Share Name Share Symbol Market Type Share ISIN Share Description
LGO Energy LSE:LGO London Ordinary Share GB00B1TWX932 ORD 0.05P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.005p +4.44% 0.1175p 0.115p 0.12p 0.12625p 0.11375p 0.11625p 289,313,390.00 16:11:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 9.5 -11.5 -0.4 - 8.68

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Date Time Title Posts
27/2/201721:10LGO Energy - Oil Producing assets in Trinidad & Spain7,189.00
27/2/201715:26Mr Ritson - about your Ј525,000 LGO investment?42.00
23/2/201711:08LGO Energy - Actively Moderated Thread2,665.00
22/2/201713:00LGO...THE BIGGEST PRODUCER OF....1,079.00
20/2/201716:32LGO 2014...... Moderated thread...... 5p to 25p 47,987.00

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LGO Energy (LGO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
27/02/2017 16:25:150.121,299,5681,501.00O
27/02/2017 16:17:530.127,335,3218,795.05O
27/02/2017 16:16:060.12379,006454.05O
27/02/2017 16:11:200.121,476,6661,754.28O
27/02/2017 15:52:380.12100,000118.80O
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LGO Energy (LGO) Top Chat Posts

LGO Energy Daily Update: LGO Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker LGO. The last closing price for LGO Energy was 0.11p.
LGO Energy has a 4 week average price of 0.12p and a 12 week average price of 0.12p.
The 1 year high share price is 0.43p while the 1 year low share price is currently 0.09p.
There are currently 7,382,999,626 shares in issue and the average daily traded volume is 119,742,928 shares. The market capitalisation of LGO Energy is £8,675,024.56.
12bn: 15. * Finance - Will I lose money as a result of the share consolidation? This is purely an administrative exercise and should have no direct impact on the underlying value of the Company. There should be no gain or loss in value from this change. Some shareholders are concerned about reduced liquidity with less shares trading, however, there is no evidence that with 400 million shares at 2.5p LGO will be any less liquid than previously. Once trading in the new ordinary shares commences they will establish their own trading price. Over time LGO expects to grow the value of the Company and that will be reflected in the share price./////// My guess is if the share price goes to 2.5p after the 20:1 consolidation then it will be massively lower 6 months later. Under 2p 6 months later,highly likely imo,under 1.5p 6 months later,highly possible. Could the share price drop below 2p very quickly indeed after the 20:1 consolidation? Yep imo.
jcgswims: Updated Faqs 12. * Finance - Why is LGO proposing a share consolidation? Guidance from AIM discourages companies from increasing their shares in issue above 1-2 billion. As LGO currently has over 8 billion shares in issue we are acting in a timely manner before being required to make a change. Additionally, increasing the share price to a multiple of a penny allows a wider range of investors to participate. 13. * Finance - What is the impact of the share consolidation on me; the shareholder? We plan to consolidate the 8.4 billion shares by a factor of 20 to create approximately 418 million new shares. The market value of the company will not change, therefore there should be a commensurate 20-fold increase in the value of each share. Note that the shareholders percentage ownership of the Company is unchanged for those holding at least 20 shares. 14. * Finance - How does the consolidation actually work? The ordinary shares are consolidated by a factor of 20 into a new consolidated share. This share is then split into a new ordinary share with the same nominal value as before (0.05p) and a deferred share. The deferred share has effectively no value but is a mechanism to allow the new ordinary shares to have the same nominal value as before. The new ordinary shares are the ones admitted for trading on AIM. 15. * Finance - Will I lose money as a result of the share consolidation? This is purely an administrative exercise and should have no direct impact on the underlying value of the Company. There should be no gain or loss in value from this change. Some shareholders are concerned about reduced liquidity with less shares trading, however, there is no evidence that with 400 million shares at 2.5p LGO will be any less liquid than previously. Once trading in the new ordinary shares commences they will establish their own trading price. Over time LGO expects to grow the value of the Company and that will be reflected in the share price. 25. Operations Trinidad - What is the current situation concerning acquiring BOLT ? (Updated 20.02.17) Under the terms of the BOLT deep rights agreement with Leni Trinidad Limited (LTL), a wholly owned subsidiary of LGO, we have a further payment of US$1.9 million to make when the licence for the agreed activity is issued. That amount is however offset against the 25% of BOLT that LGO presently owns and therefore the net payment due would be US$1.4 million. LTL has recently signed a Sales and Purchase Agreement to acquire the 75%balance of BOLT for US$50,000. That transaction is expected to close by end April 2017. 37. Operations Spain - What is the status of the licences LGO holds in Spain? (Updated 20.02.2017) The extension of the main licence in Spain, La Lora, from 31st January 2017 was not granted. LGO intends to apply for a new concession and is requesting the Ministry to expedite the required process. LGO holds an application for the Hontomin Field but is in the process of relinquishing its other licence 40. Operations Spain - Will LGO continue to hold interests in the Hontomin field, given the expiry of La Lora? (Updated 20/02/2017) Our application for the Hontomin production concession was made on the basis of using the La Lora production facilities. It is therefore necessary to obtain a new concession at La Lora before the proceeding with the Hontomin concession, which as a result is on hold pending that event. 45. Administration - Following the successful October 2016 webinar does LGO plan to repeat that? (Updated 20.02.2017) Yes, the Company is considering repeating the Q&A format in a webinar on a quarterly basis. More information will be published following the planned General Meeting in March 2017.
onceatraders: Indeed arrynillson, I believe the pair of us have been associated with LGO pre-Goudron asset. I am not sure how much Petrotrin influence was in pushing the company to do C-sands. As you are aware there were contract stipulations in renewing the IPSC, which meant LGO had to drill 11 deep wells? (from memory), but they had until 2019 to do those. The language over the years has changed a few times, from Petrotrin insistence to pre-water flood sampling and readiness. Whether it is all true, or NR is looking for someone to take the burden of blame etc is up for debate. It all started so well for LGO, as you know we managed to get the production up from 100bopd to 400bopd in one year, just from the W/O program. This was a target set when we purchased the field, and it was pleasing at the time to see the target met. Oil price, well decline, market sentiment and careless management of the C-sand program all have had their impact here. The recovery is going to be slow, hard and prolonged IMHO. The share price historically is not comparable any longer as the dilution effect has changed the company dynamics fundamentally. For new shareholders there is a good price points to be had, but for old long term holders it is a matter of either getting the average lower, or exiting elsewhere to make up the loss. Back in the 2011-2013, some large holders uplifted stock at 0.40-0.70 range, and subsequently took advantage of the 400% increase and some on the similar decrease. But the lesson was to sell at target, or as close to the target as possible. Some did, and some did not, which is a similar story across AIM or even the whole market. I often look back and see how many mistakes or waste of cash we had, easy to do so of course in the rear view mirror. The biggest cash waste to me is the ARK survey, this cost shareholders $2m in a placing to fund. It was done at a crucial time of share price decline, which effected so many shareholders. The survey was one of those acts that lead me to now believe NR is a cash spender with no regard to shareholders value or protection. If someone can point to a positive input from the ARK survey to Goudron, I would be surprised. I am sorry to say, NR is not the man for the LGO restructure, it needs someone more prudent, some one who is not necessary a oil man either. It is not like Goudron field is unexplored, even I could position a well to hit oil from the historical data available haha. NR has had a excellent run with LGO, gathered plenty of wages, whether deferred or not. But the issue here is simple, he will not go on his own accord, not while there is no one questioning his decisions or he is receiving a full time wage for a part time job. He will need to be pushed, and that may only occur if he becomes a failure once more. His past performance seems to be forgotten for now. I wish you well arrynillson, there is money to be made in a tight channel, but shareholders have to acknowledge the limitations, placed by 2 years of mismanagement. Best regards John (no longer a NR fan)
grannysnuffs: so tell me northy bud, what u got to say about this lloydyboy Posts: 1,717 Premium Chat Member Off Topic Opinion:No Opinion Price:0.1125 View Thread (2)This is an olive branchToday 11:11From granny.... I'm posting it in a bid to bring peace and tranquility to the boards of my main holdings so it is up to the parties mentioned: green room crew, especially legalease, freeasabird and lancygeo, i offer a hand of peace this morning, you either take it or not, stop mentioning granny on here or anywhere else, and i will will leave lgo alone on other bb's and outlets, your doing no one any favours by this guardian attitude, least of all lgo share price and board. no one has a short on lgo, and has for over 6 months, this is what u cannot understand, its nothing to do with shorting, granny crew, bashers, its more to do with placings and production, i offer my hand, you take it in the next hour and were done, im to busy to rattle on lgo, dont take it, and there will only be one ultimate winner............choice is yours
grannysnuffs: freeasabird Posts: 5,761 Premium Chat Member Off Topic Opinion: No Opinion Price: 0.1088 BashersToday 16:20Any comments on the OPEC meeting..with the exception of Billy. yep, the spain oil sold and wti went from $44 to $49, but lgo share price is lower then mondays, whats that tell u dimwit, u rampers on lse are clueless muppets LOL LOL LOL
onceatraders: We now have an conclusion to two items of news flow that were expected by shareholders of LGO. This morning the news that CPS finally sold 11,200 bulk crude as heating oil. I say sold, but at this point it is a commitment, rather then a executed contract of sale. CPS will deliver the oil in December and January, from each point of delivery there will be X amount of days to invoice and be paid. I cannot believe the total disregard shown to shareholders of LGO by the CEO Neil Ritson, in not informing them of the sales price achieved net to the company. I have read LSE this morning, and some infer that this could be commercially sensitive material. But the sale price of crude oil / heating oil is not sensitive at all, it is actually a fixed price, give or take bulk discounts for large trade sales. That argument again falls flat when you consider that the company's accounts for Spain's oil sales is publicly available. I take the view that NR has been driven by a cash crisis at Spain, the longer the non sale of this oil, the more the cash restraint on operational activities at the asset. The Spanish operation is loss making, and has been so, from the time LGO first took over the operations. Any delay in receiving the sales proceeds would have had a severe impact on operations. In my mind, if the truth be known, the work over rig down time is less to do with 're-certification' then actual cash constraints bought on by non oil sales for most of the oil produced for many months of 2016. NR should have been more open here, explaining that the company will potentially receive X amount of euros when the first shipment is delivered and the same for second shipment, perhaps highlighting the payment arrangements as well. He could also have highlighted what this has done for the revenue and operations in Spain since it has obviously impacted it financially. This now take's me to the news that NR is considering a 30 year application, why would you consider that at this stage, when the first application for 10 years is still outstanding. Decision apparently 'after' Feb 2017 now. The CEO of LGO has never been challenged, and while he is left to do what he wants with LGO, why would he bother changing. The second news expected and received was the reporting of the re-completions. I see NR opted for the back door method of quietly reporting them on a FAQ page last night. It begs the question why they were not included in today's RNS instead, a mere 15 hours after printing them on the FAQ page on the company's website. The fee for the RNS was paid, so therefore there is ample space to go into real detail on the results of the re-completions. I will not delve into the actual results, as that information is more or less missing or incomplete. But the method of reporting on the eve of a RNS is the biggest sign I can see of the contempt shown by NR towards the shareholders of LGO. There is now, only the eagerly awaited news on re-financing to come, that will impact the share price more then any current news given. A good deal will see the share price climb, and bad deal will see it plummet IMHO. There is plenty of previous evidence to see what type of news it will be, if some want to take the time and look. Best regards John
nexus7: From onceatrader Today 14:11 ------------------------------------ ChrisJohno I first invested in LGO in 2012, the share price at the time was in the mid 0.60's, and the investment at that stage was a complete punt. Through it all, this board was the best board on LSE by a clear mile, especially in 2013 and 2014, where the shareholders helped each other with information sharing and sensible debate. Those shareholders enjoyed a immense ride from the lows of 0.60 to the highs of 6.95. Every investor in every share will not only buy one day, but they will also sell, indeed that is a market for share dealing. I called the CPR wrong, but you forget that I called the rise correct. There are many things that could have been done differently in the past few years, whether that applies to LGO, the board, the CEO or the shareholders, but one thing we can all still do the same is post on a forum without fear of being attacked or ridiculed by a poster who has consistently used this as his debate tactic. Freasabird normal retort is 'you are a shorter', but if he really had any idea of how the shorting of shares is performed, he would be much the wiser. You will not find a provider to give you a quote to short this £8m MCAP stock. As a matter of fact, shorting this stock would be a very high risk action at this share price, if indeed you could get one on in the first place. So the regular excuse of 'you are a shorter' or the shorting action is the reason why the share price is low is flawed. The reason why the share is 0.1025 today is the continuous placings at ever lower prices for the last year or so. Posters like freasabird forget it is simply not just the shares getting absorbed, but he resulting shareholders who take the shares now holding them at a ever lower share price. This results in them off loading the shares on any rise, and we get the 'pinned back' effect. If posters like freeasbird took a little time to draw a breath, leave out the childish remarks and the constant bashing of other posters, and actually look at the fundamentals, including the real impact of each placing. Then they would have a much better understanding of the past, present and future of LGO. There are a couple of posters who do deserve to be berated for a continuous negative approach to LGO, but that hardly gives anyone the right to include others who are just offering a opinion or engaging with genuine shareholders. I must post on here once a week, and that one or two posts on the given day are followed by the usual childish rants. Can no one else see why others are refraining from posting here lately. Best regards John
data1t: Let me check if I can copy and paste a link to an article unrelated to LGO to see if any gullible readers think this can push LGO share price higher a la nexus7
nexus7: From Stotters Mon 21:06 ---------------------------------- Share price I regularly see people predict future share prices, based on a company's previous share price. Few people seem to acknowledge that an increase in the number of shares in issue can lead to a permanent reduction in the future share price. Which is a little alarming! The share price in September 2014 was 6p. At that time, there were around 2.5bn shares in issue. Now the share price is 0.14p and there are 5.86bn shares in issue, which is x2.344 greater than before. If the current share price were to increase to 3p, that would be the equivalent to a previous share price of 3p x 2.344 = 7.03p .....which is greater than the highest ever LGO share price This would be an MCAP of £175.8m. Where would that value come from? Stotters ===================================== From Stotters Mon 23:08 -------------------------------------- RE: Share price No. The debts are not yet resolved, and the EOR is not yet funded. After they are sorted out, maybe. I just looked in to see the reaction to the recent RNSs. I thought that I would just try to reign in some over exuberant posts. Stotters
edgar222: Rosannan I think you have Ritson wrong. The alternative view is that he saved LGO and has manoeuvred Solo to a great position in Tanzania (and Gatwick). Yes with dilution but you presumably bought Solo knowing it was a portfolio investment company that periodically issues to invest? He cant be blamed for the drillbit problems at LGO or the financial collapse of Oil. Listen to the Lenigas audioboom interview for what he thinks of the tanking of the LGO share price. (In short its wrong and he is still buying). Yes hot air save that he is putting his money in. So in both Solo and LGO there is hope on the horizon. IMHO
LGO Energy share price data is direct from the London Stock Exchange
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