Member Info for Jam4u

Thanks for posting this - I am a holder and left this 'in bottom drawer'.

I thought this was de-listed now - how are trades showing?

Thanks for clarifying that - I actually found out today as osmeone else pinted out and I thought I would come back and say the same here. It is indeed a third as understand it. Also they have debt facility totalling $40m. But still very healthy if you ask me.

Pete/Bonker, good discussion. I prefer a realistic outlook. I think the cash flow opps are great. But with ogo funding etc, there is also the upside opportunity should it be successful. Also, lets not forget they are looking to de-risk by farming out. And of course, one hopes for a rising oil price too. Lots of variables but all I feel have more upside within them than they do downside.

Having just gone through their presentation, I was about to post this and please correct me if i hav ethis worng: I used this pitch: http://www.lekoil.com/index.php/article-166/pareto-oil-offshore-conference-presentation.html and on slide 4 it says this: "Robust economics with breakeven below $25/bbl". SO if oil is at even $40 then that's $15 profit per barrel! So at 10k bpd stabalisied production by year end and a minimum $15 per barrel but more like pushing $20 a barrel given oil is at $43 now. Anyway lets stick with $15. So profit would be 10k * $15 = $150k per day profit. PER DAY! Assuming 7 day operation then at say 350 days times $150k then that = $52.5M profit annually. MCAP = just under $100m! They have other assets and exploration prospects too. Oh and next year they will be targetting 20k bpd which would double the profit to 100m a year which is what is their mcap at current share price levels of 20/21p!. Am I missing something here???

Pete, There are many ways to get there - do you know what the profit would be per barrel?

It looks like LSE is wrong. I just double-checked on Moneyam and its showing as having peaked at 80's in July 2014. Not sure why LSE is wrong on their charts - I dont think LEK ever did a consolidation or anything ....

I have been looking at the charts and I clearly have got confused. I thought the previous high was in 70's or 80's. Looking at the chart it doesnt appearr to be higher than 28 pence. I am sure I bought in when it was in 40's or 50's a good while back - am I going mad? Can someone please confirm?

Not that concerned - more an assumption. But main thing is we are all agreed (I think) that that is a very healthy indicator of where this is heading and will continue to head from where we set off a few days ago ...

Not sure I understood that. Surely this was a trade of either a buy or sell. In this case it is a sell given size and value. I accept it may be a transfer as well but the sell would have facilitated that. Then, surely there would be a matching a buy. In this case there isnt, and so my take was that the buying from today and previous days when totted up absorb this sell.

I noticed that - that sell was absorbed. The good news is this would have flown and been in 30's/40's if that wasnt there. This tells me (assuming no further sells) that LEK is free to go now. I suspect we will see a holdings rns any day now then?

Amazed this has dropped so much even below placing price

Re-lists Tuesday, Placing at 4p, raised 1.5m and rto'ing two businesses/products. Sportsdata and Dataplay. And some impressive holders incl. MITON, Hargreave Hale and Nigel Wray. Board are taking part too. Looks very good indeed and I am expecting very good newsflow in coming days and weeks too ... pleased to see it come back!

So anyone else in here waiting for news? I am hearing things might be moving along now with possible re-list in next month.

Agree - think this is teasing breaking out above 20.0p now. Once there is even the slightest sniff of news this will befar far higher imo. All good, I am happy to wait for it. Meanwhile others will slowly clock on ....

defo was not expected! I think my interest here is now over (for now). Out.

I go away a few days and whats seems to have happened here then? Lets see where this gets to ...

Mmmm, that sell is a concern for me - will he be selling at that level then?

I did look at red dot/ RNS and cant see the 8.3 listed. I see 8.5's but not an 8.3 from yesterday.

So, anyone able to tell me?