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LBE Longboat Energy Plc

-0.25 (-1.25%)
Last Updated: 14:38:28
Delayed by 15 minutes
Longboat Energy Investors - LBE

Longboat Energy Investors - LBE

Share Name Share Symbol Market Stock Type
Longboat Energy Plc LBE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.25 -1.25% 19.75 14:38:28
Open Price Low Price High Price Close Price Previous Close
19.75 19.75 20.00 20.00
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Industry Sector

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Top Posts
Posted at 28/6/2024 10:20 by katsy
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.
Posted at 27/6/2024 07:53 by jungmana
Brilliant cpr and makes this look absurdly cheap at GBP 10 million market cap.Norwegian sale nearly complete and now waiting for the DROs expected soon.Looking forward to the investor meet today.
Posted at 24/6/2024 21:13 by euclid5
In his keynote address, Firouz highlighted the benefits of investing in the Malaysian oil and gas industry, including the ease of doing business in Malaysia. He said that companies have the opportunity for quick and early monetisation as compared to other areas in South East Asia through various exploration and DROs with vast coverage of oil and gas facilities.

The exploration blocks in Peninsular Malaysia offers diverse opportunities ranging from stratigraphic and channel plays, thin or unseen reservoir to Oligocene synrift play. Meanwhile, the blocks in Sabah offers other opportunities such as inverted anticline play, deepwater exploration, carbonate buildup and Oligocene synrift play.

The selected DROs will synergise with the existing infrastructures and will be opened to potential investors for new development frontiers, with an expected volume of 290 MMBOE contingent resource for development.
Posted at 21/6/2024 07:20 by jungmana
Am particularly looking forward to this as cant attend agm;Investor Meet Company Immediately following its AGM, Nick Ingrassia (CEO) and James Menzies (Executive Chairman) will host a live presentation for investors via Investor Meet Company on 27 June 2024, 11:30 BST. Investors can sign up to the presentation via: Investors who follow Longboat on the Investor Meet Company platform will automatically be invited.  
Posted at 19/6/2024 16:37 by stockhunters
cashandcard if anyone can tell me why upland is worth significantly more than LBE I am all ears or maybe that is the wrong way to look at it and they are both undervalued but one thing is for sure investors at upland still need clarification as to who actually owns the licence

LBE has moved up 100% I am sure a cool of phase will shake out the traders, slow and steady will be fine as more information on prospects get released to investors
Posted at 17/6/2024 19:55 by someuwin
Malcy's blog

"...So pick the bones out of those two announcements this morning as Longboat, remarkably quickly after the recent news that Norway was proving to be somewhat less than profitable, and that its South East Asia portfolio was the future. The way that it has been done is pleasing, the company could not find any reason to stay in Norway and if they had stayed in what was a deteriorating situation there was no guaranty that they could have got out so cleanly.

Longboat has sold its 50.1% interest in the JAPEX JV for $2.5m in cash but importantly taking with it the share of the debt which adds $8.5m to the total making an $11m exit purse. As a result in one fell swoop the board has wiped the slate clean in Norway and is now preparing for life as a South East Asia focused hydrocarbon play.

And what now, well the good news is that there are the makings of a pretty handy portfolio of assets tucked away under the watchful eye of James Menzies who is somewhat of a legend in the area and has the optionality to make something really rather good out of what he starts with.

The jewel in the crown is obviously Block 2A where they have a 52.5% operated interest in this offshore Sarawak located area in eastern Malaysia and in which the ‘giant Kertang prospect’ is located. And this is indeed a jewel, we are told that ‘multiple large companies have approached Longboat’ with interest, accordingly a farm-out process will take place in H2 2024.

In addition to this, Longboat has also potentially an interest in shallow water Sarawak ‘containing several material, undeveloped gas fields capable of near-term development’. These, added to 2A are really excellent starting blocks for the company and as they have said, an important addition to the Asian portfolio.

The speed with which Longboat has got to grips with the Norwegian problem, cut a deal to sell and move forward has been very impressive. Fortunate maybe, in having 2A and Mr Menzies to call upon but I can’t think of anything or anyone better to lead the company going forward.

I have said twice now that investors should not hang around in reassessing and deciding to invest in what we should call ‘New Longboat’, with a CPR imminent I have a feeling that there is lots of upside here and maybe quite quickly too."

Posted at 17/6/2024 12:59 by ripvanwinkle3
Taking Upland Resources as the much-discussed example of valuations for SE Asia focused companies, added to what Longboat are telling us (and acting upon) with regard how they see growth prospects in Malaysia Vs Norway, it seems that perhaps Norway was seen by many investors as just a big risky cost overhead. It was always seen as a better bet than the UK NCS, but Malaysia sounds a way easier place for a small oil and gas company to do business. In the meantime can they also get a production sharing agreement funded by debt?
Posted at 29/5/2024 12:53 by someuwin
SP Angel.

"...The shares are down over 50% in early trading on the back of a disappointing operational update, which exacerbates the need to access additional funds during 2024 in order to fund on-going operations and pursue growth opportunities. Longboat has two experienced M&A teams in place and anticipates funding will be sourced through asset disposals, farm downs, the issue of new equity, dilution in the Company’s joint venture or a combination of all these actions. However, Longboat’s dual-jurisdiction strategy currently remains unchanged and we look forward to a further update from management to the market around the time of its AGM at the end of June. Investors will be hoping for positive catalysts from the ongoing drilling programme (Kjøttkake spuds slips into 4Q24) and the potential monetisation of the Kveikje and Oswig discoveries in Norway."
Posted at 29/5/2024 08:53 by jungmana
Imo a good opportunity here today for the wise/brave investors .GLA
Posted at 11/4/2024 08:56 by someuwin
11 April 2024

Longboat Energy plc

("Longboat Energy", "Longboat" or the "Company")

Investor Presentation

Longboat Energy, the emerging full-cycle E&P company, is pleased to announce that Helge Hammer, CEO, Jon Cooper, CFO, Hilde Sathe, Managing Director - Longboat JAPEX, and James Menzies, Executive Charman SE Asia will provide a live presentation via Investor Meet Company on 11 Apr 2024, 15:00 BST.

Investors can sign up to Investor Meet Company and add to meet LONGBOAT ENERGY PLC via:

Investors who already follow LONGBOAT ENERGY PLC on the Investor Meet Company platform will automatically be invited.

The information contained within this announcement is not considered to be inside information prior to its release.

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