Member Info for tuscany1

My view is they will have to address the balance sheet above everything else..which is to say they will first of all get 12 to 15m£ cash from Kveikje from an outright sale..My sense is they are discussing value as opposed to whether its tradeable at all.Peeps forget that the oil price was all over the place when they released results.At that point they do not have a going concern issue.So they can do an easy fund raise at 20p plus then we are well into next year with a Lotus drill And some Far east production .These guys are smart ..they have been around ..they will find the best way through

Excellent large contract win today from Blue chip customer.Really undervalued atm.

Bit more from Auctus...In November 2023, Longboat is expected to receive £40.7 mm in tax
receivables and repay ~£36.7 mm current debt.
• Longboat is looking for development/production assets in the North
Sea and Malaysia that could add 1-3 mboe/d.
• In Malaysia, this includes DRO (Discovered Resource Opportunities).
In February, for example, Petronas offered the Chenang DRO cluster
off the coast of peninsular Malaysia and the Bambazon DRO cluster
off the coast of Sabah. Both are shallow water clusters located close
to existing producing hubs that will enable quick monetization. A DRO
operates under a modified version of a production sharing agreement
with the contractor take level similar to Norway (~22%).
• South East Asia is in our view an interesting area for potential
acquisitions. With the region maturing, less appetite for exploration
and ESG pressures to reduce exposure to hydrocarbons, the
traditional asset holders such as Mubadala, Repsol, Shell, OMV and
ConocoPhillips have been divesting properties, sometimes at low
prices

Hard to believe this has a market cap of just £5.5m..
https://longboatenergy.com/wp-content/uploads/2023/03/LBE-Results-FY2022-Presentation-Mar-23-v1.pdf

Sure ..

Which tax take regime are you assuming because your net takes are wildly optimistic.?

They are going to change their business model .It will be Norwegian assets for cash for Asia pacific production.They have more or less told you this already.

You have to understand its never about the price ....its about the value.
Classic Warren Buffet.

Indeed ...check out the Auctus note of 24/3.
You will need to register.
https://www.auctusadvisors.co.uk/research-portal#/portal/auctus-advisors

https://www.auctusadvisors.co.uk/research-portal#/portal/Auctus-Advisors

Auctus Broker comment ..Longboat has reported its preliminary FY22 results. There were no surprises. The YE22 cash position was ~£12 mm, £3 mm above previous indications. The difference is associated with working capital movement with a payment on the Velocette well due in 1Q23. • Longboat now expects the monetization of the Kveikje discovery by the end of 2Q23. We value this asset at £0.17 per share (US$13 mm), which would boost the company’s balance sheet and address funding concerns.

https://longboatenergy.com/wp-content/uploads/2023/03/LBE-Results-FY2022-Presentation-Mar-23-v1.pdf

"The stock market is designed to transfer money from the active to the patient."

Warren Buffet

https://www.youtube.com/watch?v=Q_0f-xtStWA

https://www.investi.com.au/api/announcements/tbn/3a7bd4f2-138.pdf

https://ether-assets.ams3.digitaloceanspaces.com/arix/Investor-Presentation-Mello-Dec-22.pdf

https://melloevents.com/mello-investment-trusts-and-funds/

Has Marsden said when the COPD trial results are going to be released (as opposed to the Covid which we know will be end June )?

Re the Ards trial - SNG have said that if INFb was administered intravenously there would just not enough drug getting to the lungs to be of benefit to COPD sufferers.
See notes of last SNG AGM in June last year either on Sharesoc or Advfn thread.

https://www.thetimes.co.uk/edition/business/new-blow-to-neil-woodford-investors-as-sell-off-fails-wfnsfdnxv