Lekoil Share Discussion Threads

[jailbird] 29/7/2016 16:21

06/30/2016Offshore staffLONDON – Lekoil has issued an update on the progress of various studies of the PL 310 block offshore Nigeria, which includes the potentially large Ogo oil discovery.Last year the company lifted its interest in the concession to 40% (subject to Ministerial consent) after acquiring one of the licensees, Afren Oil and Gas.The OPL 310 license is in the Upper Cretaceous fairway that runs along the West African Transform Margin. The block extends from the shallow water continental shelf close to Lagos out to deeper water.The main prospects, aside from Ogo, are in water depths ranging from 100-800 m (328-2,624 ft) and are all close to the West Africa Gas Pipeline.Ogo-1 intersected a gross hydrocarbon section of 524 ft (160 m), with 216 ft (66 m) of net stacked pay while the Ogo-1 ST well encountered the same reservoirs as Ogo-1 in addition to the syn-rift section which penetrated a 280-ft (85-m) vertical section gross hydrocarbon interval.Based on data collected from the two wells, the partners estimated P50 gross recoverable resources at 774 MMboe across the Ogo prospect four-way dip-closed and syn-rift structure.Due to the block's size the OPL 310 partners agreed to acquire 3D seismic in order to high grade and de-risk other prospects surrounding Ogo. In May 2014, they completed a 1,505-sq km (581-sq mi) program that covered roughly 80% of the acreage.Processing and interpretation started in 2H 2014 and has been completed.Lekoil and partner Optimum are considering spudding an appraisal well in 2017.06/30/2016Share your news with Offshore at [e-mail]

[jailbird] 29/7/2016 16:16

They got hold of more stock

[alamaison5] 29/7/2016 16:15

Now 4 the Otakikpo marginal field;
Production bonus of $4M to be paid after production commencement and ministerial consent

[jailbird] 29/7/2016 16:12

194k sold at 16.3p

[alamaison5] 29/7/2016 16:07

hxxp://www.offshore-mag.com/articles/2015/12/lekoil-set-to-lift-stake-in-ogo-offshore-nigeria.html


OGO: According to Afren’s review Ogo-1, drilled into a four-way dip-closed structure in the Turonian to Albian sandstone reservoirs, was one of the world’s largest discoveries of 2013.
Estimated recoverable resources in the 774-1,180 MMboe range, with upside potential for light oil or condensate-rich gas in the syn-rift play.

[alamaison5] 29/7/2016 16:04

Well re-entry operations on Otakikpo Well 003 began in June 2016 targeting the E1 and C6 zones. The Company expects to start commercial production from both Otakikpo 002 and 003 in Q3 2016.

[jailbird] 29/7/2016 15:30

You mean Ogo?

[ngms27] 29/7/2016 15:15

I want a rocket to the moon.

Except that wont happen until they appraise the big one.

[alamaison5] 29/7/2016 15:09

There is only 10,000 available at 17.5p then 19p.
Daily volume increasing, news expected Monday or up to the AGM next week.
Time to trade and remember to get in now as this is about to rocket!

[alamaison5] 29/7/2016 10:58

Another big buy (100.000) must have gone through!

Bid dropped to 16 after aprox 10,000 AT trade sold at 16.25p.
Few second later it jumps to 16.75p, lol.

ASK:
17p 8680 CFEP LO 10:51:00 (these are now gone/been bought 45mn later)
17.5p 10000 CFEP LO 07:51:00

Then 18,19 etc...

Bid (completely out of sinc):
10:51:00 BMCM LO 5278 15.75
10:17:00 BMCM LO 10000 15.5

If no AT trade goes at 16.75 it means they they really have no shares left for sale.
Next 17.5p on the list.

[alamaison5] 29/7/2016 09:59

CFEP ask is on 17.5p and looking at selling 10,000 shares only.
The next one is
CANA but a big jump to 18p for 50,000 shares only.
Then again we have the next ones on 19p! 5 x 10,000 shares.
They all are very short.

The bid: is at 16p (real 16.40p)
WINS and they need 10,000.
Then 15.25p, lol

[jailbird] 29/7/2016 08:24

keep the commentary on trades going..all interesting to see how this unfolds

[alamaison5] 29/7/2016 08:12

STAKE BUILDING:
This share has been voluntarily been played with to allow big players to buy cheap shares. Hardly any AT trade going through...

1 17.0 100000 UT 16.25 16.75 08:05:21 100,000

Auction that's why... 100,000 Gone at 17p....
bid: 16.25
ask: 16.75
SOLD at 17p, wellll great then!

[alamaison5] 29/7/2016 08:03

LEK: Can't buy/sell at 8:02??

[alamaison] 28/7/2016 16:41

Bid is buyers
Ask is sellers
10,000 shares @ 16.75 closing price or UT ("uncrossing trade"0 or last auction of the day.
I doubt very much that we will see this stupid/silly price ever again.

LEK assets are maaaassives and come vellly vellly cheap too!

[jailbird] 28/7/2016 16:23

So explain ask/bid now ?So you can buy a 16.62p

[jailbird] 28/7/2016 10:39

Monday , I am expecting oneBut completely speculation on my part

[alamaison] 28/7/2016 10:06

I have a RNS feeling!

[alamaison] 28/7/2016 08:02

Real live bid is 16.75p at 8:00 for 15,000 shares.

[alamaison] 27/7/2016 14:07

Bid up again, 16.9p.
Nope 16.50p close, was hopping higher.
With 3 shares they've made the price drop by .5p. Mad world hey?

Well it shows something. That we have reach a bottom.
Just have to wait for these great news now.

[alamaison] 27/7/2016 12:31

Yep, 100,000 at 16.75. And believe me; they need more as the bid hasn't change.
Can't wait for the AT trade to start kicking in.

[bakero] 27/7/2016 11:34

That's the one!

[alamaison] 27/7/2016 11:21

With no volume the bid went from 16p to 16.5p in 4h trading.
1) We have more buying in the background
2) We have another big order coming
3) MM's are short of share as they have sold what they do not possess

Live bid is 16.75p

[alamaison] 27/7/2016 09:24

BAKERO:
Check this out:

[alamaison] 27/7/2016 08:10

Do not worry. The real bid id 16.75p, lol
It seems that they are desperate for shares.
Look at the buying spree last week. 100,000 here, 100,000 there. All at 17p or more. If the MM are artificial keeping this low it's for some obvious reason.
PROFIT INCREASE

Also, don't forget, they will need to buy these share back at a higher price...