Longboat Energy Share Discussion Threads

[sludgesurfer] 03/11/2022 11:44

Another duff result that'll go nowhere. They're 'funded' for 2 more spins of the dice if I remember. Copernicus and Velocette both with low CoS. Surprised they plan to drill these prospects that are so far north over winter/spring.Will they raise funds beforehand? Will they even be able to and at what price?

[nigelpm] 03/11/2022 11:15

Wow - that's some haircut - well overdone.

[anley] 03/11/2022 09:04

Spoke too soon........

I doubt if the company has sufficient cash left to carry on.

Due a rebate but that will have to be paid to their bank so does that mean that they have to ring their brokers and raise more capital. If so then count me out.

In the meantime who has been the big seller over the last month and today?

[yasrub] 03/11/2022 08:02

I think that is a pretty disappointing result, real shame.

[anley] 03/11/2022 07:42

At long last some good news..............now what is the business worth?

[pro_s2009] 03/11/2022 07:09

Explains the recent volume spikes on the chart.

Of which I must say......ECO had a 3 day volume spike last week......fingers crosed for an oil discovery there.

[ronson333] 02/11/2022 16:18

Looking good here, results should be out soon

[chutes01] 01/11/2022 14:59

perhaps update on well test next week, chart ready to break 60p

[chutes01] 28/10/2022 17:17

not too much interest yet, low vol, chart looks ready to rock

[anley] 28/10/2022 16:39

I have a feeling that MON 31 October ...........

[chopsy] 25/10/2022 13:06

Yes there is.

[chutes01] 25/10/2022 12:24

Chart looks ready to motor north
Any news due

[chopsy] 24/10/2022 15:30

Let's hope that 3pm uptick portends a good RNS tomorrow, indicating positive news from the sidetrack and flow test.

[anley] 07/10/2022 08:10

Richard Sneller has sold shares and his holding falls from 5 to 4% which gives him a huge loss on his original investment.

Over at Deltic his holding is now 9%+ which is also down as he did not take up his full offer but with Lord Spencer there combined holding at 28% more than controls that company.

There are so many opportunities out in the market for nimble investors and that includes the LBE team............they just have to go for a few North Sea assets in the latest round - out today by Jacob the new North Sea King.

[avsome1968] 26/9/2022 12:12

Nice 550k buy first thing.

[blackhorse23] 26/9/2022 00:13

stock to buy CURY (LSE) https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[arcteryx] 25/9/2022 15:53

Sounds like this well alone could be worth north of £100m to Longboat.
Current Mcap is £25m.
Question to be answered in November - is Oswig a very large discovery, or a monster discovery?

[thegreatgeraldo] 23/9/2022 13:33

Tune produces mainly from the Tarbert*, so sounds a positive. Hefty tax relief on Norwegian explo, but still a positive, imvh, that they're going to the effort & cost of drilling an ST


* hxxps://www.norskpetroleum.no/en/facts/field/tune/

[anley] 23/9/2022 09:34

Well you were right to tell us to watch out.......well done LBE as they needed to come up with a surprise.

Next week the LBE team will be in London and they should be presenting us with how they see the company performing over the coming months.

[ripvanwinkle3] 23/9/2022 09:29

It seems clear that we have an II who uses any rise to sell into. Expect it's one of the ones who got in at the start (late 2019) and has since bowed to green pressures to be more woke and reduce investment in O&G sector. Irritating, but continues to present buying opportunities for those of a less hysterical sensibility

[avsome1968] 23/9/2022 07:56

Looks a positive update.