Lekoil Share Discussion Threads

[laserdisc] 08/2/2016 13:32

they have cash of approx. 30m I think the present cashflow will not be denting their cash just yet

[fsawatcher] 08/2/2016 13:06

how much cash have they got left?

must be burning through it with oil at low 30's

[coxsmn] 04/2/2016 19:37

hxxp://bloom.bg/1P9h8wn

[laserdisc] 01/2/2016 10:16

I added some @16.5p

[jailbird] 01/2/2016 09:52

Decent volume this morning

[sabzahmed] 31/1/2016 14:12

Thanks Laser

[laserdisc] 31/1/2016 12:52

last presentation was 3/12. I am looking forward to sesimic data and volumetrics for Ogo, they said early 2016 so one would expect some update in next 8 weeks or before

[sabzahmed] 31/1/2016 12:37

I've been reading on this co and really like the fact that it has cash and its break even point is about 30 a barrel.I think it's the right time to dip my toe in now at this bargain price. But before I do, can anyone help me with a couple of questions pls?...Has the detailed plan for this year been shared yet? I know in the Dec RNS they say they will share soon. Also what is the next bit of info people are waiting for? I've read 'news anytime now' in a few BB's?Thanks for your help

[fangorn2] 22/1/2016 15:35

Scamming the Nigerian way...

First it was C$0.80

then

C$0.35!

now

C$0.25


All subject to "a Financing Condition"

Yet another farce involving a BEE organisation that has struggled to raise any cash..

What next - a C$0.12 bid!!!

Farcical.As indeed is Nigeria.

[purple11] 22/1/2016 08:01

in for a few @15.25 gla

hxxp://www.barrons.com/articles/goldman-expects-oil-rally-sees-prices-popping-soon-1453223508

[laserdisc] 21/1/2016 09:24

large late trade now showing from yesterday value £238k !!
20-Jan-16 15:09:00 15.50 1,540,509

[coxsmn] 14/1/2016 18:42

Lekoil has shrewd management, only recently purchasing World Class reserves from Afren at very low price per barrel and as Laserdisc stated they have no debt, yes no debt and cash in the bank.

[laserdisc] 14/1/2016 14:37

big factor here also the co has no debt happy to hold

[fangorn2] 12/1/2016 20:49

Hilarious.

Lekoil was the safe west African buy.....Nothing safe about nigeria and sticky fingers...

[jailbird] 12/1/2016 19:48

Thee a re good recovery buy, but it looks oil will drop lower yet. Unfortunately $30 oil is Lekoil' breakeven price, which seemed a great low cost price to produce at.

Once we are above that and stabilises this will be a great buy. hopefully their cash will get them by the downturn cycle.
Otherwise this will be hit has all the others just as much

[cyan] 12/1/2016 19:26

Nothing is safe or certain in the Oil game .

" Lek Oil – the safe West African Play: Buy at 59.75p – target 150p"

By Chris Oil | Wednesday 3 September 2014

- See more at: hxxp://www.shareprophets.com/views/7539/lek-oil-the-safe-west-african-play-buy-at-6975p-target-150p#sthash.vvw0E4OU.dpuf

[jailbird] 07/1/2016 08:14

$30 barrel (Le k breakeven)..coming...could these egt cheaper still?

[ldlv] 30/12/2015 19:30

OPL 310http://www.ngrguardiannews.com/2015/11/court-grants-firms-injunction-over-afren-plc/Any comments in regards that injunction?? How will that affect OGO.

[wilk1] 30/12/2015 16:15

Just taken 30k below 18. A cracking buy I believe.

[jailbird] 30/12/2015 03:43

OPEC refuses to reduce output and Iran oil to produce 1 million barrels/day will put more pressure on oil

[flyingbull] 30/12/2015 01:57

The monthly oil stock competition for January 2016 as well as the 2016 annual oil competition are now open for entries. Deadline for entries for both competitions is midnight on Sunday, 3 January 2016. All the best in 2016!!!

[laserdisc] 29/12/2015 21:59

yes I am a drip buyer of lek I am also holding hur following crystal ambers stance on that one. I believe they are still accumulating. I have been in lek sometime sold out and bought back originally zengas was in here don't know if he still holds

[jailbird] 29/12/2015 21:19

thanks for that.

I have a relative who works in oil and gas.
He advised drip buying oil Cos that have low cost curve and can survive the next 6-12 months.
The reason for drip buying is because he believes oil will fall into $20+ before recovering. It is all about political games here and to clear the glut.

[jailbird] 29/12/2015 10:51

you have a link ?