Member Info for leftitlate

Nice to read another piece out in place. ECO took some time to get their house in order following the heavy oil drops. But without doubt now, they are a far stronger value proposition for investment and shareholder value. Let’s see where we are at the end of September…

@Oiltdr I agree in the principle of what you say. There has been a route provided, but AB has grown the National O&G knowledge and infrastructure in TL, he’s been naive to greed and positioning.

The reality is Sunda have failed to deliver a major and hugely important milestone. The TL government via ANP have a chance to regain control of this asset once more; this time with increased knowledge and experience to monetise it.

Without another repeat of TL funding and further dilution of ownership for Sunda, I fear it’s gone!

Simple facts that Baron / SNDA has been a consistently poor investment for many, many years. Now some may have traded some free carry on this over some time, but I’d be surprised if the money made would match that of a solid fund.

AB has superb local and regional relationships, but these are of little use when up against a govt. that cannot make its mind up and blows with the wind. SNDA is a minnow, with terrible cash flow, albeit NZ may now provide a steady drip in future years - but this share will be hit again several times before ANYONE can think about LT shareholder value. All of course IMHO, but minnows get eaten or beaten all the time on AIM. Stay in till you’re happy, or cut and rebuild - no point moaning as you make a conscious choice to be in or out.

So say goodbye to the trainer pants ans big boy pants all the way.

Not sure why but when HFB posts like this it makes me nervous.

My position remains unchanged from previous posts - their is potentially significant value to be had here but the SP will be shaken hard first.

I think our drill date is moving back once more as with no news 3 weeks into Jan and a Q2 timeline - struggle to believe.

I was hoping AB was different to our previous robe wearing bedroom CEO. 🙄

We’re at the most critical stages of negotiation with partners. Though we need to understand that there are lots of sharks in this environment of track records of screwing the wee guy. Our challenge is we’re not just a wee guy as we have the TL backed partner who’ll not want to agree to a bad deal….this may be our saviour or indeed or cross to carry. Time will tell.

I agree that timings have slipped vs. Communication but some serious work (I truly hope) is being done right now to secure future shareholder value.

Malpenn - I’ve seen several exclusive windows smashed. I’ll wait for the fat lady, oh and Benny to hit the top of the bloomin’ mountain. 😉

As previously posted. Shakes and proper negotiations to come. In agreement with HFB’s and Jarv55 on this?

Share consolidation is a given here, and there will be dilution to come as the JV fully enters. The management will take options through a deal and be fine. It’s us shareholders that now that need to be confident in the forthcoming negotiations (and relative skill base of our SLT to do so).

1-2p is indeed a realistic end game (vs. pre-consolidated SP), but there will be some that believe there is more on the table than that if we play our cards correctly. IMHO I’d be hoping for 1.6p - 2.3p with funds for future Asian adventures.

But what do I know as a simple PI. Best wishes all LTH’s.

Yep good find Kylie. Though our fundamental challenge is getting the gas out and to shore and with a partner willing to fund via carry. Many talk of the FLNG option, but there’s only a handful across the world and new ones are far from cheap to build. So where’s the route to monetise, as our growing 40% partner seems to take more than they give (currently). I appreciate Andy has done a better job, simplifying our options and proposition but we need a step change from someone / somewhere. Keen to know LTH’s thoughts.

Is anybody there….Sydney? 😂

🌴🌴🌴 shakey shakey? Or 💦💦💦 leaky leaky?

Facts remain nonetheless..

A tremendous asset, with interest increasing, a better board, improved PR and a robust shift in name & focus.

But who can turn the Dick & Dom / Ant & Dec of TL around to see the viable and available option sitting right in front of them. One which can turn their ST finances around!

Well know soon enough.

When directors are buying then there’s no material news for a month. Though that does put timing for end of Q2 for a potential announcement ….I wonder what could be due 😉

I don’t want to state the obvious here, but we’re all invested in a tiny MCAP exploration company. If any of the larger O&G firms are interested they will squeeze us very hard indeed, as we need them more than they need us. This is why our BODs needed to be changed as Yo-Yo was MILES out of his depth, AB’s changes and relationships should see us well. But some need to be very honest with their evaluation of what we’ll have left post any carry deal. This is no 50x bagger nonsense. But it will be a reasonable return and better than 95% of funds over 5 years IMHO.

You can always tell it’s the end of the week when the tea leaf day traders spout their nonsense. The only moves that most on this board care about are significant ones. Each of which will be driven by real news, not what the charts say, or a crystal ball. 🔮. However when that news comes, it will be leaked, so expect the tree shakes, for the MM’s to sort their Pals out from ‘down at the club’. Hold firm, it’ll be a gas!!

In the grand scheme of things. We’ve seen some changes in leadership and IMHO we have the right CEO at the helm, we now have sole focus in the region and the right assets. Noted re: CFO from people but I believe in AB. This will be a very different SP in 6 months. GLAH

This week will tell a lot IMHO. Subject to back room boss not making an ar5e of F2F discussion at events this week (eg with senior LDN people) I’d bet but we’ll have a rocky SP as people try to capture shares. MM’s will earn their money over the coming weeks (again).

Wishing all Boil holders a lovely festive season.

With that crystal ball you should be long retired in the Seychelles. Not sure why you bother posting here? 😉

I agree Filthy. The RNS news is positive and out first of hopefully several yes decisions from the TL govt. Our investment in L&D for the industry in TL has served us well. Full inclusion in our plans and development with them also helps raise the floor/bar on the island. My only minor concern is our CEO ensuring that we are fully covered in event of big money coming in from the East and that shareholders receive the value our assets deserve. AB has always impressed me, as you can probably tell, our CEO needs to show his worth in the coming 12-18 months - and I’ll be delighted if he does. Come on Yeo-ho-ho it’s Christmas soon!

Well what did I type yesterday about words and sentiments…..ignore that for you Pass. I’ve enjoyed the posts and chatter and without doubt you’ve added significant value to this board. Now for Yep-Ho-Ho to do the same for his board (and investors). Sincerely, ATB Sir. 👏🏻👊🏻

Collaboration and sentiment is lovely, however action and agreement is what we need. Many “x” rampers are positioning the drill or drop as make or break for BOIL. So all the talk of getting ready from Yeo will need to align VERY quickly…..this is where he earns his salary, or we need a new CEO, as it very much seems AB is the only one doing the do here and there.