Member Info for kr1988

Thanks goldblend that makes sense.

I’d say so yeah, bet is after bills and taxes so I guess it’s fee cash

Apparently they need to swob it…… the bb arnt sure what this means but one idea is that they have gone through a water seal so the gas can’t go up. They hope by stopping the water the gas can flow and the pressure of the gas stops the water coming back.

Could be wrong but that’s the idea

This down 20% from when I brought, needless to say I’m gutted about this lol fingers crossed it will recover in the coming months as we build up towards mou 5

It seems cheap to get 80% of the company for a million…..

I tgink there are 5 heron wells planned so 300 each that’s 1500 so Heron will be massive for them. I hope they do 3-5 next year rather than going after wild cats it’s safer to build from the known locations rather than going off in different directions.

I can’t remember I think when they did the flow test they achieved over 800 whilst we don’t know how long a time period that was over.

We’re expecting 800 plus bpd from heron, anything much lower and the market won’t be happy….. too much risk right now more likely to drop than go up.

Not sure about then two other wells.

I think sometimes it’s smoke and mirrors, we are now being pushed towards ‘clean’ electric cars however the lithium to make them makes it worse for the environment compared with internal combustion engines.

If we stop producing oil and gas we will be at the mercy of countries like Russia who can charge what they like. Green protestors are being very narrow minded

Well look at Jse, on expectation Montana was coming online it reached 80-90 pence but once it’s online drops to the 30’s. It’s strange how it works this market

Well I guess the gamble right now is that this company makes a bid for the company in the short term. The mining licence is difficult I can’t see it coming until next year now however it could drop at any point. I think parliament ratify the licence nothing more so it’s more of a rubber stamp rather than anything more than that so I can’t see it not coming through

Yeah I’m tempted myself tbh dai don’t invest as you know anything we go in together fails

When are they planning to drill?

Fair enough, when did you jump in?

In theory the SP should rise but right now I guess they have issues around the land permit and the final agreement with PC.

Maybe next year when they go after Heron 3-5 they might get more investors in but for now I think it will remain under valued as people will over look it unless they start to pay dividends or do more wells to draw investors in.

As they have over 30% holdings I think they can make a hostile take over now, im not sure how itsdone or timelines but one could be imminiant especially whilst the SP is so low.

Thats a bit rise this week, 15 pence to 38 pence currently

It be a bit harsh for the lth but like you said anyone late to the party will do well. Its tempting to buy in for a quick 30-40% gain.

Have they changed their ticker? I cant find LBE?

Im surprised the SP didnt drop further today, Id expect another bid to come in but will rthey go as high as 30 pence like before or will they low ball the investors and go say 20-25 pence?