Lekoil Share Discussion Threads

[jungmana] 26/6/2019 08:55

Granny - Subject to agreement on funding with one or more industry partners, plans underway for a three to five well drilling programme, targeting to increase production levels to approximately gross 15,000 to 20,000 bopd (6,000 - 8,000 bopd net to LEKOIL)

[letmepass] 26/6/2019 08:54

Billion dollar asset, mcap 20 million

[amrishbhim] 26/6/2019 08:53

Totally agree funding required, but I don't see a discount placing to be honest

[grannyboy] 26/6/2019 08:51

Yes but people are missing out the fact they need funding..

[sapper2476] 26/6/2019 08:48

You could not write this. Every bit of decent news comes a knock back. Just done my final tranche to bring my average up to 3.55p for 1.62m.

[jungmana] 26/6/2019 08:35

Last of sellers stock should be gone today imo. Good opportunity to load up

[letmepass] 26/6/2019 08:29

So the seller is still here.. Time to load

[nick rubens] 26/6/2019 08:22

Well the upgrade is certainly good news, so can't see why the market won't react eventually.

[sapper2476] 26/6/2019 08:21

I’ve just got another 400k in two lots at 4.14.

[jungmana] 26/6/2019 08:18

Have no more funds to add. Excellent top up price right now .5p+ this week imo

[costax1654x] 26/6/2019 08:18

40p?:))))))))

[enewman36] 26/6/2019 08:13

Only up 3%........really!

[amrishbhim] 26/6/2019 08:09

This is another RPT share, today RNS excellent, could see this hitting 40p by the end of July 2019

[hope67] 26/6/2019 08:08

LEKOIL's annual report and accounts for the year ended 31 December 2018, together with the Notice of Annual General Meeting will be posted to shareholders shortly and a further announcement will be made as and when this has occurred. The Company also intends to publish an operational update and financial guidance for FY2019 in short order.

[jungmana] 26/6/2019 08:02

And then add our other huge assets; licences OPL 325 and OPL 310. 20p+ is very achievable this year imo.

[jungmana] 26/6/2019 07:56

Lekan Akinyanmi, CEO of LEKOIL said,

"We are very pleased that McDaniel's review has further confirmed our view of the attractiveness and future potential of the Otakikpo project. This CPR doubles the estimates for unrisked oil resources net to LEKOIL Nigeria and reinforces the economics of the development. We now look forward, subject to securing the necessary funding, to the multi-well drilling programme aimed at increasing production to approximately gross 15,000 to 20,000 bopd."

[hope67] 26/6/2019 07:50

The CPR, prepared by McDaniel Associates & Consultants Ltd. ("McDaniel"), focuses on the Company's discovered conventional oil accumulations only. The Company expects to see the field's significant gas resources reflected in a future update to the CPR.

[levy1] 26/6/2019 07:47

Congratulations all! NPV10 now implies a share price for the Otatikpu field alone of approximately 40p!

[jungmana] 26/6/2019 07:13

Highlights of CPR Recoverable Volumes figures :

-- 48.6 million barrels (MMbbl) Gross 2P reserves (previous CPR 15.0 MMbbl); 19.42 MMbbl net to LEKOIL Nigeria

-- 331.6 million barrels of Gross aggregate stock tank oil in place (STOIIP) prospective volumes on a P50, unrisked basis, mean estimate (previous CPR 163.0 MMbbl), of which 132.6 MMbbl is net to Lekoil Nigeria

-- 2P NPV10 of US$226 million, after income taxes, net to LEKOIL Nigeria

[jungmana] 26/6/2019 07:07

Great rns out on Otakikpo updated CPR :-)

[letmepass] 26/6/2019 01:49

No rush here.. Hope it stays low so I can add a few more

[jungmana] 25/6/2019 22:21

https://www.proactiveinvestors.co.uk/companies/news/190884/lekoil-study-unearths-57bn-barrels-of-oil-potential-offshore-nigeria-190884.html

[jungmana] 25/6/2019 22:17

A year old but lots of information there that shows the huge upside here from the current 4p level (GBP 20m market cap)

[jungmana] 25/6/2019 22:15

https://www.proactiveinvestors.co.uk/companies/news/200050/mirabaud-analyst-reckons-lekoil-shares-could-double-over-the-next-year-200050.html