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LGO Share Chat - RSS Feed

Lgo Energy Share Chat (LGO)



Share Price: 3.175Bid: 3.15Ask: 3.20Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.05Spread as %: 1.59%Open: 3.275High: 3.325Low: 3.175Yesterday’s Close: 3.175


Share Discussion for Lgo Energy (LGO)


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in4cedros
Posts: 235
Off Topic
Opinion:No Opinion
Price:3.18
View Thread (3)
RE: call girl
Today 10:51
Goup - looking at your typing this morning seems like you had a good night!
 
onceatrader
Posts: 3,846
Premium Chat Member
Answer
Opinion:No Opinion
Price:3.18
View Thread (3)
RE: Dalesman
Today 10:50
Morning Steven

Yes the sites for Pad 6 + 7 are already plotted, and provisional clearing of the site is ongoing. I believe that Pad 6 may now be a 6 well pad and not 5 wells, but that is yet to be confirmed. Permissions pending is the status, and hopefully if we can start the building of Pad 6 before the end of June, we will be on target for the rig move off Pad 5.

Very interested in Pad 5, and really looking forward to the first well result from this pad. As you know, this Pad 5 is way out there in complete virgin territory, GY-275 and GY-295 are the only wells near it, and they are virtually right at the end of the historical well boundary.

Best regards

John
substp
Posts: 2,880
Observation
Opinion:No Opinion
Price:3.18
View Thread (2)
RE: Sanity Check
Today 10:42
good post 2ears1mouth...... For the moment I think we are near fair value ..... until flow rates or CPR.
JohnLaw
Posts: 373
Premium Chat Member
Observation
Opinion:Strong Buy
Price:3.18
View Thread (3)
RE: Production
Today 10:39
Sorry that should be "just over $1 billion"
JohnLaw
Posts: 373
Premium Chat Member
Observation
Opinion:Strong Buy
Price:3.18
View Thread (3)
RE: Production
Today 10:38
That would be nice. The NPV of 40,000 bopd for 24 years at a netback of $11 is just over £1 billion. Where do I sign?
substp
Posts: 2,880
Observation
Opinion:No Opinion
Price:3.18
View Thread (3)
RE: Dalesman
Today 10:35
Good Morning John.
You amaze me how you are able to keep up the tweaking of the facts in your posts. My hats off to you...

I understand they have cleared and are surveying pads 6 and 7 already. WIP for that permit.

Reagards

Steven
onceatrader
Posts: 3,846
Premium Chat Member
Answer
Opinion:No Opinion
Price:3.18
View Thread (8)
RE: Takeover
Today 10:30
in4cedros

Many thanks for the correction, I should have looked into it further before putting that foot note and summary about NR share holding average. I blame it on a long week, my wife would blame it on me getting old haha.

Best regards

John
2ears1mouth
Posts: 1,109
Off Topic
Opinion:No Opinion
Price:3.18
View Thread (2)
Sanity Check
Today 10:28
We have not put any new wells on to production for 4 months. Back at the end of January the SP was around 3.2p. Since then to the downside we have raised cash and will no doubt have experienced some declines. To the upside we have seen WTI start to recover and as we know have the next 22 wells fully funded. I could type a whole load of stuff to the upside but we know all that anyway.

So for me, on balance I am extremely happy to be at >3p. Contrary to the views of the traders I think we will remain and consolidate above 3p before next production / CPR news.

Also for me, I am realistic to know that declines will have taken place as they ALWAYS do on any well anywhere in the world. But having said that we still have 4 free flowing wells and all wells will have plateaued now.

In June we will put 3 new C-Sands wells on to production and will have completed 12 re-completions. Before the end of 2015 we will also put another 9 C-Sands wells on to production and hopefully add 6+ Goudron Sandstone wells to the mix.

I am extremely excited about the future of LGO and personally I really don't think we could be in a better place.
onceatrader
Posts: 3,846
Premium Chat Member
Observation
Opinion:No Opinion
Price:3.18
View Thread (3)
Dalesman
Today 10:27
The post from last night were a great read. If we do have a individual accumulating (which I also believe we have) then he or she has uplifted around 23m shares this week alone at a average of 3.20, costing the buyer around £738k. Knowing how these large portfolio holders work, he / she has another £250k worth to buy to get a million pound investment into LGO.

Why invest this amount of money at £100m market cap? he / she is fully aware of what is to come and how much this company will grow this year and the next. NR is putting in bigger sales tanks to increase capacity from 2750 barrel holding to 12,750 barrel sales tank holding, NR is increasing the current 30 well program to 60 wells, NR is going to operate a second rig to drill GS wells alongside the current C-sand wells, NR is fully funded for this year and most likely next year. Conclusion - accelerated growth.

Best regards

John
BruceJamieson
Posts: 1,457
Off Topic
Opinion:No Opinion
Price:3.18
StonyD etc
Today 10:24
In the markets I gather rubbers were firm yesterday





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