Longboat Energy Share Discussion Threads

[jungmana] 29/5/2024 08:53

Imo a good opportunity here today for the wise/brave investors .GLA

[katsy] 29/5/2024 08:46

At £5m MCap, this is priced to go bust!!

[jailbird] 29/5/2024 08:45

I sold . If there is dilution expected , I rather not wait around for that Re- look at this when we know in a few weeks

[jungmana] 29/5/2024 08:44

Selling is way overdone imo with the Market cap GBP 5m at 8p .Malaysia asset value compared to UPL should be at least 60p share price here.

[greedfear] 29/5/2024 08:39

Well, thus far it has been nothing but disappointment.
But at the current share price I’m not thinking of selling.
You win some, you lose some.

[nigelpm] 29/5/2024 08:37

Horrendous but 8p seems worth a punt.

[cashandcard] 29/5/2024 08:35

Agree - the Norway stake should be handed over, if possible, for a small amount to Japex. Then just focus on Malaysia, perhaps remove staff overheads associated with Norway side of the business.Cash

[katsy] 29/5/2024 08:13

Gap closed

[jungmana] 29/5/2024 08:01

Have you really read the rns?

[jungmana] 29/5/2024 07:59

"In the event Longboat cannot meet its share of additional working capital shortfalls at LJN in a timely fashion, the terms of the Shareholder Agreement and Acquisition Facility could result in Longboat forfeiting some-or-all of its shares in LJN."Just hand over to japex and concentrate on Malaysia

[jnbrw] 29/5/2024 07:57

Isn't this all historical info.? These accounts are for year ended dec23. Production increasing since then etc

[swanvesta] 29/5/2024 07:52

New CEO clearly not going to make excuses for the previous one?

[cashandcard] 29/5/2024 07:48

This is a brutal update, it really makes the outlook cloudy.Cash

[hubs] 29/5/2024 07:15

That sounds very optimistic Katsy! Good luck.

[katsy] 29/5/2024 07:11

Not the news we were expecting. Was waiting to here of production level's nearing 1000bopd not nearer 400bopd. Oh well another buying opportunity will present itself.

[cashandcard] 14/5/2024 13:48

Great prospects, I do hope they get a move on with FO process and rig contract in place.Cash

[jailbird] 13/5/2024 15:12

Nice info Zengas

[zengas] 13/5/2024 13:46

Mubadala off Indonesia excited about making a giant and game changing 2TCF gas in place discovery in water depth deeper than Longboats Block 2A which is in water depth ranging from 100 - 1400m with the proposed Kertang well location at 1,000m.
Kertang 9 TCF mid case recoverable estimate.
Multiple follow on structures.

Will be interesting once we gain a farm out from our current 52.5% to accompany us with Petronas and Petros

Updated 13 May 2024, 11:01

United Arab Emirates operator Mubadala Energy confirmed it has made a giant gas discovery with potential for more than 2 trillion cubic feet of gas-in-place with its Tangkulo-1 ultra-deepwater exploration well on the South Andaman gross split production sharing contract offshore Indonesia.
Tangkulo-1 was drilled to a depth of 3400 metres from a water depth of 1200 metres, just a few months after Mubadala made a major discovery with its Layaran-1 well, also on the South Andaman PSC. The operator earlier said that Layaran has the potential to host an estimated 6 Tcf-plus of gas although industry sources have suggested the figure could be higher.

"When added to our recent success at Layaran-1, this game-changing discovery promises to transform Indonesia’s and Southeast Asia’s energy landscape and demonstrates that South Andaman is one of the world’s most exciting energy plays," commented Mansoor Mohammed Al Hamed, Mubadala Energy chief executive.

The Tangkulo-1 well encountered an 80-metre gas column in a good quality Oligocene sandstone reservoir that was confirmed through an extensive data gathering campaign that included obtaining a full core of 72 metres, wireline logging, sidewall core, pressure and fluid sampling.

Utilising a new drill stem test (DST) design, the wildcat flowed 47 million cubic feet per day of "excellent quality" gas and 1300 barrels per day of condensate. Mubadala noted that, although testing was constrained by testing facilities, the estimated well capacity is between 80 and 100 MMcfd of gas and more than 2000 bpd of condensate.

Unlocking further potential
In line with company’s gas-biased strategy, Tangkulo-1 is an important pillar in the cluster’s development story, with the discovery unlocking further potential in the southern part of the block and indicating an additional multi-Tcf of prospective gas resources in nearby structures.

On completion of the Tangkulo well, the West Capella is lined up to drill an appraisal well on Layaran.
Mubadala operates the South Andaman PSC with an 80% working interest and its sole partner is UK independent Harbour Energy on 20%.

[chutes01] 10/5/2024 21:19

That will be the icing, the foundation will be a larger prod deal in Norway, building on 1k Bbls/day deal secured at Statfjord
It could come at any time now, following the Director re-shuffle.

[zebbo] 10/5/2024 17:31

Sarawak, Malaysia farm down/in news will see this 40-50m cap. Im happy to wait 6 months, maybe sooner

[chutes01] 10/5/2024 10:36

Beautiful chart ready to take off

[euclid5] 02/5/2024 16:00

would be better if the bod's took 50% of their alary i shares, as they are so cheap and expect them to re rate several times over within the next 12 months. That will be slightly more convincing, that they expect a strong re rate in the future