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Lgo Energy Share Chat (LGO)



Share Price: 2.575Bid: 2.55Ask: 2.60Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.05Spread as %: 1.96%Open: 2.575High: 2.80Low: 2.575Yesterday’s Close: 2.575


Share Discussion for Lgo Energy (LGO)


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lister2015
Posts: 189
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (4)
RE: I.I - Standard Life Investments
18 Mar '15
There is more to the post that might explain the confusion, if Mr Ritson was dealing with one person he might be forgiven for not understanding the infrastructure of investor, more below)))

"So we have a *fund* that has purchased in LGO, let me take a guess which one(s) they are: -

https://uk.standardlifeinvestments.com/SL_P_UK_Smaller_Cos/getLatest.pdf

https://uk.standardlifeinvestments.com/O_M_UK_Smaller_Companies/getLatest.pdf

You will see that they are both managed by the same team, headed by Harry Nimmo.

He's an astute guy, and his funds are popular....

http://www.telegraph.co.uk/finance/personalfinance/investing/funds/10691865/Top-Standard-Life-UK-Smaller-Companies-reopens-for-business.html
"
 
sawadee
Posts: 1,073
Off Topic
Opinion:No Opinion
Price:2.13
RE knoxxy
18 Mar '15
will still be here tomorrow leave the home at 4pm
Manchester to Bangkok, via Dubai 12 hours on plane
19 hours altogether with time spent at airports
Knoxxy
Posts: 1,748
Answer
Opinion:Hold
Price:2.13
View Thread (2)
RE: I'm long
18 Mar '15
Agree with you there bud...

I did not think I would be saying this again any-time soon, but I will be topping up when this hits 1.9p or below, that's my average down number.

When this spikes and people rush to buy back in etc this will be on riser boards, the herd will arrive and this will fly just like it did when it hit 6.95p.

GLA.

Knoxxy
Ogedei
Posts: 196
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (4)
RE: I.I - Standard Life Investments
18 Mar '15
It is just the same explanation with more detail,doesnt explain what N/R actually said.I think he should do that.
"some holding RNSs in the next week at least one of which would be over 3%,around about 4%" : 11.20
https://www.youtube.com/watch?v=n9ZU-njGFPA"
21alpha
Posts: 916
Off Topic
Opinion:No Opinion
Price:2.20
View Thread (2)
I'm long
18 Mar '15
but the crooks will get us below 2p first thing the mora morning, what do you think LGO'ers ?
onceatrader
Posts: 3,543
Premium Chat Member
Answer
Opinion:No Opinion
Price:2.20
View Thread (3)
RE: Oncetrader
18 Mar '15
SI

That is a very conservative figure given to the bank, and one that should be viewed with the current production to establish the actual against the predictable. As you say, that would be based on LGO doing gross 1888bopd per day, which would equate to 277bopd towards facility at 15% (rough figures). Remembering this is from the first 15 wells and legacy well only. I would imagine NR is basing this on his old prediction of 4,000bopd for Goudron at the start of the drilling campaign ( '' Production potential has been estimated to be in the range 1,000 to 4,000 bopd '' )

Now we already know that we are producing 2,000bopd from Goudron choked back, just taking in the further new seven wells and at a moderate and conservative 200bopd from each new well, would get us close to 3500bopd at Goudron alone. Hence the requirements now to expand our infrastructure to cope with production in excess of the current 2750bopd limit. If this was not the case, we would not require LACT or even the 5,000bopd extra sales tanks to be fitted.

The facility is guided by the 250k barrels and WTI price to get to a monthly cash repayment to BNPP, no oil is exchanged, it is a figure used to work out the amount to be paid back, which will fluctuate with the WTI.
Knoxxy
Posts: 1,748
Answer
Opinion:Hold
Price:2.13
View Thread (2)
RE: Knoxxy
18 Mar '15
Thanks bud.

Have a safe flight!

Knoxxy
Knoxxy
Posts: 1,748
Question
Opinion:No Opinion
Price:2.13
View Thread (2)
RE: silver lining
18 Mar '15
Whats your buy back price bud? Be real here, not pie in the sky stuff.
Knoxxy
Posts: 1,748
Answer
Opinion:Hold
Price:2.13
View Thread (3)
RE: Oncetrader
18 Mar '15
SI,

Neil said he can only quote actual oil production when providing payback figures as this is real income not imaginary numbers.

Imagine the loan you could get by making up what you "think" you will produce in 30-months! lol
Prospecting
Posts: 1,075
Off Topic
Opinion:No Opinion
Price:2.13
View Thread (2)
silver lining
18 Mar '15
Here is that all if these people selling will come back as the business model is sound. and when they do it will fly.......timing is everything as always.





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