Member Info for berniemadoff

stupidly low market cap, with just 37m shares in issue

climbing fast now

Says everything here. Looks like an inevitable drop to low 30s

Everything here rests on securing farm in partners and so far the company have overshot schedules and admitted the climate for attracting funds is difficult. Yes they have great licences but they're worth peanuts without funds to exploit them. It's a gamble pure and simple

It's anyone's guess whether they will get a farm in partner and the time doesn't exactly inspire optimism.

what's the deal worth? LOND is distressed, could be 1p a share could be more could be anything. only for the gamblers this one

LGO is not saddled with debt like CAZA, and adding production at a rate of 800-1000 bopd every 3 months. That's just from one asset. Investors pay a premium for security and when you can offer fast growth with minimum risk and predictable results like LGO it will always be an attractive proposition.

Are you off your trolley? You want a £11m rise for a £3m contract....

needs some news to take it up to that level again. NF seems dead in the water, and NS marginals is a very slow burner so cant see it happening this side of Xmas, perhaps not even next Xmas

tut tut....

let's hope the chart lives up to its potential

obvious that many peeps are trading this. waiting for the bid to rise from 4.25 to 4.75 and taking their 10-15%. i did the same last week

i think its our seller spending the last of his bullets

240bopd from the first of 30 wells. do the math......

On here who said they wouldn't touch LGO with a bargepole? Maybe they should read todays rns

next stop is 4.88p which is the 52-wk low

No I got out before the big slide.

At least the DECC submission is in. Looking forward to the WG update tomorrow

250k buy

1. we have earmarked first oil production for Fyne for early 2016. but if WG get on board and we develop the kit, it may enable us to book the reserves much before that. bear in mind that once we get the kit up and proven it will also allow ABTOG to book reserves in all of the other licences in which we hold an interest. so the benefits of the WG deal arent as far away as some may believe 2. in relation to NF i believe it is just the NF authorities dragging their feet over permitting. BSE have got nothing else on their plate apart from Garden Hill and St Georges Bay so any delay is not in their interests. Besides I'm sure their investors, who have so far pumped $25m towards the NF programme, will be breathing down their necks to get cracking asap. and from everything i read about NF the province is crying out for someone to prove commercial oil there and kick start oil production, so it's not in their interests either to stall things. im sure everyone involved is aware of the time constraints