Member Info for pauldrayton

These comparisons are a bit pointless given the difference tax regimes, 2P reserves and decline rates.

Lots of different factors will come into play, not just production levels.

So what you’re essentially saying Zengas is that the Longboat management started the company with the aim of acquiring production assets, only to realise afterwards that they could not compete with private equity after setting it up and needed the JAPEX deal to be competitive.

That would mean they were totally incompetent from the start.

Maybe you’re right!

You’re new here and it shows Zengas. Don’t attempt to give me a lesson on it, I know the LBE history only too well.

Read back through the reports and listen to the old presentations - the board have admitted there were deals to be done although obviously I don’t know the specifics of them.

I know exactly how Sval Energy grew and I’m not saying that Longboat could and would have grown to the same extent, but they were making acquisitions at a time when you appear to be claiming there weren’t any to be done.

Zengas on the one hand you are suggesting there were no deals to be done, and on the other admitting that Sval have turned into a billion dollar company “through a series of acquisitions” during exactly the same time period.

Simply saying they can’t compete with private equity is a poor excuse.

Zengas, have a look at what Sval Energy have achieved during the same time period.

There were deals to be done but the LBE management weren’t up to it.

The share price is 16p because the market has zero confidence in them. Should they put the JAPEX funds to good use I will be both pleased and relieved, but the first 5 years of Longboat’s existence have seen nothing but the erosion of shareholder value - that’s a fact.

Zengas it was never supposed to be an exploration play - that was not the original strategy but they bottled doing a deal during the pandemic and then energy prices spiked leaving them nowhere to go.

You say it beggars belief but £1 to 16p tells you all you need to know.

Chart patterns are relevant to virtually all companies.

To say “this share does not follow charts” is true in that it doesn’t ‘follow’ anything (no share does) but charts are certainly relevant.

They’ve been “actively participating” in deal processes for 5 years now - they just can’t get anything significant over the line. Everything they’ve touched has gone bad so far.

Is it a 2 day hearing LTT? Did you get that information from RKH (can’t see it in the public domain)?

More of the same.

Spend spend spend and no production deal yet.

These lot really are useless.

Let’s hope they can pull a rabbit out of the hat.

We need to see an exploration well in what he coined “the marlon sump”. If that’s full of oil then Isobel is bigger than Sea Lion.

That’s only because Gozzie copies and pastes from here. I don’t think he’s ever got over being banned and now he’s stuck in the asylum where he belongs.

Finley isn’t as switched on as Godders. His level of intellect suggests it could be that drunk bloke gozzie who got booted off a few years ago and now frequents ADVFN.

Whoever it is it’s a very poor effort it has to be said.

Finley - repeat after me: “nobody is expecting to get hundreds of millions out of the Italians”.

Rockhopper have sold the award - what part of that do you not understand? The Italians are irrelevant now, it’s all down to ICSID.

You’d be better off pretending to be clever if you’d done your research first.

No I’m not bitterly upset or angry at all. I’m just amused at clueless amateurs arriving on here thinking they know more than they do.

You’ve already shown us in a handful of posts that you know very little and have nothing to add so nobody is going to listen to you.

You can try being childish as per your last couple of messages but trust me it will get you nowhere here.

Where on earth have you got the idea that people on this board are excited about the arbitration annulment outcome?

You’re not two steps behind you’re miles behind Finley.

Do keep up.

I don’t think Finley knows what he’s saying at all. He’s about 4 to 5 years behind.

Finley you write as if none of what you wrote has ever been considered or discussed on this board. It has - to a far greater extent than your posts.

We are all well aware of the situation, what has gone on before, what is happening now and what might happen in the future.

You must think we were born yesterday.

I think you’d have better luck on a different board Finley.

The good news is Statjford production is now covering half of the hobnob bill.