Longboat Energy Share Discussion Threads

[anley] 04/7/2022 11:17

and the next drill..............

hxxps://factpages.npd.no/en/wellbore/pageview/exploration/drillpermit/9647

[ripvanwinkle3] 16/6/2022 07:42

Thanks for the update Longboat management. Now follow that up by buying some shares.

[ripvanwinkle3] 15/6/2022 12:30

AXA continuing to offload "at best". With more than two million shares potentially still to offload, it will be interesting to see how low this one goes . Already well below cash in bank levels..

[anley] 14/6/2022 11:59

AXA have sold a few - never good news.

[anley] 07/6/2022 14:38

Indeed and I do not disagree with what you have said BUT this market is now "short term" in how it delivers and this LBE team which I rate has had no luck so what happens when the last 2 drills come up as dusters?

[ripvanwinkle3] 07/6/2022 14:02

anley they are getting a 78% refund on the 8 well programme keep up mate! They discoveries to date should be worth more than the current share price Not reflected at all in current share price however. PIs are demanding cash flow via producing assets whilst the company seems to be happy with going down the exp. route whilst the rebate is still there

[anley] 07/6/2022 13:49

I have emailed the company and asked - when and where........will post when I have heard back from them.

I notice this morning that over 1m shares have changed hands - there must be quite a number of very unhappy investors and its going to take what I call a cast iron deal to get the share price back to 75p.

The best bet for this gang is to find someone in Norway to take the company and use the tax losses and tax position............they can't gamble with 2 last drills..can or will they?

[ripvanwinkle3] 07/6/2022 12:19

What about the value of the most recent successful well and the potential value of the three wells still to come ?

[johnhelme2704] 07/6/2022 12:11

50p is just over the cash held by the company. Last year’s successful drill is probably worth 20p or so but won’t be assessed until next year. So yes more than 50p of value but a long wait for it to be realized is my view

[anley] 06/6/2022 08:20

Just what was not needed so they now have to explain how they get themselves out of a big mess.

Is there 50p of value in this business?

[terminator101] 06/6/2022 07:39

Duster. Oh dear.

[sludgesurfer] 20/5/2022 11:56

You know they don't produce anything right? They're a loss making exploration company with a pretty poor record to date and enough cash to see them through their planned exploration campagns but not much more.If anything the oil price environment makes further M&A at attractive valuations more difficult.The market wants to see cash flow from production, not endless exploration followed by the inevitable cycles of debt, placings and dilution to bring whatever they find to market.I did ok out of faroes (although if you look at the amount of dilution through placings over the years it wasnt a great buy and hold investment). Personally I think the market won't stand for that model any more and these guys should have picked up some production during the recent rout....but hindsight is 20/20 as they say.

[hsfinch] 16/5/2022 14:46

This is a dog. Oil price motoring but share price 40% below ipo. Where would it be without the war?

[pro_s2009] 16/5/2022 14:13

2 well farm in presentation



.

[anley] 11/5/2022 16:52

For those who are shareholders today's presentation was most interesting - these guys know the industry but when they get there first gas cheque then there will be no stopping them.

If they have the courage they are a team to start rationalising the North Sea oil/gas sector AND have political stability where with us in the UK we do not.

I am a shareholder in LBE.

[ripvanwinkle3] 09/5/2022 11:56

The two new well farm ins look v tasty. Massive amounts of gas

[anley] 11/4/2022 14:25

The next drill will take 14 weeks = MID JULY.

[adrian j boris] 11/4/2022 09:47

Norwegian energy group Equinor ASA said Monday that it has made an oil and gas discovery close to the Troll and Fram fields in the North Sea.

As the operator of production license 293 B Equinor said, based on preliminary estimates, the size of the discovery is between 4 million and 8 million standard cubic meters of recoverable oil equivalent, or 25 million-50 million barrels of recoverable oil equivalent.

Temporarily called Kveikje, this is the sixth discovery in this area since the fall of 2019. Over 300 million barrels of oil equivalent were proven in the five former discoveries, it said.

"As we did with the other discoveries in this area, we will consider tying this discovery to the Troll B or C platform," Lill H. Brusdal, Equinor's vice president for the Troll area, said.

"By utilising the existing infrastructure, we will be able to recover these volumes at a low cost and with low emissions."

Equinor plans to drill another exploration well in the area this year, the company said.

The owners of license 293 B include Equinor with a 51% stake, DNO ASA with 29%, Idemitsu Kosan Co. with 10%, and Longboat Energy PLC with 10%.



Write to Dominic Chopping at [e-mail]



(END) Dow Jones Newswires

April 11, 2022 03:20 ET (07:20 GMT)

[anley] 08/4/2022 15:46

Blackrock have trimmed - down 1% which is good news.

[the millipede] 05/4/2022 13:14

Agree market cap £35/£40m. Still cheap though IMO.

Annoyingly, I discovered this company only yesterday evening, but I think still very good value with discoveries to date and management calibre.

[bumpa33] 05/4/2022 11:59

Mkt cap was £35m on yesterdays closing price I believe. ADvFN not correct.

[hiddendepths] 05/4/2022 11:02

Simply under many radars Roger!

Nice little company.

[rogerc1985] 05/4/2022 09:44

I meant not much ramping by the usual twitter brigade