the potential to be as large as the adjacent Gryphon Field. Published field reserves for the Gryphon field are currently set at 130mmbbl oil plus 130bcf gas recoverable

-----------------------------------------------------------

Cash

[cashandcard] 03/4/2013 12:14

bomfin,

Both Trapo and LHD have their shares in Athena. They also have oil appraisal opportunities in Orchid and 9/17. They look great for a merger, especially when LHD is at this price.

Cash

[bomfin] 03/4/2013 12:12

ok Falklands. It was you that mentioned Trap here today. I'm off, allthough I'm interested to know more about 9/17.

[falklands] 03/4/2013 12:08

Bitter 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

[bomfin] 03/4/2013 12:03

You're such a bitter person. What the hell happened to you?