Lekoil Share Discussion Threads

[theaviator] 03/7/2019 12:49

Going well this eh? Buy order set a bit lower....lol

[coxsmn] 03/7/2019 12:27

Management have been trying to increase oil production to 10kbopd for years, they have even given investors the impression they were close to reaching this target and then actually reduced production. The best they achieved was around 7kbopd now we are at 5kbopd. I will believe it when it happens as company guidance cannot be trusted unfortunately imho.

[mreyeguy] 03/7/2019 12:04

Can't stop laughing at the price here haha. Wish I could see the MUGS faces who got spiked yesterday. Could the MUGS please tell me how much they have lost so far hahaha

[recordz] 03/7/2019 11:17

Nigeria: Shell lifts 250,000bbls of crude from Lekoil’s Otakikpo field

(Ecofin Agency) - Lekoil Limited has on Monday announced that about 250,000 barrels of crude oil have been lifted from the Otakikpo Marginal field in Nigeria by Shell Western Supply and Trading Limited, a subsidiary of Royal Dutch Shell.

Under the existing crude sales agreement between the two firms, it is expected that Shell will forward payment for the crude within the next month.

The Otakikpo field continues to produce at a rate of about 5,000 barrels of oil per day, Lekoil said adding that it continues to focus on efforts to increase output to the Phase 1 production target of 10,000 bopd.

Otakikpo is situated in Oil Mining Lease (OML) 11 which is adjacent to the shoreline in the south-eastern part of Niger Delta. The field’s development plan involves two phases. Phase 1 comprises of the recompletion of two wells, Otakikpo-002 and Otakikpo-003, with the installation of an Early Production Facility of 10, 000bopd capacity while the Phase 2 covers subsequent incremental development of the remaining parts of the field with a new Central Processing Facility and new wells expected.

hxxps://t.co/MF1t42Ziit

[nick rubens] 03/7/2019 09:01

If one is holding for 6 months or so, then any drops would be buying opps IMO. I think day traders pushed this up a couple of days ago and it looks like they have been selling a few, once the rise lost momentum.

Not sure what the status is of the institutional seller. No TR1 indications yet.

[decentprofits] 03/7/2019 08:55

Decent morning shake, now we can move on upwards.

[eggy6198] 03/7/2019 08:55

Wtf this clear BS Attacks are annoying they really worked to drop that

[upwego] 03/7/2019 07:56

Yesteday was consolidation

Real buyers will be buying today

[jungmana] 03/7/2019 07:28

Sellers finished imo. Will be back to 10p+ this July imo

[letmepass] 03/7/2019 07:26

Still sellers present. Be careful

[jungmana] 03/7/2019 07:23

In the short term significant news drivers that will send this back to last year's highs of 20p are :1. Farm down of of licence OPL 325 offshore Nigerian Dahomey margin ( huge prospective numbers there). Discussions on going 2. Resolving the issue of our increase in share of licence OPL 310 ( ex AFREN field)

[jungmana] 03/7/2019 07:12

Yes is in Nigeria and was about 10p in march and 8p in April before the sellers started. Before we know the debt was significantly reduced, before the huge increase in CPR for Otakikpo and before the funding of ramp up has an MOU.
So today the company has same number of shares in issue and in a far better position than last march. lots of good news released over last 2 weeks and sellers cleared.
So first step get back to 10p short term imo.

[goodbloke1] 03/7/2019 06:52

Sold yesterday near opening and only sold when it was clear had to shift in two sales when testing prices so took no chance and sold the lot.Excellent prospects but memorandum has to get approvals etc before it reaches the fair price it deserves .

[eggy6198] 03/7/2019 06:39

So you sold already today?

[goodbloke1] 03/7/2019 06:37

When the memorandum is firmed with approvals etc then at least double in mg opinion.

[goodbloke1] 03/7/2019 06:34

If this was in any other country but Nigeria this would be at least double in my opinion.Sold my little over 200K first thing near opening .

[mreyeguy] 02/7/2019 23:51

TURNCOAT haha

[jungmana] 02/7/2019 23:28

Ok I see. Good luck at bloe

[letmepass] 02/7/2019 22:25

Sorry that was a previous sell. I know because it was mine. Moved to BLOE

[jungmana] 02/7/2019 21:11

334k buy there after close paying 5.69p.Onwards and upwards to 10p short term.

[bullrun1] 02/7/2019 19:44

Messaging him self now... Mr Japseyeguy.. Lol

[mreyeguy] 02/7/2019 19:37

Well said badger haha

[mreyeguy] 02/7/2019 19:37

How much you lost? Come on give me a laugh! You mug punter haha

[eggy6198] 02/7/2019 18:21

Hes swapped accounts again what a loser