The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
With the new GGS installed and reported to be working as expected, coupled with production not rising. And referring back to a previous member's post suggesting that the 'Taps' haven't been opened up yet. What's the feeling that this is also part of any suggested deception by the company to orchestrate its eventual demise ? - Just doesn't make sense that it can't get back to previous production heights !
I'm also interested in these 2 confidential wells.... I thought they were to serve / confirm flow rates for the discovery to assist in JV negotiation... Now no JV, what happens to the data for these wells ? - Apologies if missing something ?
I really hope we don't get a set back like last year due to the weather ! We have very little wiggle room with funding only secured up to end of Q1 2024 ( as I understand it ? ) - If we don't get above the magic 2000 blpd before then, I fear that the sharks will start circling, if they're not already ! ( in the form of certain suggested major perhaps ) - Let's hope not. Had another little top up today and will continue to where I can at this price....
Good luck all painfully wounded LTH
"Excellent summary SeaHawk, only thing I would add is that with all the activity in O&G at present, Take Over by Major can’t be ruled out."
Could explain the lack of care and attention to BAU admin stuff like updating the website etc. Why bother with the effort and essentially spend if the jaws of a bigger fish are closing in ??? ;-)
Anyone else slightly concerned that since the bombshell RNS of 1st Feb and subsequent SP crash, that no other comms since then has mentioned the progression of JV talks ? Even to state, as they have done on all previous Ops updates, that they are ongoing… Not a deramp at all, I’m just another slightly concerned, but optimistic LTH with a lot on the line, interested in others views on this almost 2 month JV news draught… I get that they are under NDA, but hasn’t stopped them repeatedly confirming that negotiations are ongoing… Not a mention of this now for a while. Squeaky Bum time for me !
Sat on 1.6bn barrels of the good stuff
Approached by major ‘listed’ Company for JV agreement
CEO purchases a good wedge of shares
Need there be any other argument ? … I’m staying put with my holding… ‘listed’ company will want the lion’s share of our FD asset… big bucks will be paid… SP will reflect this… eventually !!