Longboat Energy Share Discussion Threads

[rogerc1985] 05/4/2022 09:43

Why is there much ramping going on7m Mcap Cash in bankBank facilityDiscovery todayWhat am I missing

[chopsy] 05/4/2022 09:01

Not much bb interest here, is there?

[chopsy] 05/4/2022 09:00

I know it's only 3-5mmbo net to LBE, but it all adds up and is value accretive. Slowly building reserves. The next well is a big gas one, albeit with lower COS. 25% interest to us.

[hpotter] 05/4/2022 08:58

HD, yes, plus the table showing recent transactions at around $4/BBL.

[chopsy] 05/4/2022 08:41

When does the next well spud? How long will that take to drill?

[anley] 05/4/2022 08:36

This is the big breal and the next two should add some more excitment to the share price this summer.

I bet the team and its brokers are going to tell us these shares are worth over £1+ and I agree having followed them since they raised the capital.

Well done boys/////////////////////

[hiddendepths] 05/4/2022 08:33

HPotter - you mean this presumably. "Longboat to consider all options for realizing value of the Kveikje discovery in reasonable time frame"

I wonder if the indications about oil in Rokke, N'Roll (haha) suggest more commercial oil - they seem thin but appear to be areally quite extensive.

[dunderheed] 05/4/2022 08:05

Yep starting to look very good value here IMHO, under a lot of people's radar.

[hiddendepths] 05/4/2022 08:00

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

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

[pro_s2009] 05/4/2022 07:05

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



.

[anley] 29/3/2022 12:33

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

Full rock n roll

[hpotter] 27/3/2022 17:41

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

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

[anley] 21/3/2022 12:45

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

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

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

[anley] 11/3/2022 17:08

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

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

But this is tempered by the share price action today.

[chopsy] 10/3/2022 16:41

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

Four attempts to get a TR1 right. Not good.

[swanvesta] 10/3/2022 15:51

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

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.