LGO Energy Share Discussion Threads

[arrynillson] 02/5/2017 15:39

12bn - like Rosie you spend an inordinate amount of time posting against NR and LGO for a non investor who claims no intention of purchasing shares in the company - will you be taking the opportunity to attempt to make NR squirm with your legendary knowledge of the company business ROFL!

[onceatraders] 02/5/2017 14:04

TheNorth

Just a passing hello, and nothing LGO related at all. I hope you are well and getting some of the losses back, even if it seems all is against you, sometimes patience will prevail.

All the best.

Best regards

John

[12bn] 02/5/2017 13:58

dodgy,you know Ritson never updates holders on new well production,the fall in production rates would terrify holders. He just states what the initial flow rates are for a well and then moves onto discussion of the next well. He hopes that idiots will believe that flow rates will be sustained and even work out production from those highly questionable initial flows. He will have to squirm a lot on Friday though when he has to RNS Goudron production of under 400 bopd and group production may even be below 400 bopd as well. The group losses though are likely to increase to over £2m for the 6 months,imo. This is not a share to hold and hope imo.

[nexus7] 02/5/2017 12:48

...
The Saudis now need higher oil prices if they want their oil giant Aramco to be valued in next year’s IPO anywhere in the vicinity of US$1 trillion, let alone the US$2-trillion valuation that Deputy Crown Prince Mohammed bin Salman has mentioned.

The Saudi 2017 budget sees higher oil prices this year lifting oil revenues by 46 percent compared to the 2016 estimates.

[nexus7] 02/5/2017 12:46

dansue, Your post is sincerely appreciated.

[dansue] 02/5/2017 11:05

NEXUS7

Your c/p's are appeciated.
All the best.

Max

[nexus7] 02/5/2017 10:18

OPEC May Need to Extend Production Cuts to End of Next Year

OPEC is sure to roll over cuts at May meeting: FGE’s Fesharaki
Duration of production limits depends on oil inventories

OPEC is certain to extend cuts in oil output when its ministers meet later in May and will need to keep limiting production until as late as the end of 2018, a veteran market analyst said...

[12bn] 02/5/2017 08:47

Not a lot of buying ahead of Fridays results,I wonder why? LOL :)

[nexus7] 02/5/2017 08:08

2016 Results and Investor Briefing
RNS Number : 8038D
LGO Energy PLC
02 May 2017

[thenorth] 02/5/2017 08:00

Last years results on Friday and an update I see....

[12bn] 02/5/2017 07:22

So results will be out on Friday,they will shock a few here, as it is the time that NR cannot hide from reality with spin,imo. What are we expecting from them? My guess is total Group production will be around 400 bopd and that will include 30 bopd from Icacos,even though LGO only gets 50% of that. My guess is under 400 bopd for the Goudron field. What gains/losses will be reported for the group? My guess is over the £1.95m of losses reported back in September! Will there be more dilution to pay for the losses,does night follow day? :)

[12bn] 02/5/2017 07:14

02/05/2017 7:02am
UK Regulatory (RNS & others)

LGO Energy (LSE:LGO)
Intraday Stock Chart
Today : Tuesday 2 May 2017

Click Here for more LGO Energy Charts.
TIDMLGO

RNS Number : 8038D

LGO Energy PLC

02 May 2017

For Immediate Release, 7 am

2 May 2017

LGO ENERGY PLC

("LGO" or the "Company")

2016 Results and Investor Briefing

LGO is pleased to announce that it will be publishing its audited full year 2016 financial results and issuing its Annual Report and Accounts on Friday, 5 May 2017. The Company then plans to hold an Investor Strategy Briefing on the morning of Wednesday, 10 May 2017 at the offices of its joint broker VSA Capital, New Liverpool House, 15-17 Eldon Street, London, EC2M 7LD where shareholders will be briefed on the Company's plans and the Board and management will be available to answer questions. It is also intended to webcast the event and further details will be provided by Monday, 8 May 2017.

The date for the Company's Annual General Meeting has yet to be set and will be notified in due course.

Enquiries:


LGO Energy plc [phone]
Neil R

[brasso3] 01/5/2017 20:50

Hopefully we will get an RNS this week about the next 3 wells. I expect they can get the cost down to below $400k a well now.

[nexus7] 01/5/2017 20:20

From Vmax Today 20:06
------------------------------------

laast post

Trinidad is an Island and we have been told before that even a bolt can take 2 weeks to arrive there, just think about the paper work and the admin for that stupid bolt and the clearance that a bolt has to get and yes it has to be checked out. Some guy might have put on the thread gauges and got a unf and got it wrong as those threads are pretty fine and WOW now we are looking at 4 weeks for that part. DONT YOU GUYS GET THIS!

[nexus7] 01/5/2017 19:51

From Vmax Today 19:48
-------------------------------------

Did you know

that a 5000 barrel tank will probably start of with circa 1/4 inch steel platting and then reduce to 3/16 and then end up with 1/16th thick steel and most probably will be glass coated to reduce outside corrosion , a bit like the Howard Harvistore tanks. And all the pipe line sizes given on any LGO RNS is all O/D when I/D is the normal as OD could be anything and has nothing to do with flow rates.

======================

From Vmax Today 19:50
---------------------------------------

Did you also knowThat on T&T there is now an abundance of oil workers , 2 years ago there were none.

=======================

From Vmax Today 19:54
---------------------------------------

Done like 6 posts

and you have more information than you have read here in six days, this is now a shocking BB and I am sure that I will be slatted as well lol. make your own minds up!

========================

From Vmax Today 19:59
-----------------------------------------


Rigs in T&T are changing as now Chinese rigs are coming in and that is good but not so good for spare parts as the old ones are imperial and the new ones metric . This may or may not go over some peoples heads but its a bit like there was was a video tape and then there was a CD

[nexus7] 01/5/2017 19:42

From Vmax Today 19:37
-------------------------------------

never thought I would say it

but I miss Honest John as the guy did his research , I miss Stotters too. the bb is just now filled with bickering and no researched information is shared. The old days of Worldoil, JTD, Nomoney1 , Angel1 , were the good old days where we all helped each other.
Now I know that I posted a wee bit info earlier but that is what we should all be posting to help us all out and not having a go at other posters as the main agenda , the main agenda should be that we all make as much money as possible . This BB has lost its way in that objective . Think about an oil field that has a new workshop and office and almost 1 billion barrels with sufficient infrastructure installed for 1800 bopd and a bund already constructed for holding back 1100 barrels . Now a 5000 barrels tank is pretty much all that we are missing for a ramp up and that in itself is some 30 feet in diameter and some 40 feet high. you might now get the scale of the project that is in front of NR and he did a damn good job to make sure that LGO is still here in the difficult POO times.
I see some posters wanting to go back to 678 ? are the mad?
What I have found out over years of investing in shares is that you can not put a price on those years.
I follow a few shares and always cringe at the posts from relatively new comers on their opinions and suggestions as to how a company should be run. If you have not run a company then don't comment on how to run one . I said that for some here, I have run a few and don't comment on the BOD as I don't know what they do but some here know better than them with 2 % of the information . You know who you are ! Just give it up !

[arrynillson] 01/5/2017 09:33

12bn - you very kindly cut n pasted on 21/04/2017 the LGO rns dated 03/10/2011 which included the statement ' The current production comes from a small number of active wells out of a total of 152 ' - so you clearly knew that NR could have access to a vast database of information from existing wells - I don't know how many but Neil says over 100 - sounds plausible to me - still don't see any evidence from you that Neil is ' twisting the truth ' - are you suggesting that readers believing what you post are idiots 12bn - it's certainly an interesting idea for further debate, particularly when all the other inaccurate information is thrown into the mix ROFL!


You made the statement in your last post ' The new wells flow rates will decline fast and are likely to be under 10 bopd in a year imo ' - this is at variance with the meaningful graph on page 10 of the March Corporate Presentation - I note you have not yet read the presentation so you are continuing to post in ignorance!

[12bn] 01/5/2017 08:26

Nit picking again arry,I thought it was 65 bopd and it wasn't important enough to look up but it gives you some ammo to nit pick with. Why don't you do something useful like asking NR what the flow rate is now for 682,not that he will tell you. NR used the 100 existing wells to justify his claim of 20% declines eos,it was not a lie,he was just 'twisting the truth' and idiots like you believed him! The new wells flow rates will decline fast and are likely to be under 10 bopd in a year imo but you won't have confirmation of the declines from NR,you will have to work them out from the 6 monthly reports. In the mean time NR will issue more shares and dilute you further,imo. I am glad that you didn't sell at 4.01p arry as you are an idiot, like ThickoNorth and you deserve your losses. :)

[arrynillson] 29/4/2017 21:50

12bn - I see you're so determined to see high decline rates you've taken to making up an initial flow rate for GY-682 - the rns dated 22/03/2017 stated the stable initial rate at 55bopd ( not the 65 figure you created!).

The same rns contains my favourite quote ' GY-682 is one of a programme of planned Mayaro infill wells each of which is forecast to have average production rates of 45bopd of light sweet crude, with historically low decline rates shown by over 100 existing field wells to be consistently less than 20% per annum. '

Comprehension of English is clearly difficult for you but I have tried to explain it a few times now - when Neil refers to over 100 existing fields it may or may not mean they are all currently producing. Those of us who bother to read the LGO Corporate Presentation know that current producing wells are less than 80 so it is misleading for you to post ' LGO has over 100 producing wells ( according to NR) ' as clearly he hasn't stated that!

Clearly as you've got a lot wrong your post is pretty poor quality but I think readers here have got used to your tosh talking by now!