barno99
03 Nov 2015
Major buyers coming in Nice to see Senator and Credit Suisse buying into the great news flow.I believe £1 and beyond are not to difficult a target with 5.7 billion barrels potential and over 69 owned by Lekoil.As safe a play as you can get at present with massive upside makes this a buy for me.
barno99
09 Sep 2015
Lekoil ready for lift-off This is going to be a super company with oil at over 6000bpd coming out of the ground with just one well drilled to date in Nigeria. Results at the end of the month expected to show a large rise in profits and 3 more wells to come on stream with the same potential as the first..Blockbuster will not be the word and the miserly valuation at present a distant memory.[link]
barno99
08 Sep 2015
100 trades??? Why are there hundreds of trades with only 100 shares a time traded? Anyone??? Very odd....
Juliette
08 Sep 2015
Highlander & DelBoy Trading: thankfully i don't think anyone listens to Highlander.
hobione
08 Sep 2015
Producing oil company Oil flowing cash will flow too and plenty of cheap assets to be snapped up in Africa too. Watch this company expand and become a big player. You heard it here first.
DelBoyTrading
07 Sep 2015
Re: Start of the rot setting in And a week later they are producingHope no one took your advice Highlander
Juliette
29 Aug 2015
Highlander....why are you in this chat room? Your comments clearly show you think current investors are all idiots, or your trying to point out when other chat participants have lost money and you haven't or your incessantly ranting about Bert Cooper working this stock - ignoring the fact that that would be clear stock market manipulation. Constructive comments are very helpful, otherwise please b*gger off - you're tiresome.
Juliette
29 Aug 2015
JRjnr....I would be very surprised if mgt raised money at these levels. I agree that they need money down the line, but at the moment it would need to raise a multiple of its market cap and that is extremely rare. I think mgt will wait until the price recovers. To60p ish
Juliette
29 Aug 2015
I wonder if 17p was a key level for stop-losses and the weakness at the end of the day tripped a few of these - hence the large volume.
Highlander
28 Aug 2015
Start of the rot setting in setting in. Today's traded vol. is about 20 times the norm, for here and see the last trade after hours. Someone (Big ) in the know willing to take 15.5p just to get out before it's too late Better to get out ( as the wise are doing, by size of that trade ) with a little money rather than no money at all. Remember this is Nigeria and with Bert Cooper in about this it will end up exactly like Afren, and guess which African Billionaire will pick it up for next to nothing and take it private, to make it profitable again. Correct! You can't win when these guy's even have a good few those in the Nigerian Government in their pocket. Massive brown envelopes changing hands. Can see this sub 12p in no time now.
Juliette
17 Aug 2015
Yes, I do think it will recover but it will probably be slow whilst the oil price languishes at this low level. Medium term my view is for a 70-80/bbl oil, which isn't priced in now. Company specific catalysts are 1st oil from otakikpo in q3 which I think could push it to 40p+. The seismic analysis from eko is also due this year and there could be big SP movement subsequently IF (1) the oil price >$60 and (2) there is reserve growth (quite possible). These musing are all my own opinion based on my own research. I recommend you do your own research too.
Juliette
20 Jul 2015
A sensible theory Kalahari2000. Perhaps some investors see the fiasco as further delaying Ogo. Although, in my view this is a good thing because the more cash strapped Afren is now, the more likely it is that it will sell its stake in Ogo - hopefully to a better funded partner who can bring the project to first oil sooner than Afren could. Very curious.
Juliette
20 Jul 2015
Does anyone know why the shares are down so aggressively today? perhaps we're trapped in a trading range until the announcement of first oil
MacPithy
09 Jul 2015
Re: Ignition, Lift Off OK so how does the manipulation work? The main issue for this share's SP to move north is cash flow so far cash is flowing out with no sign nor prospect of it flowing into the company and then once / if production starts will the net cash flow be positive.Still too many unknowns and little forward planning with identified milestones and of course we are in Nigeria!!!
Highlander
09 Jul 2015
Re: Ignition, Lift Off Forget it, that is not going to happen for a long long time. Until Lek is in the right hands this is only a dream. I do feel sorry for the likes of Captportfolio though who stated over a year ago that he owned well over a Million shares here bought at a much much higher price. He must be gutted as he never posted again until now once the price started to crash, then seeing it take off again from 19p brought his hopes back and he even ploughed more money in, only to see it sink back as fast as it climbed. Hopefully he sold that holding before it tanked again. It will be a long time before it see's 40p again. The wrong kind of people are in about this, and they have money to see it goes the way they want it to.Remember this is a Nigerian Company, ok it's registered in U.K. but that's as far as it goes. They will be even more careful now how they go about things as they have learnt a lesson from Afren. Surely it's obvious to you all, that from the cash and assets Lek have something is not quite. This is being worked, manipulated big time so be careful. Those who bough in over 50p possibly won't see that again this year.
