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LGO Share Chat - RSS Feed

Lgo Energy Share Chat (LGO)



Share Price: 2.525Bid: 2.50Ask: 2.55Change: 0.00 (0.00%)No Movement on Lgo Energy
Spread: 0.05Spread as %: 2.00%Open: 2.55High: 2.55Low: 2.45Yesterday’s Close: 2.525


Share Discussion for Lgo Energy (LGO)


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S4LMO
Posts: 1,332
Off Topic
Opinion:No Opinion
Price:2.55
Masterbaker
3 Apr '15
Disingenuous ; not sincere or candid .... Scottish ( not adjective ): bawbag...
 
S4LMO
Posts: 1,332
Off Topic
Opinion:No Opinion
Price:2.55
Vmax
3 Apr '15
Read don't reply ...... Plenty fish in the loch ......
sharehead
Posts: 3,496
Off Topic
Opinion:No Opinion
Price:2.55
RNS pen full of ink ready.....
3 Apr '15
Who would not want to be banging out RNS' s during the most exciting growth phases of the company, espcially when a new drilling campaign gives every reason to issue updates ?

This funding will be targeted at significantly increasing oil production this year with the drilling of at least seven new development wells at Goudron, as a follow on from last year's successful eight well drilling program, and also to upgrade the field's oil handling infrastructure which is needed to meet anticipated sales capacity through the second half of 2015.

Neil Ritson, LGO's Chief Executive, commented:

"We are now entering one of the most exciting growth phases of the Company and are delighted that this finance facility is now in place and that our development program at Goudron will be carried out through a long term funding arrangement with a first class lending institution.  As our business grows in Trinidad we look forward to the relationship with BNP Paribas growing to match our needs."
Masterbaker
Posts: 2,258
Off Topic
Opinion:No Opinion
Price:2.55
Word of the Day
3 Apr '15
" disingenuous"
By Richie_
Recommended by Phillipy

ADJECTIVE
not candid or sincere, typically by pretending that one knows less about something than one really does:
NikTiggerJonJon
Posts: 202
Observation
Opinion:No Opinion
Price:2.55
Night Night
3 Apr '15
Vmax.

Hope yer get the boat out for Easter.
sharehead
Posts: 3,496
Off Topic
Opinion:No Opinion
Price:2.55
View Thread (2)
RE: Sharehead
3 Apr '15
Correct closed periods end as soon as the market sensitive info is released. They may or may not be in a closed period of 2 months depending on when year end results to be released.

I am sure NR is / will be rewarded with favourable share options as the company continues its excellent progress so will not be overly concerned by these numerous closed periods he finds himself in.

He has always been good at releasing updates on progress both here and at SOLO and has provided updates on news such as the cocompletion of the FTG survey already and promised an update on rig mobilisation.

We will get our steady news flow have no doubt of that, he knows how important they are and has never held any back either here or on SOLO before so would not suddenly start to do so now.

Atb.
NikTiggerJonJon
Posts: 202
Observation
Opinion:No Opinion
Price:2.55
More of the same
3 Apr '15
NR and the other directors have been in a closed period for a long, long time due to the ongoing drilling campaign. Once that gets underway, and they are privy to technical info which is yet to be released to the market, they will enter another 6 months or so of continuous closed period.

As they havn't seen the CPR yet , we are not drilling, funding news is public and, presumably not about to sign TI off in the immediate future......once the EOY are out, if this is before we start drilling again, the directors shall presumably be able to purchase some shares.

That is the way I see it.

Certainly there us no closed period of 8 weeks initiated by the 17th March RNS.

Completely incorrect.
Vmax
Posts: 5,441
Off Topic
Opinion:No Opinion
Price:2.55
NikTiggerJonJon
3 Apr '15
lol , I must stop reading after I have signed off but you are correct as after publication it is an open market, only 8 weeks prior counts for directors and even then it has to be deemed price sensitive. Not every RNS is deemed price sensitive so could get interesting very shortly .
GN for real lol
NikTiggerJonJon
Posts: 202
Observation
Opinion:No Opinion
Price:2.55
View Thread (2)
Sharehead
3 Apr '15
For 2011 released 1st June 2012

For 2012 released 29th April 2013

For 2013 released 13th June 2014.

However I feel they were neither so anxious to buy, nor restricted either side of results by the drilling schedule, in years past.

My point, however, seems to getting lost here.

There is NO closed period whatsoever AFTER publication of ANYTHING.

Google that.
sharehead
Posts: 3,496
Off Topic
Opinion:No Opinion
Price:2.55
FTG survey...
3 Apr '15
Neil Ritson, LGO's Chief Executive, commented:

"This unique survey in Trinidad has been completed well within the planned timeframe and we look forward to receiving the data to integrate into our various technical studies at Goudron. The data will also allow us to better understand the Cedros Peninsula and other areas of onshore Trinidad where we believe there to be considerable further untapped oil production potential."





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