Member Info for Desmond45

More confetti shares! I see nothing much has changed here

Fully agree. Interestingly block 14 was extended out to 2038 yesterday. If you recall the extension of 3/05 was a key CP for Afentra to buy in on that license. It’s public news that Chevron want out of block 14 and their ~30% is up for grabs, I suspect the sum required is within reach of Afentra given their ability to refinance and also use the cash on the balance sheet. I believe current production on block 14 is north of 50k bopd so could be a transformational deal if we are throwing our hat in the ring, could be looking at >20k bopd post completion. Perhaps in deeper water than we want but let’s see what happens. Opinion only, DYOR

Can’t believe the same old bag holders are still pumping this lmao

Absolute bargain at these prices. Fortunes to be made for those happy to hold for 18 months.

Most of this years oil liftings are largely hedged. Lower oil price makes acquisitions cheaper and there’s a significant sum on our balance sheet to do deals. Crazy to bail at £85m mcap lmao

Wow. Farm out means 88Es working interest to be reduced to 25-30%, which after all the expenditure and dilution to date is a real kick in the teeth for long suffering shareholders. Not to mention no drill activity for another 18 months (mid 2026). Having said that, might be worth a trade if/when the company raises enough extra cash to keep them solvent in the meantime.

If there was anything of interest in the KV acreage then the likes of Liontown could buy MILA out for pocket change. Ultimately there isn’t, and cash here is dwindling. What a dud.

As expected - dwindling cash, very poor assets, zero near term value catalysts. What’s more likely, a farm out or a cash raise? Answers on a postcard.

This old dog has seemingly had its day. The happy clappers have all gradually disappeared. Classic AIM this one

We might have a bajillion barrels of oil! Let’s raise some cash!!!

Absolutely nothing to shout about in that quarterly report. Bad times

VERY ambitious timelines IMO, no potential flow test until 2026 and that’s only if a F/O partner wants to buy into this asset (which looks increasingly unlikely based on data from the first set of flow testing). Dwindling cash reserves. Not much to cheer about for now and I suspect most LTH know what likely comes next. Perhaps time for a share consolidation and rebrand to reignite retail interest?

Delisting or cash raise is my guess.

Indeed - there will always be people talking the company down as you get in most chat forums, but for me there isn’t a better oil company on AIM imo. Supremely profitable and strong likelihood of new deals (if not then I suspect dividends or buybacks will be on the table). Paul / Ian / Anastasia know what they are doing. GLA

£109m mcap for a company which has circa £20-30m net cash after august lifting, no debt, assets worth £250m and a FTSE100 calibre board. Bargain right now.

Lovely bit of jam and a new low for the share price.

A stampede for the exit right on cue

Bad finish expected today as the traders who have been pumping this all week sell out. Wouldn’t be surprised to see a placing RNS on Monday

Due diligence done now need to find £7.5m cash to pay for the acquisition. Rather large elephant in the room

No point investing now imo. No clarity over how they intend to pay the £7.5m cost for the asset, let alone the £8.5m worth of dilution to anyone buying now. The whole reason companies list is to access capital, and you’ll not find a single listed non producing miner who doesn’t raise cash periodically. Target placing price 0.6p IMO

Company hasn’t got enough cash to pay for the deal. Placing certainly coming imo