Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Lekoil Limited LSE:LEK London Ordinary Share KYG5462G1073 ORD USD0.00005 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.75 2.50 3.00 2.75 2.75 2.75 296,403 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 38.2 1.8 -1.6 - 15

Lekoil Share Discussion Threads

Showing 9451 to 9471 of 9475 messages
Chat Pages: 379  378  377  376  375  374  373  372  371  370  369  368  Older
DateSubjectAuthorDiscuss
16/7/2020
05:17
LEKOIL The joint venture partners in Otakikpo marginal field have executed definitive agreements for the next phase of its development, with a plan to drill seven new wells. https://tinyurl.com/y9hpzyvb
andyshares1
15/7/2020
09:00
The RNS of the 13th confirms that there is no project finance available and they will try to develop the project from cash flows. This means that it will take a lot longer to develop the JV. Maybe there is a drill next year. No catalysts for share price improvement, just commitments to spend. Certainly could do with a farm in. The share price is cheap but it will stay cheap until they have money to grow.
josephrobert
15/7/2020
08:11
Wonder what Metallon's motivation is for the recent increase in their holding from 60m to 70m ? If this were as doomed as some would have you believe - why invest another £300k? Interesting to see how this plays out, and might catch a few unawares.
ianio5691
13/7/2020
08:34
2 decent RNS's over the last two days.... Looks like we have an ii buyer in the background. Would explain the reason for the ridiculous spread as corrupt MM's are complicit in keeping the share price down whilst they fill their orders. Interesting that it still seems all systems go at Otakikpo…! Seems very oversold still. Hopefully a bit of a correction is due.
ianio5691
08/7/2020
21:52
Massive rise tomorrow
bmwman3
27/6/2020
11:47
Lekoil Cost Cutting Successful - Shares in Lekoil were up 15% at 2.71 pence in London on Friday afternoon. https://tinyurl.com/y7v4xp2r
paleales
27/6/2020
07:38
LEK Partnership scouting rig for offshore Nigeria wells Optimum Petroleum Development Co. and partner Lekoil have completed a site survey over the OPL 310 license offshore Nigeria, ahead of a planned two-well appraisal drilling program https://tinyurl.com/y99d36tr
paleales
23/6/2020
12:03
Are we expecting results tomorrow?
bakero
16/6/2020
09:42
It certainly feels like someone accumulating under the radar. Could get interesting if so. Newsflow used to be pretty regular - An update would be nice.
ianio5691
16/6/2020
09:35
Metallon Corporation Ltd took 11% on/by June 5th which appeared to pass without mention.If you are correct, could they be buying more?
bakero
16/6/2020
09:23
A lot of big trades being reported after hours for the past few weeks. Is someone slowly taking a position? All gone very quiet.....
ianio5691
28/5/2020
12:16
hahah andexal... are you joking? 3.877bn shares issued...
skypr
28/5/2020
11:58
Top tip AOGL - Buyers piling in on RTO news
adnexal schevsur
13/5/2020
11:05
Is this joesph(robert)'s technicolour dreamcoat? As i said before this parrot is dead!
wiseacre
11/5/2020
18:35
An impressive amount of buying over the last few weeks; no doubt canny lads. Today 11 x 250k plus seller's remnant in 10mins. Potential here is always temptingly huge but never been delivered. Hopefully the well published debacle will focus management on delivery for stakeholders rather than their own rewards. Thankfully there should be some delivery on cost reduction. Institutions would need the share price to be much stronger before letting a takeover on a cash basis, maybe they will be tempted with some better quality paper.
josephrobert
04/5/2020
11:59
Issue dated 04/05/2020 First fraud then Covid-19: Lekoil's leaders take fright In the wake of the Qatar Investment Authority "fake loan" and the global health crisis, several senior executives have deserted the Nigerian junior oil company Lekoil, leaving just a hardened few behind. hxxps://www.africaintelligence.com/oil--gas/2020/05/04/first-fraud-then-covid-19-lekoil-s-leaders-take-fright,108403744-ar1
oilrich1
01/5/2020
10:34
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned. 01/05/2020, 10:31 am hxxps://www.energyvoice.com/oilandgas/africa/238930/nigeria-and-angola-face-oil-price-squeeze/
oilrich1
01/5/2020
08:26
this is big problem https://edition.cnn.com/2020/04/30/business/oil-bankruptcies-default/index.html
adnexal schevsur
29/4/2020
07:12
LEKOIL would not be able to raise the extra funds required for the Otakikpo field project expansion which has been delayed till 2022 until oil price gets better. COVID-19 takes toll on Lekoil ON APRIL 28, 20203:47 PM hxxps://www.vanguardngr.com/2020/04/oil-price-covid-19-takes-toll-on-lekoil-others/ …
oilrich1
28/4/2020
13:42
LEKOIL Experts moot bankruptcy protection, loan as oil companies struggle against COVID-19 impacts By Editor 27 April 2020 hxxps://guardian.ng/energy/experts-moot-bankruptcy-protection-loan-as-oil-companies-struggle-against-covid-19-impacts/ Apart from the immediate effects of the deadly coronavirus pandemic, COVID-19, on human lives, it has also caused oil demand, the mainstay of Nigeria’s economy, to drop so rapidly that the world has run out of storage for produced crude. Consequently, oil prices have plummeted to an -time low and gradually collapsing to levels that make it impossible for some Nigerian independent oil companies to make money. As stringently faced in other human endeavours across the globe, the coronavirus pandemic is tilting the oil sector towards massive job loss and downsizing of labour, with its attendant social and economic effects. The Guardian gathered from stakeholders in Lekoil, who pleaded anonymity, that at these prices, most of these companies may need to either file for bankruptcy or consider other strategic opportunities. “Many of these companies had engaged in high-profile debt during the good times and currently account for 90% of the N3 trillion or $8 billion of all debts owed by companies producing oil in Nigeria, mostly at high-interest rates to local banks. “These companies also suffer from very high average cost of production and unlike oil majors operating in the country whose average cost of producing is about $22 a barrel, the indigenous operators need between $35 to $40 a barrel to survive.” It was also revealed that a couple of those indigenous companies and major stakeholders in the sector are deploying unprecedented and sometimes aggressive strategies to survive the global oil price rout. “For instance, Eroton Exploration and Production Company, the fifth-biggest independent producer in the country, said that, while it was still able to service its debts, the firm had suspended a planned $1.5 billion, 50-well campaign to more than double output to 100,000 barrels a day by next year. “Lekoil, an AIM-listed indigenous company’s situation is more critical since it has several factors working against it. The company’s high General and Administration (A&G) expenses make the company dependent on the high price for crude oil. “And the company has made the decision to use its cash flow to cover its G&A and not on Capital Expenses (CAPEX) expansion. The company has also made an effort to reduce its G&A by laying off almost 40% of his staffs and upper management in April 2020.” The sources added, however, that this effort may not be adequate enough since the company have not been meeting its contractual obligations and the company may not be able to pay the salaries of its employees from April 2020, a first in the Oil and Gas industry. “The staff of the company are currently considering other options, but with these options are limited to this oil price environment.” Meanwhile, the stakeholders argued that in saner climes, the company should have filed for bankruptcy protection instead of owing employees’ salaries; but the company may have depended on the lack of Nigerian institutional capacity to take undue advantage of the weak. They also confirmed that banks have refused to fund the Ogo Project, which is a high-profile gas reserve, offshore asset due to the reputational damage suffered by the company in January from the Qatar investment fund fraud. Industry sources also claimed that the company would not be able to raise the extra funds required for the Otakikpo Field Project expansion and the project is delayed till 2022 until oil price gets better. “The loss of appetite from the banks in funding Lekoil’s initiatives is mainly due to the corporate credibility and weak corporate governance concerns of the QIA transactions and the recent acrimonious departure of two of its credible, high-profile board of directors. “However, this nightmare scenario could present lucrative buying opportunities for the industry’s bigger players. That is because struggling oil companies, either in bankruptcy or before it, will be forced to sell off prime assets at fire sale prices. “For instance, with the recent unfortunate events surrounding Lekoil, i.e. QIA, its share price has been depressed and makes it a target for takeover by other oil companies like Savannah, Aiteo or Eroton.” They raised an alarm that there will be a lot of companies that will not survive this low-price and dismal-demand environment, urging indigenous operators to come up with more disciplined and balanced capital programmes; and focus more on profitability. According to them: “The companies that survive will be the leanest left standing and the Nigerian Oil and Gas industry space will not be the same once prices recover.”
oilrich1
28/4/2020
12:46
https://www.msn.com/en-gb/money/news/up-to-30000-uk-jobs-may-go-in-virus-crisis-for-oil-industry/ar-BB13hXiW?ocid=spartandhp
1liam
Chat Pages: 379  378  377  376  375  374  373  372  371  370  369  368  Older
ADVFN Advertorial
Your Recent History
LSE
LEK
Lekoil
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200810 12:41:41