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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% 1.20 1.15 1.25 1.20 1.20 1.20 256,774 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 31.7 -3.7 -1.5 - 6

Lekoil Share Discussion Threads

Showing 9476 to 9496 of 9625 messages
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DateSubjectAuthorDiscuss
08/10/2020
09:12
Can you think of any reason to buy. The CEO is at best totally incompetent - but the reality is he is probably just another narcissistic money grabbing crook. Looks like he is making room for, and will soon be joined by another career crook with his friend from Metalon. Shame as this had potential.
ianio5691
07/10/2020
15:39
Why are they allowing it to be taken over on the cheap though? What is the incentive? A board position and continuation of the gravy train from the new entity?
ianio5691
07/10/2020
09:50
30% in the UK but others on AiM have got round this by not being in the UK
ngms27
07/10/2020
09:38
Not sure of exact rules, but I have 30% in my mind. Whether that is the threshold where they can make offer, but it can be rejected, I'm not sure. One thing is for certain - the BDO here are no longer working in shareholders best interest!
ianio5691
07/10/2020
09:29
What are the AIM rules for mandatory offer to minorities? 30% shareholding?
smaf
06/10/2020
21:23
it looks like thats the way it is going! with the share price going down, and them mopping up the sellers shares, i reckon any buyout would be about 2p? you can see whats happening , with around 1-2 trades a day, its also going into auction 1-3 times daily, enabling them to buy. (its certainly not due to volatility!!) the spread is better at mo, although no-one wants to buy now!!
marky23
06/10/2020
14:40
This has to be one of the most corrupt shares on AIM at present. Another lifestyle Co run for the sole benefit of the Directors. Why are they allowing the share price to be capped for gradual transfer of ownership to Metallon? Will we be getting an enforced buy-out at VWAP?
ianio5691
06/10/2020
14:18
this share seems to only go down lately, even when there are some buys it never goes up?
marky23
05/10/2020
13:22
hard to think the shares were 80p back during the oil boom
coxsmn
01/10/2020
08:02
Well, Lekoil have tweeted 'Hsppy 60th Independence Day Nigeria' today. But no news yet on the 2M due yesterday.
bakero
24/9/2020
15:44
AGM tomorrow, and the Optimum payment due next week. Perhaps some kind of news in the morning?
bakero
28/8/2020
09:03
1.3m buy posted after the close.... Someone is accumulating in a big way. Interesting times ahead. News on refinancing within the next month I would imagine, as they have an Optimum payment of $2m due at the end of Sept. News on a finance deal would certainly light a rocket.
ianio5691
27/8/2020
14:31
Ooooh 2 votes down for that one! Can we get to 3? Wonder if its Alamaison?
ianio5691
27/8/2020
13:50
Hilarious how someone gives a thumbs down to every post whether positive or negative.... Come out, come out whoever you are.... Some cranks on here!
ianio5691
27/8/2020
13:40
Positive interpretation on Proactive..... Company News Lekoil* (AIM:LEK): FY19 results, strong operational progression Share price: 2.6p, Market Cap: £14m LEK’s FY19 results saw a 13.7% drop in net revenues to US$42.0m (FY18: US$48.7m) despite a small average increase in production tempered by prevailing commodity pricing. This led to FY19 a loss of US$12.0m (FY18: loss of US$7.8m) and ended the period with cash and bank balances of US$2.7m (FY18: US$10.4m). Total outstanding debt financing net of cash was US$16.5m (FY18: US$10.1m). In March 2019, documentation for the partial refinancing and re-denomination of the outstanding Naira Debt Facilities, totalling N3.1bn, into one new US$8.6m facility with FBNQ MB was completed. The new facility priced at LIBOR + 10%, had a six-month principal repayment moratorium effective June 2018 followed by quarterly principal repayments. As part of the transaction, the tenor on facilities with FBNQ MB (including the existing USD facility, amounting to US$5.0m) was extended to 30 June 2021 from 30 June 2019. This partial refinancing and re-denomination transaction was undertaken to reduce the high financing costs of local currency debt. Further debt capital of US$11.5m was raised in October 2019 to fund Licence extension fees on OPL 310 and OPL 276 and to fully repay the outstanding balance on Shell Western Supply and Trading Limited Prepayment Facility. The facility has a maturity of four years and is repayable quarterly with a margin of LIBOR + 10%. Earlier this month, it was announced that the existing three interest-bearing term bank loans were restructured into one secured loan with FBNQuest Merchant Bank. The restructuring provided an extension of loan tenor with new term loan maturity date of 31 March 2024 representing an increase on the average maturity of the three existing bank loans by 15 months. A cash saving of over US$3.0m over the next 15 months was also delivered from the new sculpted loan principal repayment schedule compared to the previous loan structure. Operationally, the Company reported average FY19 production volumes of 2,122bopd net (FY18: 2,076bopd net). The year saw a deliberate effort to reduce the cost of sales to achieve a lower cost of production at the Otakikpo marginal field which remains the sole revenue source. In 2019, underlying cost of sales were reduced by 22%, and the Company has confirmed it intends to progress the work programmes in OPL 310 and OPL 276 to bring them to commercial production. In terms of outlook at Otakikpo, Phase Two plans underway, subject to the securing of funding, for a five to seven well drilling programme, targeting the increase of production to around gross 15,000 to 20,000bopd (6,000-8,000bopd net to LEK). Operations are also progressing at OPL 310 which contains the significant Ogo discovery. LEK and its partners have advanced plans for the Ogo appraisal drilling programme with well locations selected. Funding discussions currently underway with industry partners. The Company also executed a legally binding Cost and Revenue Sharing Agreement to progress the appraisal and development programme activities at the Ogo discovery and conversion to an Oil Mining Licence (OML). In addition, the OPL 310 Licence was extended to 2 August 2022, following the payment of an extension fee by LEK. Our take: Shareholders will be encouraged by the preservation of a stable production base at Otakikpo which underpins the Company’s advancement of the drilling programmes at both Otakikpo and Ogo in OPL 310. The next two years could therefore prove to be transformative and provide key catalysts as LEK progresses its multiple appraisal campaigns whilst simultaneously growing its production base.
ianio5691
26/8/2020
09:08
RNS Final Results. Makes pretty grim reading.... Pertinent points to me - Following the payment to Optimum due in March 2020 of US$2.0 million, Optimum and LEKOIL further agreed to a deferred payment schedule for the final payment due in May 2020 of US$7.6 million as follows: · The sum of US$1.0 million to be paid on or before 15 July 2020; · The sum of US$2.0 million to be paid on or before 30 September 2020; and · The sum of US$4.6 million to be paid on or before 30 November 2020 Cash balance at 31 July 2020 of US$0.6 million So we need to find $2m by end of September and a further $4.6m by end of November. Not looking good is it?
ianio5691
18/8/2020
12:06
normal service resumed... back to 26.5% spread! :-(
ianio5691
18/8/2020
10:47
Lights are on but no ones in
ngms27
18/8/2020
10:38
Up again on very little volume... Something going on. Am I the only one watching?
ianio5691
18/8/2020
09:19
Another tick up....
ianio5691
18/8/2020
08:59
A bit more activity this morning, feels like this might be coming back to life. Slightest whiff of news and this could be off to the races.
ianio5691
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