Lekoil Share Discussion Threads

[bbf] 27/2/2020 08:44

I see yesterdays news was well recurved not.

[jackjackpaul] 27/2/2020 00:29

NCYT huge huge news.. going to go mental tomm

Corona virus spreading like mad..

NCYT most accurate kits on market right now and CE approval.


NCYT Their website just been updated with the following
Chinese Flag(Top Left)
1. WHO. World health organisation... don't get any bigger then this.. cats out the bag
2. Pfizer
3. GSK
4. NHS
5. CDC
6. US Army

[optrade] 26/2/2020 21:40

GEIL, which operates the Otakikpo marginal Field in OML 11 and has its operational base in Ikuru town
26th February 2020 in National

[optrade] 26/2/2020 21:28

LEK 20 DMA Support Bullish Bollinger Band Squeeze

[master rsi] 26/2/2020 16:50

The share price does the usual up and down of the Indicators

Yesterday went over the top so next movement is to reach the bottom or support before bouncing back, provided is on the UPtren is OK, nothing goes into a straight line.

The spike yesterday to 3.75p AT was the clue of the turnaround, the top and bottom are always overdone on the movements.

[enewman36] 26/2/2020 16:19

Yes please mate

[bbf] 26/2/2020 15:45

Ramper group

[optrade] 26/2/2020 10:16

Twitter group opened yesterday spaces running out fast let me know if you want added RERATING IN PROGRESS AHEAD OF NEWS

[801710245] 26/2/2020 09:37

^^^^^^^^^^^

Dog poster,
Scam poster,
Share scare-monger,
Do not take any notice.

[iamgreat1] 26/2/2020 09:07

Dog share Scam share Nigerian scam share Do not touch

[nash81] 26/2/2020 00:38

What news we are expecting here? looks like this is about to erupt higher?

[master rsi] 25/2/2020 22:24

3.45p +0.28p

A lot of movement late on the day and share price moving over the top Bollinger Band, that happens when the order book gets exalted and reaches the high for the moment being, some retracement could be on the way.

the important thing is there is an Uptrend movement during the last month

[monster500] 25/2/2020 16:32

Nice finish to the day. News coming? :)

[master rsi] 25/2/2020 16:13

MMs are paying middle price for selling at the moment

[master rsi] 25/2/2020 15:56

3.35p +0.16 (5.02%)

Something is going on today as the bid has gone well up a bit earlier, someone in an order to be filled is the rumor as the level 2 got stronger.

[ih_676530] 25/2/2020 15:45

No need to pump, LEK is ridiculously undervalued at this share price level

[andymunchkin] 25/2/2020 15:27

isThePump switchedOn?

[jayminpatel1] 25/2/2020 14:33

Is this scam still going

[sam_] 25/2/2020 07:33

Lekan Akinyanmi
CEO, LEKOIL

Can you give a brief overview of Lekoil and the company milestones over the last 10 years?

We have four assets of which our flagship is OPL 310, which has both oil and gas. The OPL 310 asset is offshore, 20 km from Lagos and contains the Ogo discovery which is the largest discovery in Nigeria over the past 10 years, producing about 770 million barrels.

Another important asset to note is OPL 325 of which we own 62%. This is an exploration block approximately 100 km south of Lagos. We have not yet drilled this block but have access to 3D seismic data over 740 km2. A preliminary review of the prospects suggests oil in volumes of up to 5.7 billion barrels with an estimated 2 billion barrels recoverable based on analogues.

Our third asset is the Otakikpo marginal field, which is a producing field delivering 6 000 barrels per day (bpd). The asset was discovered in 2014 and was brought into production within two years. Three wells drilled in the field encountered hydrocarbons at multiple intervals. 2D and 3D seismic analysis revealed reserve estimates considerably in excess of those available at the time of acquisition in May 2014. We have also put a unique evacuation infrastructure in place so that we have more than 95% uptime and no losses.

Our final asset is OPL 276 on which we have a 45% participating interest in. This asset was acquired in 2019. Historically, four wells have been drilled in the licence area, resulting in four discoveries (two oil and two gas) with preliminary resource estimates of gross recoverable volumes of 29 million barrels of oil and 333 Bcf of gas, with upside of 33 million barrels of oil and 476 Bcf of gas (recoverable). We are currently waiting to renew the license on the asset to start working on the block.



Can you elaborate more on Lekoil’s flagship asset OPL 310?



OPL 310 is located in the Dahomey Basin and has both oil and gas reserves. The main prospects are in water depths ranging from 100 m to 800 m and are within close proximity to the West Africa Gas Pipeline. Lekoil is just starting to develop the asset and we will continue with exploration activities and appraisal planning in 2020. The gas reserve at the OPL 310 block is quite substantial


and we have enough gas to produce 20% of Nigeria’s power generation.

[texaschaser] 22/2/2020 12:22

Rumour and rumour, the well known administrators.

[zala1] 21/2/2020 17:11

No we are not. I had confirmation of the same from IR a few weeks ago