LGO Energy Share Discussion Threads

[ccr1958] 10/5/2017 08:50

VERY GOOD NEWS !!!

[brianp14] 10/5/2017 08:49

That's right dodge. Trump has torn up Obama carbon policy!

[dodge city] 10/5/2017 08:44

Oil price is set to collapse as more people convert to battery powered cars.

[nexus7] 10/5/2017 08:35

From TAtrade Today 08:27
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Big news
"I am excited about the inherent value that I see in this business and look forward to implementing a strategy to unlock that value. The Company's current asset portfolio is strong, we are growing our production and generating cash. We are seeing ever more investment flowing back in to the sector. These are excellent fundamentals from which to grow the business and I look forward to sharing my vision in more detail at the Investor Strategy Briefing later today.

[dodge city] 10/5/2017 08:34

The first thing the new guy is going to do is raise more money, he will want to build a big war chest for his ambitious plans.

[jcgswims] 10/5/2017 08:33

VSA on Proactive



LGO Energy (LON:LGO)

LGO Energy (LGO)# has announced that Leo Koot will be appointed as its Executive Chairman effective immediately, with Neil Ritson stepping down from his role of Chairman and CEO.

We see this as a particularly positive appointment by LGO when considering the calibre of Leo’s track record. Leo has over 28 years of industry experience and he brings both financial and technical experience to LGO.

His experience in the industry includes his role as Managing Partner of MENA Gulf Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA) and Managing Director of TAQA UK where he built the organisation from a few people to over 2,000 staff and contractors and delivered a mature E&P operating company that managed 60,000 barrels/day production with US$1.7 billion in annual revenues.

Leo has also held roles as a board member at AIM listed Sterling Energy (SEY LN) and as CEO of Energy Development Partners, an oil and gas business creating ways to match capital and resources with developing production. In this role he helped raise a US$350 million private equity fund.

LGO has also announced its intention to change the company’s name to Columbus Energy Resources by the end of this month.

Following this news, we maintain our BUY recommendation and keep our TP under review whilst we await an update of the new management’s plans going forward.

[nexus7] 10/5/2017 08:30

From get_rich_quick Today 08:21
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RE: ..

May be not, Substp but the sentiment and new direction of a CEO can be all you need for an upward trend - with or without tye tangibility of WTI.

James Parsons worked wonders at SOU.

Let's give the new boy a chance.

[nexus7] 10/5/2017 08:27

From DeanVM Today 08:18
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Time for LGO to shine

Neil Ritson is to step-down as chief executive and chairman, to be replaced by Leo Willem Koot who joins as executive chairman effective immediately.

Koot’s appointment is described by LGO as a “significant moment”. He has extensive experience with senior positions in large oil and gas organisations – including president of Abu Dhabi National Energy Company (TAQA) and Managing Director of TAQA UK.

The company will subsequently be renamed Columbus Energy Resources Plc.

In a statement, Ritson said: “After a difficult couple of years in which the Board and I have restored the balance sheet the company is now able to chart a new course and that requires new leadership.

“I would like to thank the senior management and Board for their support and personally wish Leo all the very best in his new role."

Koot, meanwhile, added: “I am excited about the inherent value that I see in this business and look forward to implementing a strategy to unlock that value.

“The company's current asset portfolio is strong, we are growing our production and generating cash.

“We are seeing ever more investment flowing back in to the sector. These are excellent fundamentals from which to grow the business.”

It is agreed that Ritson will remain available as senior advisor to the LGO board for at least 12 months.

[nexus7] 10/5/2017 08:21

DL Tweet

David Lenigas‏ @DavidLenigas 1 h

Neil Ritson steps down from LGO Energy I see and the Company will be changing its name. May well be seen by the market as a positive.

[nexus7] 10/5/2017 08:18

From steward1 Today 08:05
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Positive move
This is good news. The new boss has some credibility. I wonder if the pause before the 3rd well was down to this guy - we'll find out this afternoon.

[nexus7] 10/5/2017 08:11

From Alexia93 Today 07:55
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NR & New CEO
For what its worth I reckon NR was forced to resign. The new CEO has a very positive CV. Lets hope as bigmj suggests that we now move Onwards and Upwards....An interesting few days ahead.GLA

[thenorth] 10/5/2017 08:05

Get bigJ to post on here instead??!!

[nexus7] 10/5/2017 08:03

From bigmj Today 07:38
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game plan

So where are all the negative people who slated me now and said that large shareholders cant make a difference, like I said all along if NR failed with his consolidation and placing plan then he will go.
I love it when a plan comes together, onwards and upwards now.
FYI have a look at what happened at SULA when VSA did something similar, price has risen circa 600% since

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From bigmj Today 07:44
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RE: game plan
doesn't take a rocket scientist to work it out, you do the maths.
As I promised some time ago, I am mostly done with posting on this board but will pop in from time to time GLA

[nexus7] 10/5/2017 07:57

From RustinCohle Today 07:54
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Escalating options And half salary for a year in lieu of additional options puts CEO interests in alignment with ours for the first time in years.

[kwizza] 10/5/2017 07:48

Wonder if there will be any more news before the meeting this afternoon

[nexus7] 10/5/2017 07:44

Directorate change, proposed company name change
RNS Number : 6631E
LGO Energy PLC
10 May 2017

[temmujin] 10/5/2017 07:27

wow! Ritson out and Koots on board...this is massive...new man has great form!

[brasso3] 10/5/2017 07:13

Great news!

Nice to see the back of NR.

I liked this bit too:-

Leo Koot has agreed to receive half his fees for the first 12 month in the form of Company stock to be issued at the end of first year at a price of 2.2p per share being the price at the time of the last placement in March 2017 and broadly equivalent to yesterday's mid-market closing price of 2.18p.

That should now make 2.2p a firm base going forward. The new CEO has his interests aligned with investors with that package.

[daithedeath] 10/5/2017 07:06

RNS NR to step down

[nash81] 10/5/2017 00:38

there are two tips.

one is LGO, what is the second one?

[nexus7] 09/5/2017 23:52

From bigdouble Today 22:36
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MeetingT
Confirm bigmj and I will be attending meeting tomorrow. Hope to see a few of you there.

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From bigdouble Today 22:48
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Meeting

NR - its tIme to bring the bacon home, if not time to trott off.

[fardels bear] 09/5/2017 22:20

Pump being the operative word..

[brasso3] 09/5/2017 21:10

Its still 5% of the LGO share capital moving around in 2 hours. There is no smoke without fire. I expect it could continue in the morning as the announcement will be at 2pm.