Longboat Energy Share Discussion Threads

[bencook1] 05/12/2022 09:26

Very very cheap here I've taken a million.

[anley] 22/11/2022 14:24

Thank you for your link but it says nothing new and in fact raises a question or two.

The shares were originally floated at 100p and then slowly as each announcement came and went the shares slipped to 20p. This must be one of the worst value destructions in recent times.

How does this expensive team plan to continue?

How will they repay debt - by the tax credit they will say but then they need capital for more drilling?

When will they tell us what the true picture is and how they plan to get back shareholder value?

Finally - I bet Sneller never thought he would loose as much as he did but now he is out and his shares spread around a new bunch of punters times may change.

[burtond1] 22/11/2022 06:28

Green shoots of recovery for Longboat Energy"...Value triggers on the horizon for Longboat include the prospect of further announcements regarding Egyptian Vulture, Rødhette and Kveikje, continuing operations at Oswig, and the (longer term) prospect of exploration at Velocette..."https://total-market-solutions.com/2022/11/longboat-energy-plc/

[bencook1] 21/11/2022 10:43

Seller out move this up

[ohisay] 17/11/2022 02:09

Good for you !

[ripvanwinkle3] 16/11/2022 17:30

I grabbed 50k of Snellers early Xmas presents today, cheers pal

[chutes01] 16/11/2022 17:01

wiped him out for 20p

[stockhunters] 16/11/2022 09:22

gas on the rise

[ripvanwinkle3] 11/11/2022 08:46

Just waiting for the Snellster to continue sticking the boot in and drive the price down further. Bargains to be had down here but may as well wait till he offloads his last couple of mill? . We are well under cash on books and there is value in the finds, so come on , give us your shares snelly!

[anley] 10/11/2022 11:47

LBE FUTURE?

What next and waiting to hear from the directors.

[anley] 10/11/2022 11:46

In a way you are right but he had to fork out capital to hold his position in Deltic Energy which was 10% or just under. He bought that stake around 1p so he could sell a few and then use the LBE loss on the CGT calculations.

That's my assessment on Mr Sneller..........

[ripvanwinkle3] 10/11/2022 11:21

Yes he's bailing for a loss of millions. Longboat's discoveries still worth more than they paid for them when you factor in the 78% rebate they get on all exp expenses, so odd in a way that he's happy to drive the price right down and keep selling at ever greater losses

[anley] 07/11/2022 14:53

Sneller is slowly selling down.

[chutes01] 07/11/2022 14:51

looks like mms took advantage of drilling lower end figs to flush out some weak shares

[ripvanwinkle3] 04/11/2022 15:06

Time for the bod to buy a few to plug some holes in this sinking boat

[ohisay] 04/11/2022 12:03

Quite happy to buy these at 26p.Looks oversold to me at 16m market cap..Ps I sold at 43p thought there was a little too much success in the price but at 26p there iz almost nothing.

[ripvanwinkle3] 04/11/2022 10:02

You mean the opposite, right? Can't get a quote to sell but can get a quote to buy the entire company

[the millipede] 04/11/2022 09:47

Can’t buy in meaningful quantities, but can get a quote to sell my entire holding.

[chutes01] 03/11/2022 21:43

Not the best result
But 650 Bbls is not a bad result and ext to the south
Savage market reaction

[euclid5] 03/11/2022 16:42

The broker note a few months back had all the cos in the different oil fields/ gas fields they wee going to drill, and they all had a very low chance of success. Glad i use my judgement based on this one factor - even though if they all came in the NPV was pretty high - however practically the chances that all the exploration oil/gas all prove commercial was very low

sorry for anyone that went into this

[kaffco] 03/11/2022 14:19

Now sitting at its support level :-)

[anley] 03/11/2022 13:51

The annual cost of maintaining the QUOTE - BROKER - PR at a M/C of £16m makes for a case of selling off the assets and return the cash to shareholders UNLESS you have someone who wants to use the SHELL for a similat and profitable venture - STIFEL the current brokers may have ideas.

[sludgesurfer] 03/11/2022 13:24

Perfectly reasonable reaction imo. Given the cash situation, the cost and the CoS of the two remaining drills.

[goforgold1] 03/11/2022 12:59

Another Dude Share . Fuvking hell these companies have nearly a Zero chance of production . 99 percent fail