The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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All blue and sp flat1 sell and down she gors
2x1 buy to sell and we are down corruption at its best
deramper be gone
Wolfofsomewhere Thanks for the info
eggonaroll Please keep the chat to LEK on the LEK board
briddgedoggie you are ramping on UKOG says it all.
net to UKOG barrels of 6000 if that was the figure but believe 8000 is more likely is 6000*60*365 is 131million a year gross then the costs of production.
go deramp somewhere else UKOG is a dog
Could argue would should be at least that now/ sooner.
Would predict your target will easily be met and then some.
Be nice for this to be 10p by xmas .
I can wait any one tell me who else has a mkt capt like this for the oil produced and reserves .
An updated CPR from McDaniel Associates & Consultants Ltd. released in June 2019 showed a significant upgrade to 2P reserves and resources, with 48.6 million barrels of Gross 2P reserves and an associated NPV10 of $226 million after income taxes to LEKOIL Nigeria. This report also showed 331.6 million barrels of Gross aggregate stock tank oil in place (STOIIP) prospective volumes (P50, unrisked).
WHATS NOT TO LIKE
Done all my due diligence on this one, not scared to hold long term, lots waiting on sidelines for the bottom, lots of reasons to buy, great fundamentals, massive MOU with major, producing, mcap under lots of oil companies that haven't produced 1 barrel of oil and who keep going cap in hand to shareholders, ukog,aaog,angs,blue. Way undervalued mcap of 20 mill with 13 mill in bank???? So we are saying operation producing 6000 bopd is worth 7 mill. Sp massive joke. Anyone selling now are not clever!!!!!
Bridge where is the 6000 bopd coming from. Are you basing it on the current production? I understood it that we would pay schlumberger a project implementation fee and the rest would come from existing production before and after the development has taken place. Obviously if production was based on the current 6000 then yeah it would take a while to pay back but because the other parties are paying the costs up front in 6 months time we could be up to 10000 bopd and hence we would be paying all debts much quicker so i guess it depends on how soon the works begin.
Sorry $31m = £25m, hence circa 3 years to pay back
Actually its around £31m per year, which is amazing - Its a good deal and LEK will be making huge ££ in no time. Just wanted to some clarity and check if I had missed anything, but obviously not to be found on this board. GLA
thats 87 million a year... whats UKOG plans? raise against SP raise again rasie again
Not deramping or anything, was a serious question. LEK's contribution is £60m which it will be paying back via oil revenue, so just wondering if there is a realistic time frame for the payback? LEK have 36% of the project so a rough 6000 bopd x 36% x 365 x $40....
I could be way off..
What development?
yeah but UKOG need 300 hundred years compare MCAPs its a joke...
What development?
What makes you think 3 years? They are hoping to mobilise this quarter.
Had a brief look, is it going to be 3 years before LEK get any income after the development?
I believe she has bottomed out, thank goodness. Gla