Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I've just sold out at 8p.
They have a massive financing problem and should never of got involved in such small bopd deals. Many companies have been brought down this way.
Japex become 100% owners of LBE/Japex. Leaving us with Malaysia. Thats my read on it
Imo 10p could be hit
Is japex deal finished? What is happened with the cash short fall
At least the sun is shining in East Germany. 😕
Updates soon from LBE
Agree, a very poor showing from LBE
Another 2 deals done in the last month and LBE nowhere to be seen.
Concede bought Var Energi's stake in the Boyla field - 1600 boepd for $24 million.
DNO bought net 5000 boepd from Var Energy for $60 million (plus some asset swaps).
What the hell are these guys waiting for, if it's the perfect deal then clearly it's not happening. Just get on with it, stop being picky and start to build some value, yes we have out 1000 boepd right now but the main thing here is increasing cashflow so we can self fund further acquisitions.
If I was JAPEX I'd be getting pretty annoyed, we've given you $100 million, use it
https://www.rigzone.com/news/var_energi_to_sell_stake_in_north_seas_boyla_field-28-may-2024-176890-article/
Drilling activity continuing offshore with no let up
https://www.upstreamonline.com/exploration/petronas-carigali-to-appraise-duo-of-malaysian-discoveries/2-1-1650151
Kuwait petroleum exploration company keen to do further partnering deals with Petros ( one of our partners in Sarawak) in terms of gas exploration. Has already made one discovery ( gas find in Luconia offshore Sarawak)
https://dayakdaily.com/kuwait-foreign-petroleum-exploration-company-keen-on-collaborative-opportunities-with-sarawak/#
...In fact 'this' years
Biggest deal these lads are probably working on is where and when next year's Christmas knees up/back patting do is. More snouts at the table this year n all 🐽 💰
Scott if i were a gambling man I'd lay you a bet that they absolutely won't.
Hopefully they do. And it’s a meaningful amount.
I expect the deal will be unveiled before end of month
Bbls………
Must be one hell of a deal they’re working on!!
Still think our patience will be well rewarded.
When significant news does break, this will rise very fast indeed. Should be 30p now with small production and Sarawak on the horizon. Sarawak will have a farm in/down this year. Petros/Petronas want to move fast with 8-10 TFCs at play this would be ££ even with a 10% carry
Unveiling of next prod deal is key to starters
10kBbls/day deal then eyes on far east
When do we think this massively undervalued company will not be so
Mitch clegg as CEO makes me nervous with opportunity progression. I recall several revised RNS’s from his Tullow days that drove the share price down to 8p.
Nevertheless, a great opportunity missed on my part
Afrenta is probably around 7k atm. With scope to increase further from existing assets.
Huge potential there.
LBE at its current market cap is massively undervalued. The excellent posts from Zengas highlight this perfectly.
Afentra… auto correct
Agents currently has 6000 boepd production, Mcap £125 million.
Come on LBE. Easy 12 bagger on any significant production purchase here.
Unfortunately none of this helps today's revenue, profits and share price 😒
Thanks guys
Was not completely imagining it! Numerous discoveries off Sarawak and ongoing !https://dayakdaily.com/premier-offshore-sarawak-potentially-rich-in-gas-following-og-discoveries-in-2023/