Member Info for Urraca

If you search SEA you’ll find the page on LSE, together with the RNS announcing this. Amusingly the historic RNSs below belong to Lansdown Energy - Irish Sea company

I did wonder if Petronas wanted the farm out sorted before awarding the DRO.

Don’t bank on Jallus having a clue.

Probably best sticking to HEX, Jallis. They’ve removed all uncertainty with their drill. A metre deep wasn’t it?

And yet I’ve seen WJ hoarding up around a big, on-going building project in Cardiff. So the Welsh Government have not stopped them building here.

Good to see a decent rise on a relatively small margin of more buys than sells. Looks like Jallis gets their kicks from waving the shroud of equity raises - was banging on about it relentlessly on the (former) Baron Oil BB. Jallis has also conspicuously overlooked a potential 3rd source of funding. So is either being very disingenuous, or has not bothered to do basic research on LBE before turning up to scare-monger.

Who bought 400k shares today?

And then the seller wakes up.

Announced some more DRO PSCs today. Sadly, not ours yet. They do say though:

"In the coming weeks, PETRONAS will be signing more MBR+ PSCs. Introduced in October 2023, MBR+ complements the annual Malaysia Bid Round licensing providing an additional avenue for investors to participate in DRO and Late Life Assets in Malaysia."

I had hoped we would converge with the UPL market cap by way of our own market cap shooting up.

The threshold was crossed on 11th, so this is almost a week old. There's still been selling. But also careful buying, keeping the price stable.

I'm hoping they were in a hurry to announce this because they're on the brink of signing off the DROs, and this strike price would have looked a bit greedy in light of the resultant SP.

I don’t mind options per se, but a demanding strike price helps incentivise performance. These are not demanding or incentivising.

Deeko, i haven't been able to find anything specific about the DEWA complex or Ketapu. But I note that the average size of the Malaysian Bid Round (MBR) awards is around 20million boe. So, if Longboat get two awards, and very conservatively assuming they are only half the average size, that would give us ready to develop reserves of around 20m boe. And hopefully that is the base case.

Good points SaintG. I'll just note that Labour (and Starmer himself) were advocating longer, harsher lockdowns, and greater Government largess, so the National Debt would be significantly larger had they been in power during Covid. Also Ed Miliband's declaration that the UK will lead the globe in seeking to control the climate should send a shiver down the spine of any company and family that uses electricity.

Notified he was over 3% (just) on 9 June last year, when sp was just about where it is now. Since then he seems to have built his holding to almost 5.5% - don't think I recall see any notifications about that - and has now cut back to just under 4%. So perhaps he traded the golden opportunity from the end of May to mid June to increase his holding and cut his average.

Valueseeker, to be honest GDR is not a share to flaunting to demonstrate investing acumen. It has seen value destruction on a far more epic scale than LBE managed.

Yes, all good. They said they expected to be saying a lot more about the DROs from mid-summer on. So from around two weeks? Mid-July is mid-summer? Great news on Kertang.

Upstream are reporting speculation that there's going to be a big reshuffle in Petronas top management early July, so it's just possible they may hold back announcements until the new people have taken up post. That would affect the DROs if so, but not the CPR. Just flagging the possibility.

OMG bigbench, are you really still here? Come on over to lbe and make your losses back. Five bagger this year from where it is.