The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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.
JWBelle-ende trying his worst to convince us all to sell, he must be sweating buckets now. LOL!
Azule WILL be signed off soon & tens of millions of dollars will flow into our bank :)
Then we can all breathe in Belle-ends smoke as his shorts burst into flames and our sp shoots ever skyward, lol!!
I'm STILL buying :)
And another day where management have no managed to expectations currently
Imagine if this doesn’t complete, shares would plummet
I'm shocked I tell ya, shocked! Who knew the oil price went up and down? You learn something new every day.
I'm still buying though :)
Its almost like AET are in the oil business?!! Nooo, surely not, christ, why did no one tell us
….nearly 5% down. Up when oil goes up and down when oil goes down. Still there is always the next RNS! Chuckle
Oops, nearly forgot! We also have a 34% carried interest with Genel for offshore Odewayne in Somaliland. It just gets better & better...! :)
1.26 !!
We cashed cica $26.5m last August & another $38.2m in Feb. Assuming we do another $38.2 in the summer, that gives us a P/E of 1.26. We have at least 16 years of production ahead, plus Azule, plus possible the 2 new onshore blocks. We should be on a P/E of at least 5 or 6 I would think. That would give a share price in the region of £1.80-£2.25 going forward.
I'm still buying :)
As JWBelle-ende loses all his money on his short, we gain lots of money by buying!
A transfer of wealth from a loser to us - the winners! :)
By way of Executive Decree 79/24, of 11 April 2024, the Ministry of Natural Resources, Petroleum and Gas (MIREMPET) has approved the Declaration of Marginal Discovery of the Punja Development Area in Block 3/05-A.
The Punja DA will enjoy the following tax incentives:
➡ Depreciation of Development Costs – 3 years
➡ Cost Oil Cap – 80% during the first 4 years and 65% from year 5
➡ Petroleum Income Tax – 25%
➡ Investment Premium (uplift) – 1,20
Block 3/05-A is located in the Lower Congo shallow waters and is operated by Sonangol P&P with partners Maurel & Prom, Afentra and Etu Energias.
They said “weeks” and once again it’s not happening, clearly delayed
Can you explain further Rift. What relevance this has?
Yeah, the good thing is tho that the sell price is consistent, so not many sells, just the buy price moving down to make the spread smaller.
We need news now. Would love an update regardless.
91.39 USD +1.69 (1.88%)past 5 days
46.90 GBX +5.90 (14.39%)past 5 days
Another great week Azule / New lifting / KON blocks / new deal / Buying TR1? /
Something next week be nice
AZULE DEAL approvals on Monday hopefully! (or late this afternoon even better!)
If its Azule's turn to get the lifting which i suspect it might be, then you're looking at a $93 lifitng price as Palanca is +$2
Marine Traffic app is very good for ship movements
This is really useful - thanks for that. (I don`t doubt you btw)
You are here. So your judgment is as good (or bad) as mine!
Good to see further consolidation and slow share price appreciation. Institutions and family offices definitely buying now
Tanker Delta Blue is the name track it and see its destination for yourselve.
Wait and see Quig if iam right or wrong!
Magnificent - Azule deal closing is due. Oil price strong. Company and management positioned as partner of choice in the region. Market cap growth now unlocking new investment keen to benefit from significant likely cashflows. Barrel growth ahead with major next deals enabled by cashflow and credible team fits the strategy.
A rare institution in the making with legs ahead of it imo.
Where do you get this intel from?
it is like you are a fly on the wall talking about tankers docking into Palanca and McDade and co putting in orders for his next Mont Blanc pen lol
Keep it coming and I hope you are 100% on the money.