Member Info for Fukurokuju79

Furthermore they are looking to reduce costs by 25% including director remuneration. That's positive jaws if I ever saw them, revenue will be up 3-4 times current and costs down.

The $68 million dollars will not be equity based financed but debt based with profits.
Given they are effectively going from 2,000 net to LEK to between 6-8,000 bopd to LEK I am not worried about the financing lol.
LEK average oil price sold at $66 so even at the lower increase to 6000 barrels thats almost 150 million dollars gross to LEK a year, over 192 million at 8000. Market cap here very low.
From recent rns 'LEKOIL is expected to fund US $68 million. The anticipated costs consist of debt repayment to financing parties, including the Major Oil Company, in addition to a project implementation fee paid to Schlumberger. Repayment of the facilities anticipated to be provided to the Otakikpo Joint Venture pursuant to the project will be made from production revenues from Otakikpo'

Dougal....I was going to write a long answer to your nonsense questions and antagonistic posts. Then I realised, its pointless as you'll just come up with some other tosh and life is too short. Enjoy it. You dont like BCN,that's cool don't invest and focus on the positives in something you love, not the negatives of something you dont.
I'm open minded to other views but you're just trying for a reaction here for entertainment, or some other self serving reasons.
Lots easy just to filter than bite back.
Wish you all the best.

Tr1 is a holdings notification used to report when a holder crosses certain notifiable thresholds (if they tell the company!) Which they should but hey

Yep not aware of them pulling put at all.

It is a matter of opinion but thats my point blue or red meaningless. I looked at the actual trades on stock exchange and my view is a sell.
Doesn't matter either way, we both here for it to go up. I have plenty in here so prefer it was a buy. Just saying my opinion as you are yours!

Egg there are big sellers as per holdings rns. Jennison and capital group. Jennison now below the 3% notifiable as per last rns, capital must be selling down is my view.
I think when they go this gets back to proper value as they are currently a ball and chain on the supply side. Hopefully be done soon as the rns increased the volume for them to sell up quicker.
I have a fair few here now so hopefully they notify lek soon so can release it.
IMO.

Not convinced petertee. I think its a sell based on same trades around that time on the london stock exchange. Two much smaller trades within 30 seconds of the 200k trade which was 4.82, that were priced at 4.89.
Cant rely on colours shown on this site.

I know, just keeps me smiling. Got to laugh it off.

I am grammatically challenged and not so saVVy as you penny. Eyeguy is smarter than me but can I have a stab at what ironic is please:

An old man turned ninety-eight
He won the lottery and died the next day
It's a black fly in your Chardonnay
It's a death row pardon two minutes too late
Isn't it ironic, don't you think
It's like rain on your wedding day
It's a free ride when you've already paid
It's the good advice that you just didn't take
Who would've thought, it figures

Is this right? Keep your reply simple.

Bluegrass, I think Hanwa will be part of the residual funding but Ganfeng wont care, they will also add more using their anti dilution rights.
Anyway, onwards and upwards and all that.
I think Addicknt is just saying what the market seems to be saying I.e. show us the total composition of the financing. I am almost certain there will be some further level of equity but how much will depend on what Ganfeng can bring down the capital spend by during there review, and the share price at the time. I am still holding and won't sell but I hope the price can rise up to minimise any equity raise.
I know some dont think there is any shortfall and that there wont be equity raise but my calcs suggest there will be. That said, its to be expected and I think the price here should be higher than it is. Ganfeng on board is great and will put a rocket up the rear of this project once and for all.

Weirdest thing ever, been loads of them. Must have a cheap broker.

Here today. I have seen a number of buys at 0.27 only for the same to be sold within the hour within an hour at a loss around 0.23. Maybe wide spread and people didn't realise. Very saVVy. Not you is it Penny?

I thought you were hoping for that broadcasting investment... Talks Hit. ;)
You've been championing it for ages.

P. Give me an
E. Give me an
N. Give me an
N. Give me an
Y.
Lol. Your making my day. To be fair I have too much time today. So, thanks for the entertainment. I will give it a rest though. Find better things to do. Keep it going. Laters Pen.
Disclaimer: occasionally known to make grammatical and spelling errors. Apologies. I take full responsibility for this announcement.

But having said that I can sell all only at 5.5p. I m gonna switch it off and just see what happens as its too choppy to tell atm. See whats happening later. Gl all.

Price at 6.88

Not sure about the prices we are seeing.here. london stock exchange is lots different.

Yep nice start so far

For Sure. Be interesting to see what happens today.