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With everythimg on shedule i can see first oil before end of 2018 would be a great Christmas present
why is the sp £!.12 ? is this due to the exchange rate?
lots of 100 buys why not buy 1000s
Nearly all buys coming in now although small amounts
18,000 shares and they ain't gettin em.at this price, only a small holding but every little helps Delek will have to dig a litttle deeper and you never know you may strike GOLD. At least £1.50 before thinking about selling
Some larger buy coming in today and hope it will continue
Still a few sellers lurking in the back ground as you say stars and stripes
Still a few sellers lurking in the back ground as you say stars and stripes
I think the retrace idue to shorters now out and genuine small investors buying so hope we are on the upagain
LEKOIL LIMITED Lekoil Limited is an oil and gas exploration and production company focused on Nigeria and offshore Namibia. The company’s shares recently rocketed +30% after it announced the start of oil production from its Otakikpo field in the Niger Delta. The Otakikpo 002 well produced from only the first of four planned production strings across the two wells, and flowed oil at a peak rate of 5,703 barrels of oil per day, significantly ahead of expectations. Further good news may be in the pipeline as the company begins appraising the significant Ogo discovery on the OPL 30 licence. Interestingly Lekoil’s original guidance was for around 6,000 barrels per day from the four strings at Otakikpo-002 and- 003 –therefore confirmation of the find at Otakikpo-002 well means this guidance will be significantly exceeded should further testing and analysis yield good news from the other well. Given that the shares have been as high as 80p on the prospect for oil, the fact that oil has now been discovered is a bullish signal for the company’s future prospects. The oil price is obviously key to the future share price trajectory, but the fact that Lekoil has been able to continue financing its prospecting activities during this period of low prices is a positive signal for when an oil price recovery begins. A net cash balance of $22.6m as of September 2015 should stand the company in good stead to grow further organically as well as through value-added acquisitions
Completed placing of new Ordinary Shares at 24 pence per share is very good. I hope Lek are not going to get to big to quickly like Afren as i got severely burnt lhere
About 220000 buys and no sells yet no SP rise whats happening. Bought around 16000 shares yesterday but had to buy i n 3 lots as could not buy in one lot. Possibly could have bought in one lot if i had gone through my broker but did it online. If this is still the case it may stop Pis getting larger quantitys online. why is this happening
The big boys are piling in Holding(s) in Company www.investegate.co.uk/article.aspx?id=201311270930030517U&fe=1
Small problem retreving parted drill string but back on course now. Results very soon
If Thats the case dont buy any more..I am sure they will fly soon
second day more buys than sells yet SP still going down .WHY ?