Member Info for Dave77

Is Paul Mcdade, Afentra who has links with Anthony Hawkins and Hadron possibly looking to buy the Lek oil producing assets at the same time getting the two other finds. The buy price being below the last 4p value Lek himself bought shares at. All guess work but if you follow a very messy trail it just may be.

From yesterday is a buy, look at trades around that time, sells are 2.05 or less. Something going down. I mean who buys that amount in one go without some sort of knowledge.

Defo below the radar, with every day rising oil price. 11mill Mcap.

king, can you expand on why you say that. SP has a downside of 1p in rising oil price and an upside to 19p long term 8p by end of the year. He can multiply the value if his holding.

king, what did you make of it?

He was also trying to point the obvious that this is grossly under valid and the SP has gone down while poo has risen dramatically. That a sale of the company at this SP would be a give away considering the two other non drilled discoveries.
Was my take.
Makes me wonder, is he doing the interview as he thinks the company is being sold and he is losing ££££ on his 40 mill shares?
TBH I missed half of it.

Sorry, to be clear the value of his 40mill shares.

Watched it on CNBC, looks like he is trying to increase share holder value and his 40 million shares in cayman. Mentioned the largest discovery in Nigeria etc.

Lek are producing around 3000 bpd for their own coffers, 30 day month at $70 June is revenue of $6.3 million and SP on the bid is 2p, Mcap 11million. PTR is 4.2pSP Mcap of £45 million and produces less than 2000 bopd. If Lek can sort themselves out this is a winner! Going on Mcap alone like for like should be 8p then a third for the extra bopd around 10.5p. . Then the new well to double production.

Violet, he was CEO of Lekoil, but now CEO of lekoil nigeria,

King can you put your knowledge on a post please?

He. also owns 40mill plus shares, what’s that 8%

Apple, having said that, there was no speeding ticket on Friday. No RNS saying we know no reason for the surge in SP.

Up again, $10+ since the last RNS

$30,000 a day extra

Got to be a buy as the sells/ buys we’re around on average through the day 10-25%. If it was a sell, it be around 2.03p.

Bodes well for Monday, let’s get Zac Mir. With the money that is being accrued !!!

Lek is looking to secure 10 mill in funding to drill more wells to increase to 10,000 barrel a day. With the increase in oil price, this should be a formality.

How do you account for the 6 x average daily volume snd the £103,000 buy yesterday

8p at least

Mind boggling, 365 days , 3000 barrel a day average $70 as I can’t see it going down anytime soon. £76million Rev.

2p= 11mill Mcap. Half year results due, be surprised if this SP does not double, at least.

28 day month, 3000bpd to lek x $67.50 a barrel average since April 01 (all lowest numbers) £17 mill min since last update and mcap is £11 mill.

Add the low ball £17mill to the 6.3mil and 6 months will be very min £23mill.

Report mentions Africa too!!