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Yes, 10p + does seem a fair starting point moving forward, like you say it seems like something major has been leaked news wise!
It’s almost daily, has been for 2 years
Normally
You can’t buy most of the time before after a few trades but now you can buy lots of shares
I can see almost everyday after hours trades. Is this Metallon. If it’s a true trade
Delayed trade through 16.39 1,0000,000
Tony Hawkins taking the Executive Chairman role is the key clue for me
Very probably a delayed trade Dave
The longer no accounts issue the more i'm inclined towards m & a route
I think they should release last years results and the first 6 months on the same morning. Get the bad out the way at a 7am RNS and then the good at 7.30am RNS with production, $$$$ and reduction or elimination of debit.
A resolution to the infighting and a plan for the other wells.
Along with the reduction in holding from Met. Wonder if we will see the 1mill sale in 30mins showing up today.
2 x £5k buys is a good bet Dave. Fair play!
Looks like they are going to use the extra time to report last year, we all know that’s not going to be good reading. However the oil price recovery and oil produced should well and truly offset that. They only have expenditure and some debit. I checked this morning before I bought, price was more than 15p for a sustained period when oil was in a similar graph back in 2018.
Producing company with 7 million m/ c. This share definitely need news. To lift the share price
I reckon lek plc shareholders are entitled to know where we are with production and number of lifts .
Company must surely be turning a handsome profit with oil 70+
Think i will contact the nomad
Any whiff of positive news and the SP will be moving swiftly north of where we are now! Gla
Fwiw, I think the end game is near.
Lekan's hand is weak hence his reach out for a compromise. Whatever the result this must surely multi-bag from the current value.
Plus the 2 other fields that Lek was on about in his interview. Get the finger out and get one of these drilled.
King I read it as 3.6 mill plus 3.1 mill, making 6.7, my mistake.
If they could sort themselves out, this could be share of the year!
Annualised revenue c. 60m at 70$ brent
Market cap £7m
Disconnect?
Actually feb march lifts were $10.3m
So revenue c $27m
Yes Dave your figures about right.
This looks primed for take off to me
King 5300 BOPD in March
Speculation from me, more accurate this time using March update and 4 months at 30 days
120 days x average cost per barrel at $65 x BOPD in March update at 2151= $16,777,800 income to around 26 July add the $6.1 million Jan and Feb uplift, just under $22.8 million for the 7 months, (income)
Feel free to scrutinise the figures. Be happy to be proven wrong give it take a million.
Well Lekan reckons production is running close 6000 bopd
There used to be some knowledgeable folks on the board giving uplift predictions and shipping forecasts, which I always felt helped to fill the gaps between official figures.
Anyone got any similar news, even if it’s speculation?
only need one good update and this could be 1000% up..oil price is very strong
Overdue
Maybe the anticipated merger trumps all