Lekoil Share Discussion Threads

[alamaison5] 26/8/2016 09:32

LEK: Can compete with Saudis. The extraction cost is minimum. Look at the bid today 15.75, then 16 now 16.50, lol.
Check SLE RNS this morning. Moving to Nigeria. Chevron is there and many big ones.
LEK is becoming one of them as we speak!

[andy pipkin] 26/8/2016 09:17

producing a commodity with a global glut in a dodgy part of the world.

Whats not to like?

[jailbird] 26/8/2016 09:00

producer is always positive step for the Co...it is a mjor turning point in it's fortunes.

Oil prices will be volatile. But I do not se sub $40 oil now.

There is alot of contradictory data on oil inventories , supply/demand.

At the mo, this whole thing is about the Saudi and Iran..Shiites and the Sunnis trying to control the price.

[ngms27] 26/8/2016 08:56

I disagree. The production will be marginal at the current POO.

The real price mover will be the appraisal of Ogo, I expect a farm out deal first. This will probably spud in 2018.

Until then Lek will likely be a play on POO

[alamaison5] 26/8/2016 08:41

As news could pop out any time, today should be a good day because of the bank holiday.
The company is actually value at a 10th of it's assets.
The transition from been an explorer to a producer is transformal. In every term...

[jailbird] 26/8/2016 08:34

Actually I will be happy once it breaks 20p then 30p...

[alamaison] 25/8/2016 22:22

bushman1 25 Aug '16 - 18:59 - 3064 of 3068 0 0
A la maison, well done for maintaining a positive approach.
Your posts are well researched and informative.
Lekoil are focused and committed to establishing the company as a leading Oil producer in Nigeria. It's that simple.
After the demise of Afren, this company should do well.
So, don't get concerned about negative posts.

That was nice of you, thanks!
It's all about research and patience. I trade as well as invest. Made a killing with CHAL this morning. Bought last knight at 22.50 sold at 27.25 today. £5k in less than 24h, lol.
I am loaded with LEK, nearly £10k and the more I buy the more I research. The more I research the more I buy.

PS: What negative post? I only read whats interest me, not children gibberish, lol
The man has very deep trauma. I call it the gamblers trauma. Blaming others for his personal issues.

[alamaison] 25/8/2016 22:12

I have spoken to him, late today and he loves the prospects.
Malcy has been trying to organise a meeting with LEK directors since June.
But as every one knows, lost of them, taking turns, have BEEN ON SITE supervising the operation from Nigeria.
A very exiting time indeed, in his own words.
The transition from been an explorer to a producer is exhilarating.
-"Reaching a long term ambition"-

[andy pipkin] 25/8/2016 20:34

ala doesnt do facts. Just pure, unsubstantiated, juvenile ramping.

[jailbird] 25/8/2016 20:22

AlaMalcy post was in June !!!He has given no update since... Did he not like what he heard?

[andy pipkin] 25/8/2016 19:07

People should ignore alamaison. He's clearly a fruitloop and doesnt know what he's doing.

[bushman1] 25/8/2016 18:59

A la maison, well done for maintaining a positive approach. Your posts are well researched and informative. Lekoil are focused and committed to establishing the company as a leading Oil producer in Nigeria. It's that simple. After the demise of Afren, this company should do well. So, don't get concerned about negative posts.

[alamaison] 25/8/2016 18:51

To read: The guy is what I call a well respected oil guru:
hxxp://www.malcysblog.com/2016/06/oil-price-sound-energy-enquest-amerisur-sundry-wood-group-lekoil-oil-gas-council-finally/

[alamaison5] 25/8/2016 17:03

One more thing:

We are on support level.


RSI are based on the closing price.


So it's a good sign as we bounced from support.

[alamaison5] 25/8/2016 16:52

You don't see the point. It means that tomorrow we'll open at 16.25 to 16.50p.
The machines runs the show. The machines are not telling sell. They telling buy.
Also, the bank holiday will help. The were buying at 17p yesterday the pave the way for the rise. So, we'll less/no sellers at 17p. So the jump will go straight from, lets say 16.75p to 17.50p with very little or no resistance at all.
If we get the news then its a different story, lol.
I learn the trade on the field.

[jailbird] 25/8/2016 16:43

Not making money at these prices

[jailbird] 25/8/2016 16:42

It is always a good close whether we are 17p or 16p...When we close above 20p , then I will call it a good close

[alamaison5] 25/8/2016 16:38

Good close. Above the ask @ 16.25p for 14,000

[jailbird] 25/8/2016 16:30

Nigeria is not without risks of course But I have a good feeling about this one There was a director buy at 18.75p skittle while ago too

[alamaison5] 25/8/2016 16:04

Hi,

The most recent release indicated Q3 for commercial production and first cargoes. This timeline is still intact.
We are making good progress on the ministerial consent front. Photos may be available on the site after the start of commercial production.
Best Regards,

Lekoil

[alamaison5] 25/8/2016 16:03

That's what we all do. Don't we? MM included.
The fundamental (oil assets, funding, management...) all there. Not to worry...

[jailbird] 25/8/2016 15:59

Let's hope you get that right !!Still 13p or 15p does matterYou can get more shares for you money hence more profit if it rises

[alamaison5] 25/8/2016 15:52

Yep, but the news too! And who cares about 15p or 13p when this will be over 24p in less than a month, lol