Lekoil Share Discussion Threads

[stun12] 03/10/2017 15:07

Yet if, as and when it gets back down to 15-15.5p, you'll be all over it to buy again.

[alamaison5] 03/10/2017 14:39

Another 10,000,000 shares sold, lol.

[coxsmn] 30/9/2017 09:16

Oil price rising with forecast for higher demand and opec production cuts. Speculation of $60 by year end.

[coxsmn] 29/9/2017 17:37

I think we are going to see some good times return here over the coming 6mths, looking at 30-35p assuming things go relatively smoothly.

[bad gateway] 29/9/2017 10:25

Thanks coxsmn thats what I was coming up with too, also noticed that the lek listed only has a 90% economic interest in lek africa/nigeria(?) with the founders keeping 10% economic interest so the amount shareholders were due from the tankers oil is coming down again and leks no's looking a bit more correct imo.
Wasn't a case of not paying attention ala I just think you jumped the gun a bit with your accusations about the co' stealing cash based on the tanker payment and wanted to check.

[alamaison5] 29/9/2017 09:06

Now we talking. At least someone is paying attention, lol.
17p seems to be holding. But for how long?
No news before Dec now...If any...

[coxsmn] 28/9/2017 18:13

Refer to presentation dated 14th September on company website:

40% working interest, 88% economic interest*

*during cost recovery.

Reading the results today, outgoings were very high over the past 12mths (i hope management are being prudent with spending). I would like to know how much these costs are likely to fall now production is up and running. The next set of results should be very telling with this and 6mths production profits factored in the accounts.

[bad gateway] 28/9/2017 15:06

I attempted to copy this from the lek website ala. Can you confirm what the economic interest in the tanker was for lek?

img src='hTTp://www.lekoil.com/assets/images/content/continental-africa-map-updated_March16.gif'>

[alamaison5] 28/9/2017 14:55

What has this to do with oil price, lol?
$27 a barrel is out of order. Pure corruption.
Over 40% of that money is gone. Where?

[coxsmn] 28/9/2017 12:36

Results are for period ending 30th June so production had only just started.

[alamaison5] 28/9/2017 11:55

Also, they were meant to get a $10m payment on first oil.
This is no where to be fund, or is it?
Such badly written and confusing RNS. Always.

[bad gateway] 28/9/2017 11:46

Take it they have a partner at otakikpo too as in the june 26th RNS they state "the Company is due to receive its share of the payment for this crude within the next month."

So first revenue you quoted would presumably represent their share of the crude payment not the entirety of same?

[bad gateway] 28/9/2017 11:14

ala you'd need an accountant to check anything i say but on first look they do have trade receivables of 1.13m to add on to your no.s there according to note 10..

(a) Trade receivables consist of balance due from the crude offtaker from the proceeds of the second lifting.

[coxsmn] 27/9/2017 21:21

Half year results likely Tomorrow.

[alamaison5] 22/9/2017 12:13

LEK: 17p to buy and falling. 15p coming.
I have waited and now I see, lol.
Good long term. 3 years. Short term buy at 15p.

[imjustdandy] 20/9/2017 07:16

Disagree - results this week or next. Wait and see

[coxsmn] 17/9/2017 07:46

Last year it was 29th September.

[imjustdandy] 16/9/2017 14:50

Half year report should be next week hopefully

[sleveen] 15/9/2017 16:47

Let's see what the interims bring.