Member Info for Ash78

Thanks Urraca, I'd missed that comment about update towards end of june. Cheers.

Fingers crossed it's positive and things start to look up..

5 pence placing anyone?

Some additional communications from the company wouldn't be a bad idea asap

How low can we flippin go!

Well when i was sold the company strategy and with the BODs experience, I was hoping much much more than what it is now after 5 years!!

Let's just say the BOD have done *ugger all to create a successful company, only the opposite.

If i remember correctly none of the exploration 'successes' to date has generated a beaming rns, with only Kveikje being one they were positive about but that being more of a satelite development tagged onto other company assets. Perhaps I've forgot one of the golden nuggets but the significant strategy change to primarily exploration all those years ago has been a disaster.

Let's be honest the share price is where it is for a reason!

Agreed Urraca 👍

On paper it's a significant loss.

I will keep my fingers crossed in hope. I've got a very long way back to evens

"I have never met a rich person who is happy to just lose a large amount of money, Ash."

Put it this way then, have the BOD done anything good over the last 5 years to protect their 'large amout of money' in terms of their shares Urraca??

Certainly to me it appears though they aren't too protective of their wealth tied up in LBE shares.

Just saying proportion-wise their shares are probably not as important to them.

I'm not trolling, whatever that means exactly, I've been here from the start. Think i got some shares at £1.10 😔

The 'transformational' JV is still on charge i guess

Whirlaw, Perhaps their current wealth and wages gives them enough to not really worry or care about the share value on paper.

Deeko they clearly have no clue what to do with the 100 million so it'd be scary giving them a debt facility up to 200 million!

And let's face it, totally undeserved high salaries!

JAPEX must feel like Helge and his merry men have had their pants down!

5 pence anyone 😐

Firwood don't you worry about that, I'm not risking another shilling here! No matter how low the sp is i don't feel i can trust any execution by the board.

I am just a modest investor and previous Faroe Petroleum holder who thought LBE had a good (initial) strategy and supported them on the back of it.

The 5p placing i tongue-in-cheek suggested may not be far off now but without the placing! I'm just miffed mate, really miffed that's all.

I really could cry over this investment. Those initial investments of £1 + were, in hindsight, novice at best 😪

Narrowboat Energy Plc

Not many rose-tinted folk around these days, I've certainly taken mine off.

Be nice to have an update on a short term strategy...

Reality kicking in.

Don't really know what i hope for now, a successful drill later in the year perhaps?🤞

I'm just a peed off investor since the beginning. I saw the prospects but over the last 5 years my faith in the company has eroded. I did recently buy some a few months ago thinking something might happen but no. That's where i am 😒

🤣🤣🤣🤣joker!

Very well done BOD, give yourselves big pats on your backs. How you've managed to get us to this position is beyond me.

- soured jv

- debt to jv

- excessive running costs

- ballsed up minor production asset

- Poorly executed business

- Malaysia in the distant future

- kveikje, if i remember correctly, was not the greatest discovery but was considered to have prospects as part of a wider development that could be years away and reliant on many parties

- far from a good exploration strategy to date

- absolute destruction of share price

- need for a placing (5 pence anyone?)

Remember this £100 million war chest everyone has been spouting about doesn't come free

Appalled

Scmcdyp, nice try today mate.

Unfortunately, for now, the company prospects are broken. It'll take a lot to get this moving now

That's all they are though at present, prospects. Need general funding for such long term prospects