Member Info for Danker

Agree , be a shame as the potential 232mmboe at $64 P50.
Such a huge potential four times the original estimate, think that why the 13M LEK paid Optimum , after a dispute both parties agreed to work it out when a 3rd party farms in , and license holders and government had some influence obviously.
Then this happens ... interesting and two BOD leave at the same time.

Thinking so would someone or some organisation want LEK to fail , maybe, but maybe not now there is a great investment opportunity at the current SP , yes 310 is for debate , and we know with funding what the SP is capable of , so maybe some background buyers.

Seplat ? Maybe , and don’t the MOU JV with major as well planned ?
Interesting for sure

OMITEC
Totally agree with your comments , as per my previous posts , imo someone wants 310, Lek 17% and the disputed 22% soon to be a mining license.

Ironically they had to pay 10M upfront for the funding which would have meant no option but for the sale of 310

Think they can recover, if not sell percentage of 310 or in full,

Interesting times ahead ,!be interested if someone is acquiring!

Thanks

OMITC thanks, good find
Putting the systems in place , ‘to underpin future growth plans’
Would say it’s definitely a little step forward.

Maybe new exec directors taking control, standardising the IT for efficiency and control
Good step forward imo
Long way to go but suggests they are not going anywhere

Pineapple would not surprise me...
AIM for you ...

Something kicking off
That type activity is not unusual but when shares are needed more likely.

Haha Top your comment :.
Not was anyone hurt ?
Just
Anyone get a good price ?

We can safely say the ask and the bid did not follow the dip together

those lightning dips , maybe they needed to fill a large order, and that spread ...
As they say ‘At least Dick Turpin wore a mask’

MM now thinking Maserati or Ferrari

Wtf popped out for lunch ha
MM just picked up loads of cheap shares
MM will be loving this .....

And getting past the 10-15% traders
Fair play to them though
Make the most of it
Can see 5% a day all week until an RNS drops

Another £5000 in
Don’t let me down LEK

Hmmm think we still have a large seller in the background , hopefully come to an end soon and then we can move up

Still think an asset sale imo
Interesting reading back LEK were considering selling assets in 2015.
Big change here is the field value is 770 million barrels of oil p50, four times what they originally thought , LEK share 232 million barrels of oil at $64 per barrel , paid for the license and will have to again for a mining license (production), fund the equipment with Nigeria ministerial consent soon.
Not sure a placement is coming, easy to relinquish the stake or asset, LEK paid optimum 13M for Afren shares which they agreed will work it out whoever farms in. Farm in reveal yourself .... and then this happens interesting.
Somebody wants this field , close to mining license and production most of the exploration work is coming to and end , and work it out the value of the field and LEK shares.
770million barrels of oil P50 , 232mmboe LEK. $64

The Afren directors got 30years behind bars 2018 which the LEK board would have been well aware of for fraud. With the new NED , current situation chance to use this to become bench Mark organisation if they choose too.

https://markets.ft.com/data/announce/detail?dockey=1323-12603685-74KQ5EISGF409UNS2P82A379G3

Definitely and make it a double decker

Friday , day traders impact to come , thinking .....

‘shall I stay or should i go now’

‘There maybe trouble ahead’

‘Fly me to the moon’

Can’t believe I threw in a deramper song on my own share

Next 45mins be interesting

Potentially as stated yesterday in a state of flux
Large sellers leaving , maybe Baron is still selling but at under 3% as per TR1 rules we do not know.
Being taken up by new buyers so until that finishes then slowly slowly.
Just my opinion WTFDIK
Check out later the late sells and buys.
MM must think Xmas continues with with saga.

To make you feel better double that Loss for me
I can wait though.
hard to trade and get it right with those spreads and 5% - 10% movement plus costs, time, effort risk etc

By Feb or sooner something will happen it has too.
Either way I will know but being optimistic for a partial recovery and then trade a little later.
Need to get the large seller gone hope tomorrow and then maybe a RNS and we can climb a little.

GLA

OPL310 asset predicted 232mmboe P50 for Lek , $64 dollar per barrel , Licence paid , also paid 13m for 22% from Afren in dispute still but optimum lek looking to come to arrangement on the potential farm in, this will be on the table for discussion IMO.
Reading the RNS and bit of history seems like a good relationship Optimim & LEK.
Minus the initial investment required and working capital required which is not insignificant.
Would suggest all in all well in excess of what they need in a fire sale imo, But all depends on what some one is willing to pay obviously, maybe a reduced stake .... I would be negotiating hard on that point alone we paid you 13M already for something we have not received , worst case sell the asset cash in bank concentrate on the other assets
And pay me back ha
Before this fiasco 5th Jan ‘ OPL 310. Hannam & Partners have calculated a risked NAV of 23p a share and an un-risked NAV of 239p a share’
And we are at 3p. Minus now 600k, and of course that changes as that was based on funding which we don’t now have. With funding above probably applies , no funding sell % or asset in full , focus on other assets
Two things thing will not change quickly ...
1) credibility
2) the scamming jokes for the next ten years from all their relatives and shareholders

LEK responded to my emails today. ‘they were taking my my concerns seriously and planning to update the market very soon’ nothing unexpected I guess
They like a Friday RNS one may be coming in the morning then , problem ‘very soon’ subjective
Wait and see ....
GL

Don’t worry Bfath you may still be leaving at 3.5p
Large exit , new buyers , transfer , Patience IMO

Still believe it’s a genuine screw up whilst rejoicing at such a deal and being blinded by the obvious
Unbelievable , still think a few options are available like I have said before , all not lost , Apart from their credibility of course and 600k which the board could pay pack via their salaries or potentially insurance ?
Assets have not changed ...
A RNS would be well received , LEK like Fridays ...

Awaiting ‘da management’ at Seawave,