Member Info for jollygoodya

Mooks, who gives one atm, higher it goes pre-rns the better when rns :-)

Bid up on 1.13 and climbing.

This really flying today, warrants exercise and today this looking like game on..

All you have to do is read the RNS'. How that is ramping I don't know..

@bear dont ignore this from yesterday rns:

Lekoil continues to generate positive cash flow at the operational level and will seek alternative funding for the future development of OPL 310 as a priority, including reactivating other existing funding discussions.

@bear dont ignore this from yesterday rns:

Lekoil continues to generate positive cash flow at the operational level and will seek alternative funding for the future development of OPL 310 as a priority, including reactivating other existing funding discussions.

In addition prior to the red herring loan, they were in negotiations, which I presume will be re-started..

@bear have a look at this:
Further to previous announcements, there has been an ongoing dispute as to the legitimate ownership of a 22.86 per cent stake in OPL 310. This dispute has been the principal reason that development of the Block has been delayed. Rather than pursue this matter further, the Parties have agreed to use the 22.86 per cent equity stake in the Block as a potential funding and security vehicle for the accelerated development of the Block by an industry partner or a third party that elects to farm-in to the Block to fund field development (both the industry partner and the third party being referred to herein as a "Funding Partner"). The potential Funding Partner may be sourced by either LEKOIL or Optimum.

Bear, you need to look beyond recent RNS'. There have been negotiations ongoing.

Paid..

Oaber very sensible post. There are a few options for LEK, let the dust settle and people will see the light. However BoD have a lot to answer for. They need to get paud in shares only from now on. Seeing as they caused this car crash, faulty driver as always..

Lek take a stake cut in opl310 and both optimum and lek push on the 22% agreed deal to farm it out to mitigate ground costs. Would be win for all concerned.

Yep, likley but I'm hoping farm out deal

Not really Taf, BoD were in negotiations with other parties prior to the debacle, which was a red herring attempt to through LEK off track and BOD stupidly fell for it. Old negotiations will be restarted albeit from a tough position. Net loss to le 600k, not a lot bit credibility shot. So there you have it.

On bid now, should get 4.5p plus imo. Otkikpo pumping a load of cash for lek. Overreaction or what.

Bid creeping up. MM's will overcook this and we'll get a bounce

Still think with Otakikpo, this is well undervalued, especially now.

Was expecting sub 3p as per my post yesterday. However should settle higher eventually. BoD need to get paid in shares rather than money after this debacle.

From yesterdays RNS:
the Company expects to receive the cash proceeds from an oil lifting which was expected to occur in December 2019 and has now been scheduled to be included as part of the liftings for January 2020, further bolstering its cash resources.

Everycloud has a silver lining, at 5p otakikpo is not even priced in..