29/07/2015 12:32:30 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
  -0.18 -10.00% 1.58 1.55 1.60 1.73 1.13 1.45 102,224,901 12:11:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 5.9 -2.8 -0.2 - 48.04

LGO Energy Share Discussion Threads

Showing 56800 to 56825 of 56825 messages
Post New Message
Chat Pages: 2273  2272  2271  2270  2269  2268  2267  2266  2265  2264  2263  2262  >>
DateSubjectAuthorDiscuss
29/7/2015
12:29
would be nice to get an idea on costs of drilling now compared to 2014 Fergus Jenkins, LGO's Chief Operating Officer, commented: "Our C-sand drilling program at Goudron continues to progress very well and we are now on our sixth new well in 2015. Drilling times and costs have been markedly reduced from 2014dvsfm
29/7/2015
12:25
951 bopd for Q2 shows strong depletion but don't forget it includes downtime for certain work such as downhole and surface delivery pipework/infrastructure . NR could have given an estimation of that downtime. Add the 240 bopd from 674 plus the new perforation workovers on the old wells plus 672 & 673 from pad-4 being brought on production. Also add about 140 bopd for Spain and Icacos I would expect group production is pushing towards 1500 bopd, with producing wells all online, ie. no downtime Then to come in H2 GY676 took around 13 days to TD. Looks like GY677 spudded Monday, so TD within 2 weeks then cased.. ... Then the 3 pad 5 wells will be brought onto production from mid - August. 677 on pad 3 drilling into the prolific production area should be at TD, core taken & cased towards the end of August. Then put on production early September. Then the Goudron sands individual wells will start, with individual wells being brought onto production straight after drilling.1waving
29/7/2015
12:25
Ross surely with low costs of drilling and our deal in terms of selling the stuff the low wti price is better suited to LGO than most??thenorth
29/7/2015
12:22
It's important to look at the public expenditure commitments and cash reserves of OPEC countries if you are trying to work out what oil prices they can live with in the long term.rossannan
29/7/2015
12:16
snowman88 Are you a shareholder .. I thought you had sold out .. or just out to drive the share price down to pick up shares on the cheap !!1waving
29/7/2015
12:15
Fellow investors.....I think some have missed the point....This post says much in terms of the low figures....To add to this the wells being reworked will not have been producing so whilst the production figure is low one has to ask oneself or indeed LGO if these factors have contributed to the lows we saw today in the RNS... In other words is the reduction in the production figures due to decline of the wells?We simply need more clarity....1waving - 29 Jul 2015 - 09:56 - 41907 of 41963 - 2951 bopd for Q2 shows strong depletion but don't forget it includes downtime for certain work such as downhole and surface delivery pipework/infrastructure . NR could have given an estimation of that downtime.thenorth
29/7/2015
12:14
its hard to see what can push this back up to 1.75 in the very short term; any tick up just has people looking to exit. Unfortunately it will probably just drift slowly and settle around 1.5 before any production increase. fwiw i don't think it will go back down to the 1.25 level we saw first thing, that was more of a stop loss raid and panick people in to capitulating, and of course to let the old 'friends and family only' buy a few cheap ones at 1.25 for a quick profit (or am i being to sceptical of those mm's lol...)snowman88
29/7/2015
12:09
Anyone buying now for the short term will lose as this drifts to 1p or under . Mkt cap is still ridiculous but traders in for a quick buck will exit before end of the day . Anyone who thinks this is worth 58m is seriously deluded . At least it's shut up some of the rampers but still how much have they lost people ? No shame to these people who consistently lose people money yet have a go at the ones that are proved right . Anyone holding should sell now and but back in nearer 1p in a few weeks imo that's if they really think waiting 2-3 years is worth doubling your money . One of the most over hyped shares I've seen in a long time and quite simply not worth anything like what it's valued at . Nothing upbeat in the rns this time either and the wells that come online will just about cover the depletion from the others maybe add a hundred or two bopd Max but at what cost . Pump and dump share imobones698
29/7/2015
12:07
so i take it you're out now datait ?dvsfm
29/7/2015
12:06
lol is ItchyCrack an expert here ? not seen you on PROX thread since you went long at 5 and its now a Pennythe stigologist
29/7/2015
12:02
the slide will come soon again soon thodatait
29/7/2015
12:01
wonder how many panicked and just sold out first thing loldatait
29/7/2015
11:57
Doc - imo they are trying to offset the high decline of the wells. But this pumps if not used carefully may also cause damage to the wells.Whatever it is, lgo is not the darling it was pumped to be last year.jungmana
29/7/2015
11:52
.....oh, and that's before Iran starts adding to the global glut! Perhaps the oil bulls can present a credible argument for why prices will rise into this macro economic backdrop? On my side of the planet its time for bed, but I wait in egar anticipation for some sensible answers tomorrow......................:-)itchycrack
29/7/2015
11:48
Despite what some muppet said earlier about "the Saudis said the price would be higher by the end of year" - PMSL!!!!! Global growth is slowing rapidly, demand is falling. The oil price is going to stay low for years, may even be decades, forget $100 a barrel for decades. LGO will not be able to make a profit under these circumstances. The Saudis are actually INCREASING production so why will prices rise into a global growth slump? DOH!!!!! As I keep saying, you need to look at the global picture! Some of the comments on here simply beggar belief in their complete misunderstanding of basic macro economics and market dynamics - no wonder most retail investors loose money.itchycrack
29/7/2015
11:42
why wouldnt any of the mr know it alls answer my question, what are the natural decline rates for wells on pump? are they putting the wells on pump to offset this great decline and would that mean the wells drilled from now on may not be great producers but will not experience great declines either?doc_oj
29/7/2015
11:40
....and by the end of the year the oil price could be well south of $30, so it really won't matter!itchycrack
29/7/2015
11:34
After 18 months and half way through a 30 well drill program they are only producing 950bopd.Way overvalued at £50M market cap.Compare to TRIN, Producing over 3000bopd and making operating profit. Share price beaten down by institutions exiting small cap oil producers.Stupidly cheap at £6m market cap todayjungmana
29/7/2015
11:30
676 took around 13 days to TD. Looks like 677 spudded Monday, so TD within 2 weeks then cased.. ... Then the 3 pad 5 wells will be brought onto production from mid - August. 677 on pad 3 drilling into the prolific production area should be at TD, core taken & cased towards the end of August. Then put on production early September. Then the Goudron sands individual wells will start.1waving
29/7/2015
11:23
They are half way through a 30 well drill program and producing just 950bopd. Too expensive at 1.6pjungmana
29/7/2015
11:22
i wonder if we can get the $1million payment back for going back under the 1000bopd threshold?snowman88
Chat Pages: 2273  2272  2271  2270  2269  2268  2267  2266  2265  2264  2263  2262  >>


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 150729 12:32