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Then what?

I'v bought back in, at this price its a bargain. They require funding so we can drill the prospects. Another heads up is that Premier Oil are looking for a design team for 7 Falklands wells to be drilled in 2015, complete with FPSO production.

Latest News- Excellent Lochard has commissioned Sproule International Limited to prepare an independent estimate of the contingent and prospective resources associated with nine blocks grouped into six areas, located in the United Kingdom Sector of the Western North Sea. The Company, through its 100-percent interest in the issued share capital of Zeus Petroleum Limited (Zeus), owns an interest in eleven blocks in the UK Sector of the Western North Sea, nine of which were awarded in the UK 26th round of offshore licensing in late 2010 while two other blocks were from previous bid rounds.

Sold my Lochard holding, sat here for 2 years without any significant gains.

Just heard the Lochard annual general meeting is now October.

I think the capacity of the Betty Knutsen is 250,000 bbls. Thats a cool $26,500,000 of oil. $2,650,000 to Lochard.

The shuttle tanker is the Betty Knutsen

No updates, presume that first oil has been offloaded and capital in now in the bank.

14% gain already today, looking good.

Hey we go, the ramp is on, 12p in no time.

It's a decent longer term attractive investment. I'm in again this week for a top up. This is a good multibagger for sure.

It's a good time to buy, the yearly accounts are going to be showing a massive % increase.

It's brilliant, the sells will really decrease the share volumes so the price per share will be increasing. I'm hoping that we see a drilling program from the initial first year oil profits.

The ramp sounds good, looking at up to $300 million of oil from the Athena 10% (2.4 million net to Lochard) and a potential 620 bcf and 74 mmbbl from the Thunderball prospect.The company has very limited overheads. Haydn Gardner, Chief Executive Officer of Lochard Energy Group Plc said: We are excited by the increased size of the Thunderball gas prospect and the oil exploration potential which lies directly beneath it. Both targets can be drilled by the same well with a total depth of 7000ft. Zeus would like to drill this well during 2012 and is actively seeking a farm in partner to offset drilling costs. To date there has been high levels of interest in the Thunderball prospect with numerous parties already having signed confidentiality agreements to review the data room information. We look forward to updating shareholders on progress in due course."

Any indications of the potential price on this share? Are we looking for a rise on FPSO arrival followed by a further rise on hookup.

Current location off Northern Spain. http://www.marinetraffic.com/ais/default.aspx?mmsi=310539000&centerx=-9.800555&centery=42.36227&zoom=10&type_color=8

'Big funds believe North Sea driller’s boss is just too far away in Australia'

It's a low line of resistance in a share that well under the radar. 2200 bbls a day will give a net production profile of 792,000 bbls a year. Quite impressive for a company with hardly any overheads.

I heard 21 days, also heard that the FPSO was still sat in Dubai last week, lol. Expecting at least 34p a share. Havn't seen many ratings yet for this share though.

I have one more buy in on Monday then letting this ride. Its looking like it will be a multibagger. With 2200 bbls a day going to Lochard, looking at a dam good revenue come results. Also with the exploration prospects this could be another Encore.