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LBE Longboat Energy Plc

16.75
4.75 (39.58%)
Last Updated: 12:04:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Longboat Energy Plc LSE:LBE London Ordinary Share GB00BKFW2482 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.75 39.58% 16.75 16.00 17.50 17.00 11.75 11.75 4,589,779 12:04:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 -15.47M -0.2730 -0.60 9.35M
Longboat Energy Plc is listed in the Offices-holdng Companies sector of the London Stock Exchange with ticker LBE. The last closing price for Longboat Energy was 12p. Over the last year, Longboat Energy shares have traded in a share price range of 6.25p to 33.00p.

Longboat Energy currently has 56,666,666 shares in issue. The market capitalisation of Longboat Energy is £9.35 million. Longboat Energy has a price to earnings ratio (PE ratio) of -0.60.

Longboat Energy Share Discussion Threads

Showing 726 to 750 of 1350 messages
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DateSubjectAuthorDiscuss
17/7/2023
12:27
Fair point if all we had was Velocette for the most part but we now have very tangible assets other than cash (see above).
And which Oiler do you know that has access to $100m dollars of funding (outwith the Norwegian bank EFF funding of £65m) for £7m enterprise value.?

ohisay
17/7/2023
11:17
... "go figure"...
Yes, indeed but the problem is that cash is measureable whereas risk is intangible.
Take the Velocette well for example (i) there is risk to cost, (ii) there is risk to discovery and (iii) there is risk to economic volume discovered.
The risk to volume discovered here is magnified because LBE will be rewarded in the third ($30m) tranche on a "...sliding scale applied to the gross resources approved for development..."
Can we figure out these risks?

Of course we all hope that the reward on success will be commensurately skewed to the upside... but I certainly don't know. The only person(s) who can figure this out are Mr Market and they probably will get it wrong?

sogoesit
17/7/2023
10:47
Seems nobody has picked up the big discovery next to our Kveike /Lotus assets last week.



Preliminary evaluation of comprehensive data, including cores and fluid samples, acquired from the discovery well and a follow-on extended sidetrack indicates gross recoverable resources in the range of 120-230 million barrels of oil equivalent (MMboe) on a P90-P10 basis.

At 175 MMboe, the mid-point of this range, Carmen ranks as the largest discovery on the Norwegian Continental Shelf since 2013.

Carmen is DNO’s sixth discovery in the Troll-Gjøa area since 2021 and is located close to existing infrastructure with clear routes towards commercialization. The other discoveries are Røver Nord, Kveikje, Ofelia, Røver Sør and Heisenberg.

Cenkos mentioned it this morning in their note,

Significant Discovery Adjacent to Kveikje – DNO has made a significant gas and condensate discovery at the Carmen prospect in the Norwegian North Sea. The discovery ranks as one of the largest discoveries on the Norwegian Continental Shelf for the past ten years, containing an estimated 120-230mmboe of gross recoverable resources. Significantly for Longboat, Carmen lies adjacent to both the PL293B licence, containing the Kveikje discovery and PL1182 S, containing the Lotus prospect.

Incidentally Cenkos has year end 2023 cash at LBE of £9m cf current mkt cap of £16m ..go figure.

ohisay
17/7/2023
09:12
Fantastic RNS
danmart2
14/7/2023
10:57
Took another 100k today.
Technically overbought early yesterday but no doubt where its going in the next few weeks.

ohisay
13/7/2023
18:42
Bound to happen at some point. Can't go up in a straight line continuously.
city1911
13/7/2023
18:29
plenty taking profits today it seems
jeanesy
12/7/2023
20:16
The market cap is still on the low for the potential on the drilling and other assets
danmart2
12/7/2023
14:56
amazing how this was so bombed out, albeit after some expl success, and how a bit of deal making can be transformational
otherwise a few fire sales of assets would have been required
Norwegian oil is the plae to be, others can learn from Helge.
Velocette is in for free now, a proper bonus drill upon us, if it comes good, this will ignite.

chutes01
12/7/2023
12:15
Accumulated on news of management purchases.
hope this bodes well. Near term target 40p.
GLA

sogoesit
12/7/2023
09:37
Looking primed for a breakout. Steady as she goes captain
not guilty
11/7/2023
21:33
Not long to wait then, thanks for the info
danmart2
11/7/2023
14:56
Velocette is a bit of a bonus right now, however if it does come in, whoooosh.
chutes01
11/7/2023
14:39
That's what Helge said.
ohisay
11/7/2023
14:04
I'm sure I've seen spud 20/7/2023 to 20/8/2023. Lovely set up for some news flow
not guilty
11/7/2023
11:31
Late July, early August for Velocette spud I thought the company stated?

The reigns maybe coming off the share price with 30’s incoming…

bumpa33
11/7/2023
11:15
35p in sharp order
chutes01
11/7/2023
09:45
Still no exact date or month for the next drill?
danmart2
11/7/2023
07:47
Hi cmb yes i finally took a small position here a couple of days ago
jeanesy
11/7/2023
07:17
Good to know it's the directors who've been pushing the price up the last few days.
not guilty
10/7/2023
11:11
Jeanesy, i hope you have bought in here. Plenty of meat on the bone here.
2cmb
10/7/2023
09:06
Doesn't seem to take much buying to move this up this morning .
jeanesy
10/7/2023
09:00
Breaking out and threatening that sweet spot on the chart between 28 to 40..
bumpa33
09/7/2023
20:42
Plenty left in the tank here and pending news flow. Looks also that the bigger holders are still stake building
howie26
09/7/2023
13:11
Looking primed for a run up next week. Huge gap to fill and a bull flag that will slap your face off. GL
not guilty
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