Lekoil Share Discussion Threads

[jailbird] 22/7/2016 03:34

Although the statement clearly says : 2Billion Naira (US$10Million), Lekoil’s spokesperson Hamilton Esi explains that this particular loan will not be converted, it is going to be used for settling Naira denominated transactions.

Lekoil says that “following the successful drill stem tests at Otakikpo which produced oil flows in excess of company expectations(12,088BOPD on 36/64 inch choke, from two sands), the company reconfirms that it is on track to complete Otakikpo within the original US$82Million capital expenditure budget that was estimated in 2014.

“As an indigenous Nigerian E&P company, Lekoil is pleased to secure funding from one of the key local lenders, FBN. The Company has the flexibility to pay a portion of its costs in Naira, and expects to draw down on the Naira facility as needed. The facility has no pre-payment penalty”.

[jailbird] 22/7/2016 00:44

This is a new link to me, maybe other have seen. Seems recent though https://youtu.be/SOfebRkUgZU

[ngms27] 18/7/2016 07:41

It's already 9 months late what's another month or two...

[coxsmn] 16/7/2016 18:47

End of June plus a couple of weeks for well testing, expecting news on start of production imminently. dyor

[jailbird] 16/7/2016 17:16

Recently stock market analysts have updated their consensus ratings on shares of Lekoil Ltd (DI) (LON:LEK).The newest analyst ratings which are still in issue on Thursday 14th of July state 5 analysts have a rating of "strong buy", 0 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell".

[jailbird] 15/7/2016 08:31

They debt in place now No need for dilutionThey will be a oil producing Co any day soon

[fsawatcher] 15/7/2016 07:30

this is not a proper company

listed on lse but havin agm's in Nigeria.

Dodge stuff, stay well clear , they raise more money soon coz market not buyin into their bullshiit and moving share price

one of worst stocks on aim

Annual General Meeting ("AGM") will be held at the Company's offices in Nigeria - Churchgate Tower 1, 9(th) Floor, PC 30, Churchgate Street, Victoria Island, Lagos, Nigeria - on 8 August 2016 at 11:00am local time.

[jailbird] 14/7/2016 16:15

some largish trades on the buy side recently.

This has prompted me to buy in now...so fingers crossed this has turned the corner now as moving to production now

[jailbird] 14/7/2016 16:10

3:31:00 17.4737 4,100,000 O 17.7500 18.0000 ?

[jailbird] 14/7/2016 08:16

So Senator holdings are probably out now.

Credit Suisse ( already over 6%) and Baron holding now have together bought 13% of the Co

[coxsmn] 09/7/2016 11:36

Lek is features in this weeks IC mag, Buy.

[ngms27] 08/7/2016 08:53

I'm inclined to agree, he seems to cosy up to the BODs rather than be totally objective all in my opinion of course.

However I still believe there is value in LEK though it does stink so one has to be wary.

[coxsmn] 30/6/2016 12:30

China has agreed an $80 Billion 5yr investment deal in Nigeria Oil and gas,http://allafrica.com/stories/201606300152.html

[trickster1] 30/6/2016 10:00

Bonjourno

My Baby is shining

[fsawatcher] 27/6/2016 16:20

"I have had a strong recommendation from an industry expert"

there are no industry experts and that include malcy

wot he means is a desperate broker called him sayin can you pump lek oil to the muppets please and we'll sort you out with a nice lunch

invest in nigeria companies and you might jus email your account details to nigerian bank nows

corrupt to the hilt

[jailbird] 22/6/2016 13:50

Sorry who is Malcy?

[jailbird] 22/6/2016 08:59

Thanks Fang?I glad they have this funding in place now. However I still cannot understand the interest rate?Let's hope they do not need to tap into this facilty too much.Disappointed production date has slipped by a quarter though.Hopefully it will be early in Q3

[jailbird] 20/6/2016 21:52

Upto 20%.. why so high ? Risk must higher that is why the extortionate rate... Or rather not say .Talking about Q3 from Q2 for commercial production now.

[fsawatcher] 20/6/2016 10:01

nigerian banks bailing lek out

ha ha ha

more like corrupt money men just fundin their own company and gettin 20% interest

if you own shares in lek, jus sell the proceeds and then wire the money to a man in nigeria who has a great opportunity for you

mugs

lek oil and nigeria - jus nuther afren

dodgy , very dodgy