Longboat Energy Share Discussion Threads

[hiddendepths] 05/4/2022 08:00:01

That's an impressive find - looks as though the deeper intervals are oil-bearing too even if they couldn't log them properly or test them.

[hpotter] 05/4/2022 07:45:30

Well result presentation. To me Slide 8 last bullet point suggests they may sell their 10%.

[pro_s2009] 05/4/2022 07:05:43

Life in the old dog yet.......Discovery.........



.

[anley] 29/3/2022 12:33:47

I think so as the team deserves a break.

In any event I have a feeling that they have something up their sleeve to surprise shareholders..........we will wait and see.

[chutes01] 27/3/2022 18:25:38

Full rock n roll

[hpotter] 27/3/2022 17:41:23

According to the 2021 Annual Results Presentation last week the results of the Kveikje well are due shortly. It could be an exciting time ahead.

[chutes01] 22/3/2022 12:44:53

2 weeks and we will be informed of the latest drill, should see this recover.

[anley] 21/3/2022 12:45:10

The company announced on 9 March the spud of the Kveikje exploration well (10% Longboat interest), the drilling of which is expected to take up to four weeks. Kveikje is estimated to contain gross mean prospective resources of 36 million barrels of oil equivalent with further potential upside estimated at 79 million barrels of oil equivalent on a gross basis. Chance of success associated with the prospect is 55%.
Secondary prospects, Rokke and n’Roll, have an additional 127 million barrels of oil equivalent of gross mean prospective resources with chances of success in the range of 14%-34%.
Four wells in the current seven well programme have already been drilled and at least one of these, Egyptian Vulture (15% interest), is believed to be commercial with a preliminary recoverable resources estimate of 19 to 63 million barrels of oil equivalent.
Still to come are Cambozola (25% interest) spudding in the spring and Copernicus (10% interest) spudding in the summer.
Cambozola and Copernicus, are the big ones, with mean resource estimates of 159 million barrels of oil equivalent and 254 million barrels of oil equivalent respectively and chances of success of 15% and 26%.

[anley] 17/3/2022 08:14:28

25% interest for LBE..............

hxxps://factpages.npd.no/en/wellbore/pageview/exploration/drillpermit/9555

[anley] 11/3/2022 17:08:32

Is this the Broker or a so called advisor doing the filing?

I just hope for the sake of the hard working board that the latest drill comes up trumps but I believe there is a shareholders presentation on 24 March.

[micleca] 10/3/2022 16:56:37

Acquisition of 5.009% by TS&W notified to LBE on 7th October, but no RNS until today.

Is this just gross incompetence?

[chopsy] 10/3/2022 16:41:40

But this is tempered by the share price action today.

[chopsy] 10/3/2022 16:41:04

Waste of our money! Does one get a discount for a correction or have we paid 4x the full whack???

[micleca] 10/3/2022 16:36:37

Four attempts to get a TR1 right. Not good.

[swanvesta] 10/3/2022 15:51:31

If I were him I wouldn't bother. No point if you're just going to make a mess of it.

[micleca] 10/3/2022 15:36:53

Looks like someone used the Sept TR1 as a template for a new one, but the changes intended to be made haven't been saved.

[swanvesta] 10/3/2022 14:55:37

That TR1 makes no sense to me either. Carbon copy of the one on 3/9/21? He seems to have bought since, so this one's a sale.

[chopsy] 09/3/2022 10:38:48

Swanvesta, yes, it appears to be wrong, there are around 57 million shares in issue, so MCap more like £29m.

[fillipe] 09/3/2022 10:27:50

Hi All.
Anyone know why Barclays appear to not be dealing this stock (LBE) for buyers?
Thanks.

f

[swanvesta] 09/3/2022 09:35:09

How does ADVFN have the market cap at 5m?

[ohisay] 09/3/2022 09:08:10

I'm in today for a small punt

[anley] 25/2/2022 13:19:27

This is the sort of information we should have from the UK Oil&Gas Authority.

hxxps://factpages.npd.no/en/wellbore/PageView/Exploration/DrillPermit/9534

[anley] 21/2/2022 14:47:02

Auctus Advisors were recently asked to produce a report and in it it refers to the Egyptian Vulture well. The well has already encountered 3-9mmboe net with an upside of possible 16mmboe on only a 25% recovery factor.

The report goes on to value LBE share on this programme at over £4 per share. If readers think that this is too high then reduce the £4 to £2...........any takers?

[anley] 20/2/2022 11:37:56

The directors say they believe there is significant value creation potential in the existing Egyptian Vulture discovery and the upcoming drilling programme, with the Kveikje, Cambozola and Copernicus wells all due to spud over the next few months.

The Boss has bought in and bought more shares last week but there has been no exploration as to how one can value this business until all the drilling has finished and if the company is going to buy in to the 25% production licence.

Yet again it all wait and see.

[anley] 10/2/2022 14:07:11

That was yesterday and now we have just had a 10% gain in the price.....what is next?