Member Info for Danker

Guess we will know by 7.30 if there is a RNS and if late buys hmmmm

If no RNS maybe sells, or a mixture

You would have thought in this day and age of data we could have a more efficient and transparent operating system, probably one thing we may tend to agree on
See what happens tomorrow ......

Don’t disagree on some of the sentiment but some comments totally disagree , I would be surprised if LEK lost 50% or all of it Taff., seriously , but that is your opinion.
Hence the new asset management system recently announced , guessing its for OML311 and the JV.
Asset optimisation , reporting etc

We have the lift due, X million , LEK paid 13M for the Afren share 22% which optimum and LEK agreed they would work it out on the farm in which is no secret. Yes a Farm in partner.
JV on OML311 to be announced as well , as per RNS

Yes still need funding but Optimum have agreed delayed payment which they state are confident of, not guaranteed, they are closer than anyone of us unless Lekan is on the London share chat , so worse case they sell a percentage or all of the ‘world class asset for X million’ 310.
Even without the disputed 22% , LEK share 17% is 232mmboe P50 $64 per barrel , of course operational cost and expenditure.

Lekoil seem to be more active on Twitter recently so although some of you may have bet against the SP , I appreciate your input if it’s constructive , personally spent tens of hours reading and researching, so in my opinion it will take a little while , 4.5-5p is not unachievable with some of the above on RNS in my opinion short term ie weeks/month.

Time will tell but talking total crap either way does no favours to anyone, if you gone short then it’s your opinion , gone long the same , and if you have not done either at least join in ffs or you may be bored.
Personally I am long could have sold out but more I need think there is more to come, just my opinion.
GL to all the bulls , nothing personal bears.

Yep need to be careful
Monday done the open and then the drop to catch shares

Yesterday MMs took it to 3.74 instantly triggering gains and taking shares and took it back down
Two spikes

GLA

Agree Pawn
Few more pieces of good news to follow
Lift. X million
OML311 increased production and JV
Farm in partner 310

This SP will bounce around but each one of the above over few weeks should stabilise the SP 5-6p comfortably.
And then wait for the funding, sale, t/o

GLA hope this makes money for many

Good timing Woodie ....
I stayed in and added more trying to average down
Hopefully in a few weeks back to square one.
But with a reasonable size holding.
See how it plays out for now looks positive and think LEK and the new execs will get the news flowing
At least they now have dialogue with QIA and every other major investor.
GL

Woodie working out ok at the moment .....
GL

Smile at that little MM trick yesterday
Open auction 3.5 trigger , Drops it to 2.77 trigger
Gathering some shares .... why we wondered.....would they want so many shares ? So soon.

It will Amers give it time , 5-6p in next few weeks
with the other news on its way
Then if and when funding is complete 10p + again ( I was there but averaged down)
Then Spud H2 2020 OPL310
Unless a sale of the asset or a takeover
311 increased production , 325,310 asset bundle sale that would be great ,
No brainer at the moment
Enjoy the moment ladies and gents

And those with their shorts down pull them back up and jump in.

‘World Class’ asset , who would not want that...

Maybe a recovery play and a t/o who knows but a good day anyway , lots of good news to come, and time for LEK to reflect and push on.
To be fair they have acted promptly and kept us updated even if they screwed up big time , so that’s a positive for me, can see a couple of positive RNS in the next few weeks to keep the momentum.

Good work OMITC
Danke

Can see this rising 5-10% per day for a while whilst LEK also drop in the other good news on OML311. 325 and the lift.

Also a great statement by optimum ‘We remain confident in LEKOIL's ability to by July this year, raise the financing’
They will be closer to this than most if not all of us.

Next news

Lift from December now in Jan X amount of million
JV Otakikpo with a major as per the RNS
OPL 310 farm in partner
Investment in asset and operational control already announced recently
Bit of breathing space and recover in between

Good job ... Good Luck all

Ha , The little drop yesterday ..... and the open.
Gathering shares as most of us suggested.
Roll on
Then the JV announcement
OML11
OPL325

Happy days
Funding still needed but they have had some exposure now and investors will see what they have

Says it all
and the comment a ‘WORLD class asset’ 774million barrels of oil it bloody should be 232mmboe for LEK.

Engr. Yusuf K. N'jie, Managing Director, Optimum Petroleum Development Company, commented, "We are pleased to continue to support LEKOIL by deferring their obligations which were due this quarter. We remain confident in LEKOIL's ability to by July this year, raise the financing that is required for the commencement of the appraisal drilling programme for OPL 310 which we truly believe is a world class strategic asset."



Lekan Akinyanmi, LEKOIL's CEO, commented, "We remain excited about the opportunities of OPL 310 and are focused on securing the necessary funding under the revised schedule. We are grateful for the support and commitment shown by our partner Optimum, the Operator of the OPL 310 License. This alignment with our partner is crucial in unlocking significant value for all our investors and stakeholders."

The MM rarely lose , ahead of the curve on intel,

Still thinking of the , not unusual, but not the everyday behaviour yesterday ‘open auction ask 3.5 trigger , then later in the day lightning tree shake stop losses 2.77 back to 3p’

Now, why? ask yourself , what was the objective.

GLA

Just thinking this over again summarising in my head
So prior to funding trading circa 5p
With funding was 10.50p
And imo was increasing as , lift in Dec now Jan X million to LEK , OPL 310 spud H2, OPL310 opportunity 232mmboe p50’for LEK which is Lek 17% at $64 per barrel.
The 13m we paid Afren 22% to be worked in an agreement to the farm in partner for 310 agreed with Optimum.
The JV at OML11 with the significant increase in production to be announced and now asset management news just released which is positive and a step forward although small for control and optimisation.
OPL325 potential is huge
150M worth of assets
Two new non execs of reasonable quality

And the share price is 3p

on the basis of a monumental fook up at this moment in time exposure is 600k, confidence and no funding currently, whether planned sabotage or not , 2 BOD leaving so fast at time maybe a coincidence.

Currently trying to reach 3.3p hmmm
LEK have options ... interesting this .....

Good luck all

Was an interesting question on stops
From the profile .

Agree think the plot was genuinely halted due to QIA contacting LEK
Interesting yesterday MM triggered stop losses at 2.77 on that drop and also the 10% gainers at the start of the day

Outside day chart

Guess they want a float of shares for something

Interesting reading the Seplat annual reports and their growth strategy
‘On farm in strategies and acquisitions ‘

Guess time will tell all depends if we need to sell 310

GLA

I currently 9k down but put another 5k in today
Averaging down
A few good RNS could make this fly but it’s a gamble, researching as much as I can, between us if we keep the board constructive we can try and put some of the pieces together
Appreciate everyone’s comments and contribution.
We PI are generally the last to know.
Wish everyone well