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 Shares Traded Last Trade
  0.05 1.32% 3.85 9,901,986 16:35:12
Bid Price Offer Price High Price Low Price Open Price
3.80 3.90 4.50 3.69 4.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 38.18 1.80 -1.57 21
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:56 O 210,000 3.85 GBX

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Date Time Title Posts
19/7/201917:18LEKOIL PLC * - Penny Share with Multi Billion Barrel Potential5,923
16/9/201308:14Lekoil PLC327
25/8/201322:02Lekoil24
13/8/201323:54Lekoil Charts1

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Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-19 16:08:563.85210,0008,085.00O
2019-07-19 15:39:224.13500,00020,625.00O
2019-07-19 15:28:213.8715,000580.50O
2019-07-19 15:27:073.8725,447984.80O
2019-07-19 15:24:443.9033513.07AT
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Lekoil (LEK) Top Chat Posts

DateSubject
20/7/2019
09:20
Lekoil Daily Update: Lekoil Limited is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker LEK. The last closing price for Lekoil was 3.80p.
Lekoil Limited has a 4 week average price of 3.01p and a 12 week average price of 2.76p.
The 1 year high share price is 20.20p while the 1 year low share price is currently 2.76p.
There are currently 536,529,893 shares in issue and the average daily traded volume is 4,071,593 shares. The market capitalisation of Lekoil Limited is £20,656,400.88.
26/6/2019
09:01
grannyboy: "but I don't see a discount placing to be honest" Well going by some posters on here, it's already at a discounted share price...Plus it's very rare for a fundraising to be done at a premium in the oil&gas sector.. There could be some concerted p&d action to try and get the share price up before announcing a raise...you know the usual spiel..
19/6/2019
09:23
newtothisgame3: #Lekoil (LON:#LEK) Share Price Passes Above 50 Day Moving Average of $5.27 Posted by Elija Maina on Jun 19th, 2019 Numis Securities reaffirmed a “buy” rating 22P #TARGET https://mayfieldrecorder.com/2019/06/19/lekoil-lonlek-share-price-passes-above-50-day-moving-average-of-5-27.html …
15/6/2019
12:25
king_doms: Current analysis/perspective: Share price has fallen due to: - OPL 310 licence expiry (although this is likely to be renewed/ turned to OML) - 23% OPL 310 portion for Afren's previously owned portion has been reverted back to the government due to the petroleum act and will require ministerial consent (the President of Nigeria is the current minister of petroleum, as previous ministers have been corrupt in the position so a new one has not been appointed. Therefore approval is needed by him) - Current CFO is leaving at the end of the month to San Leon (taking up the position of the current San Leon CFO who is also leaving at month's end - thus is unlikely due to any Lekoil related decision, but a choice to move to a larger company) - Jennison associates (an institutional holder) who previously held 4.5% of the total shares have reduced their position to 3.98% over the past weeks/months - on the negative side they still hold 21 million shares so may continue to cause the share price to decline further until they have fully sold - on the positive side, the sharp fall in share price is likely due to this and nothing to do with the company's fundamentals Company fundamentals based on the 2018 interim report: - yoy revenue increase from $6.9m 2017 to $22.3m 2018 - yoy net income (attributable to shareholders) increase from -$14m 2017 to $1.2m - 2400 bopd net to Lekoil - reduction of current liabilities from $58m to $44m - net assets of $208m - cash increase from $6.9 to $9.8m Potential positives in annual report/ expected news: - increased or maintained 2400 bopd from Otakikpo - full revenue roughly $42m+ compared to previous year $30.8 m - $38m or less current liabilities (based on a $6m semi-annual reduction) - update on 3d seismic report Potential negatives in the annual report: - impairment charge based on OPL 310 licence expiry
14/6/2019
16:18
flawlesskicks: ghhghh - yes, it is a punt - most investments on AIM are and when a company is producing 2400 bopd and valued at £15million, there will be other risks. Look to me like an ii has been selling down their shares. This is the reason for the recent fall at LEK. The company could do with updating us on the various projects but their job is to run LEK - not to fiddle with the share price. This is a recovery play at this price. Could end up with nothing, could end up with a 5 x bag. That's AIM and we have to accept that risk. With the production LEK have, I think they are very cheap. I think their current assets are valued at multiples of their share price.
16/4/2019
17:02
josephrobert: At this Market Cap some people have realised that the price has been beaten down by so much it is only reflecting the production assets plus an extremely out of the money call option for the potentially significant assets - with a potential partner of GE Oil and Gas. The production assets (there are plans to increase production via a farm in from 6,000 to 20,000b/d) support later stage assets, and reduces debt ($64m 31/12/17 - $40m 31/06/18) via the net cash flow which is something in the region of (365 x 0.9) effective days per year x 6,000 (barrels per day) x 0.36 (LEK share) x $30 (netback) = $21m pa towards running the company and generating a profit. So that works out as a £36m MCap vs £16m net cash pa. For an overview hTTps://www.lekoil.com/investor-presentations-article/investor-presentation-200 With more detail here: hTTps://www.lekoil.com/files/downloads/2018/LEKOIL%202017%20Annual%20Report.pdf LEK has a share in an impressive asset, albeit with material uncertainty, but has some difficulty with Optimum Petroleum via the relevant ministry which follows from: hTTps://uk.advfn.com/stock-market/london/lekoil-LEK/share-news/Lekoil-Limited-Acquisition-of-Afrens-Interest-in-O/69529877 Some colour here for perspective hTTps://www.investegate.co.uk/optimum-petroleum/rns/opl-310-operations-and-partner-update/201611220700127626P/ Breakeven is less than $30/b 1/6/18 BTW.
15/4/2019
11:29
trigger blade: arteespresso, I can't go back as far as 20p, but here's a few of the recent LEK purchases by our resident Gallic Warren Buffet. The thing they have in common is that the share price is lower than all of them, such consistency! alamaison5 - 26 Mar 2019 - 16:02:09 - 15568 of 15580 LAMPRELL : UAE Oil & Gas Engineer - LAM order confirmation Thank you. Your order is confirmed Buying 42,028 LEKOIL LIMITED ORD USD0.00005 (DI) (LEK) Status:Executed Placed at:16:00:06 26/03/19 Price:£0.091 Order Type:Market alamaison5 - 11 Feb 2019 - 16:24:15 - 4761 of 4818 LEKOIL PLC * - Penny Share with Multi Billion Barrel Potential - LEK Buying 28,379 LEKOIL LIMITED ORD USD0.00005 (DI) (LEK) Status:Executed Placed at:16:20:18 11/02/19 Price:£0.1055 alamaison55 Feb '19 - 15:42 - 4733 of 4742 Edit Order Buying 19,200 LEKOIL LIMITED ORD USD0.00005 (DI) (LEK) Status:Executed Placed at:15:41:52 05/02/19 Price:£0.100494 alamaison55 Feb '19 - 15:45 - 4734 of 4742 Edit Order Buying 11,169 LEKOIL LIMITED ORD USD0.00005 (DI) (LEK) Status:Executed Placed at:15:44:21 05/02/19 Price:£0.099975 Order Type:Market
03/12/2018
17:34
bad gateway: lol@ fangorn. nigeria's something else isn't it? Don't think they'll get OPL310 Approval after the 9th Jan Court case just an explanation of why its not approved as indicated in their RNS.. "LEKOIL has, to date, not received Ministerial Consent for its acquisition of the additional 22.86 per cent interest in OPL 310 or a satisfactory explanation as to why such consent has not been forthcoming" LEK is not liked in Nigeria.. Lekoil’s hapless investors that had invested significant amount of money on the Ogo field since 2013 continue to watch as their value erodes with permanently depressed share prices subsequent to the 2008 economic meltdown. This is in sharp contrast to Lekoil’s competitors in the industry whose investors had enjoyed appreciable increase in the rate of returns and share price in the last two years riding on the global increase in Oil Price. Lekoil’s directors who are savvy financial experts may as well know that the investors have been taken to the cleaners hxxps://www.thenigerianvoice.com/news/271319/assault-on-nigerias-presidencyogo-opl-310-fiasco-and-nige.html
03/12/2018
13:54
bad gateway: ala are you trying to bury bad news? Can't believe you never saw this share price action coming after lambasting everyone else for not researching and you kept averaging down? Lunacy just lunacy and now you're telling others to buy in too? What a git. How on earth are they EVER going to be able to operate in Nigeria after peeing off the Oil and Gas regulator, Government Ministers and the President like this? Reckon they'll get the early decision they're attempting to force and it'll be On your bikes son Nigeria's done with you! THE NIGERIAN VOICE 6 October 2018 07:25 CET Assault on Nigeria’s Presidency: Ogo OPL 310 Fiasco and Nigeria High-Powered Politics"- The Nigerian Government and the Oil and Gas Industry is still reverberating, scandalized and shocked by the impetuousness exhibited by the Nigerian minnow, Lekoil Oil and Gas ltd, a London quoted company, otherwise known as Mayfair Investment in the ill-informed decision to sue the substantive Minister of Petroleum of the Country, the sitting President, Muhammad Buhari and the regulatory agency, the DPR.The case is even more enthralling given the fact that the Company does not have a legal, moral or technical case on the Ogo field brouhaha since the claim to have purchased defunct Afren’s 17.14 % share of the field from the UK black market, at much less than the market value, without obtaining requisite approval is illegal, illicit and tantamount to an attack on the Sovereignty of the Country. Impeccable sources close to the Presidency claims that the Nigerian Government, given its anti-corruption and pro-business policies has determined to thoroughly investigate the lingering saga and deal with it once and for all. The intent of the Government, we gather is to ensure equity is served without fear or prejudice, while protecting the perceived assault on the integrity of the Government. Although Industry observers are astonished with the Lekoil’s grandstanding, and brazen bravado, the Company may be depending on her closeness with the current Minister of State for Petroleum, Dr. Ibe Kachikwu and the Vice President, Yemi Osinbajo who is a Yoruba like Lekan Akinyanmi, Lekoil’s CEO. Some Yoruba Kings, Senators and other politicians are also said to be running errands,lobbying for the Company. Despite these connections and the obvious intense politicking, we note that the Operator of the Ogo field, Optimum Petroleum is also highly connected with both the Federal Government and NNPC and has recently intensified her efforts to protect her interest and salvage value from the controversial asset. Lekoil is not without blame in the unending saga around OPL 310 since the Company has developed a reputation within the Nigerian Oil and Gas sector as one that does not honor agreements. The companyhas demonstrated it does not have the capital-raising prowess nor Afren’s technical acumen and has tremendously impaired the value of the Ogo field. It is also a Company that has not cultivated the required ability to manage JV relationships nor the deftness to navigate the corridors of power in Nigeria. For instance, there had been several attempts by the DPR, the regulator in the past to reach mutually-agreeable consensus between the two Companies, but Lekoil had consistently rejected even after such agreements were signed by both parties with the regulator as witness. The inconsistency and somersaults has significantly eroded trust between the two parties and had drawn the ire of the regulators and the NNPC. The sympathy of other indigenous oil Companies and independents in Nigeria lie with Optimum resources since her hopes as a thriving indigenous Companies have been dashed and she appears increasingly helpless. Most of these Companies have their own horror stories to tell, but the case of Optimum is sorrier since the Company never had a definitive agreement with Lekoil but were forced to consider them through defunct Afren without required due-diligence or regulatory approval. One critical lesson from the OPL 310 story is that the regulator and Government need to do more to protect indigenous Oil Companies against dubious, portfolio Companies that saunters the Nigeria Oil and Gas space luring indigenous Companies and leaving mostly bankrupt Companies in their trail. If care is not taken, the goals of the Government in developing vibrant local Companies will be sacrificed to flashy Companies that take the unexperienced indigenous Companies to the cleaners. There may be respite for Optimum petroleum however, since sources close to the presidency has revealed that Lekoil’s claimed approval for the 17.14 %, obtained from the Minister of State for Petroleum in 2017 did not follow proper regulatory provisions since it is only the Minister of Petroleum, in this case, President Muhammad Buhari, that can approve the assignment of interests in Nigeria Oil fields. It is because of these intense lobbying, corruption and backhand deals rampant in the Nigeria Oil and Gas industry that the incorruptible President has not designated anybody as the substantive Minister of Petroleum since 2015. The industry is still awashed with the sleaze generated by the last substantive Minister of Petroleum, Mrs. Alison Madueke. The legal fiasco has introduced an extra layer of uncertainty on the viability of the geologically challenging Ogo field and has cast a doubt on Lekoil’s plans for the field. The deepwater field is gas-prone with about 2TCF of gas reserves which makes gas development and monetization key to the field’s profitability. Geographically, this is a huge challenge since the Nigerian economy is not developed enough to optimally utilize such gas rates and the option of floating LNG may be too capital intensive for a small Company like Lekoil to fund. In addition to these, most of Lekoil’s executives are Nigerians and it has been difficult for them to shake-off the corruption and incompetence tag associated with Nigerian Companies. Lekoil’s hapless investors that had invested significant amount of money on the Ogo field since 2013 continue to watch as their value erodes with permanently depressed share prices subsequent to the 2008 economic meltdown. This is in sharp contrast to Lekoil’s competitors in the industry whose investors had enjoyed appreciable increase in the rate of returns and share price in the last two years riding on the global increase in Oil Price. Lekoil’s directors who are savvy financial experts may as well know that the investors have been taken to the cleaners and that they have been sold a lemon on the Ogo field. Industry experts believe that Lekoil has lost interest in developing the field and may change her focus in the near term to cash generating assets with the intent to gradually charge off the book value the Ogo field as impairments against the free cash flows in the next couple of years. This would leave the investors, the Nigerian Government and Optimum Energy with an asset they cannot benefit from. The audacity of the company is probably dependent on the high-powered 2019 elections since the future of the Company in Nigeria lies squarely on who the President of the Country is after the election. It is very difficult, given the legal opprobrium and the undeserved affront on the blameless Nigerian President for Lekoil to make friends at Aso rock, the seat of Power. While some investors had cut their losses by divesting most of their equity in 2018, others may be watching the 2019 election with keen interest to make decision since the Company seems to be war with a powerful Northern Hegemony, the Regulator and the Presidency. This decision is made more imperative since another global downturn and oil price reduction may be imminent given the current trade war between the USA and China. hTTps://www.thenigerianvoice.com/news/271319/assault-on-nigerias-presidencyogo-opl-310-fiasco-and-nige.html
03/12/2018
13:03
bad gateway: THE NIGERIAN VOICE 6 October 2018 07:25 CET Assault on Nigeria’s Presidency: Ogo OPL 310 Fiasco and Nigeria High-Powered Politics"- The Nigerian Government and the Oil and Gas Industry is still reverberating, scandalized and shocked by the impetuousness exhibited by the Nigerian minnow, Lekoil Oil and Gas ltd, a London quoted company, otherwise known as Mayfair Investment in the ill-informed decision to sue the substantive Minister of Petroleum of the Country, the sitting President, Muhammad Buhari and the regulatory agency, the DPR.The case is even more enthralling given the fact that the Company does not have a legal, moral or technical case on the Ogo field brouhaha since the claim to have purchased defunct Afren’s 17.14 % share of the field from the UK black market, at much less than the market value, without obtaining requisite approval is illegal, illicit and tantamount to an attack on the Sovereignty of the Country. Impeccable sources close to the Presidency claims that the Nigerian Government, given its anti-corruption and pro-business policies has determined to thoroughly investigate the lingering saga and deal with it once and for all. The intent of the Government, we gather is to ensure equity is served without fear or prejudice, while protecting the perceived assault on the integrity of the Government. Although Industry observers are astonished with the Lekoil’s grandstanding, and brazen bravado, the Company may be depending on her closeness with the current Minister of State for Petroleum, Dr. Ibe Kachikwu and the Vice President, Yemi Osinbajo who is a Yoruba like Lekan Akinyanmi, Lekoil’s CEO. Some Yoruba Kings, Senators and other politicians are also said to be running errands,lobbying for the Company. Despite these connections and the obvious intense politicking, we note that the Operator of the Ogo field, Optimum Petroleum is also highly connected with both the Federal Government and NNPC and has recently intensified her efforts to protect her interest and salvage value from the controversial asset. Lekoil is not without blame in the unending saga around OPL 310 since the Company has developed a reputation within the Nigerian Oil and Gas sector as one that does not honor agreements. The companyhas demonstrated it does not have the capital-raising prowess nor Afren’s technical acumen and has tremendously impaired the value of the Ogo field. It is also a Company that has not cultivated the required ability to manage JV relationships nor the deftness to navigate the corridors of power in Nigeria. For instance, there had been several attempts by the DPR, the regulator in the past to reach mutually-agreeable consensus between the two Companies, but Lekoil had consistently rejected even after such agreements were signed by both parties with the regulator as witness. The inconsistency and somersaults has significantly eroded trust between the two parties and had drawn the ire of the regulators and the NNPC. The sympathy of other indigenous oil Companies and independents in Nigeria lie with Optimum resources since her hopes as a thriving indigenous Companies have been dashed and she appears increasingly helpless. Most of these Companies have their own horror stories to tell, but the case of Optimum is sorrier since the Company never had a definitive agreement with Lekoil but were forced to consider them through defunct Afren without required due-diligence or regulatory approval. One critical lesson from the OPL 310 story is that the regulator and Government need to do more to protect indigenous Oil Companies against dubious, portfolio Companies that saunters the Nigeria Oil and Gas space luring indigenous Companies and leaving mostly bankrupt Companies in their trail. If care is not taken, the goals of the Government in developing vibrant local Companies will be sacrificed to flashy Companies that take the unexperienced indigenous Companies to the cleaners. There may be respite for Optimum petroleum however, since sources close to the presidency has revealed that Lekoil’s claimed approval for the 17.14 %, obtained from the Minister of State for Petroleum in 2017 did not follow proper regulatory provisions since it is only the Minister of Petroleum, in this case, President Muhammad Buhari, that can approve the assignment of interests in Nigeria Oil fields. It is because of these intense lobbying, corruption and backhand deals rampant in the Nigeria Oil and Gas industry that the incorruptible President has not designated anybody as the substantive Minister of Petroleum since 2015. The industry is still awashed with the sleaze generated by the last substantive Minister of Petroleum, Mrs. Alison Madueke. The legal fiasco has introduced an extra layer of uncertainty on the viability of the geologically challenging Ogo field and has cast a doubt on Lekoil’s plans for the field. The deepwater field is gas-prone with about 2TCF of gas reserves which makes gas development and monetization key to the field’s profitability. Geographically, this is a huge challenge since the Nigerian economy is not developed enough to optimally utilize such gas rates and the option of floating LNG may be too capital intensive for a small Company like Lekoil to fund. In addition to these, most of Lekoil’s executives are Nigerians and it has been difficult for them to shake-off the corruption and incompetence tag associated with Nigerian Companies. Lekoil’s hapless investors that had invested significant amount of money on the Ogo field since 2013 continue to watch as their value erodes with permanently depressed share prices subsequent to the 2008 economic meltdown. This is in sharp contrast to Lekoil’s competitors in the industry whose investors had enjoyed appreciable increase in the rate of returns and share price in the last two years riding on the global increase in Oil Price. Lekoil’s directors who are savvy financial experts may as well know that the investors have been taken to the cleaners and that they have been sold a lemon on the Ogo field. Industry experts believe that Lekoil has lost interest in developing the field and may change her focus in the near term to cash generating assets with the intent to gradually charge off the book value the Ogo field as impairments against the free cash flows in the next couple of years. This would leave the investors, the Nigerian Government and Optimum Energy with an asset they cannot benefit from. The audacity of the company is probably dependent on the high-powered 2019 elections since the future of the Company in Nigeria lies squarely on who the President of the Country is after the election. It is very difficult, given the legal opprobrium and the undeserved affront on the blameless Nigerian President for Lekoil to make friends at Aso rock, the seat of Power. While some investors had cut their losses by divesting most of their equity in 2018, others may be watching the 2019 election with keen interest to make decision since the Company seems to be war with a powerful Northern Hegemony, the Regulator and the Presidency. This decision is made more imperative since another global downturn and oil price reduction may be imminent given the current trade war between the USA and China. hTTps://www.thenigerianvoice.com/news/271319/assault-on-nigerias-presidencyogo-opl-310-fiasco-and-nige.html
02/10/2018
13:27
trigger blade: Old ala continues to impress with his wily investments. On 20th Sept, he was happy with AMER's progress (along with LEK. alamaison5 - 20 Sep 2018 - 17:13:55 - 88 of 120 Savannah Petroleum Plc - SAVP AMER and LEK (my little protege): Nice close! But wait.....on Monday 24th, AMER dropped from 15p to 12p. It looked like it could be a painful experience for ten bob trader alamaison. But no, incredibly, after the great close on the 20th, he had a Damascene moment on the 21st and sold! What foresight:- alamaison5 - 27 Sep 2018 - 10:00:00 - 5433 of 5439 BIKWIK and Technical Analysis AMER; sold 10mn before my flight was due on the 21st. Lucky me I've only lost 5.5%. As you know I am very cautious with expected announcements... LEK: big numbers keeps appearing on my screen. AT trades for hundreds of thousands of shares. Sometimes a million+. I hold 81,000+ of these. If it goes up by 20%+ I sell. If it falls due to that "expected" placing I will then hold for as long as it takes to get out with profit. So much to come... https://www.investegate.co.uk/lekoil-limited--lek-/rns/commercial-offtake-agreement/201703300700139827A/ alamaison5 - 29 Sep 2018 - 17:16:30 - 5438 of 5439 BIKWIK and Technical Analysis LEK: This is a massive progress, the biggest for a long time. I now hold 81,000 of these and will accumulate on every 5% fall. If it does fall any further. My average? 18.2p Oops, LEK price today, 15.25p to sell. I fully expect that ala Buffett saw this drop coming and got out just in time. I'll do a bit of research on other shares that ala has deramped, In contrast to the shares he's in, which have dropped, the ones he's not in tend to go up, OPHR and SAVP for example. As he would say, LOL
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