Lekoil Share Discussion Threads

[jailbird] 29/9/2016 07:42

Results nothing knew.. Already know most of the news If there is a chance of a dip, today would be the day... But we have oil up because of OPEC deal Otakikpo· Continuous commercial production from Otakikpo expected in Q4· Flow tests successfully completed at Otakikpo-002 and Otakikpo-003· Tested flow rates of C5 6,404 bopd, C6 5,484 bopd and E1 5,703 bopd· Phase 1 of the Otakikpo Field Development Plan ("FDP") is targeting a production rate of 10,000 bopd by end 2016· 25,000 bbls crude storage tank on site.

[alamaison5] 29/9/2016 07:41

RNS: Not so good unfortunately...


They say that they have enough cash for 12 month then this:

Emphasis of matter
Without qualifying our report, we draw attention to Note 2(b) in the condensed consolidated financial statements which indicates that the Company incurred a net loss of $8.1 million during the period ended 30 June 2016. This condition, along with other matters as set forth in Note 2(b), indicate the existence of a material uncertainty that may cast doubt about the Company's ability to continue as a going concern.

[jailbird] 28/9/2016 22:30

Something wrong with you honestly You like this on other threads .All this because you do not know what a golden cross is ... You really need to read up or just quit investing Bye for good and good luck

[craig t2] 28/9/2016 21:35

Pure solid gold. 50/20 moving averages?RESPECT. Giggled.News - driving Lek. Only 2 factors short term1. Confirmation of production.2. OPL 310 analysis. So far it's been 2 year wait.They have paid a small amount for Afrens stake in the 3rd biggest discovery a few years ago. Ministerial consent not yet formalised. Very low price for such a massive discovery. Seismic results after consent? Tut tut.Primal Scream (Jailbird). "Scratching like a tom cat - got a monkey on my back"

[coxsmn] 28/9/2016 19:52

Nice rise in oil price today as Opec reaches a deal.I continue to add here and paf.Dyorcoxsmn

[fraserdean] 28/9/2016 15:07

Is that a golden cross?

[jailbird] 28/9/2016 13:01

thx Ala..top man..I am trying :-)

[alamaison5] 28/9/2016 11:52

Yep, good luck with 17p, lol
Jailbird: I like you and respect you a lot. You are respectful and willing to learn.
What Craig T2 see as insecurity in you is actually called been humble.
Take care Jailbird and please just carry on as you are.
RESPECT

[jailbird] 28/9/2016 11:47

There you go again...

Conversation was about golden cross, look where you have taken it..
Why don't you validate the golden cross you are seeing...no-one sees it here.

Ok Let me answer the question for you..hard work some ppl.

There is no golden cross at present.

However depending on whether you are using EMA or SMA 50 and 200 moving averages.
These chart diffferently.

The SMA is currently crossed over but in the 200MA is pointed downwards.
But the EMA chart, the 200 is is just turning and the 50 has already turned up sharply. So in tis case we may well get a golden cross in the next few days...depending on the share price movement.

Again I may be totally wrong of course. I am just wrtiting from my recent readings on this.

Frankly I do not care about the golden cross..I am interested the news that is driving this

[craig t2] 28/9/2016 11:33

Jailbird - insecure. Hardly. I use my own name for a start.

[jailbird] 28/9/2016 10:41

LOL..I was being a little sarcastic there..as I would be surprised...
Looking at MA support levels which now have been surpassed..worst case is 18-18.5p to buy. It broke 19p resistance levels, so do not expext it to fail that now.

More importantly news is driving this..the charts are for buyers using technical entry or exit points...traders mainly.

I could be totally wrong of course..but lets see

good luck all the same

[ngms27] 28/9/2016 10:33

Thank you, wish you the same

[jailbird] 28/9/2016 10:25

good luck with 17p

[ngms27] 28/9/2016 10:19

I sold into the bounce last week and would buy back around 17p. You know what I reckon I will get it as well in the next month or two.

[jailbird] 28/9/2016 10:09

yeah i was waiting too..this is the week I would re-add...i will add a few more if it went to 19p...but not counting on it. It would have to be an intra-day drop to catch it

[ngms27] 28/9/2016 10:07

What news? Production is currently around a year behind schedule, OBE appraisal won't be until 2018 so nothing really doing IMHO.

[alamaison5] 28/9/2016 10:04

Today complete lack of interest in LEK is not a good sign.
Everyone is expecting some news, but...
I may wait a tiny winy longer before buying any.

[jailbird] 27/9/2016 18:06

No Guru mate.. Always educating myself
Made mistakes, but have learned and am learning from them.

I was just pointing out my understanding of a golden cross .
You are welcome to validate your opinion on it.
No problem if I have it wrong.

But you seemed to be defensive for some weird reason.
No need to feel insecure, forums you can agre and disagree.
It is how you communicate this is the key .

[craig t2] 27/9/2016 17:26

Jailbird (weird name). New - No 2008 crash. I started buying then. Had rest. Dabble on occasions. But obviously you think your a guru. It's not difficult.

[jailbird] 27/9/2016 14:38

Happy to have picked up 20k @20.25p:-)

[alamaison5] 27/9/2016 11:55

Yes but remember that over 15m shares did change hand at around 19p...
We should see even more of these coming through.

[jailbird] 27/9/2016 11:44

242k bought @21.4p!

[jailbird] 27/9/2016 11:36

Are you new to investing...I hope so....as you you are not understanding what a golden cross is.

[craig t2] 27/9/2016 11:30

Cyber mates.bahhh

[alamaison5] 27/9/2016 05:52

jail: I agree with you mate.