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Leni Gas Share Chat (LGO)



Share Price: 0.855Bid: 0.82Ask: 0.89Change: 0.00 (0.00%)No Movement on Leni Gas
Spread: 0.07Spread as %: 8.54%Open: 0.805High: 0.91Low: 0.775Yesterday’s Close: 0.855


Share Discussion for Leni Gas (LGO)


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AngelN1
Posts: 3,847
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.69
View Thread (3)
Gooba -
2 Apr '14
Interesting. The issue is does that take into effect the improved royalty rates as of August 2013 and also I think production might be in the region of 110k barrels for the year as Spain was being worked over at the end of 2013 and Goudron had a few days where power cut out due to tropical storms (something now fortunately dealt with) but yes they should be a much happier picture.
 
Masterbaker
Posts: 1,147
Off Topic
Opinion:No Opinion
Price:0.69
2013 Final results
2 Apr '14
Not gonna buy a ticket to one of your gigs if that's what you do for a laugh. :-0
goooba769
Posts: 891
Off Topic
Opinion:No Opinion
Price:0.69
2013 Final results
2 Apr '14
Thought Id have a laugh and stick my guess out there for the final year results. I've been fairly conservative on production and harsh on costs and we manage a slight loss before taxation of ~370k. Think if we do any better or break even this is going to get peoples attention.

2013
Oil Production 125610
Average Daily 344
Average Cost of Barrel 50
£ 000's
Revenue 6280.5
Cost of sales -3,500
Gross profit 2,781
Administrative expenses -2700
Amortisation and depreciation -350
Share based payments 0
(Loss) from operations -270

Loss on disposal
Impairment charge
Finance charges -100
Finance revenue 1
Other income
(Loss) before taxation -369
unclewazzie
Posts: 194
Observation
Opinion:Strong Buy
Price:0.69
future sp
2 Apr '14
all this talk of cost and using big words is very nice chat but reality is LGO will pay costs MOG will pay costs
my view is only whats the sp going to be

i think

it will drop say another 7% max on the issue of the costs report with scabs jumping ship etc
dont buy any yet wait

then a production report will come out at 1200 bblls and the sp will go to 1p/1.2p
mallowsteve
Posts: 143
Off Topic
Opinion:No Opinion
Price:0.68
costs
2 Apr '14
there are several stages in a court case. at each stage the court can make an order that one or other party pays the costs of that application or the directions hearing. Likewise in relaiton to discovery applications a seperate costs orders can be made.

On some interim hearings the issue of costs is reserved to the trial judge who, having heard all the evidence can then decide what should happen in relation to those hearings.

You also have the question of costs overall, including trial costs and if the winning party has acted in such a way that their conduct added to the costs then this can be taken into account by the trial judge when he looks at costs. Even if winning party has acted reasonably throughout they won't get 100% of their costs and if they have acted unreasonable and/or they have to pay costs for some of the earlier hearings (which quite often happens) then you end up with a much lower percentage. At some point everyone talks and agrees a figure for the balance of costs to be paid as it is quicker than having the court formally deal with assessment of costs.

You generally get
perky416
Posts: 65
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (4)
RE: costs talk
2 Apr '14
cheers mate, got it, send you what I got.
nomoney1
Posts: 924
Off Topic
Opinion:Strong Buy
Price:0.68
perky416
2 Apr '14
got that thanks, well he saying the same thing so to me all seems ok. just a lot of nervous people out hear. but it be done and dusted tomorrow thank god.
I don't see any probs to be honest it all seems in hand.
nomoney1
Posts: 924
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (4)
RE: costs talk
2 Apr '14
sent to you. let me know you got them
Timpson
Posts: 488
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (2)
RE: re Costs
2 Apr '14
My understanding is that when a company makes an offer to settle the case then an agreement should be entered into with regards costs and how much each side should pay if successful. My question is does anyone know if that happened?
perky416
Posts: 65
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (4)
RE: costs talk
2 Apr '14
Nomoney, please could you forward it on to perky416@gmail.com? I will reply by forwarding what NR sent to me.

Cheers mate.



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