Member Info for Deeko19

Have to agree. Get a move on! £200 million with of acquisition finance is pointless if it’s just sitting in an account!

Share the news on assets being reviewed, early commercial terms, potential takeovers, production guidance (why wait for all the wells to be brought online… given we only have the two minority stakes, an additional well being brought online is major news), Sarawak partner progress… have we invited companies into the data room.

Give us something

200 Mboe of tight gas.

Fish bones technology is a potential solution to take the recovery from 10-30% upto 30-50%

https://www.fishbones.as/ been proven by equinor, Aker etc.

The mini frac delivered 2.3 MMscf, fishbones could take this to 20x the well rate.

Get after it LBE

All the below plus free carries on drills off Norway starting in 6 months. And a possible extension of the carmen discovery off Norway in the block adjacent. Plus Carmen possibly leaks over to our block.

Mental value to be had if you see the wood through the trees

This will absolutely fly on any significant news

Nice one! Not a bad day here. Blip in the ocean though compared to what could be on the horizon with acquisitions and Kertang!

Looking forward to the updated production guidance!

The below is of course all speculation based on getting the results we all desire but the blueprint is there, just need stars to align

Folks… let’s see what 2024 brings. We got cash available to buy assets, JV partners that have joined and keen for production ading acquisition hence they are willing to pay upto $100 million at their initial expense the for them.

We’ve got Menzies who seems to be one of the most ‘get after it’ and industrious people I’ve seen presenting on aim in the last 5 years.

The story is building month by month! We tried exploration which didn’t bear significant fruit and hasn’t been desirable with investors for a decade, particularly in old basins. We’re now moving to farm outs and free carries on exploration. We’ve got our first slither of production (personally I can’t get excited about a few hundred barrels) and now we’re in the market for more in Norway.

We’ve then got a monstrous block in SE Asia which has more potential reserves (and solid indicators that the gas is there) than most mid cap companies have! It won’t be long before a major (possibly shell) comes in,50 million is small risk with massive reward for a major and they are all looking for LNG gas assets because they make a fortune trading it around the world.

Longboat genuinely has the most potential I’ve see on AIM. I just hope it’s well managed and we don’t get snapped up by some other company that will dilute us to with an already huge market cap.

Easily a 10 bagger on a decent production deal and a >50 bagger on a find in Asia

Let’s not forget Mommur, Serica was saddling at 10p for what felt like ages. Then low teens, then high teens. Absolutely nothing was going for a while and then BOOM… the RNS landed.

Hopefully we don’t get taken out for petty cash!

Nice one! Big numbers, could be a 70,000 bopd company in 2025

Shows that they’ve identified a possible extension of the prolific Carmen discovery in the same license as Kveikja and are working it up as a drill target.

Have to agree. This company has all the makings of a SERICA but the board are currently failing to hit milestones.

I can’t help but feel something big is being worked though

Exactly Haggis!

Previous RNS stated end of the month. Then they drop this crappy RNS instead

…

It’s an interesting proposition. Personally I think it’s too big of a deal for us (not that I’d be opposed to taking it in).

There is no mistake that Japex have the financial clout to inject the funds if they want to take it on. Sounds to me like it’s a $400 million+ deal with $700 million debt being transferred.

Helge did mention that with JAPEX current lending limit LongboatJapex would have a combined debt availability of $200 million.

For me JAPEX are in the JV business so the emissions can be attributed to another operator and it shows they as a sole company are reducing emissions. If they want to grow quickly then get the funds lined up and let’s go!

IMO it’s either something big or we’ll end up with scraps because PGniq seems to be involved in buying up everything

Amazing what you can do with massive funds and no complaining investors

Disagree here, it would be great for short term gain but longer term it just means I have to find another share that I believe in.

Any sniff of slightly negative news and this things falls like a stone. The company have just drilled infills that added 7000 STB (more than montaro) and the share price didn’t budge. They’ve now identified a region of the field that’s untrained and will be planning additional infills so let’s see how that pans out. Eventually the true value will catch up.

Great analysis,

Fully agree on all point, especially the mental stop loss. For me, if you’re panic selling then you don’t fully understand what you are invested in or why you invested. Nothing tangible in the story has changed here in my view, the company were aware that they need further diversification and are already pursuing that mode of operation anyway, if anything it means a faster line of acquisition and developments.

Akantara online next, as that chapter of the story closes I’ll reassess and invest accordingly but for now. I’ll top up some more

Agreed! Really looking forward to this playing out throughout 24

Took another chunk in prep for the new year!

The way I see this is;

Var Energi are going through portfolio optimisation and divestments.

Wintershell are divesting and optisiming portfolio for gas production.

Equinor are divesting certain assets and focusing on specific areas

Inpex seem to be working collaboratively with Longboat I.e farming in to assets and divesting others

Lots of transactions going on at the minute in Norway and Longboat have cash available!

Ridiculous interpretation. The last webcast literally stated that they would be looking at farm outs to minimise the risk of exploration (literally the words were ‘we’ll use someone else’s money’) drilling and focusing on production and development acquisitions.