LGO Energy Share Discussion Threads

[12bn] 25/5/2017 07:32

FINANCIAL

-- Revenue for period of GBP1,921,000 (1H 2015 GBP6,610,000), an decrease of 71%
-- Gross profit for period was a loss of GBP130,000 (1H 2015 a profit of GBP2,062,000)
-- Pre-tax group loss for period of GBP1,925,000 (1H 2015 loss of GBP2,525,000) a 24% improvement./////// Note the group loss of nearly £2m for 6 months with production of 418 bopd, my guess is this won't be much different now but now LGO has Lind repayments as well to pay! How will they do it? Placings are my guess.

[12bn] 25/5/2017 07:24

Market cap of £11m and a loss maker of over £4m p/a,(before paying Lind),who are the idiots buying this rubbish?

[nexus7] 24/5/2017 22:59

OPEC Wants to Carry on Pumping Less and Earning More

→ Production cuts produce higher petrodollar revenues, IEA says
→ Saudi Arabia, Russia push to extend curbs a further 9 months




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

OPEC Committee Recommends Nine-Month Oil Cuts Extension

→ Panel of six OPEC, non-OPEC nations supports longer curbs
→ Crude market is rebalancing in earnest, says PIRA’s Gary Ross

[arrynillson] 24/5/2017 18:50

12bn - why the obsession with the share price if you claim to have no financial interest in LGO - very strange - btw, if it helps, feel free to burst into tears every time the share price rises!

[nexus7] 24/5/2017 18:47

From JR710 Today 18:12
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Carry on Columbus

New Launch

On 15th June, new (supertanker) Columbus is to be launched.
Admiral Koot firmly in command, remainder of the crew affectionately known as Kooties are headed up by chief engineer Stuart : aka The Extractor.
After the Bollie has splashed it’s way down the gleaming bow, she will go directly full steam ahead to Trinidad where she will start extracting the black gold economically.
Then on to South America where she has enough capacity to soak up all that’s on offer.
It is expected that just prior to the launch or during launch celebrations, a comprehensive corporate plan backed up by RNS will be available.
The Admiral has already made it plain that additional tickets won’t be printed.
The value of existing tickets are expected to gain substantially.
Lth are all invited to a barbecue on the poop deck in Port of Spain, rum punch & limbo competition compulsory though.
All a bit tough in cheek & imo. Carry on Columbus & into the big blue... gla JR


-- :0)) --

[12bn] 24/5/2017 15:28

Rising for no good reason,it will all end in tears.

[12bn] 24/5/2017 15:27

arrynillson24 May '17 - 08:56 - 887 of 889 1 0 (Filtered)

12bn24 May '17 - 09:15 - 888 of 889 0 0 Edit
The market cap for this loss maker is £11m! Anyone else think that is a very high and unsustainable? Just where are the profits going to come from? With no new drilling only work-overs,reperforations and new electric pumps,they are not going to turn LGO around,imo. On production of over 400 bopd LGO managed a £2m loss and this was before Lind repayments were around! If production is doubled, with the tweaks, LGO/CER will still be only around break even but then LGO/CER will have to pay Lind! Personally I cannot see production here increasing as historically it declines over time,despite work-overs etc!
arrynillson24 May '17 - 11:55 - 889 of 889 0 0 (Filtered)

[nexus7] 24/5/2017 14:30

Re Koot & Iraq (???)

Not if, but when’: US intel chief says Kurdish secession from Iraq imminent

[nexus7] 24/5/2017 14:13

From Legalease Today 14:54
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RE: Koots
Was he not the main attraction of a stellar show yesterday, as per the below link?

[arrynillson] 24/5/2017 10:55

12bn - your comprehension of treatment of loan repayments in the financial accounts does, indeed, rival Dianne Abbott - loan interest is a deduction. As the LIND loan capital is being repaid every month by over $80000 it must be a worry for you that LGO might pay it off completely sooner than you think and then you will have to find something else to criticise.

On the positive side I'm impressed you actually took the time to listen to Leo's Proactive Interview Yesterday - there is hope for people who do not wish to remain in permanent ignorance 12bn!

[nexus7] 24/5/2017 10:47

From petersalkeld Today 11:40
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RE: Koots
Speaking here but 7 months time



Kurdistan-Iraq
Oil & Gas
12-13 December

[12bn] 24/5/2017 08:15

The market cap for this loss maker is £11m! Anyone else think that is a very high and unsustainable? Just where are the profits going to come from? With no new drilling only work-overs,reperforations and new electric pumps,they are not going to turn LGO around,imo. On production of over 400 bopd LGO managed a £2m loss and this was before Lind repayments were around! If production is doubled, with the tweaks, LGO/CER will still be only around break even but then LGO/CER will have to pay Lind! Personally I cannot see production here increasing as historically it declines over time,despite work-overs etc!

[arrynillson] 24/5/2017 07:56

12bn - your rant is as likely to be accurate as your assessment of specific aspects of LGO financials, which you say you can't be bothered to research because you're not invested here - yet you feel the need to post tosh multiple times a day!

[12bn] 24/5/2017 07:02

The Guardian23 May '17 - 19:38 - 7963 of 7964 2 0
Thanks jcg. 15th June before we see any progress in the share price then. I must admit that he seems very sure about the future of the company. Bring it on Leo..////// What do you expect him to say? 'We are running out of cash,we are having difficulty paying Lind while covering running costs,we cannot afford any more drilling and the company is screwed. I will take my salary as long as I can draw out LGOs/CERs death throws.' Now this is likely to be the truth imo but no CEO will say that! :)

[brasso3] 23/5/2017 18:48

He seems very confident. Roll on the 15th June...

[the guardian] 23/5/2017 18:38

Thanks jcg. 15th June before we see any progress in the share price then. I must admit that he seems very sure about the future of the company. Bring it on Leo..

[nexus7] 23/5/2017 18:36

From Horseyhead Today 18:55
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RE: Bang for buck.

Just for you lll. "Does Leo intend to utilise more of the Lind debt facility or does he see an end to that arrangement in favour of a better deal elsewhere?
The Company has access to a number of potential sources of funds. The Lind facility will be considered as part of the wider availability of funds and will be evaluated on its own merits." In case you missed them.



I know how much you love the "P" word. ;-)

[jcgswims] 23/5/2017 16:46

Leo on Stocktube

[nexus7] 23/5/2017 13:49

From Chesh Today 14:13
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Columbus
Revolt has worked at SOLO,

Now Neil can concentrate on helping our Leo out, before he goes.

All the best (oh, 5% up)

[nexus7] 23/5/2017 13:46

From Siliv Today 10:33
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RE: Half past nine

I expect most are watching and waiting for the new team to make it's assessment of how to move forward from here. They have been in post for nearly 2 weeks now and their man has been in T&T for a week so we should hopefully get some idea of their plans in the not too distant. LK will have done his homework during due diligence, so should have a rough idea of how to proceed. I expect they are just refining the plans before announcing what to do next. Exciting times in LGO land. IMO I would expect to see a substantial move north in share price over the coming months. Let's hope the traders stay away and have moved on to some other poor company to bash!

[the guardian] 23/5/2017 07:37

36 minutes into the trading day and not a single trade!