Member Info for Danker

Just about to post the same ha
True or not like the sentiment ... GLA

A couple twitter posts suggesting a potential bid?
How true who knows like the sentiment though..
Won’t hold my breath, GLA all holders

Hearing from a credible source here Seplat keen to launch bid for Lekoil #SEPL #LEK #NIPS2020

#LEK
This will be on a few radar screens tomorrow,a bid is likely to be in excess of 10p #lekoil #seplat

E AL good find
bronze sponsor , Lekan is a Confirmed speaker

Patience I keep telling myself , not my strong point.
If in doubt I read my research and remind myself of the asset values, life is ok.
GLA

Listening carefully to the video at Davos, Lekan.
Interesting watching body language and words.

Lek oil want to become leading exploration company ? So total takeover if believed maybe unlikely ? Unless a JV, producer and explorer?
Therefore Asset sale only ?

Balance of portfolio , including Gas , aligns with the community, which could suggest 276 not for sale.

Only leaves 310 nearing OML. For sale. Value anyone ? 232mmbo @$55 per barrel , plus 13M afren 22% piece. Based on x potential output per day , minus capex and typical opex costs.

OPL325 exploration stage aligns with video and LEK ambitions.

The video only two weeks ago unless something compelling had changed since.

Probably thinking , Not rocket science Danker could have told you that . I am just interested that all, will stop for a while overthinking it, can’t change anything , but love trying to work out probabilities and what maybe next
GLA

Just wondered what are peoples thoughts on the circa value of LEK assets individually.
If financing can’t be achieved which one would make financial sense to sell , potential sale could take the share price partially or fully back to the original position, sentiment instant change , additionally secures capital for Otakikpo expansion.

276? Value
310? Value
325? Value
Maybe sell, 276 ? 310? Both ? and concentrate on Otakikpo and 325.

asset 276 is estimated volumes of 29 million barrels of oil and 333 Bcf of gas, upside of 33 million barrels of oil and 476 Bcf of gas (recoverable). LEKOIL has squired 45%, Production sharing contract,

OPL310 after investing over $100M to get to this point , survey vessel , H2 spud, 232million barrels of oil for LEK 17% , plus farm in negotiating for the 13M LEK paid for Afren to be worked on 22%

OPL325 enormous opportunity 5000 million barrels of oil LEK 62%, funding clearly required and longer term.

Expansion of Otakikpo from 2344 bopd to 8000 is the revenue generator but $68M is needed for JV funding but capital will treble revenue in excess of 100M.

Just wondered what people think out of interest.
my opinion, dark forces at play, Ruthless business sabotage imo but wtfdik.
Hope everyone had a good weekend.
Roll on this week.

Stand to be corrected,
Brent crude was between $60-$70 in Jan
Circa $55 currently
Believe Brent is the oil price used for African, Middle Eastern , European oil.
So guess it’s about right , surely LEK can’t get that bit wrong , Maybe that is why debt management may need a bit of focus ha
Maybe I am incorrect.
Good weekend all
See what Monday brings,

Feel better now after ave down , again, not so far to climb.
An oil company ironically with a name linked to LEK done me well last two days , out now.
Back into one of my comfort zones, well researched favourite ‘LEK’ the little Mcap oil company
GLA

Thanks Stock much appreciated

OMITC, thanks , I will, always willing to learn.
that is a good thought, We await 2.30 ,
I previously mentioned a few thoughts , some answered rationally by E AL and co , who is soaking up the 6% , no TR1, all pi ? , or ii under 3%, closed period ? etc etc did not consider a reinvestment.

Also odd that Cleverlady comment, 7 posts quickly read them before disappeared , whether you can believe it or not , made me think....

Now sat here considering averaging down again ha
GLA

Stock would be interested if you don’t mind what was the premium ? If not no worries.

What’s the premium stock ?

Cleverlady totally disappeared after a couple of interesting comments ?

Likewise OMITC , Thank you
We deserve something out of this , for all our determination, research and patience ....
Time will tell.
GLA

OMITC ... Ha , well stated

E AL thanks , and for the updates
I agree , with you and many others we will have our day, waiting game.
Could have sold ages ago although down 9K down think it will come good , fundamentals and the assets, at 3p says it all.
This share intrigues me more than a few others I have, although one yesterday has me interested for a different reason, fundamentals again though.
Anyway I believe LEK could out perform many and quickly.
GLA

E AL , your opinion, 1M sell at 13.00 ?

Sometimes I find it hard to be 100% sure , the MM spread etc the way it’s positioned , but maybe that is just me.

Good news is we all want to win, unless your Taff of course.
Thanks

I was thinking the same Big
Those large rounded number trades.
Who knows, but at the moment SP soaking them up fairly resiliently.

Suhail you called that yesterday ‘DMA’
And Blades logic and research
Made me research for a few hours
Hence me being here late yesterday.
Did not expect it to move this quick , wish all my others would do the same
Thank you once again
GLA

Blades/suhail your posts are very informative
Whilst getting up to speed
thank you

Stuartv
Totally agree, waiting game ,
Longer it goes on more intriguing it gets
Wish everyone a good day

No news due here StopTilly
No major events coming up
Or any planned MOU
no Jorcs
Or any news due on updates from BP
Or anything of any significance
Steve is obviously correct ha

Has to be worth a little punt based on the fundamentals... @11