Member Info for E_AL

The market maker WINS just moved his ASK to 4p from 3.5p (at 13:30) & the raised the BID to 3p. Now all the MMs ASKs at 4p and above :)

In this case we should expect the sells to fade shortly if Baron still got anymore shares to sell, they dropped two chunky blocks an hour ago which shows their desperation to get out asap:

12:05:29 3.117 1,800,000 £ 56.10k
12:05:24 3.10 1,000,000 £ 31.00k

oneandonly1 , imo the continuous chunky sells over the past couple of days could only be from an institutional investor. I suspect Baron Capital Group, Inc. because they reduced their holdings in LEK Oil 3 times this month prior to yesterday’s update so I reckon they took advantage of the high volume over the past couple of days (after the recent rns) to offload the rest of their position (2.8%) ....... TR1 should be due any time soon!

Good support around this level so I reckon we’ll see sp recovery from here

Red to blue #DavosEffect ;)

No need for anyone to try too hard, imminent news on the way, work already commenced in Otakikpo and a very supportive partner in a world class strategic asset. Sooner or later the share price should see recovery from these levels:

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."

The news released yesterday by green energy about OML 11 project commencement is a price sensitive information so I really can’t understand why Lekoil’s nomad didn’t RNS it? LekOil acknowledged it when they retweeted the news so my thinking is that they are waiting for the final piece of the jigsaw which is the financial bit before announcing the news via RNS as you guys just said .. anyway imminent news in the way.....cant wait !

Baron Capital Group, Inc. reduced their holdings in LEK Oil 3 times this month prior to yesterday’s update so I reckon they offloaded the rest of their position (2.8%) after yesterday’s RNS. let’s hope the company will release TR1 tomorrow !

Good support around this level so I reckon we’ll see sp recovery from here

Not before July 2020 ;)

No buyers ?!

Nice support on the bid and buying pressure is building up - L2

two million shares or pounds ?! If shares then they shouldn't be an issue since the buying pressure is building up and plenty of buys gone through in the past hour

Nice support on the bid at the moment, sells fading in the last hour so hopefully we'll see some recovery from here.... sp likely to settle around 1.45 by eod.

"Maybe you should take your own advise at UJO more dilution to come there for sure?"

Hmmm , I listened to DB's interview yesterday and he said they (and UJO's partners) have enough funds to cover all of their operations in 2020.
btw, I dont hold a position in UJO or UKOG

Same here invester2015 , its a no brainer ;)

22 Jan 2020
LEKOIL - Signal: BUY

Last Pattern: BULLISH KICKING

Signal Update: Our system’s recommendation today is to BUY. The BULLISH KICKING pattern finally received a confirmation.

Market Outlook :The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment.

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=LEK.L

I'm not selling a single share below my pt. 4.5-5p should be easy to achieve by the weekend ;)

LAGOS, Jan 21 (Reuters) - Nigerian oil firm Lekoil has reached a deferred payment deal to keep ownership of an
oilfield, the company said in a statement on Tuesday, after it discovered the loan it wanted to use for the purchase was
fraudulent.

Lekoil shares plummeted on the London stock market last week after finding that a $184 million loan it had announced from the Qatar Investment Authority was a "complex facade" by individuals pretending to represent the QIA.

Tuesday's statement said Lekoil has agreed to make final payments totalling $9.6 million to Optimum Petroleum Development Company, the operator of the OPL 310 oilfield, by 2 May.

The companies also agreed to defer to July 2020 Lekoil's need to prove it can fund 42.86% of drilling costs.

"We remain excited about the opportunities of OPL 310 and are focused on securing the necessary funding under the revised schedule," said Lekan Akinyanmi, Lekoil's chief executive.

"We are grateful for the support and commitment shown by ourpartner Optimum," he said.

The audacious scam has casts doubt on Nigeria's hopes that its indigenous oil and gas producers can fill the gap left by
international oil majors such as Exxon Mobil Corp and Chevron Corp, which are trying to sell Nigerian assets to focus on
projects elsewhere.

(Reporting by Libby George in Lagos; Writing by Paul Carsten; editing by David Evans)

https://www.lse.co.uk/news/update-1-nigerias-lekoil-reaches-deal-to-keep-oilfield-after-loan-fraud-pt39xx1u4cfv8bg.html

Now the day traders are out, she'll head up from here !! I believe we'll see (at least) 4p by eod

"Optimum and LEKOIL have also agreed that the obligation for LEKOIL to provide evidence of its ability to fund 42.86 per cent. of the costs and expenses for the drilling of the first appraisal well on OPL 310 be deferred

until JULY 2020."

evertree Drinks PLC with EPIC/TICKER (LON:FEVR) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘HOLD’ today by analysts at Deutsche Bank.

Fevertree Drinks PLC are listed in the Consumer Goods sector within AIM. Deutsche Bank have set a target price of 1650 GBX on its stock. This is indicating the analyst believes there is a potential upside of 13.0% from today’s opening price of 1460 GBX.

Over the last 30 and 90 trading days the company share price has decreased 690 points and decreased 672 points respectively. The 52 week high for the stock is 3290 GBX while the year low share price is currently 1411 GBX.

https://www.***************************/fevertree-drinks-plc-13-potential-upside-indicated-by-deutsche-bank/412803422

A very tight spread at the moment 1449 vs 1450 but good support on the BID so far