05/09/2015 11:24:53 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
  +0.00 +0.00% 1.40 1.35 1.45 1.45 1.38 1.40 4,740,856 14:35:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.2 -5.1 -0.2 - 42.76

LGO Energy Share Discussion Threads

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DateSubjectAuthorDiscuss
05/9/2015
11:15
Right off to pay for Granny's beers and hookers (again) .... ;-) hahahahahahahahahahahahahahahaha she was a rough one as wellgrannysnuff
05/9/2015
11:04
Interesting times are near. Here is my order of events,just imo. 1. pad 3 new well INITIAL flow rates in the next 10 trading days,unless they are so poor NR will ignore them. These initial flow rates will bear little relation to the actual long term flow rate but NR will be hoping that they will be enough to get a few PIs to buy. 2. Soon after NR will RNS a placing/SEDA tap agreement and raise cash from new shares issued. 3. Interims will arrive,to the shock and horror of many longs here,imo. 4. In Oct Q3 results will be another kick in the goolies imo. Be very careful if you buy into the first 'initial flows' RNS because I expect the shorters, like granny, will short straight into any small rise as they know that poor interims and Q3 numbers are the next news up.12bn
04/9/2015
23:47
10.124955N 61.133105W or 10 07 29N 61 07 54W battery 134 is close12bn12bn
04/9/2015
23:02
Anyone know the exact longitude/latitude of LGO's Trinidad operations ? I have access to daily satellite images down to a few feet and fancied looking at their operations in real time.serratia
04/9/2015
20:01
jacks, It is quite possible for capital expenditures to be transferred from exploration to production assets during the same accounting period (additions), or to production assets from prior periods (re-classification from exploration assets). If within the same period, the assets would not even appear as exploration assets but only in production assets (Oil & Gas Assets). During 2014 there were additions of £8.281 million (see Note 12) which would have figured in the depreciation amount (£1.076 million) for the period, and which does indeed show in the "bottom line" as a reduction in profit. However, these non-cash entries in the P&L statement have nothing to do with the break-even calculations to which you refer. They refer simply to cash transactions: how long will it take for the capital costs required to bring a well to production to be repaid by net revenues after expenses. ccrosseyed
04/9/2015
16:43
Yep, should be getting 678 news possibly next week; be good to hear of some decent rates from there.. Obviously another 670 type result would be fantastic, but i'm sure we'd take half of what 670 did right now!snowman88
04/9/2015
15:35
GY-678 on pad-3 should now be at or very close to TD. Drilled into a prolific production area around GY-669 & 670 Only had 1,000ft left to drill to expected TD of 4,200ft RNS last Friday, 28th at 0900 :-- "Elsewhere in the field, well GY-678 has now reached a depth of 3,198 feet MD and a 30-foot core is currently being cut to provide additional data on the C-sand reservoirs that will be input into future development planning, including the anticipated enhanced oil recovery project."1waving
04/9/2015
15:30
Just! 1500 x 11 x 365 x 2 = $12millsnowman88
04/9/2015
15:29
GY-678 on pad-3 should now be at or very close to TD. Drilled into a prolific production area around GY-669 & 670 Only had 1,000ft left to drill to expected TD of 4,200ft RNS last Friday, 28th at 0900 :-- "Elsewhere in the field, well GY-678 has now reached a depth of 3,198 feet MD and a 30-foot core is currently being cut to provide additional data on the C-sand reservoirs that will be input into future development planning, including the anticipated enhanced oil recovery project."1waving
04/9/2015
15:14
From Stotters Today 13:41 ------------------------------------ RE: Onceatrader John, It is Pad 5 is producing in excess of 750bopd alone (see RNS 28/08/15). That is not factoring any additional production from every other well. I am unsure why your post is focusing on LGO relying on just Pad 5 to repay the loan. Just for argument’s sake, assume that the rest of the company production is 750bopd, which is including the potential production from GY678 into this figure. That would give a total output of 1,500bopd. I am pretty sure that this is enough to enable LGO to manage the repayments! Stottersnexus7
04/9/2015
15:00
From speculater Today 13:57 ------------------------------------ RE: GS Drilling Campaign hamlette. LGO has the logs (mud and electric) for the GS net oil pay zones from the 15 wells drilled in the last 16 months. This is invaluable information when planning the future GS zone drilling campaign. So is the ArKEX data interpretation on which we are still awaiting final report. And of course the CEC for additional wells. All in the fullness of time. I almost hate to bring it up but when we start producing from these 10- or 12 GS wells, that allows the next CPR (June next year?) to include/convert GS "resources" into "reserves" whether P1 or P2 at the point in time the report is produced. Remember there was a sentence on just this topic in the CPR RNA and in the one from July 29th you just posted.nexus7
04/9/2015
12:00
not seen much evidence of any shorting granny.. volumes all but dissappeared!snowman88
04/9/2015
11:29
Volumes looking good loldogrunner11
04/9/2015
11:22
Seems that onceabroker isn't as stupid as most still left in LGO. The interims are due out this month and they will be a real eye opener for some but first we will have an 'initial flow' from the new pad 3 well (unless it is poor of course) but no mention of settled flow rates imo.(That wouldn't paint as rosy a picture). Then we will get an equity for cash deal,which may not be a placing but even worse a Yorkville SEDA tap deal and then we will get the interims kick in the goolies.12bn
04/9/2015
11:14
LOL Booooooooooooooooooooooom onceatrader Posts: 127 Answer Opinion: No Opinion Price: 1.40 View Thread (11)RE: OnceatraderToday 11:08Stotters Alienating a potential buyer of the shares will do no one any good here. A non holder can ask the same questions as a holder, they may well be researching, or even clarifying before buying more shares or buying in for the first time. Questioning the company is not negative but prudent due diligence. no CEO is above question, and to blindly follow without concern can leave one at a disadvantage. I hold shares here in my ISA, I would dearly love to buy many more, but until I see some answers to some specific questions, I will personally refrain. The share price does not bother me stotters, I would be just as happy to buy at 2p, if I thought there was value to be had in the short to medium term. Whilst some may go with the flow here, and settle for any continued shareholder value destruction, which no one can deny has happened here in 2015, some PI's are just a little more wary of the BOD now. Is NR the right man to lead this company to mid tier? I certainly would have said yes back in 2014. But I am not so sure now, yes we have had the hindrance of the WTI, but certain actions, specifically towards a less aggressive campaign when the opportunity was there, and certain dilutions when there was no value added to the company, have left a few on the side line. At this moment in time, I would suggest not looking at estimates of GS drill costs as gospel from the BOD. In 2013 we were told each in-fill well would cost around $500k to $750k, and you know that was exceeded, with the only beneficiary being Well Services. Same as the 7 - 10 day estimate for the wells before the campaign started, so when the BOD suggest 4 days for a GS well, and you know already that a deeper well takes 15 days, you only have to re-visit historical data to know that 4 to 5 days is not enough for a 1700ft hole. I am not all negative on the company stotters, I highlight the good points along with the bad points. Surely yourself must be questioning some aspects of the management here, and the subsequent shareholder value reduction since GY-664 onwards. There are plenty of buyers on the side line. perhaps they also wait for some clarification before entry. Best regards Johngrannysnuff
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