Lekoil Share Discussion Threads

[ianio5691] 20/6/2019 10:26

Wow... rerate!

Has Jennison finally cleared.

Could go ballistic if so...

[letmepass] 20/6/2019 08:55

Also check out ENET for longer term

[newtothisgame3] 20/6/2019 08:53

i could have missed the 353 trade as i was busy the last few days

[newtothisgame3] 20/6/2019 08:53

IM betting they are finished watching for a trade ending 353

[jungmana] 20/6/2019 08:51

As of the 11th of June the seller had 21m left. Should be a lot lower now with the volume over last one week

[jungmana] 20/6/2019 08:50

Must be the cheapest oil producer on the market today?

[letmepass] 20/6/2019 08:45

Wow.. Just bought some more.. Crazy to be able to buy at this level

[newtothisgame3] 20/6/2019 08:42

on the 11th June Jennison Associates 21,358,353 3.98 but they must be about cleared loads of 500k sells stopped yesterday just waiting on the tr1 they must be finished watch for the sudden recovery when we get the rns

Lekoil swings to profit as Otakikpo ramps up

LEKOIL to focus on growth, strategic investment in 2019 to reach gross volumes of 15,000 to 20,000 bopd. The first step has already occurred, with 3D seismic data acquisition and interpretation now completed. …

Lekoil Moves Into Profit As Nigeria's Otakikpo Oil Field Ramps Up
The firm's revenue rose 58% to USD48.7 million, and Lekoil posted a pretax profit of USD2.3 million after a USD14.8 million pretax loss in 2017. …

[pre] 20/6/2019 08:37

how much stock is the seller holding here to clear the overhang anyone? tia

[korvet] 20/6/2019 08:28

Love it, buy in, down 10%, isn't aim a wonderful place. Thought the seller was gone. Oh well back to the abacus. Lol. K

[newtothisgame3] 20/6/2019 06:31

#LEK #Lekoil swings to profit as Otakikpo ramps up

[newtothisgame3] 20/6/2019 04:55

LEKOIL to focus on growth, strategic investment in 2019 to reach gross volumes of 15,000 to 20,000 bopd. The first step has already occurred, with 3D seismic data acquisition and interpretation now completed. …

[newtothisgame3] 19/6/2019 21:55

#LEK #Lekoil Moves Into Profit As Nigeria's Otakikpo Oil Field Ramps Up
The firm's revenue rose 58% to USD48.7 million, and Lekoil posted a pretax profit of USD2.3 million after a USD14.8 million pretax loss in 2017. …

[laptop15] 19/6/2019 19:35

https://twitter.com/laptop1515/status/1141412345144643585?s=19

[goodbloke1] 19/6/2019 17:15

Thx for reply and I agree crazy valuation

[jungmana] 19/6/2019 17:02

I agree there Flaw. they must be nearly done now

[flawlesskicks] 19/6/2019 16:57

Jungmana - I think the move will be bigger than that. Fair value as I said the other day is 10/12p. If OPL 310 is awarded again then we could test previous 20p high.

The share price is absolutely crazy right now and you can see that every day there is a mad rush to buy shares from this ii who is selling down. Their loss is our gain!

20k bopd next year looking nailed on.

[jungmana] 19/6/2019 16:49

Flaw - i was in here earlier in the year and sold out. been watching since and bought back in today with 2 trades at 3.5p and 3.10p. once the seller is cleared this will move sharply to 6p+ imo

[flawlesskicks] 19/6/2019 16:45

Jungmana - so many buys put through as sells today including my £10k one at the end.

I absolutely love these type of situations. Forced seller giving away real value for PI's.

MMs have shares to clear so they will take the price down to whatever level they like but you can see by the buying today that 3p is being hit hard on the buy side. Investors seeing the value here and want a chunk of the pie before its all gone.

[jungmana] 19/6/2019 16:43

10p in february to 3p today with such excellent results reported today. just goes to show the effect of a major seller. imo they will be out this week.

[flawlesskicks] 19/6/2019 16:40

Almost reached 3.7p today until Jennison started selling again. Expect another massive push tomorrow morning and lets see if they are clear so we can move up for real!

[flawlesskicks] 19/6/2019 16:38

Jennison Associates LLC. They held 21million shares on the 14th June - a lot of shares sold since then.

Every morning is very strong here and then they are selling into the strength in the afternoon. At some point very soon, they will run out of shares and that strength will just continue into a major rally imo.

[nick rubens] 19/6/2019 16:32

who is selling down? cheers NR

[flawlesskicks] 19/6/2019 16:26

Just bought another £10k worth at 3.05p. The ONLY reason we are trading at this level is because of an ii selling down. Bargain conditions and as soon as they are out, the price will do 200-300%. Fill your boots imo but dyor first to see what a great play this is.

[jungmana] 19/6/2019 15:53

The licence which is currently in dispute is the OPL 310 ( Nigerian Dahomey basin) and that's different from Otakikpo licence OML 11