Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
More of the same.
Spend spend spend and no production deal yet.
These lot really are useless.
Let’s hope they can pull a rabbit out of the hat.
Folks offshore on the well start ups are buying shares haha.
I joke! But it’s a lot more common than you’d think.
Be good if the upside case came in too. The charts they have shared to date show it as well above 1 mboed
Really curious to know what the flow rates are.
Last update 350 boepd - 7.6 million revenue at $60 (66% Mcap)
Expected flow rate with all wells online 750 boepd - 15.2 million in revenue or 132% Mcap
Absolutely nothing priced in right now
Well let's hope our esteemed leaders are showing interest!
As per Reuters - LONDON, March 1 (Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has launched the sale of its Norwegian subsidiary, Repsol Norge AS, according to a marketing document seen by Reuters.
Investment bank Rothschild is running the sale of 10 assets located in the Norwegian Continental Shelf consisting of seven producing fields with net reserves of 53 mmboe (36% of them gas) and 2024 net production of 29 mboedp.
The project, code-named Hemera, will include all employees, asset tax and asset tax histories, lease liabilities and decommissioning guarantees and obligations.
The line I'm struggling to interpret is whether these assists are being broken down or sold as a package.
Either way the assets are
Gudrun - January production net to Repsol = 5500 boepd
Mikkel - 2000 boepd
Visund - 8300 boepd
Tambar - not sure nothing on the Norwegian site
YME - 12500 boepd
Other assets but smaller volumes and some discoveries. TBH, with a market cap of just 11 million, even Mikkel would multibag us.
ATB
Has any one noticed just how ma shared the MMs will take off your hands the last few weeks .. gone from being barely able to place a £1k to £20k+ ... definitely cooking some big news up. I've added a lot sub 20p to bring av down. Confident we see positive news here relatively soon.
It’s Pretty apparent that something is being worked. Can take months to get a proposed deal over the line but I feel like we’re moving towards it!
How long it takes for the news to drop though...
> Absolutely agree Savv, a poor performance to date.
Agree, poor performance to date.
However, it does feel like the ducks are now lined up (i,e JAPEX / Malaysia) to deliver on the plan.
The next news feels like it needs to be something significant.
Absolutely agree Savv, a poor performance to date.
You're right, shareholders are never happy but I think we've got more reason than most. 4.5 years as a company and they've taken the share price from 100p to 20p with one small production deal as the only material asset.
Staggeringly inept is abit harsh.
It’s not been phenomenal here but they have pulled in £100 million finance. Pulled a project into a development concept (ringvei vest), focussed the portfolio in Norway into a few hot blocks with synergies and a clear development option, got a free carry this year. Got us a potential monster in Malaysia with huge equity to farm down.
Yeah I’m not exited by the 700 to 1000 boed acquisition but it brings in some cash and Japex were obviously similarly happy to go along.
Personally I think something is being worked (the podcast 3 months ago stated they were already reviewing several assets) it’s the frustration of waiting (which typically takes months to agree) that’s the difficult part.
As shareholders we’re never happy, the could do a 10,000 boepd deal and after 6 months we’d be asking for the next one! Nature of the beast
P.s. I’m no different! I want it right now
These guys are staggeringly inept.
Jeez, these guys are slow.
Are they waiting until oil gets to $100 PB, then pay top dollar
Wait on.....they paid more than top dollar on the last deal...lol. Perhaps thats the plan
Based on performance to date, no.
But thanks for sharing. Hope is all we have to cling to.
LONDON, March 1 (Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has launched the sale of its Norwegian subsidiary, Repsol Norge AS, according to a marketing document seen by Reuters.
'Investment bank Rothschild is running the sale of 10 assets located in the Norwegian Continental Shelf consisting of seven producing fields with net reserves of 53 mmboe (36% of them gas) and 2024 net production of 29 mboedp.
The project, code-named Hemera, will include all employees, asset tax and asset tax histories, lease liabilities and decommissioning guarantees and obligations.'
Time to strap in?
The good news is Statjford production is now covering half of the hobnob bill.
Think you may be right Mommur!!
Its habit of an echo chamber here at the minute. They've gone from several updates a month to nothing for 2 months. Surely they are due to release the end of year? surely they know what Statjford is producing, surely they have a deal lined up the feels interesting.
Re free float: if you include directors holdings, institutions etc it is less than half of the very quite small 57 m shares in issue so approximately around 25m shares. Obviously institution can sell ( and buy) so that's a rough calculation though. dyor.
Does anybody have any idea how much free float stock there is
Managed to grab a few earlier.
Hmm guess that's the other point about lbe , very few shares in issue, tightly held, low mkt cap and low free float means when it moves it moves fast. Guess mms don't want buyers hence the wide spread, they want sellers!
Time to get back in for the next leg up ??
I think they are basking on the uplift of the sp from 18.5p to 22.5p since February - outstanding performance is the clarion call in the office and cries of more free options is the mantra.
Sorry - been a tough week!!