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Lgo Energy Share Chat (LGO)



Share Price: 1.525Bid: 1.50Ask: 1.55Change: -0.225 (-12.86%)Faller - Lgo Energy
Spread: 0.05Spread as %: 3.33%Open: 1.45High: 1.725Low: 1.125Yesterday’s Close: 1.75



Share Discussion for Lgo Energy (LGO)


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alphapig
Posts: 9,399
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (2)
RE: LayLadyLay
Fri 16:15
Guys and girls, we all know of the potential for this To go up or down from here. Suggest a stock answer for anyone trying to talk it down is something like, "that's ok, I'm trading it" or similar. Just looked in and all this arguing is pretty pointless now.
 
Vmax
Posts: 6,246
Off Topic
Opinion:No Opinion
Price:2.10
production
Fri 16:13
in any oil company is a bit like a chart, it goes up and down with higher highs and lower lows as new wells come on line and that's not rocket science , its just how it works re declines V new wells.
Declines are not bad news , they are expected and its a part of the industry that we are invested in .
All oil companies have declines , but there is not one on AIM that is drilling more wells than us that will see production upped regardless of decline rates over the short medium and especially the long term.
surprised
Posts: 1,011
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.10
blimey
Fri 16:13
someone just posted 900bopd and a takeover coming !...lol
triumph1
Posts: 608
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (9)
RE: It's not unreasonable ...
Fri 16:10
I dont hear you lecturing those who say such absurd statements such as "900boepd pad 4", "takeover imminent", i could go on...
sawadee
Posts: 1,475
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (2)
LayLadyLay
Fri 16:09
Shut up and wait .
triumph1
Posts: 608
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (2)
RE: triumph
Fri 16:09
Well if that RNS was good enough for you then who am i to argue. But me and the wider market were not very amused. Flow rates for only one of the 3 wells? pressures? estimates for the other 2? timescales to get the other 2 online? Was the oil high quality? Its as if LGO want to cause confusion so the market just assumes it is bad.
Vmax
Posts: 6,246
Off Topic
Opinion:No Opinion
Price:2.10
LLL
Fri 16:06
Its simple maths , say you do one well and it produces 100popd and declines 40% in a year then that well will now produce at 60 bopd but in that year span, you have drilled a further 10 wells that have depreciated at the same rate over a year and we will then have 660 bopd which more than accommodates any decline rates. The figures would obviously be higher as they would be drilled at various times in that said period of time.
To much rubbish on here that we are drilling wells to accommodate the decline rates in just doesn't work like that.
JStav
Posts: 650
Off Topic
Opinion:No Opinion
Price:2.10
View Thread (9)
RE: It's not unreasonable ...
Fri 16:06
I agree with that, it's sensible for someone not invested. It's a perfectly rational and safe type of research to do. There's nothing worse than being uncomfortable with an investing decision that's been made because it will ultimately eat away at you until you've proven right or wrong.

What isn't sensible is someone saying "They haven't provided decline rates but they're struggling to offset decline." There isn't any balance behind it and it get's put across as fact when it's nothing more than an opinion. just as pie in the sky as someone claiming 5p on Monday!
Garnhiem
Posts: 524
Off Topic
Opinion:No Opinion
Price:2.10
It's not unreasonable ...
Fri 16:05
So if your waiting for production figures.

Common sense would be to sit back, keep quiet, until figures are out!

The amount of time you spend posting on here causing uncertainty.. Figures you could be waisting your time and effort?
melandrol
Posts: 117
Off Topic
Opinion:No Opinion
Price:2.08
View Thread (4)
RE: triumph1
Fri 15:59
Think you should take a little rest now,

I thought Max had a bad case of Denial but you seem to be suffering much worse. Denial that bad is not good for you.

You need to go and have a little sleep in a dark room.......feel a lot better in a few weeks.





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