Member Info for Savv

Don't worry - results are not going to be leaked - the whole idea is a complete fallacy. Being that it's a criminal offence to leak inside information, properly run LSE companies are extremely diligent when it comes to this. Drill results will appear out of the blue as an RNS - any share price move before this time is based on pure speculation.

Thanks for sharing. A sensible opinion.

14 weeks to drill!?

Results from Kveikje some time next week if all goes to plan.

Can we thank you for the 0.82% rise today? :)

That statement alone from HH might be the reason for the dip today! So frustrating to hear! Was bloody obvious to everyone but those guys that the oil price dip was temporary. As much as they spun their usual schtick about looking for the "right opportunity" I think it's safe to say there will be no production deals (except maybe swaps) anywhere in the near future. It's finding hydrocarbons or bust for Longboat. Saying that, though, the potential rewards for a decent discovery or two are large so I'm staying positive.

There was a dip before Egyptian Vulture too. I think it's just shareholders who are frustrated at the glacial pace of company progress and making use of the recent share price "surge". I'd be very surprised is there wasn't positive news from Kveikje.

I wouldn't say they were arrogant. Inept, perhaps?

Wonder what they're smoking?

Hi all, here's a summary of what's to come exploration-wise in 2022:
Kveikje - 1 in 2 chance of success targeting 5 mmboe for Longboat
Cambozola - 1 in 6 chance of success targeting 40 mmboe for Longboat
Copernicus - 1 in 4 chance of success targeting 25 mmboe for Longboat
A roll of the dice.

As we've seen with Egyptian Vulture the market is indifferent to oil in the ground and hypothetical value. They could find Flight 370 and it would make no difference. These exploration plays are meaningless until they start generating cash via tangible assets. We’ve seen the share price of other new companies in the sector double in the last year while LBE are plodding along at a 40% loss since IPO. In the past I've heard a lot of people talking about "a great management team" but there has been absolutely zero evidence of that so far.

I agree, Ash.

Not easy just to sell up and move on for those on 20-30% loss.

*Ingrassi

The LSE interviewer did a good job on the last one so interested to hear what Mssrs Hammer and Ingrasia have to say about the current predicament.

Let's see. They haven't covered themselves in glory up to this point. Overpromised and underdelivered.

We could've found Lord Lucan and Shergar in Egyptian Vulture and still not gotten past the IPO price. An unloved stock but hopefully not for much longer.

Keep the faith, friends. Insider trading is a myth designed to scare private investors at bedtime :) Whatever happens to the share price over the coming weeks will not be a result of insider trading.

A short interesting read about Egyptian Vulture:
https://expronews.com/wells/egyptian-vulture-another-interesting-cretaceous-play-test/

For some reason I always associate an early RNS with negative news but who knows. Let's wait and see.