Share Name Share Symbol Market Type Share ISIN Share Description
3Legs Resources LSE:3LEG London Ordinary Share IM00B52P5P72 ORD 0.025P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.3175p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.3 -0.1 - 1.38

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Date Time Title Posts
21/3/201623:493LEGS. Shale Gas. Price 25.25p. Net Cash= 43p88.00
04/3/201611:22Billionaire Backers in Ј1m cap 3Leg - To Transform into a Life Science/Pharma Co41.00
04/3/201611:22Wonkey Donkey Shale Gas Company1,500.00
04/3/201611:213LEG Charts & News54.00

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3Legs Resources (3LEG) Top Chat Posts

DateSubject
03/11/2015
18:33
kingston78: When will the directors do something more positively on 3 Leg and change its name, as they have done wonders to the share price of Kuala?
19/10/2015
15:36
wiseacre: Note the 60 per cent rise in share price in the past week of Mellon's other new Biotech investment company, Kuala Innovations. I believe this one likely to be used for RTO. Probably a lot of upside here.
05/10/2015
17:06
kingston78: I cannot believe that the share price is so low. This is most likely due to unexciting news on investments. As soon as a good investment is made and the news announced I am sure that this shell company will attract a lot more attention and its share price will rise. I always follow the main man. If this company is good for him, it is good for me. I am staying put.
13/8/2015
16:59
kingston78: This is the type of shares that will attract the attention of investors when a transforming deal has been done. It is worth including this as part of your portfolio because one day the share price will shoot up without warning. Your patience will be rewarded.
10/3/2015
09:11
simpletonremover: From the Vela Rns today:- " The board of Vela believe that the investment in 3Legs offers Vela an opportunity to invest at an attractive price in advance of 3Legs embarking on its investment policy." No commercial enterprise would embark on a 'blind' investment and coupled with the statement above, in my opinion, translates as 'we know what 3Legs are about to invest in and we expect a significant uplift in the share price because of it'. Interesting.
10/3/2015
07:51
elcapital: must be a start to a takeover, but probably for not much more than where the share price is
13/9/2014
07:36
kooba: Small mention in the times!"Punters believed they were getting a free(ish) bet on whether 3Legs Resources would make a commercial shale gas find in Poland. Results from fracking are expected in two to three weeks. The company, speculators said, is sitting on cash equivalent to its market value of nearly £16 million. Shares marked time at 18¾p."I was in touch with the company IR this week in respect of the share price action and am assured that the flow test is ongoing and there is nothing to report to the market as yet.With regard the results which came out on the 18th last year ..they are indeed due but no date has as yet been set... Maybe trying to be able to put a Lublewo update in there.Risk reward looks compelling at these levels but can't help feeling the share price action is a reflection of sentiment on the ground so dampening my enthusiasm ...have picked a few up this week and if everything is still to play for on Lublewo should be buying more!
11/8/2014
16:02
g1lo: Lublewo will be declared commercial within the next 4 weeks imo ; Bnk will definitely improve their flow rates given time ; As for Sle, who knows what they will do ; drill the horizontal themselves in order to prove it up or arrange a JV pre horizontal...nobody knows what the final flow results will be...nor does the market. Could go either way but considering the already depressed share price of the 3 companies above and the cash position of at least 3legs and Sle plus the resuslts we have had so far from them all (far from desastrous and even rather promising), the odds are in their favour no doubts. Anybody invested in Shale gas in Poland will think it can/will work otherwise why investing in the first place. Wait and see a few extra weeks and let s find out if the market got it extremely wrong or was right to be so cautious.
11/8/2014
14:47
linksdean: article on polish shale from Interfax interviewing san leons OisinFanning and Joel Price..I have just high lighted these bits.. Oisín Fanning: A lack of intensity in drilling is the issue in Poland so far. When you think about it, when ConocoPhillips and 3Legs Resources drilled the first horizontal well three years ago [in Poland], they produced about 65 thousand cubic metres [Mcm] of gas a day and it went down to about 14 Mcm/d at the end. Anywhere else in the world, that would have been seen as a huge success. In fact, most wells only ever start producing at about 14 Mcm/d and over a number years end up at 140-280 Mcm/d. But in Europe they regarded that [in the same way] as a conventional play, and everyone said: 'Oh my god'. Also, I have to say the company was expecting 140 Mcm, which was a bit ridiculous and meant the market was slightly overoptimistic. So that [overoptimism] probably explains it more than anything. So, to cut a long story short, they're about to drill their next horizontal well and frack it next week. I think there has been an unrealistic view in Europe that you can learn from the 20 years of experience in America and squeeze it all into a year or two. Well, you can't. OF: What I think happened is that Poland got overexcited too quickly, everyone's share price went through the roof, everyone went chasing it, and I believe the same thing is happening in the UK right now. We saw prices of $1,200 per hectare, and now it's back down to $250 per hectare.
30/10/2013
14:27
hugepants: 3Legs Resources(3LEG) are a shale gas explorer with, they claim, the best acreage in Poland. http://www.3legsresources.com/ They are partnering with mega cap Conoco-Phillips who have been successful with shale gas explo in the US. Conoco have 70% of the licence, 3Legs have 30%. Current market cap at 25.25p = £21.5M. (84.9M shares in issue) Net cash at end of June 2013 = £36.5M = 43p per share Interestingly the company expect to have over 30p cash by mid 2014 after a soon to commence drilling programme. So at the current 25.25p share price you get this drilling programme in for free (and then some). http://www.investegate.co.uk/3legs-resources-plc--3leg-/rns/notice-of-egm-and-shareholder-circular/201303270700129537A/ "...Following the planned drilling programme (estimated cost £11 million), the Company will review its Polish operations and, in light of the results, consider all options, including a return to Shareholders of the remaining cash (currently projected to be approximately £26 million as at 30 June 2014)..." Latest results: http://www.investegate.co.uk/3legs-resources-plc--3leg-/rns/interim-results/201309180700062451O/ Mentions the possibility some value can realised from other licenses; "...and we are in active discussions with potential partners in relation to our eastern Baltic Basin and southern German concessions. " Some activist investors on board. Damille and Weiss jointly hold over 30% of the shares. DYOR etc
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