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LBE Longboat Energy Plc

19.50
-0.50 (-2.50%)
21 Jun 2024 - Closed
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
  -0.50 -2.50% 19.50 19.00 20.00 19.75 19.25 19.50 983,879 16:29:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec 0 -15.47M -0.2709 -0.72 11.14M
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 20p. Over the last year, Longboat Energy shares have traded in a share price range of 6.25p to 33.00p.

Longboat Energy currently has 57,108,120 shares in issue. The market capitalisation of Longboat Energy is £11.14 million. Longboat Energy has a price to earnings ratio (PE ratio) of -0.72.

Longboat Energy Share Discussion Threads

Showing 1101 to 1125 of 1425 messages
Chat Pages: Latest  45  44  43  42  41  40  39  38  37  36  35  34  Older
DateSubjectAuthorDiscuss
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%.

zengas
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.

chutes01
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
zebbo
10/5/2024
10:36
Beautiful chart ready to take off
chutes01
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
euclid5
02/5/2024
13:14
Been buying recently but holding from adding more as this keeps falling on L2 buying , even though bid is still 2v1Wait for it to turn
jailbird
02/5/2024
09:43
looks like somebody is liquidating their stock. 250k sell today on top of 175k yesterday.
katsy
01/5/2024
11:54
We should get news of daily production reaching 700-800bopd in May, and hopefully 1000bopd in June.
katsy
01/5/2024
11:36
Indeed
Will we see 40p this month

chutes01
01/5/2024
11:01
One way of looking at this is we expanded the operations to S.E Asia and a larger team to manage that and take on acquistions as seen in the recent annual report.

They talked of cost cutting.

2 directors are standing down and won't be replaced in the immediate future.

Brent Cheshire £70k.
Jorunn Saetre £50k.

Nick Ingrassia was on 230k and moves up to CEO replacing Helge Hammer who was on £300k.

The current Chairman of LBE is on 95k.

Helge leaves to become chairman of LBE/Japex - will there be a pay cut to a more modest Chairman salary or still remain on £300k ?
Either way, Helges salary would be 49% met by the Japex ownership portion of the JV so if he remains on £300k this would be a net cost to us of £153k saving LBE £147k.

Cost cutting of around £200k at least to perhaps £300k depending on what Helges salary at LBE/Japex is.
Also if Nicks salary is not as large in taking over as the previous CEO it might increase the savings.

zengas
01/5/2024
07:49
chutes you appeared to call this two weeks ago with your "bye bye Helge"
ripvanwinkle3
01/5/2024
07:38
Helge moves over, Nick takes over CEO - Malaysia moving more into focus. Good to see imo, think this marks a step change in dynamism…
bumpa33
30/4/2024
10:58
Additional Prod deal news due, should see a significant re-rate here, ahead of free carry drills ahead.
£10 Mio gift

chutes01
29/4/2024
12:56
Look at the wording here .

In Norway, we are focused on delivering a transaction to add material production volumes to the relatively small initial production position we acquired in January 2024 in the Statfjord Satellites.
We will make use of the Acquisition Financing Facility provided by JAPEX which will assist Longboat JAPEX's participation in NCS sales processes.

Then you have the 15% free carry on Lotus in Q3 and the icing on the cake at Kertang .This is a very investable company at this market cap.

ohisay
29/4/2024
12:46
Perhaps some money from UPL coming here. Valued at 3 times more than LBE despite a fall of 25% today.
katsy
26/4/2024
19:17
A few bargains around but this is just too cheap
Expect a bonza deal soon ££

chutes01
26/4/2024
16:34
I was eyeing buying 50k at sub .165p but it would've meant selling another stock, but that stock has just woken up this week, so I need to let that role. This is under £10m market cap, ludicrous valuation.
katsy
26/4/2024
14:19
expect market to get wind of the next prod deal next week, start of May, excellent upside to be had here. £9Mio ??
chutes01
22/4/2024
14:18
Nice to see some old experienced handles here. This is an accumulation target for me after I was tipped this. Not interested in the cashflow, but good they have it. It's all about that Malay license. Really want to see that progress to drilling. If I may repay the favour, folks look into exposure in Namibia/South-Africa. GALPs announcement yesterday, well, ...speechless.





Cash

cashandcard
16/4/2024
15:03
Alistair not prepared to wait any longer for his Brucie bonus, it seems
ripvanwinkle3
15/4/2024
22:42
I picked up a further 275k today. share price is again super cheap IMO. With possible drill late 24 early 25 in Malaysia (as stated in the interview). If statements like that are being made partners must be being lined up now. Petro are desperate to drill the prospect. Our production asset now looks like it will over deliver (tick). Then the $100m revolving credit facility......Opportunity abound
Now tell me LBE is not cheap.
I will add further on any weakness. Good job Helge is a rubbish sales person, or should I say not the most charismatic of people. I honestly see LBE c50p in 12 months time given the right news flow

pol123
15/4/2024
13:14
Bye bye Helga
chutes01
15/4/2024
13:13
Looks like we have another one of the large holders exiting, at a huge loss. Gonna see how low it goes then take the opportunity to further average down. Madness
ripvanwinkle3
13/4/2024
17:26
We need a CEO with more vision, deals are hardly flying in. By the time H and team pull their finger out, the world will have turned electric
hamid1970
13/4/2024
08:14
Thanks Zengas .

Page 8 of the presentation has Longboat’s 1000 bpd from Statfjord being reached by mid-June , so no wonder this factor and others support their confidence of repaying the $17m Japex drawdown by end 2024 . As they say in their going concern statement this is a base case assumption on cash flows this year . The Statfjord interest was acquired for $12.75m in mid-2023 , and still looks well on course for payback within 2 years , as they stated at the time .

bomber13
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