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Share Name Share Symbol Market Type Share ISIN Share Description
Lekoil Limited LSE:LEK London Ordinary Share KYG5462G1073 ORD USD0.00005 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1.75 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 31.7 -3.7 -1.5 - 9

Lekoil Share Discussion Threads

Showing 9501 to 9520 of 9525 messages
Chat Pages: 381  380  379  378  377  376  375  374  373  372  371  370  Older
DateSubjectAuthorDiscuss
24/11/2020
11:42
Really think we need to know why the NOMAD resigned to understand the chain of events. I don't get the gap between the approach and the resignation. If known a week ago the content in yesterday's RNS had to be released a week ago. I'm very much against conspiracy theories but I am beginning to wonder how such assets managed to be valued so low. The 310 debacle - well could this be part of bringing the price down to these bonkers levels? Did the Chairman leave in September to leave another to be the fall guy? Steering the company to a place where they have the assets but no finance to make progress for many years seems difficult to achieve without design. Could the company be looking to take it private themselves - by first taking out the NOMAD relationship - then once the other party saw what could happen it forced their hand with yesterday's RNS. However looking at the names in the last RNS makes me think that the company wil be relisted - certainly after looking at Eland's historic share price performance - and perhaps LEK can be the vehicle for them to do the same. Wonder if another party indicates their intentions - there just seems to much money to be made.
josephrobert
24/11/2020
09:50
Not trades
mr woodland
23/11/2020
22:21
I'll read the takeover code tomorrow to see if it helps
josephrobert
23/11/2020
22:20
Even if it is not relisted then I am sure you will get more for your shares than last week.
josephrobert
23/11/2020
22:18
Fair enough GS - clearly an offer has not been made.
josephrobert
23/11/2020
22:16
Thansk GS,realised that I missread the RNS,and adjusted my second post. Makes more sense now; this feels like this busts the balls of the takeover code. Unless we know otherwise the NOMAD resigning fits into this earlier post - Ianio5691 - 16 Nov '20 - 11:27 - 9191 of 9200 - Part of a ploy to take the Company over on the cheap or take it private? This strategy must have been done before, but does anybody know of a similar example? Like I have mentioned in earlier posts this has been damn cheap for too long, then COVID19 Vaccine announced closley followed by the oil price on the way up, then this takeover. As an aside does this theory fit in with the Shell PrePayment facility being repaid recently.
josephrobert
23/11/2020
22:15
Thansk GS,realised that I missread the RNS,and adjusted my second post. Makes more sense now; this feels like this busts the balls of the takeover code. Unless we know otherwise the NOMAD resigning fits into this earlier post - Ianio5691 - 16 Nov '20 - 11:27 - 9191 of 9200 - Part of a ploy to take the Company over on the cheap or take it private? This strategy must have been done before, but does anybody know of a similar example? Like I have mentioned in earlier posts this has been damn cheap for too long, then COVID19 Vaccine announced closley followed by the oil price on the way up, then this takeover.
josephrobert
23/11/2020
20:23
Just odd - never heard of a takeover this way. Seems off that NOMAD resigns, a week goes by, gets suspended, then a takeover announced. Guess the other party needs 50% of the votes. Whatever happens shareholders should do well but it will take some time - months - until the process is completed.
josephrobert
23/11/2020
19:18
Wow. Takeover. At last. Michael Onochie Ajukwu - Oil and Gas Specialist in Banking etc, Thomas Donald Richardson - Nostrum Oil & Gas - and George Maxwell - of Eland Oil & Gas which got taken over by Seplat Sure wish I was holding now. Don't understand why the NOMAD resigned. Conflict of Interest?
josephrobert
22/11/2020
15:22
Hi I am new is time to buy this price?
mr woodland
20/11/2020
17:47
Well I sold up completely over the last few days; I had plenty,and sold each day this week. Unless a NOMAD resigns as it withdraws from offering the business to any company then I can't see any good will come of it. The NOMAD confirms the appropriateness of the company for listing to the London Stock Exchange, so it looks like something seriously has gone wrong for it to resign. Certainly based on what I understand of what drives this company, the progress it has made, both highlighted by the debacle of the 310 finance package that never was, I, rightly or wrongly, don't believe another NOMAD will take this on. Doesn't matter why, we might not know exactly why the NOMAD resigned. Monday will give a us an RNS and that may tell us something. Very little selling this week as I guess most are seriously under the water and are using the stock more as an option and there is no clarity why they should one way or the other. The largest shareholder semmed to stop buying at the 2.6p ish level a few weeks ago and I wonder if it knows more than we do. This CEO sure has appeared to have screwed these great looking assets up, at least for us. Still scratching my head about the NAMCOR RNS, let alone the Shell facility - in reality did Shell ask it for it to be repaid? The two largest share transactions this week were buys, and the share price hasn't fallen off a cliff,so I hope there is a pleasant surprise on Monday.
josephrobert
20/11/2020
07:49
I couldn't see any content either. Didn't pay though, you do get a limited number of free articles a month and hadn't used those up.So, we are suspended at 07.30 on Monday if there isn't a NOMAD in place by then, and we presumably haven't yet paid Optimum the £2M due at the end of September, or will be paying the £4.6M that is due in 10 days.
bakero
16/11/2020
22:36
I paid £2 to view the hTTps://www.shareprophets.com/views/52310/lekoil-so-when-did-the-nomad-quit-and-why - but there was no content. Has anybody else tried to view it?
josephrobert
16/11/2020
22:26
Alamaison wasn't keen on LEK at the end LEK is crazy cheap as this tweet shows hTTps://twitter.com/OilGasTracker/status/1328359069359480832 But the elephant in the room sure is the NOMAD resigning. This company does feel like it is making it's life difficult for itself The repayment of the prepayment facility announced a few days ago is odd as from the 13th July the RNS stated -- LOGL expects to raise, according to its participating interest, its own portion of the required funding for the first two wells from a combination of offtake financing from a subsidiary of a major international oil company and cashflow from existing production. Funding for subsequent wells is expected to come from the cashflow generated by incremental production. That was far fetched in itself unless the oil price jumped xfold. Presumably on the same low oil price scenario they loose 310, which has the 'potential' to be a world class asset. Maybe the NOMAD resignation has something to do with the repayment of the Shell facility - the timing is right after all.
josephrobert
30/10/2020
09:15
Good price buy
zxie
29/10/2020
21:37
Well, no reaction to that RNS. Interims tomorrow and perhaps we get to find out what is happening with the missed 30/9 $2M payment, and perhaps the $4.6 due at the end of November.
bakero
29/10/2020
08:05
Nice to know at least SOMETHING is happening in the background. Doesn't answer the current funding gap though, or what is being done to develop our main assets....
ianio5691
29/10/2020
08:04
Interesting RNS.... Lekoil Limited Strategic Alliance Agreement with NAMCOR Strategic Alliance Agreement with NAMCOR Exploration and Production LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and Africa, today announces that it has entered into a Strategic Alliance Agreement ("SAA") with NAMCOR Exploration and Production (PTY) Limited ("NAMCOR E&P") through its subsidiary, LEKOIL Exploration & Production (PTY) Namibia Limited ("LEKOIL Namibia" or the "Subsidiary"). NAMCOR E&P, a subsidiary of the national oil company of Namibia, namely the National Petroleum Corporation of Namibia Pty Limited ("NAMCOR"), seeks to invest capital in the acquisition of interests in well-managed oil producing assets in politically stable jurisdictions as a means of securing long-term sustainability. The SAA will leverage the technical capabilities of the respective parties towards the joint evaluation and acquisition of low-risk quick-to-production oil and gas assets across Africa. LEKOIL has a long-standing history in Namibia with its holding of an 80 per cent. stake in LEKOIL Namibia, providing an entitlement to 90 per cent. of income distributed by the Subsidiary. LEKOIL Namibia previously owned a 77.5 per cent Participating Interest in two Namibian offshore exploration blocks (Blocks 2514A and 2514B) and continues to maintain a strong relationship with NAMCOR. Lekan Akinyanmi, LEKOIL's CEO, commented, "We are excited by this opportunity to work with NAMCOR again in evaluating and subsequently investing and developing high value assets within Africa. We look forward to benefitting from the synergies of this partnership as we share our considerable technical experience in oil and gas development and production in Africa." Immanuel Mulunga, NAMCOR's Managing Director, added, "We will greatly leverage from LEKOIL's wealth of experience in operating and managing oil producing assets, as well as its deep knowledge of key African markets. At the same time, I believe LEKOIL will benefit from strategic commercial relationships that NAMCOR, as a national oil company, enjoys with a number of oil majors."
ianio5691
24/10/2020
21:30
we need some news, some good stuff at that!
marky23
20/10/2020
09:14
Bit of buying interest this morning - LEK even made the leader board!
ianio5691
Chat Pages: 381  380  379  378  377  376  375  374  373  372  371  370  Older
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