Member Info for tuscany1

Https://www.channelnewsasia.com/asia/malaysia-sarawak-petros-petronas-gas-trading-abang-johari-anwar-4518981

Its partly related to this .I think they will find a solution next month but its all rather tedious,

So much for the Duster nonsense posted yesterday on Twitter

Winnifroth doest like it..and said so yesterday

Https://www.investorschronicle.co.uk/content/7af95f80-a868-5a79-ae7a-a93977e80e79?

Still ludicrously undervalued since their existing current cash will be around 1,5M£ to 2M£.

Add on the 2;5m$ from the deal and you get cash per share of 6;5p.

Or an enterprise value at current prices of 1,5M£

Https://finance.yahoo.com/news/chevron-entry-pel-82-181900685.html

Https://www.voxmarkets.co.uk/articles/lunglife-ai-unlocking-value-in-lung-cancer-diagnostics-1beb9f9/

Im still buying at 46p ..ludicrously under valued given the science, institutional holdings, and BOD members.

Due next week

Https://www.youtube.com/watch?v=uESpduV_Vzo

Investor Meet recording

Https://topaz-energy.co.uk/wp-content/uploads/2023/06/SEAPEX-2A-PSC-Malaysia-an-undrilled-giant-Edited-.pdf

https://www.lse.co.uk/ShareChat.html?ShareTicker=LBE&share=Longboat-Energy&thread=C818FED1-8CA0-47E0-8842-B2B9B01B7AF8&reply=true#posting-rules

Seismic is intriguing (from the original farm in in February)

Window for Velocette spud is 20/7 to 20/8 so quite conceivable we could be drilling Velocette in 4 weeks time ..

Thanks for posting...Thats a very compelling business case laid out before us.

Https://www.upstreamonline.com/focus/longboat-chief-helge-hammer-has-high-hopes-for-new-japan-venture/2-1-1457093

Anybody got a subscription?

Https://www.rigzone.com/news/norway_set_to_earn_over_200bn_from_oil_and_gas_in_2023-17-jan-2023-171750-article/

Very interesting background on the Norway oil/gas environment

Cenkos comment.

Lotus Rig Selected The Deepsea Yantai semi-sub has been selected for the drilling of the Lotus (Kjøttkake) prospect in Q3/24. Lotus is situated 4kms southeast of Longboat’s Kveikje discovery and is estimated to contain gross 27mmboe (Longboat net, 9mmboe) of gross mean prospective resources, with further potential upside estimated at gross 44mmboe. If successful, Lotus will form part of an area cluster development and would substantially add to Longboat’s existing discovered reserves in the area.

We reiterate our BUY recommendation and our 66p price target (comprising 41p of core and tangible business and 25p of risked exploration).

 Lotus Introduction – Lotus is located in PL 1882 S, which was awarded under the Norwegian 2022 APA Licensing Round. Longboat was awarded a 30% interest in a firm well on the Lotus prospect, which lies 4km southeast of the Kveikje discovery and is expected to contain analogous injectite sands to the sand encountered in Kveikje. An exploration well is planned for Q3/24, targeting 27mmboe of mean prospective resources (9mmboe net) with further potential upside estimated at gross 44mmboe. The Lotus prospect has a Longboat estimated 56% chance ofsuccess, with the key risk being hydrocarbon retention.

 Lotus Valuation – On a risk adjusted basis we value Lotus at c8p net to Longboat, using a 56% geological and 60% commercial chance of success. A successful discovery at Lotus would increase this valuation to c14p (net).

The Rig was engaged lasy year by OMV ,It will spud in late summer I assume september.

AGM will have more details...

Annual General Meeting, to be held on Thursday 22 June 2023 which is also available on the Company's website at www.longboatenergy.com

Following the Annual General Meeting the Company intends to present an /updated corporate presentation via the Investor Meet Company platform. The online presentation will take place at 11.30am on 22 June 2023 and is open to all existing and potential shareholders.

Https://www.marketscreener.com/quote/stock/SYNECTICS-PLC-4002251/

Very cheap on fc metrics

Https://masterinvestor.co.uk/equities/longboat-energy-a-jolly-good-deal/

https://www.youtube.com/watch?v=xT3l6ATN-Ak