Member Info for Jungmana

AGM on Thursday and investors meeting after that . Lots of significant news due in the short term.

Imo could easily be £50 million market cap in a few weeks.

Nick, I can't see this going below 20p with Q3 just round the corner.

Imo is Edale selling and had just 2.65 million left as of Thursday.

You can use the auto translate feature to English subtitles.

Good informative video for anyone new to the company as is new ( only done 5 days ago)

This is in Spanish and the guy has a good following of investors .

https://youtu.be/UcisdvDMUdo?si=-qyqFr2QUmgrWA8u

Imo this could be the best exploration company to invest in right now with lots going on for a GBP 10 million market cap company.

We should soon acquire discovered resources which is very significant in building the company quickly into a producer without exploration risks.

Lots of pi's still building , free float getting even tighter and large shareholders also increase from recent tr1s.

Personally I would love to have 1 million shares here soon and have about 200k to go.

Amazing opportunity at this level imo with lots of important news due over the next 2 weeks;

"Progress continues to be made on the Company's Block 2A (52.5%, op) located offshore Sarawak in eastern Malaysia.

Detailed mapping of the giant Kertang prospect is nearly complete to support the of identification of an optimal well location to safely test the multiple horizons with hydrocarbon potential. It is anticipated that a final well decision will be made in late 2024 or early 2025.

Due to its importance to Longboat, the Company has recently commissioned ERCE to undertake a competent persons report to confirm the potential size and risk associated with the giant Kertang prospect, which is believed to be one of the largest undrilled structures in Malaysia. Longboat intends to publish the results of the CPR when available in the next few months.

In addition to Kertang, Longboat has recently completed a key exploration review gate with PETRONAS where additional, significant prospectivity on Block 2A has been identified. Two areas of interest have been delineated: firstly surrounding the Kertang structure, where several large structural closures analogous to Kertang have been mapped and secondly in shallow water, in the southwest of the block, where the continuation of a play that has seen several notable recent gas discoveries made in younger, shallower horizons to the south of 2A.

Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A and the Company is currently planning on running a farm-out process later in 2024 to identify potential partners for the block.

In addition to its exploration efforts in Malaysia, earlier this year, Longboat executed an Area of Mutual Interest agreement with another E&P company active in Malaysia to pursue discovered resource opportunities ("DROs") being offered by PETRONAS. The companies subsequently made an application for acreage in shallow water offshore Sarawak and should the partnership be successful, the DROs are anticipated to add significant hydrocarbon resources capable of near-term development to Longboat's growing Asian portfolio."

Stuart yes I was a holder of UPL but I sold out last month after being fed up with lies and delays in getting their psc.

Is it not a ok to change your mind and sell out if you feel the company is not delivering as promised?

For over a year UPL management promised psc and we are still waiting, no project presentation, no 3D, no cpr and no jv.

Stop this stupid childish behaviour.

End of topic.

I was not the only one then. I tried to buy 20k shsres in the last 20 mins before close and could not get a quote with IG

And this too, exciting week ahead anyhow even if the CPR goes into July. The agm and meeting after should provide lots of information.

"Longboat is pleased to announce that it has provisionally been granted an award, subject to the successful negotiation of certain key contractual terms, for acreage in shallow water offshore Sarawak containing several material, undeveloped gas fields capable of near-term development. These resources are an important addition to Longboat's growing Asian portfolio."

 

Will be good to have the CPR before Thursdays AGM;

"Multiple large companies" in that area, Total, Shell etc

"The Company has recently commissioned ERCE to undertake a competent persons report ("CPR") to confirm the potential size and risk associated with Kertang, believed to be one of the largest undrilled structures in Malaysia. It is anticipated the CPR will be published at the end of June.

 

Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A. Having consulted with PETRONAS, the Company now intends to run a farm-out process during H2-24 to identify a suitable partner."

 

I think you have a 10% chance of ever having that psc. Do a critical research into all communications here over the last 12 months and don't just accept their words.

Any new photos of them sitting around a table?

Good luck

I think you have a 10% chance of ever get that psc. Do a critical research into all communications here over the last 12 months and don't just accept their words.

Any photos of them sitting around a table?

Good luck

Looking forward to next week and hopefully we see a FOMO Friday today',

With the likes of UPL at market cap GBP 40 million , BOIL at GBP 23 million imho LBE is cheap at GBP 11 million ( 20p). Just to give examples compared to 2 exploration companies also operating in south east Asia.

At 7p was simply priced to go burst.

Depending on the DROs being acquired soon and numbers from the huge block 2A CPR , this could be multiples of todays price in the very near future..

Only 58 million shares in issue and big hitters taking more off the free float. See the tr1s yesterday .

Lots of information due within next 2 weeks that may send this to 50p + quickly.

GLA

30p ( GBP 17 million market cap) next week and that's still about half the market cap of UPL.

Too undervalued here with the projects and imo 100p may be here quicker than most think.

1. "Multiple large companies" in that area, Total, Shell etc

"The Company has recently commissioned ERCE to undertake a competent persons report ("CPR") to confirm the potential size and risk associated with Kertang, believed to be one of the largest undrilled structures in Malaysia. It is anticipated the CPR will be published at the end of June."

2 "Longboat is pleased to announce that it has provisionally been granted an award, subject to the successful negotiation of certain key contractual terms, for acreage in shallow water offshore Sarawak containing several material, undeveloped gas fields capable of near-term development. These resources are an important addition to Longboat's growing Asian portfolio."

 

 

Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A. Having consulted with PETRONAS, the Company now intends to run a farm-out process during H2-24 to identify a suitable partner."

 

At £ 40 million market cap there is no credible reason why UPL is worth 4 times LBE today.

If its worth that much then LBE should be worth at least £ 80 million.

Market cap at 20p will be about £11 million. Just too low with block 2A on which cpr is imminent.

Not to mention the DROs we are acquiring soon.

See UPL jam tomorrow rns today and they have a £40 million market cap and have no psc, no cpr till q4, no jv, poor management

Brilliant acquisition and we will be drilling there immediately following the Ingomar Dome well in Q4.

Well done to Bo and the team.

Still no psc, cpr push back into Q4, no jv and looks like drilling won't happen till 2025.

Am afraid just same old promises imo.

Should open blue and imo should rise above 20p tomorrow.

Heading for much higher share price in the short term 50p+) ie £30 + million market cap .