Same boat Bob. Investments been made on many seemingly false claims and incentives. Nothin yet, atomic, Cuda, discovery has led to any value. In fact, we had a much better sp before we gained anything… crazy really.
The more we’ve achieved the less we are worth?…
Traders have loved it of course. Us LTH are the ones who’ve been made to suffer.
All the facts seem to point in something decent being concluded but we’ve said and seen what happens everytime something is supposed to give us a boost in the right direction.
We drop 60% on being a concern, then drop again for not being one.
True Mcadder, really do wonder about the carbon capture facility / potential as well along side it all. Follow the environmental side of things quite closely, It’s a big deal like it or not, the whole carbon offset thing whether it’s planting a tree, storing carbon or just simply buying carbon credits to offset your own miserable filth looks likely to become more and more prevalent.
Just can’t believe we are 5.5p… 13p seemed a crime, 16p was the absolute flaw…… the current situation for shareholders is appalling and needs to change.
Most of the investment here has been on the false narrative pedalled by Art and just really hope he makes up for that big time.
It’s legal, audits, more legal, meetings, another company or two, their legals, emails, travel, meetings, more lawyers, it’s much bigger than just Art if he’s negotiating with others.
Oil price rebounding, back to nearly 70 bucks a barrel.
All the info in the recent coms keeps pushing finalising JV & RBL. Negotiations have obviously being going on for some time and clearly having a short term cash flow issue did not help Art getting better term, Now resolved!! This is key.
The previous drill was a “game changer” proving up the viability, & the discovery is a mammoth bonus to the existing 40 year “incline curve” production field.
The discovery has now been verified by a third party, production seems to now be improving, financing means we are not now a going concern and we are in negotiations to fast track infrastructure and production.
There’s an awful lot going on which must require some serious back and forth if getting a partner.
As frustrated as I am with progress and performance the above stands. Behind the scenes it’s all going on clearly.
The sp is almost completely disconnected until the RBL / JV is announced.
RE: To sum up today - Breathing Space....20 Mar 2023 16:20
Would like this to have recovered to something like we had so wise before the regulatory going concern RNS, see if any late reported trades indicate anything.
Either way we are no longer that, a few more shares in issue but not bad considering! Especially if we can get some major news to follow up on this. Also Notice oil price is recovering again.
Let’s be clear this dropped half its value in a heartbeat saying this was a “going concern” due to current cash flow issues with winter. In theory that wipe out should be corrected!!!
Rightly or wrongly was put off by the manipulation so sold break even pretty much. Don’t support that sort of insider trading. Trust is important. But will be watching this, interesting but sadly a little shady.
Rules to overcome: -Fundamentals & Asset value versus mcap -Future Potential & genuine growth potential -Quality and integrity of employees - Shares in issue and with who - Understanding of timescales versus day to day - History of main investors - Honesty of communication
It’s a mixed bag.. Think most LTH understand the risks but the potential is strong. If it was what we hope it might become we wouldn’t be buying below £1..
RE: COPL Flaring Extension Granted!15 Mar 2023 09:31
Have to remember that bopd will obviously increase with every new well. If we get decent financing and generate standalone profit then we should see decent growth on proven reserves.
Taking into account they now know how to deal with any high pressure situations moving forward.
Once the equipment is capable of handling better flow rates of course.
We are still “choked” so to speak.
Let’s hope for a run of great updates. It’s about time.