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"Someone may just buy this quick and on the cheap whilst they can , as Lek has huge potential ."
Happy new CHINESE year Danker ;)
This is acing for a 60% day,,, still cheap as chip,, with 4X fold production increase forecast...
Price was 5p before the mayhem, valuing a 4x fold increase @20p...
It's now 3p,,,,,see the disparity??
7M circa 2344bopd in first 20 days
Same again in 4-6weeks 7M
Plan is to take that to 8000 bopd ! For Lek, up and running circa 21M equivalent versus the above , they have to fund 68M on a debt equity scheme should not be that difficult
‘to increase production on the field up to 20,000 bopd (8,000 bopd net to LOGL). The phased development plan for the project consists of drilling between five (5) and seven (7) new wells’
Plus 310 is huge
Also have 276
Someone may just buy this quick and on the cheap whilst they can , as Lek has huge potential .
no, not good
Quite awesome
and on the brink of further awesomeness.
its cheap cheap...@3p
was worth 6p, without this confirmation,,,, sit back time imo..atb
Yes gmcc, so far Otakiko produces 2344 bopd x 27 days = 63,288? bop net for LOGL in 2020
Good business, right ?
"For the full year 2019, production from Otakikpo averaged 5,305 bopd gross with 2,122 bopd net to LOGL (full year 2018: 5,345 bopd gross with 2,138 bopd net to LOGL). For the first twenty (20) days of this year, production at Otakikpo has averaged 5,860 bopd gross with 2,344 bopd net to LOGL."
Does that mean so far in 2020 "JUST 20 days " has already ready produced 2344 bopd net to LOGL ? ? !!!!!!!
$7m (apologies)
Not sure their were any real expectations we were waiting to see on the lifts.
happy enough with £7m myself esp as theres more lifts to come. Next oone 4-6 weeks, not a bad revenue stream whilst we wait for financing news then they can start to expand production again.
Well that is a good start,7 million circa to LEK with similar quantity in next 4-6weeks...
plus the other news due, .
‘LOGL expects to receive cash proceeds from this crude oil lifting of c. US$7.0 million. The next lifting, of a similar quantity, is expected to occur within the next four to six weeks.
Just keeping the shareholders in the loop, as we all said recovery play now underway, more RNS to come
Update! First of many