Member Info for Bridgedogg1

Another shake for stops down to 3p

The OPL 325 licence area, located in the o?shore Dahomey Basin within the wrench zone that straddles the western Niger Delta, is a promising exploration licence located 50km to the south of OPL 310. LEKOIL has had access to 3D seismic data over 740km2 and is encouraged by the results and its interpretation of the analysis.

Preliminary review of the prospects, based on an independent study by Lumina, prepared for LEKOIL, suggests oil in place volumes of up to 5.7 billion barrels with an estimated 2 billion barrels recoverable based on analogues.

Well that question was based on a post from yesterday. Looks like a lot of it goes back to the 90s.
-investigated by the US Senate for buying political support involving the CIA in his business dealings (1990s)
1997: arrested in the Republic of Georgia on an Interpol arrest warrant.
Not sure about anything current but it was implied that he is a shady character? Honestly was an open question but the latest evidence - sold locked in shares and didn't provide promised asset/financing in exchange for those shares

Low volume this morning. Positions have been taken and now we wait on news.

Moving up nicely

I thought the main guy on this was shown to be under investigation for fraud by multiple authorities?

So much attention on this there must be huge pressure to release an update. Investigators will want to get everything spot on and will be talking to lawyers and law enforcement. Should be a solid update to calm investors concerns.

Takeover would be looking for a bargain, but I don’t see large shareholders selling for less than 15p. If this was in PIs hands I think it would have already happened.

Question is would you set a limit??! When this moves past 3.38p could stop anywhere between 4p and 8p IMO

Looks like shares below 3p have gone

Should be another good day after yesterday’s blip

Should be another hood day after yesterday’s blip

An investor said [chief executive Lekan] Akinyanmi was still ‘the right person to run the business given his knowledge of Nigeria, the people at Optimum?.?.?.?and the projects. But he has not covered himself in glory’

Norton Rose Fulbright, an international law firm provided legal advice on the deal. Control Risks, a consultancy headquartered in London, prepared a due diligence report that did not raise red flags.

Let’s hear some news about a new deal or asset sale! May well exchange some percent of asset for free carry?

What would another CEO have done differently? SS comments back in the day re the Kimmeridge were unprofessional but other than that seems to have done a good job.

I understand the pessimism of long term holders but we are not on the brink of realising something that could really put the company on another level.

Maybe seller (YA?) has decided to cease selling at these levels.

Disclosure: Sold out last week
I considered whether or not to post this but thought I would in any case..... I contacted a friend, he is an academic/consultant including drugs trials. I asked specifically about 201 as this is where i Saw the value but of courese VAL have other therapies.
201: Planning a late stage study, this would usually be a phase III randomised control trial.. this can take quite a long time to run and prostate cancer generally has a pretty good survival so the trails sometimes need to last years before they get the evidence they need. Occasionally you do get drugs based on phase I or II studies, maybe the case here but would likely get a low offer because the evidence would be highly uncertain.

I wont be looking back on here so no need to respond directly. GLA

15:26:07 2100 code? Let it run

Interesting, thanks for the link OMITC

Unfortunately, despite the blue above, there was no rise in the SP today. Waiting on that update...