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This is a continuation of my previous article which has recently had renewed interest.
https://uk.advfn.com/newspaper/anthonywintle/34860/lgo-and-a-2000bopd-question
I have followed the LGO story for a long time and have enjoyed watching it go from strength to strength. I decided two months ago to write an article highlighting what I believe is the pivotal point for LGO’s growth.
The point in question is the 2000bopd threshold for reasons I described in the above article.
In the next few days/ weeks we will be given an RNS declaring production from the most recent pad. If the production can heavily exceed the 2000bopd benchmark then I fully expect that LGO will reduce the choking on the other wells and push production to an all time high. If not then I expect the next pad (4 wells) will be the pad to be in for.
Either way LGO is currently a bargain at 2.75pps to buy and in fact is sat right on the lower bollinger band meaning it is also a technical chart buy. With news coming I expect this buy price to be a distant memory and that this could be a real opportunity to buy technically and speculatively.
When LGO comes good don’t forget who called it right when every other tipster was saying production will be falling.
Thank you for reading and as always,
All in my opinion and not to be taken as fact nor advice.
Always seek professional advice before investing in any company.
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