28/05/2015 01:02:08 Cookie Policy Free Membership Login

Lgo Energy Share Chat - LGO

Share Name Share Symbol Market Type Share ISIN Share Description
LGO Energy LSE:LGO London Ordinary Share GB00B1TWX932 ORD 0.05P
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.03 +0.79% 3.20 3.10 3.30 3.20 3.10 3.20 10,557,608 16:09:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5.9 -2.8 -0.2 - 97.61

LGO Energy Bulletin Board

DateSubjectDiscuss
27/5/2015
19:53
From 2ears1mouth How Many Today 19:27 A while ago I thought that all the wells would be drilled through the Goudron sands and down to the C-Sands and that the wells would all produce from the deepest reservoir the C-Sands. I then though that when all the recoverable oil from C-Sands had been produced that the well would be plugged as C-Sand level and then new completions take place and put the Goudron sands reservoir on to production. Now that we know that LGO are looking to get a 2nd Rig in to drill stand alone GS wells (not from large concrete pads) we will have many wells producing from C-Sands and GS simultaneously. So the big question for me is how many wells we will drill to C-Sands and how many in to the GS reservoir? I do not know these numbers but they could potentially add up to a very large number. What I do know is that the target driling time for the GS wells is 5/6 days per well. I also know that is is very possible that the 1st GS well could be drilled in September. Q. Are you buying or leasing 2nd rig and who will operate it? A.Leasing from a 3rd party drilling company who will operate it. Q. Do you have a confirmed date for it to be on Goudron & ready to drill? A. No, but September is possible. Last bit for the moment, as of 4pm Trinidad time yesterday, well 674 was drilling ahead at 1,382' in 12 1/4 inch hole as planned. Now I can see why 2 x 5000 tanks are being scheduled into the infrastructure growth plan. Hope this helps people a bit.
by jcgswims on LGO Energy - Oil Producing assets in Trinidad & Spain
27/5/2015
19:29
Hey sub. Someone buying. Any thoughts? I heard a whisper 2 ii`s looking in.
by backdoorbill on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
19:11
I might be wrong but I believe the below para written by John is incorrect (see bottom of this post), unless it is written somewhere within some accounting standard? P2 = proved and probable reserves and are not dependent upon a company having the cash to drill them. Proved reserves will usually be within the acreage boundary of a well, the Probable reserves being a high chance of oil existing due to the interpolation of drilling results near a producing well or between two producers. Possible (P3) would be further interpretation of existing data including producing wells, where there is a likelihood that the formation will continue into the untested area. Now regards the commercial viability aspect, the writedown of reserves is more than likely to be with the reserves that may have been marginally profitable due to high cost of a well, low production due to there being less thickness, less pressure and less OOIIP. As the PoO has fallen, the EUR's for the worst areas and the price would then combine to make a well uneconomic as it wouldn't pay back the original investment. aimvho "The revision downgrade to P2 on assets of TRIN is due to them not having the investment to work the assets, and in doing so they cannot commercialise as many P2's as 2013 estimates. For example if TRIN said back in 2013 it could spend $40m on capex on a forward basis on its on shore operations, in doing so it can upgrade those reserves now. Moving forward to 2015, and the allocated funds are no longer available, resulting in the projects being abandoned, those reserves it had upgraded to P2 will now need to be removed."
by lazarus2010 on LGO Energy - Oil Producing assets in Trinidad & Spain
27/5/2015
19:04
Well done ccr. Someone hasn`t finished buying...... All sells have been bought.
by backdoorbill on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
18:58
mid 3.183p
by substp on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
18:26
well I bought a few more this am on that little dip .. Thx Bill ;))).
by ccr1958 on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
16:23
Yep, a big buy being worked imo with a 6% spread all day.
by pensioner2 on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
16:19
MM,s just messing with your minds, trying for sellers.... short on shares....
by dlg3 on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
16:10
plenty of buying going on, wins keeps having to go to 3.10, big delayed buy imo
by grannysnuff on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
16:07
Pensioner Bang on the money there IMHO.
by simon_64 on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
15:58
Are those LSE traders playing their games again? There's no reason to sell this with so much good news just around the corner here. We are within a T10 of pad 4 wells completion (never mind T20)!!
by 12bn on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
15:46
Just forming a lovely flag and when it breaks...BOOM
by bunky3 on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
15:41
Real spread is 3.12p bid, 3.18p offer.We could get news of the LACT meter,new storage tanks and new pipeline soon, as TD on well 674 is due about the end of next week and NR will want everything in place before pad 4 wells are perforated.
by 12bn on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
15:31
yep the cheap ones are gone, hope someone took advantage
by grannysnuff on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
15:30
Big spread,I suspect that the 3.18p trades are buys not sells,MMs do like their little games.
by 12bn on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
14:51
Tidy2,is a thicko trader who ramps a dog share at 0.3p with 'this will go to 10p' comments. He is not a sophisticated ramper, just your run of the mill pump n dumper with little money. I certainly wouldn't have 'private messages with him' and 1.6p soon comments are as likely from me on lgo as me saying 'pigs will grow wings soon'.
by 12bn on LGO 2014...... Moderated thread...... 5p to 25p
27/5/2015
14:14
From John RE: onceatrader...Today 14:12 Stach LGO is always news driven, but not really news of what is coming, but news of actual event. The net pays and drilling are all telling us that the wells will be producers, on the day that NR releases the production results for Pad 4, and on the day the oil is flowing into the sales tanks, the market will re-value LGO accordingly. The same for the infrastructure and CPR, until they are announced, the market will not respond. The only time we will see some movement prior to news is when these events are within T10, T20 reach, and also some PI's will want to take a position beforehand. It has always been the same here, the sp will start its upward trend soon, perhaps from Friday or next week IMHO, the dates for the well flows can be guessed, but not the CPR, that can land at any time from now to the end of June, and perhaps being on the side lines will be a bit my risky as the days pass. A 7am CPR will not give a opportunity to get in this low, no matter what the liquidity is on LGO, if it is as good as I believe it to be, all MM will open the price well above the previous days close. We are mirroring pre Pad 1 (2014), same side ways movement, same volume, lets hope for the same push on the sp when that flow rate was announced. There is plenty going on at LGO in H2, three pads to come on line, CPR, second rig etc etc, just a matter of patience, while it all reveals one at a time. Best regards John
by jcgswims on LGO Energy - Oil Producing assets in Trinidad & Spain
27/5/2015
14:08
From Dalesman RE: Hi everyone Today 13:50 Afternoon EBD I held Trinity for a while last year and enjoyed a rise from £1.12 to sell out at £1.44 when I thought it was a little high and the risk reward ratio had worsened. Since then as John has said, their capex and opex has risen, staffing costs are high and debt is a problem particularly as the POO has fallen. There has to be acquisition opportunities now in Trinidad ! I'm sure speculator is up to speed on this. Many companies will be looking to reduce their debt exposure and cash is now King. We have the cash! How many will be able to bid in the next round of Trinidad blocks? I believe Tabaquite is one. There must be bargains to be had now in Trinidad! I suspect that quite a few companies may be looking to monitise their assets on the island. I would love to see what opportunities are passing across Neil's desk right now. We live in interesting times. Cheers Phil
by jcgswims on LGO Energy - Oil Producing assets in Trinidad & Spain
27/5/2015
13:40
I believe the traders might get very little here now. Reasonable volumes are being gobbled up here every day and have been since early January. I believe the speculation of a takeover may not be too wide of the mark. As a target, you would like a nice up to date CPR prior to any such move and the buyer could offer a good premium to a 3 months VWAP and still get a bargain.
by pensioner2 on LGO 2014...... Moderated thread...... 5p to 25p
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