Longboat Energy Share Discussion Threads

[jungmana] 17/6/2024 09:02

I increased my holding by 50% this morning. a huge opportunity at this level for the long term investor.

[bumpa33] 17/6/2024 07:25

patience. Kertang CPR in the next two weeks, and we’ll get a real handle on the size of the prize…

[captain james t kirk] 17/6/2024 07:24

LONGBOAT ENERGY PLC will be holding a Post AGM Investor Presentation meeting on 27th Jun 2024 at 11:30am BST.

[bumpa33] 17/6/2024 07:19

Now, let’s see if we can close that gap over the days/weeks to come and the damage caused by Bruce dumping…

[cashandcard] 17/6/2024 07:16

Great News

[the sage] 17/6/2024 07:10

Morning all. Just joined the party, looks good.

[nigelpm] 17/6/2024 07:09

Can't blame Bruce for that thinking but looks like he was wrong.

[katsy] 17/6/2024 07:08

Now we're leaving Norway, the two remaining wells will probably come on stream at whooping production rates. lol.

No excellent news. The assets we have, should be worth near term at least £15m or 30p thereabouts

[arcteryx] 17/6/2024 07:07

Bruce got robbed, had been expecting a fund raise and dilution?

[ohisay] 17/6/2024 06:48

Now UPL really does look expensive !

[ohisay] 17/6/2024 06:46

Just as I thought and pleased I just about doubled my holding ..

BTB I noticed overnight that the Japanese Ambassador had visted the Longboat Japex offices 2 days ago so clearly a long time in the making .

[stockhunters] 17/6/2024 06:44

Reads ok but is the price they got much lower than expected?

[darcon] 17/6/2024 06:42

The exit from Norway is the right move in view of the circumstances.

The sooner they can complete and fully clean up their capital structure the better.

LBE’s Malaysian opportunities have the potential to deliver a lot of value. Can LBE’s streamlined team deliver? I think yes.

[jungmana] 17/6/2024 06:42

And the money is enough for next 9 months. Am happy with the news

[bumpa33] 17/6/2024 06:40

$2.5m in cash and all debt ($8.5m) cleared ain’t bad imo.

[jungmana] 17/6/2024 06:39

"Longboat is pleased to announce that it has provisionally been granted an award, subject to the successful negotiation of certain key contractual terms, for acreage in shallow water offshore Sarawak containing several material, undeveloped gas fields capable of near-term development. These resources are an important addition to Longboat's growing Asian portfolio". 

[nigelpm] 17/6/2024 06:36

Horrible price but they are out and immediate funding worries gone assuming transaction completes. On balance good news and relief.

[molatovkid] 17/6/2024 06:34

Fresh start, no skeletons left in the closet with Norway, cash and farm out interest with big boys in Malaysia.Sounds like about the best we could hope for.

[arcteryx] 17/6/2024 06:30

Considering everything Helge ever did in Norway sent the share price south, I hope this major change in direction will also be reflected in a major change in direction of the company's fortunes!

[bumpa33] 17/6/2024 06:26

Let’s see if the market was indeed short…

[arcteryx] 17/6/2024 06:22

They could have raised funds to continue in Norway, but as a holder I'm supportive of this move. Predicted by Zengas I believe.
Now we have some certainty. Bye bye Helge - you won't be missed.
Kertang's a monster.

[bumpa33] 17/6/2024 06:20

Well, I’m chuffed we’ve dumped this albatross and no imminent fund raise, along with near term news on the horizon of the kertang prospect and additional new acreage.

[jungmana] 17/6/2024 06:20

Best news for us imo. Yes would have loved to have some production but fully focused on Malaysia is excellent with the financial worries all gone.10p+ today imo