Longboat Energy Share Discussion Threads

[e43] 08/8/2023 09:59

Company est 50days to drill to target depth,if it hits then another 50odd days for a possible sidetrack and testing.
Market hasn't really priced in any hope value for Velocette at current price.
Japex though place a high potential value on it as if it comes in at the top end of potential estimates they will put another US30m into JV.
So by definition extremely valuable for LBE in a best case outcome.

[sogoesit] 08/8/2023 09:47

Sizeable target as well... about 1 Tcf gross.

[danmart2] 08/8/2023 09:19

Good positive news, drilling to be completed by early September? Is that correct?

[11_percent] 08/8/2023 07:59

Longboat Energy, an emerging full-cycle E&P company active in Norway and Malaysia, is pleased to announce the commencement of drilling operations on the Velocette (PL1016) exploration well in Norway (Company 20%).

COS -30percent.

[captain james t kirk] 07/8/2023 05:43

Well there you go, she's in position with tugs and the Esvagt Connector in support.

[captain james t kirk] 06/8/2023 19:39

Apologies, this is the more direct link:

[captain james t kirk] 06/8/2023 19:06

mario has kindly submitted this and expected time at Velocette is 2am local time 07/08/23 :

mariopeter6 Aug '23 - 17:57 - 5252 of 5253
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CJTK Here she is just off the West Coast of Norway. Presumably you are in Longbboat?:




Nice to see your name here.

[captain james t kirk] 06/8/2023 18:10

I posted this earlier on the Wanabi AAZ board, where a number of posters have an interest in LBE.

xxnjr6 Aug '23 - 16:51 - 59085 of 59086
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Hey! kirk,

Looks like your rig is on the move.
It was at 64.55.20N 006.44.08E (probably fixed location of last work). Cannot say when it left there.

It now seems to be at 65.32.40N 007.05.40E and heading further N.

Your well is at 66.45.2N 007.49.28E

So 139.27kms on a heading of 013° to go.

Dunno it's velocity in knots. But will probably be on location in a day, or so. Let's say Tues at 07:00hrs ± :)

Reasonably confident in this but please don't make an investment decision based on this!

Should we be buying into the story(?) here......?

[ohisay] 04/8/2023 16:06

Yes ...good spot .

[e43] 04/8/2023 10:29

Will sink in at some point and with few shares available ,should be able to get mkt cap into 20-25m range

[bumpa33] 04/8/2023 09:30

Updated today, has well spud date in August. Will mkt latch on to that?

[anley] 04/8/2023 08:17

Is this the start?

hxxps://factpages.npd.no/en/wellbore/pageview/exploration/drillpermit/9896

[chutes01] 28/7/2023 15:51

heading to the moon is this.

[eyeofthetiger] 28/7/2023 11:54

This is a 100M stock and its going to become very clear, very quickly.

2 points and im gone for now. See you in a few weeks.

Hugely positive news for #LBE this major discovery is adjacent to #LBE Kveikje discovery. Huge discovery and makes the FANTA Development even more valuable.

Note confirmation in this article that #LBE Kveikje WILL form part of the development.

hxxps://geoexpro.com/a-significant-gas-discovery-at-the-right-time/

This major discovery by DNO is further to the west and deeper than adjacent discoveries - same play and fairway as Jasmine and Sjokreps where DNO are JV'd with #LBE and this well result now derisks the prospects as stated in the RNS

[ohisay] 27/7/2023 17:28

FWIW ..Since I retired I've been lucky to have a few multi bagger stocks..the ones where I gradually invested a large position over a period of time based on what I thought were undervalued/overlooked situations .
LBE was one of these and I expect there's more to come here .

Where else might there be value ? Well check out DELT and SNX.
DYOR of course.

[jeanesy] 27/7/2023 16:42

Flying today

[ohisay] 27/7/2023 16:09

Not much stock around is there ?

[sogoesit] 26/7/2023 10:40

IMV "quiet" on a BB is good news... while holders hold and rampers and derampers avoid only to be surprised by good news flow and FOMO drives prices ;-)!

[danmart2] 25/7/2023 18:35

September is the interesting month

Unless there are further director buys in August

[bbm_144] 25/7/2023 18:01

All very quiet on here !

[roberth176] 19/7/2023 09:33

Next to dnt mean they will be success

[ohisay] 19/7/2023 09:20

There you are ...right next to Kveikje.

[danmart2] 17/7/2023 23:54

In a few months we will find out

[sogoesit] 17/7/2023 13:21

None, that's why i'm long this stock ;-)

(And my point being that the "market" is weighing the risks too heavily to the downside but weighing them they are thus creating arbitrage).

[ohisay] 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.?