RE: Partnerships24 Sep 2025 12:20
Just checking back in as I still keep track here with company releases. For the record I have no skin in the game here after selling a long time ago now, at a significant loss.
What I am surprised about is the current low share price, with the forward looking project potential. The SP is lower than when I exited, so I feel for LTH's. Reading the report (can see why they haven't rushed to release this one) losses aside I think it's positive that they have been able to not only maintain but slightly increase production without new wells being drilled. However, I see that this is still a jam tomorrow play and even if this slim hole drill is successful they are still not making money on $60 oil or $4 gas. Clearly advancing the latter projects has come at a price to fundamentally pause drilling in the present.
Anyways would I invest now, honest answer no. I have no love for PH. I think if you get groundbreaking revenue changing news that will be months away. It sounds like the P3 farmout won't progress until P4 is signed off and ratified by the Georgian Government. The CCS is anybody's guess but again months away.
Good luck to all long suffering holders here, hope they do surprise you with an early RNS but I would imagine anyone who's aware of what's going on at Block won't be in a rush to take a position just yet.