Member Info for munchbox54

Echo. The damage of covid has been priced in. But let me tell you one thing..... the amount of people including new first timers waiting to join gym is insane. Look up a report .... google it and it says gym re opening searches trampled pub opening searches by 2000%. Yes2 thousand. Because people who didn’t go gym have put on weight and are ready to Join. I can see explosion of new people coming to gyms and that means more money for this Compsny.

Expect a 5-10% rise tomorrow here.

Gyms open from 25th July.

2 weeks time. Boom time for the sp. can see aggressive marketing will start to get customers doubled up.

Can see £1.80 by end of this month.

Looks very good especially with the volume. It’s a key indicator when deciding a movement that’s weighted and is sign of momentum in direction to come.

Although I agree with haggis I must admit you sound like a damp squid. This is not speculation..... this is real and the deal is going down. If you want speculative then there’s many others that are worth a PUNT !!!!

Key sign of a deal ??? ..... if £1.20 on the ask is breached today then consider the deal to be announced immediately

From wed 02:23am ....

They will go for a min 10,000 bopd asset in my opinion. Mid size produce looking at 30,000-50,000 bopd so on average if they do 3 deals then each has to be min 10,000 bopd producing Asset.

I know are starting to repeat posts and sound like broken records but the opportunity here is simply amazing, Looking at £1.10 breach on the ask this week.

Looks like I got the £1.10 bang on ...... imagine if I get the acquisition bang on and they have gone for a monster .... this is about to blow higher. Hold on.

Future truth. Time to put you straight mate.

Faroe was a PURE exploration play..... so they kept raising money to drill.

They floated at £100m market cap and got sold for £600m

The sp floated at £1.04 but you forgot to mention had an all time high of £2.64 so only a 160% increase.

They took the long way round with Faroe and experience has shown them they can do it better and quicker this time as HH SAID is his interview.

Finally these have 10m shares in issue so whilst the low shares indicate a very high SP one can not forget that the current £10m market cap is fully backed by cash in bank of 90p.

This is a different beast. Rns due very soon then you can decide if your Faroe was a hardly a deal of the century or if the gains here will keep you out of debt fir a century. :))

Ps. Hope I cleared that up in a nice simple and easy way.

Tony loool. It’s guys like him the markets love. Investing is definitely not for him.

Mrmacduff. I think if it was in any article that they were planning a 10,000 bopd awuisition then you would have a sp of £3-4 before any rns.

It makes logical sense, if your investing and suddenly your getting twice the return for the same Money outlay then you take it.

The concrete fact is 5,000 bopd would have cost them before covid as the same amount 10,000bood would cost them post covid.

Everything has been devalued in the North Sea and across all oil / gas industry because of the price drop and now general consensus after the volatile oil price fluctuations.

Perfect example is a Energean agreed to buy Edison e&p oil gas assets @ $850m .... they have excluded the lesser assets of Algeria and Norway .... still buying the same production of 50,000 bopd and all the main reserves /assets remain the same for ........ wait for it ...... $276m. Like Wtfffff. They have basically reduced the price by HALF A BILLION dollars.

What’s scary is I know for a fact hedge funds are pssssssed off for missing the rally and what’s really frightening me is if HH has $300-400m at his disposal then god knows a 20-30k first acquisition could easily be gotten. Hold for gold here lads.

Cheers wisha.

As I said the only reason for the delay is they have gone from 5,000 bopd pre-covid to 10,000 bopd post covid.

Best thing about this is not only production Target doubling but the 10k will cost the same as the 5k would have 5 months ago.

ToD. I respect that but don’t you have any comments towards the strange trading pattern and sp ??? No movement at all last 4 months ?

At this rate £1 seems likely to be hit in 2025

HH states it will take 2-3 deals to become mid size producer ..... do why the delay ?

Perfect explanation is they spoke to companies and looked at 5,000 bopd Asset as a first purchase .... however COVID CHANGED all that hence the delay.

They will go for a min 10,000 bopd asset in my opinion. Mid size produce looking at 30,000-50,000 bopd so on average if they do 3 deals then each has to be min 10,000 bopd producing Asset.

I know are starting to repeat posts and sound like broken records but the opportunity here is simply amazing, Looking at £1.10 breach on the ask this week.

God forbid if the backers turn around and say .... we have missed out on the market rally in general so here’s $400m you can have towards a purchase .... uuufffffff £300m can get you more oil than you can wish for and the sp.... well forget it.

Remember guys they were looking at Up to $200m Before covid .... I reckon they can bite bigger because the assets are cheaper .... the backers know this and having experienced the success with Faroe they may just hand a blank cheque to HH because most funds have missed this rally .... tick tok

Duster. Exxon’s portfolio is north of 1.5billion but a few fields is easily possible for LBE. Especially when HH keeps mentioning the US majors are leaving. The more you listen to the interview the more you get convinced the deal is done. Just need to sign the paperwork. Ohhh and now it’s a 50% reduction in asset value because of covid.

20% free float. Are you serious ? These should have been £1.50 with today’s buying. I can not wait for the deal to be done. All the big boys backing the BOD. Can see 10% again tomorrow. Surely deal must be close. They confirmed it will be a producing asset !!

One of the many on fir sale :

25% of Tolmount. Cost £150m. 14,000 bopd.

Exxon fields : maybe 2 or 3 fields for a total of £100m ?
Production 8-10,000 bopd ?

Edison’s Norwegian / North Sea assets that Neptune energy pulled out on the deal. £180m ??? 20,000 bopd .... too big ?

Pmo looking to divest small non core assets ??? Could help them raise £150m towards purchase of shearwater from bp.

Many of the others are just too big.

It’s being held back. Keeps going to action every 3 hours. No doubt we will have price monitoring rns today after the close.

Now one deal has been done it will be a race to get other deals done. Best thing about us is we are looking at a small £100m catch yet still will be 10x current value and easy to negotiate and Re-list with less complications.

They are holding this baby back big time. Still can’t help but think the 25% of Tolmount that Pmo gave up is up for grabs $150m producing 14,000 bopd is the perfect starter.

Not to mention they all end up getting roughly 3% of the Compsny if it hits £2. They don’t need to hold any real % now because that would also look like they doing it for themselves.

Today’s rns also says their incentives increase again in future so they will end up getting free shares and 15-20% of the company without paying a penny for it.

They have every right to get the sp way above that £2. And beyond anyone’s guess. I think a 5,000-10,000 bopd assets will be a £100m value. So 40m shares at £2.25p a share raise is easy to acquire them......alternative is 20m shares at £4.50 with other half debt.

U can see where this one is going !!!!!

Don’t forget dividends within 12-18 months and suddenly you have that mid tier producing company they have told us about ..... at what sp ??

Ridiculous downgrade by the conmen RBC They reduces the price from £11 to £7 because what ? They paid $466m less for the same assets and fishy buy Algerian and Norwegian assets. Classic case of fill your boots. Watch how big boys increase holding here. I certainly am.

Look at my post history.

I posted last week that it’s imminent and it was.

Don’t forget my tips lads. Loooooool

Probably was rushed but the fact is they are getting all the benefits / incentives out the way before they announce the deal.

They Announced them at doubling of today’s price Suggesting they know £2 will be exceeded.

How could they do a deal .... relist at £5 and then say .... oh we have our incentive shares at £2 lol. Market would hammer them and would not be professional.

I fully expect a deal to be done within 3 weeks from today.

Have 25k shares here. Let’s go !!!!

Well if you can read Olson English then they are telling you £2 is coming very soon.

Infact they quickly got this out the way for when they relist at £5 these incentive shares can be triggered and they instantly make millions. Great thinking. Now let’s make some money. Can see strong tick up today.

Rockrose money coming over here today. Can see £1.20 breached.

We need to do a deal and acquire another asset to fend off shy predators

DEAL is AGREED. Stop fantasies about bidders lol. Move on. It’s over. AA sold us out on the cheap. Got his money and everyone is going their own way. There was nothing happening and only Arran news was due but coming online next year.

I repeat ... ITS A DONE DEAL. ITS OVER