LGO Energy Share Discussion Threads

[thenorth] 23/5/2017 08:37

TG I think people have enough news today to digest... be thankful you can draw fresh air today....Today is a day for solidarity and unselfish acts.... IMOMy thoughts are with those who unexpectedly and tragically lost their lives....TN

[thenorth] 23/5/2017 08:34

Sad sad news indeed from Manchester... puts petty squabbles into perspective I think....I will abstain from addressing 12bn again. I can't control how he takes this but I hope it's taken with the context in which it's been written.Thoughts to those who lost their lives and their families in Manchester.

[the guardian] 23/5/2017 08:32

Give us some news please. I'm sick of the share price lazing around at the bottom.

[nexus7] 22/5/2017 23:36

From freeasabird Today 18:51 / 18:52 /* 18/56
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Tweets from Petrotrin

[arrynillson] 22/5/2017 23:25

dodge city - it would be easy for readers to think you are 12bn under a different moniker as you seem to pay as much attention to fact publishing as he does - LGO have exceeded their drilling obligations under the IPSC so you are the one talking double - dutch!

[dodge city] 22/5/2017 19:43

Minister of Energy at GSTT Conference: "There is only one way known to man to produce oil and gas, and that is by drilling"

Apparently Koot knows different, let's see what the Minister of Energy says about that.

No drilling = no concession, so Dutch better start stepping up to the plate instead of talking double dutch.

[jcgswims] 22/5/2017 19:40

Latest energy map of T&T 2017

[jcgswims] 22/5/2017 19:39

Competitive bid round - nomination process brochure.

[doerx2] 22/5/2017 15:31

Absolute scandal this pos

[dodge city] 22/5/2017 14:02

Is that why most trades are sells today.

[arrynillson] 22/5/2017 13:54

12bn - you're right the writing is on the wall for you 12bn - you've been shown to have the mathematical grasp of Dianne Abbott when it comes to analysis of LGO financials - why should anyone believe what you say - you even admit to not bothering to research LGO issues because you are not invested - who would claim that and post multiple times a day on a LGO board!

There is at new man at the helm and he is reviewing strategy - there is money in the bank as a result of Placings and G&A has been slashed over the last 12 months - the new man has an excellent record in investment of monies entrusted to him and a good base to work with here.

[dodge city] 22/5/2017 13:04

If Koot thinks waterflood is the solution he should check out Range Resources.

[12bn] 22/5/2017 08:05

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,reperforations etc for 6 months and was barely able to keep production level! There is 1 last long shot available here imo,a MASSIVE placing followed by a deep drill in the Cedros Peninsular. The only trouble is that it would be VERY costly,maybe too costly even with a partner. So a change of name and a new CEO seems to be the last trick in the bag and that is irrelevant imo. LGO is valued at around £11m but it is a loss maker with little hope of ever making money imo,is this valuation far too high? YES,imo. I expect more discounted placings here in the future to cover running costs,LGOs income may just cover Lind repayments,imo!