Member Info for GT6546

I wonder if we will see Holdings RNS announcements released in the near future?

Pleased to see all AGM resolutions passed.

If you check your online Corporate Actions with your broker, fellow shareholders should hopefully find one there to enable participation in voting in the upcoming EGM.

Good to see they are making it cheap and administratively easy for shareholders to participate, and vote FOR or AGAINST the delisting of Albert Technologies.

I think this online Corporate Action will probably increase shareholder participation in the EGM considerably.

Holdings increase on 26/7/19.

ALLAN GRAY AFRICA EX-SA FUND LIMITED

5.3368%, up to 6,1263%

Bringing down the sell price in that way may then potentially trigger stop losses, and further automatic sales at lower prices.

Odd, given that there are a number of larger sales at around 4 pence, the sell price hasn't been adjusted up to 4.

The common 15 minute delay in price displays doesn't explain why 3.5 pence is showing as the selling price, as its been nearly an hour since the 7 shares were sold at 3.5 pence.

Friday's closing price (i.e. mid price) was 4p.

The drop in price this morning appears to have been caused by the sale of a mere 7 shares at 3.5 pence for a total of £0.25.

3.5 pence is about 0.5pence less than what other, larger sells were made at this morning.

08:05
29/07
Sell 7 3.50p £0.25

PS In my opinion a unifying past theme in some of the past companies he has had TR-1's on has been "undervalued gems" (if you'll pardon the pun!)

I don't know if it's the same person, but I can see there have been TR-1's in that name in a number of other companies of note.

Sustainable, responsible and impact investing (SRI) and environmental, social and corporate governance (ESG) criteria are bigger things in the west - and amongst west based investors - than they used to be.

The word 'oil' in any company name can put some investors, institutional pension funds (particularly those administered by universities under pressure from students) and fund managers off.

'Energy' companies seem more fashionable and seem to have better 'street cred' and kudos

Energy companies with the word 'energy' in the company name, who also operate a bit with renewables and transition fuels such as natural gas may potentially fare better, and cultivate a wider investor base.

Lekoil should perhaps start considering paying a dividend in future, when circumstances permit. And keep the market well informed, well in advance if it might be on the horizon.

That could potentially widen and increase the investor base and investor interest.

http://www.investor-hardyoil.com/shareprice.aspx

A private investor INCREASED share in the Company from 11.62% to 21.11% on the 17th.

And on the 18th Aberforth Partners LLP DECREASED share from 11.98% to 0%.

Yet another large diamond find and chunky sale ($105,000). Sizable too - in proportion terms - when compared to BRD's £1.87m (approx) market cap.

The Directors of Lekoil need to up their media and outreach strategy, to generate more interest and awareness in the company.

On LSE, VoxM, ProActive Investors etc.

A wee trip to UK would be good for them and the company.

LEK share price is clearly 'lecking' a bit!

I think it's fair to say that all the partners in the licence are currently primarily focussing on prioritising development of the Aje field, which is fair enough.

But clearly from the map on the New Age website a number of partners are well aware that OML113 potentially may not just be a 'one trick pony' with the Aje field.

ADM Energy themselves do briefly mention on the Operations section of their website that:

"OML 113 covers an area of 835 sq km...and holds the Aje field as well as a number of exploration prospects."

If Aje gets developed and utilised to its' full potential, and becomes a 'cash cow', it does make me wonder if profits from that might end up - in time - help finance exploration, appraisal and evaluation of any other leads and prospects elsewhere on OML113?

Obviously, that's for the future.

Clarity needed soon on whether they get the authority they want to issue new shares at the AGM.

New Age (African Global Energy) Ltd

Amazing how much can be learned when you visit the websites of other companies in an energy partnership.

New Age, the largest percentage partner at 24.06% (after the operator, Yinka, at 41.875%) have a useful page on their website on the Aje field and OML113.

[Energy Equity Resources are third, and have 16.875%]

Surprisingly, one of the maps on the page labels several other 'leads' on the licence block, circling around the Aje field.

The ones they list are:

1) Aje North;
2) Aje NE;
3) Lead A:
4) Lead B;
5) Lead A North;
6) Shiny Nose;
7) Igbakere;
8) Ekiki;

Thank-you, New Age for keeping people informed.

Until yesterday, I had absolutely no idea there were other leads on the block.

http://www.newafricanglobalenergy.com/nigeria/

I wonder if we will learn anything, in the months and years to come, of what possibly may be down there - if anything - in those 'leads'?

Big ships, like oil tankers, aren't as easy for poorly resourced pirates in small boats to board or attack.

The pirates in the film 'Captain Philips' didn't find it easy.

If the Nigerian government promote more oil exploration and production, and get more money from royalties, taxation and selling licences then they can spend more money on a navy to guard ships and businesses operating at sea.

I should just quickly add the info. on Lekoil's website about OPL310 hasn't been updated with recent news.

The most recent news Lekoil released by RNS specifically about OPL310 can be found below.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LEK/14072446.html

The OPL310 licence appears to have now reverted back to the Nigerian government.

But the licence ADM Energy has an interest in in OML113 was announced as successfully renewed earlier this year for another 20 years. Which I find reassuring.

The Lekoil map shows something called the 'Greater Ogo Prospect' that stretches right to the border the OPL310 licence has with OML113 (and overlaps it, into OML113?)

A map of OPL310 and the area on Lekoil's website can be found below:

http://www.lekoil.com/nigeria-dahomey-basin-opl310