Lekoil Share Discussion Threads

[jungmana] 05/7/2019 11:15

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 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."

[jungmana] 05/7/2019 10:47

69, 226 is on NEX

[jungmana] 05/7/2019 10:44

Could be on NEX exchange. The second market

[monster500] 05/7/2019 10:41

My buy 69k trade Still not showing. Bought 10-08. Delayed why?

[jungmana] 05/7/2019 10:36

I personally believe we will be back to 10p before July runs out. The seller must be almost done now.

[the canadian mounted] 05/7/2019 10:22

Certainly 10p is on the cards but more positive news will push it near truer value.

[the canadian mounted] 05/7/2019 09:56

Surely must be nearly finished by now???

[the canadian mounted] 05/7/2019 09:55

Seller still about 100k trades still going
Through

[upwego] 05/7/2019 08:57

Good timing Piyush

[upwego] 05/7/2019 08:54

Can`t see this staying here for long now

Should be so much higher :)

[piyushvora] 05/7/2019 08:43

Small top up of 98949 in the last few mins is a buy but showing as a sell

[upwego] 05/7/2019 08:31

Could of 250k trades

Pressure building

[upwego] 05/7/2019 07:24

don`t really care now I`m confident these are going 15p for starters
whether this takes 1 week or longer 3 months.

It`s certainly a great entry point I`m in cheaper so has serious multibag potential
from here

[eggy6198] 05/7/2019 04:35

Im sorry but action yesterday was hollocks. When the rise came but onto auction and deployed the auto bots.

I dont know whats the reason but seen this many times on these low mcaps. Maybe its to do with shorts

[nick rubens] 04/7/2019 19:28

Alot of complaining about the share price not going up, but in order for it to go up, someone has to be actively buying at that higher level to sustain the rise. If sellers take advantage of the rise then it needs more buyers to keep the share price supported at higher levels.

In order for buyers to pay the higher level they need to be confident that the company will deliver value and returns (future shareholder profits and dividends ideally) in the future). I think that confidence will come eventually for sure when/if the MOU passes the due dilligence phase.

Fingers crossed etc that a few months ahead there are no hiccups or revisions to the MOU.

What it does day to day up and down meanwhile is surely only a concern for day traders?

[andymunchkin] 04/7/2019 18:37

cudmore1 Jul '19 - 23:40 - 5449 of 5670
0 4 0
All the signals are there.....moving up over the week to 10p+
---------
allTheSingles here

2 next

[riskybusiness1] 04/7/2019 18:02

It's actually up ever so slightly on the day. Still cooling down before it moves up again imo.

[enewman36] 04/7/2019 17:52

Buys outnumbered sells yet again any still this is down for a third day in a row ffs, and peeps say the market is not corrupt, buys are matched with sells etc., utter bull!

[jenny tulwought] 04/7/2019 13:18

"Lift-off" Tidy2 ???

[the canadian mounted] 04/7/2019 12:40

Totally holding on to this to infinity
And beyond!

[liveit2] 04/7/2019 12:30

Repeating myself

Shell, Schlumberger and SCB - need I say anymore :)

Can there be any bigger players involve in a 20 odd mill company - Todays news is huge - waiting for 20p and beyond

[jungmana] 04/7/2019 11:52

Same number of shares in issue as last march (when share price was about 10p) before all the developments of last 3 weeks;
1 good annual results announced
2. debt significantly reduced
3. healthy cash position
4. cpr for otakikpo reserves increased
5. mou signed with big players like schlumberger and shell to ramp up production to 8000bopd net to lek from otakikpo ml11
6. discussions ongoing to farm down the huge opl 325 block.
7. good hope of licence opl 310 issue being resolved soon.
8. 2 institutional sellers nearly out imo

[the canadian mounted] 04/7/2019 11:44

Strong buying 👍🏽