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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lgo Energy | LGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.05 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.05 | 3.05 |
| Top Posts |
|---|
Posted at 11/6/2017 06:53 by brasso3 To put the madness of the current share price/ market cap. into context I was having a look at the current status of BPC.- BPC have no P2 reserves and LGO have 12m BOE. - BPC cash balance at end of 2016 was $1m and LGO currently have around $2.5m. - BPC have no production and LGO have around 500 BOPD. - BPC market cap is £15m and LGO is £17m. - LGO have Leo Koots!!! The AIM market can remain distorted for a long time and it takes time for true value to come to fruition. You need to have the patience to see these mis-understood investment opportunities out. |
Posted at 05/6/2017 17:18 by nexus7 From Cebo456 Today 16:37-------------------- RE: looks to be alot of.. Chesh, I think their were a lot of investors in the background waiting for LGO to start moving and some have jumped in today, there have also been rumours over the last couple of week relating to some sort of deal with James Parsons and Echo Energy, albeit that Echo are mainly Gas focuses and LGO oil. What did impress me was what Leo Koots achieved in Aberdeen with TAQA and after that he could have cherry picked just about any job in the industry and chose LGO. I also watched one of his first interviews at LGO and he was very focuses and impressive. I was initially waiting for LGO to announce how they were going to fund the work overs/water flooding etc before buying in here, but suspect now that however it is done, it will not be detrimental to the share price so bought in this morning, as a medium/long term hold and hoping for some good news this week or next to get us on the journey. |
Posted at 05/6/2017 08:29 by 12bn LGO ENERGY KEY NUMBERSLatest Share Price (p) 2.60 Net Gearing (%) 13.76 Market Capitalisation (£m) 12.94 Gross Gearing (%) 21.01 Shares in issue (m) 539.20 Debt Ratio 10.63 P/E Ratio -11.91 Debt-to-Equity Ratio 0.45 Total dividends per share (p) 0.00 Assets / Equity Ratio 1.27 Dividend Yield (%) 0.00 Price to book value 0.65 Dividend cover (x) 0.00 ROCE (%) -53.41 Earning per share (p) -0.21 EPS Growth (%) 40.00 52 week high / low 4.08 / 0.09 DPS Growth (%) n/a////// Look at the market cap,£12.94m for a £4m a year loss maker!!!! |
Posted at 04/6/2017 19:54 by nexus7 From get_rich_quick Today 15:40-------------------- T.W. Shares in LGO Energy (LGO) have started to tick higher and closed last night at 2.5p mid - well up on our 1.8p offer price share tip of just over three weeks ago. Four things are happening and we are increasing our target price to sell from 2.7p to 3p and even that may have to be increased again. So whaat are the 4 reasons? 1. The overhang of shares from the last placing has almost been cleared. That process had held the stock back but it is now almost over. And that means that the shares will move sharply on any (good) news. 2. News. Sources close to LGO are suggesting that new boss Leo Koot has his first big deal in the bag and that news will be out within weeks. At this stage we do not know what it is but folks who should know seem very bullish. 3. We also note that share ramper Malcolm Graham Wood seems to have stumbled on LGO in the past few days. Amazingly some people follow this fat old sod. It cant do any harm. 4 . And this could be the biggie. There was news yesterday from BP. It has announced that its Trinidad & Tobago unit has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad, which have unlocked 2 trillion cubic feet of gas. BP also said it has plans to develop its Angelin offshore gas project, with drilling due to start in the third quarter of 2018 and first gas expected by first quarter of 2019. Development of the Angelin project will include four wells and have a production capacity of 600 million standard cubic feet of gas a day, BP said. Why does this matter? Well that 2 trillion TCF of gas is very close to LGO's acreage in the South West Peninsula. It is "nearology" at play here. LGO's current £14 million market cap fails to discount even the possibility of these vast gas plays extending into its acreage. Hold on very tight indeed. We increased our price target to sell to 3p+ earlier and even that is starting to look rather boring and cautious. An exciting few weeks lie ahead - See more at: (XYZ: T.W. Site) |
Posted at 02/6/2017 10:12 by 12bn LGO ENERGY KEY NUMBERSLatest Share Price (p) 2.55 Net Gearing (%) 13.76 Market Capitalisation (£m) 11.86 Gross Gearing (%) 21.01 Shares in issue (m) 539.20 Debt Ratio 10.63 P/E Ratio -10.48 Debt-to-Equity Ratio 0.45 Total dividends per share (p) 0.00 Assets / Equity Ratio 1.27 Dividend Yield (%) 0.00 Price to book value 0.60 Dividend cover (x) 0.00 ROCE (%) -53.41 Earning per share (p) -0.21 EPS Growth (%) 40.00 52 week high / low 4.08 / 0.09 DPS Growth (%) /////Look at that market cap,nearly £12m! LGO is a loss maker remember,anyone buying this any where near this level deserves to lose big time. |
Posted at 26/5/2017 08:42 by 12bn LGO ENERGY KEY NUMBERSLatest Share Price (p) 2.35 Net Gearing (%) 13.76 Market Capitalisation (£m) 12.67 Gross Gearing (%) 21.01 Shares in issue (m) 539.20 Debt Ratio 10.63 P/E Ratio -11.19 Debt-to-Equity Ratio 0.45 Total dividends per share (p) 0.00 Assets / Equity Ratio 1.27 Dividend Yield (%) 0.00 Price to book value 0.64 Dividend cover (x) 0.00 ROCE (%) -53.41 Earning per share (p) -0.21 EPS Growth (%) 40.00 52 week high / low 4.08 / 0.09 DPS Growth (%)//////Note the market cap,£12.67m, this a bubble territory for a big loss maker with no hope of ever turning things around imo. They don't have any plans to even drill new wells! Where is the hope coming from? Work-overs,re-perfor |
Posted at 22/5/2017 08:05 by 12bn The writing is on the wall here,LGO is finished imo. No drilling means no long shot chance of LGO coming good imo. 400 bopd ish still resulted in £2m of losses per 6 months,£4m plus p/a,so what sort of production will be needed to get to break even? Maybe 800 bopd could get LGO to break even, if there wasn't a Lind loan at 24% APR (as arry pointed out). Even that would be a tall order imo, as NR concentrated on workovers,reperforat |
Posted at 17/5/2017 08:24 by 12bn Funny how share prophets (TW) was negative on LGO for ages after the rumour that he had stopped getting paid by LGO. Now the rumour is that he is back on the pay roll and lo and behold TW and share prophets are all positive again! The facts here are that LGO is a $2m every 6 months loser. Goudron has failed,NR has left and now it is back to the drawing board. Could there be vasts amount of oil deeper down in Trinidad,probably imo. Can this oil be extracted cheaply? Certainly not,look what C sands drilling cost LGO! A few years ago the Cedros Peninsular,the 800 lb gorilla field,was discussed as a drilling possibility but nothing ever happened,why? The reason was simple,drilling to 12000 ft was expected to cost between $15m and $20m then! I accept that since then drilling costs have fallen a lot but LGO is not in a position to pay to drill there,eos. Even if a JV risky drill could be done LGO would still have to do a massive discounted placing. Do I think Trinidad could still prove a winner? Possibly. Do I think LGO will ever drill to 12000 ft? Probably not. Do I think LGO will do another big placing or two? Very likely. Is now the time to buy? Probably not imo. Anyone who is calling LGO a 10 bagger by August is off their rocker or getting paid to say it,imo. What will come next here is another big cash raise,all imo. |
Posted at 10/5/2017 11:28 by theprototype From Ritson:“After a difficult couple of years in which the Board and I have restored the balance sheet the Company is now able to chart a new course and that requires new leadership.” From Koot: “The Company's current asset portfolio is strong, we are growing our production and generating cash. We are seeing ever more investment flowing back in to the sector. These are excellent fundamentals from which to grow the business” Well Neil you did restore the balance sheet but only by diluting LGO’s shareholders to oblivion. If LGO are growing production and generating cash there why is there any need to chart a completely new course which is such a radical departure from the old plan that it requires a new leader? One wonders if Leo Koot is a new broom or just a new handle in that the old head has been begged by the board to stay on for 12 months in an advisory capacity. £250,000 in consultancy fees right there one feels. Will Neil still be writing the RNS one wonders? Is he already putting words in Koot’s mouth? Perhaps not as one would have expected Ritson to have said ‘These are excellent fundamentals from which to grow the business and increase shareholder value’. Using some reasonably informed guesswork and reading between the lines - then following the recent RNS detailing depletion in their new wells at rates of 30 and 40% within weeks it’s starting to look reasonably clear that Ritson could not conceal depletion in the GS any longer and future production news would expose his misleading fund raising suggestions that wells in the GS would only deplete at 20% per annum. With Ritson stepping down, the company being renamed and charting a new course - all suggests to me that they are going to virtually call it a day at Goudron. I am guessing they will announce that they are to put the shallow infill well program on hold and leave Goudron ticking over in the background supposedly generating cash whilst they shift all their new developments to the rest of their portfolio which I assume will be Cedros and/or the newly acquired Bonasse field. It is possible that they could announce that they are going to press straight ahead with an all out water-flood at Goudron but I feel that is unlikely given that such a water-flood was always part of the old plan so it would not exactly be a new direction that required a new leader. Essentially this looks like Colombus Energy Resouces is going to back to square one as an oil company with a cold reset of the jam tomorrow business of losing money drilling for oil in T&T. Unfortunately it is not particularly Goudron or Ritson that is the underlying problem. No-one makes money drilling in T&T. Trinity, Touchstone, Range, LGO etc have all burnt through millions and this reset will not make any difference in the long run. Given that the strategy briefing is being held in VSA’s offices, it is reasonably likely that this briefing will also include the announcement of a big new fund raising via PrimaryBid. One can hear the pitch already. ‘Following the success of our over-subscribed share issue via PrimaryBid we are pleased to offer private investors the democratic opportunity to subscribe to a new offer to give Colombus Energy Resources PLC the capital platform to aggressively develop the exciting opportunities in its strong asset portfolio’. Growing the business from its typically poor Trinidadian asset portfolio is going to require massive amounts of new capital that can only be raised via new debt and placings and perhaps a joint venture. Having reinvented itself this could basically amount to a new virtual IPO. Will it work? Probably. “We are seeing ever more investment flowing back in to the sector”. Long term investment in the oil business is complete insanity particularly in US shale where they rack up losses that make LGO’s look like a penny piece received in the smallest of change. Yet investors keep insatiably buying the energy sector’s bonds and new equity issues with complete disregard of its losses year after year. Will Columbus Energy Resources PLC ever make a profit? No: but that doesn’t seem to matter in the new normal. If things do indeed pan out this way then it raises serious questions about VSA’s daily broker buy recommendations and target price of 22p as they were entirely based on the old plan which overwhelming depletion has finally killed off it seems. Without Lenigas, Ritson and Goudron the LGO horror story is finally coming to an end. CER will be a completely new book that will ultimately tell the same story. I've wasted far too much time following the LGO saga and I don't think I can bear to read the sequel. |
Posted at 10/5/2017 08:33 by jcgswims VSA on ProactiveLGO Energy (LON:LGO) LGO Energy (LGO)# has announced that Leo Koot will be appointed as its Executive Chairman effective immediately, with Neil Ritson stepping down from his role of Chairman and CEO. We see this as a particularly positive appointment by LGO when considering the calibre of Leo’s track record. Leo has over 28 years of industry experience and he brings both financial and technical experience to LGO. His experience in the industry includes his role as Managing Partner of MENA Gulf Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA) and Managing Director of TAQA UK where he built the organisation from a few people to over 2,000 staff and contractors and delivered a mature E&P operating company that managed 60,000 barrels/day production with US$1.7 billion in annual revenues. Leo has also held roles as a board member at AIM listed Sterling Energy (SEY LN) and as CEO of Energy Development Partners, an oil and gas business creating ways to match capital and resources with developing production. In this role he helped raise a US$350 million private equity fund. LGO has also announced its intention to change the company’s name to Columbus Energy Resources by the end of this month. Following this news, we maintain our BUY recommendation and keep our TP under review whilst we await an update of the new management’s plans going forward. |
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