Member Info for daveri007

Agreed - over 80% of the admission document is boilerplate stuff - definitely will be used again when the executive team are happy - and we know finance will be straightforward! Best of Luck

oh dear...says it all really.

You really are the stupid and ignorant person here....the management will be well ahead of the 5% at FMV option and trying to stay a few steps ahead of that. Jog on rude person

With FN involved at this stage for a very small royalty, (or something comparable) SD can use the cash to grow GGP into the multi asset multi billion company he was appointed to do here...unless he gets very lucky and CB finds more mineralisation in our existing tenements.

OnSpeed ...why don't you post some valuable opinion/speculation on here rather than just abuse those that do and stop wishing for global meltdown just so you can be happy with the coins you have in a vault somewhere where you will never get access to should the worse happen.

Many BoD's are desperate to get deals over the line to appease their impatient shareholders...this executive team will do what's right regardless of external pressures and I trust we are now starting to reap the benefits of their experienced decision making. GLA

So expect an RNS soon pre PFS regarding more finance needed ...maybe a Franco-Nevada type of royalty deal - much similar to SolGold! Amazing outlook here...couldn't be happier

As Havieron continues to grow beyond all (everyones) expectations more drilling is needed beyond the 60,000m announced for the first half of 2020....the current Newcrest loan of 50m USD will not be big enough to satisfy just the mine development.....we are going to need double/quadruple the loan to accommodate the growth drilling not covered for in the farm-in agreement with Newcrest - All spectacular and marvellous news in my opinion! This mineralisation continues to expand at such depths that only Newcrest can exploit given their experience in underground mining!

This poster speedy always brings things back to wealth, without fail....must be eating away at him ...such a shame really!

There has to be more "asset producing" deals on the horizon....

These 3 farm-in agreements (with Equinor being the vendor of six out of the seven licences) had to be announced now due to the very tight timings involved with the first well due to spud in September and "pivotal" for the farm-in deals to complete, LBE needing to apply and receive approval for the Norwegian oil and gas licence.

We, know ideally they wanted to announce to the market a deal with both production and exploration but timings simply did not allow that to happen....I'm sure the main investors in the fund raise would have been reassured on this subject. ATB

They are certainly loading up a high cost base looking to imminently add another 10 employees...it also didn't go unnoticed the 100% pay increase for the CEO (£150K to £300K) - though at least he's put his money where his mouth is in the fund raise.

Agreed, and best to keep some powder dry to maybe get a top-up at a similar price to the placees or if the first well reported is dry....don't get me wrong thats not what I hope for but best to keep options open. GLA

****UPDATED****

Transaction 1- Equinor Farm-in:

1) licence 939 (Egyptian Vulture) - LBE 15% interest - transferred from Equinor who are the operator retaining 55% invested
https://factpages.npd.no/en/licence/PageView/All/30675651

2) licence 901 (Rødhette) - LBE 20% interest - transferred from Equinor who are a partner retaining 10% invested
https://factpages.npd.no/en/licence/PageView/All/28974820

3) licence 1060 (Hermine & Ginny 2 blocks) - LBE 9% interest in each - transferred from Equinor who are the operator retaining 31% invested
https://factpages.npd.no/en/licence/PageView/All/36465337

4) licence 906 (Mugnetind) - LBE 20% interest - transferred in full from Equinor who are a partner - retaining ZERO interest
https://factpages.npd.no/en/licence/PageView/All/30674013

5) licence 1049 (Cambozola) - LBE 5% interest - transferred from Equinor who are the operator retaining 35% invested
https://factpages.npd.no/en/licence/PageView/All/36464742

6) licence 1017 (Copernicus) - LBE 10% interest - transferred from Equinor who are a partner retaining 40% invested
https://factpages.npd.no/en/licence/PageView/All/34040861

Transaction 2 Spirit Farm-in

1) licence 1049 B (Cambozola) - LBE 20% interest - maybe transferred from both Spirit (10%) and Equinor (10%) both retaining 30% each (Equinor are the operator)
https://factpages.npd.no/en/licence/PageView/All/38095362

Transaction 3 Idemitsu Farm-in

1) licence 293 B (Kveikje) - LBE 10% interest - maybe transferred from both Idemitsu (5%) and Equinor (5%) both retaining 15% and 46% respectively (Equinor are the operator)
https://factpages.npd.no/en/licence/PageView/Active/21695786

Why do they only mention Blackrock as a related party...what about Canaccord and Fidelity - did they not participate in the fund raise? If not maybe why they raised at a discount to prevent dumping on re-list.

I'll be happy for two strikes on our greater share interests :0) - don't forget to take the Founders incentive scheme into account - up to another 10% of the shares in issue....also not sure about tax implications.

Are we getting the admission document today?

OOPS - Transaction 3 Idemitsu Farm in licence number should read 293B

****UPDATED****

Transaction 1- Equinor Farm-in:

1) licence 939 - LBE 15% interest - transferred from Equinor who are the operator retaining 55% invested
https://factpages.npd.no/en/licence/PageView/All/30675651

2) licence 901 - LBE 20% interest - transferred from Equinor who are a partner retaining 10% invested
https://factpages.npd.no/en/licence/PageView/All/28974820

3) licence 1060 (2 blocks) - LBE 18% interest - transferred from Equinor who are the operator retaining 22% invested
https://factpages.npd.no/en/licence/PageView/All/36465337

4) licence 906 - LBE 20% interest - transferred in full from Equinor who are a partner - retaining ZERO interest
https://factpages.npd.no/en/licence/PageView/All/30674013

5) licence 1049 - LBE 5% interest - transferred from Equinor who are the operator retaining 35% invested
https://factpages.npd.no/en/licence/PageView/All/36464742

6) licence 1017 - LBE 10% interest - transferred from Equinor who are a partner retaining 40% invested
https://factpages.npd.no/en/licence/PageView/All/34040861

Transaction 2 Spirit Farm-in

1) licence 1049 B - LBE 20% interest - transferred from Spirit who are the operator retaining 20% invested
https://factpages.npd.no/en/licence/PageView/All/38095362

Transaction 3 Idemitsu Farm

1)1) licence 1049 B - LBE 10% interest - transferred from Idemitsu who are a partner retaining 10% invested
https://factpages.npd.no/en/licence/PageView/Active/21695786

Oh dear, and a wet hole will propel the share price as will another acquisition.

Transaction 1- Equinor Farm-in:

1) licence 939 - LBE 15% interest - transferred from Equinor who are the operator retaining 55% invested
https://factpages.npd.no/en/licence/PageView/All/30675651

2) licence 901 - LBE 20% interest - transferred from Equinor who are a partner retaining 10% invested
https://factpages.npd.no/en/licence/PageView/All/28974820

3) licence 1060 (2 blocks) - LBE 18% interest - transferred from Equinor who are the operator retaining 22% invested
https://factpages.npd.no/en/licence/PageView/All/36465337

4) licence 906 - LBE 20% interest - transferred in full from Equinor who are a partner - retaining ZERO interest
https://factpages.npd.no/en/licence/PageView/All/30674013

5) licence 1049 - LBE 5% interest - transferred from Equinor who are the operator retaining 35% invested
https://factpages.npd.no/en/licence/PageView/All/36464742

6) licence 1017 - LBE 10% interest - transferred from Equinor who are a partner retaining 40% invested
https://factpages.npd.no/en/licence/PageView/All/34040861

Transaction 2 Spirit Farm-in

1) licence 1049 B - LBE 20% interest - transferred from Spirit who are the operator retaining 20% invested
https://factpages.npd.no/en/licence/PageView/All/38095362

Farm-in transaction 3 still to be announced but will be as previously announced be under the Equinor cornerstone agreement.

Interesting - licence 906 was originally held by Faroe (20% partner - main operator Aker BP) and transferred to DNO I think as part of the take-over. I think LBE's 20% is a full transfer from Equinor - maybe this is the one well where the vendor is not remaining invested.