The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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!
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
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
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.
I might be connecting dots here but KUFPEC are selling up 19,000 STB/d in Norway to focus on Malaysia’s.
LBE have £100,000,000 in financing for Norway (assume debt and raise for the rest) acquisitions and building a business in Malaysia around the monster prospect they’ve acquired.
Https://www.offshore-technology.com/news/woodside-energy-assets-sale/?cf-view
7 million for >2,000 barrels extra with another well to be completed and brought on stream (further 2000 barrels based of the average) is phenomenal value.
Is this a real comment? How did you pluck that one line out of the whole RNS
No sign of LBE once again.
https://www.oedigital.com/amp/news/509271-norway-lime-petroleum-to-farm-into-north-sea-oil-gas-field