Member Info for steakpie

Ball is in our court and now let’s hope we can grow organically from that ! Growth on income .

No raise! No problem ! I made my point l hope it’s not , let’s see

Video was just what we know ! I said Sunday that raising funds at a Heavily discounted rate dilutes existing share holders as price drops and as video states that some projects flow Subsequently fail that leaves company with masses of shares and no return on that project ! Then it’s repeat ! If we raise this time below last placing price l am in my opinion that this will never in my mind pay my investment back . And l will lose , let’s hope not

Good news pipe connection completed ! Now let’s progress to getting share price value ASAP .

If that actually happens l will be very pleased !
But if and when it happens let’s hope we push our position there in both 145 and 155 as these are assets that should have started to put our share price higher even on speculation ! We have to stop diluting as l have just had enough of holding confetti . Raising for paying rigs to drill to produce our amount makes me feel l should have invested in rig companies .
It’s just covering costs all the time for investors hence the chart and share price .
My opinion my money

Exactly ! What is the hold up to get this historical snail to next seismic stage , if the potential is there we need to get it started one way or other , it’s been on the cards for years with time spent on it which is costing funds l would imagine . If Georgia energy are not going ahead why the wait ! Don’t say money .

The ongoing exploration work programme on EP 145 is to acquire seismic prior to drilling an exploration well. Mosman has applied for the required regulatory and Central Land Council ("CLC") approvals. The CLC has conducted a site survey as a pre-requisite to land access approval for seismic acquisition.October RNS has the result of the pre-requisite land survey been given ? This is as important as funding as this is the opening up of any prospect hopes ?

Ford the add value part of your discussion is the part that l feel in my opinion is the holding back of share price as the dilution of a few billion share on top of the billions of shares current / warrants just looses the appeal of any investor ,simple really .
Warrants are a form of funding but never get to the point of use for raising funds for production as we always raise whenever a new well is projected .

Just let’s imagine the scenario of : as of now we hand 6.8 billion shares and warrants to whatever !
We then raise funds on expectation and report of 1 st drill ,
Cinnabar and work overs etc so more billions added to the above .
My point is where is the expectation to add value without diluting the value as the share price which is just a lead weight to my portfolio has just been allowed to drift lower and lower after each placing .
This concerns me .
Discussion needed in my opinion

My opinion is unless Cinnabar produces above 200 and work overs add to existing tally there is no point in spending 4 mil and maybe more on producing other wells which are only after costs just about cover 4 mil so where after a massive dilution of billions there is no point as the shares are so low now ! Maybe lm missing the point !
That’s in the assumption that each well found 200 and more with no reducing numbers for 2 yrs . - operating costs royalties etc .
My opinion

Yes Botham l feel that over the years the share chart performance or under performance to price is related to placings and this is making LTH as l am diluted to slush . This in my opinion has to be addressed for my involvement beyond position now and again in my opinion l do not see why this is not part of a plan to increase share price . Oil price lately was a saving grace as it helped making our position but this cannot be the only catalyst .
My opinion

Opinion on your post Ford
All the content is based on current or projected data.
Next flow rate news we hope is good or better and any other production is just as is l presume , so my question is : the last section of your post is outlining possible scenarios to if , how , and the dreaded bit placing possibility ? 6-7 billion shares not inc future warrants if exercised ! The placing option as in all the past leaves the share holder out of the benefits of risk and reward! It makes it two tier as the funding comes from 3rd party and get free access to a range of benefits from share holders foundation investment which is investment getting company to the stage of placing ,,
Worst still for the LT share holder is dilution verses production !! Increase of production is limited to flow rates which to date on most production has reduced on past projects Falcon example , then if the proposed plan does hit issues the placing then hits the reduction in share price added to dilution !
So my point of question is if placing is all that is offered to LTH where is the value ! As the + production value relies on share price rise which is just not there and is a LT issue for me .
I have always said consolidation and grow on production especially with increased flow rates if stable .
My opinion

If all continues to add to production and wells reworked at Cinnabar we need to in my opinion fund our growth and build a solid base to support the production produced , given that the numbers continue as good as the RNS states l am sure BOD will have the opportunity to get share price to support LTH that have supported them and are glad to see the positive production now .
Growth part by production is stable and what the market want and us .
Great week on production here

There are posts that just make you laugh!
Read the posters views on there page and make your decision who is desperate .
Good news today ! Long may it continue , BOD show us the results in under a month with no placings and the share price will just have to rise in my opinion .
GLA

The strange point here is ! Georgina energy ! If it’s just a no go why are we still associated with the deal ??
It has gone on for yrs and all l get is it will never happen ?
What is the angle on the association other than the deal never happening ,
Ford your opinion maybe ?

Ford l hope the seas flow gently for you if your not sailing 150 and steady flow of gas to top it .

Seasonal time for investor to get screwed ! Every year the same . My name for them is ! Guess !!

Market makers doing what they know best !
Cheers

Nice to get some numbers before Christmas hopefully . 7-10 days ? Maybe

Mr Harvey has £90 of interest, Not such a great correction . Hopefully that will change ! Upwards l hope but to publish the correction l would imagine cost a lot more than £90 ?