Member Info for kenniGT

So if you don't like it go somewhere else. I3E or LEK looks promising.

LOL Mike, there is oil :)

At what price you are planning to buy back?

Back to 14 please :D

7.79

7.5

MM want to spook people by manipulating the price.
2400net oil production, oil price is going up, MM push it down.

you mean 17p :)

UKOG investors are sitting on big losses, hence not happy to sell. I was there, managed to escape with no loss after 2years of dilution.
Here. We are at the bottom with big production, and even bigger prospects. Those facts in time will be worth more then investors sentiment.

And UKOG is doing what? 200bpd? Ok I will give them 300, and net to them half of it (more or less)
LEKOil 5000+ , net 2400 for Lek

Yep. Looks like we heading towards 7p

I calculated couple days earlier they have close 50mln $$ a year from current oil production.
Companies are usually valued multiple value of yearly productions.
And in here we have also additional drilling prospects.
Only way is up.

Still undervalued. IMO should be back at 20-30p levels

2,329 bopd x 356 days = 829124 barrels
829124 barrels x 60$ = 49.75mln $ per year

And this is just current production.
There is new development of current field planned, new wells and new licence acquisition as per latest RNS.

With 32mln Mcap this is seriously undervalued

Just a reminder....

''H1 2019 average production was 5,822 barrels of oil per day ("bopd"), with 2,329 bopd net to LEKOIL Nigeria, compared to 2,042 bopd for the same period in 2018''

13:20 -> 760k+ shares traded (investing.com)
do not trust what lse is showing

https://www.investing.com/equities/lekoil

SP 5.2p

There will be always someone selling, someone buying.
MMs just looking for pretext to amend price as they want.

Sooner they are gone, the better

https://twitter.com/i3energy/status/1164418016198574080