Member Info for LGO-fan

other forms of funding are available

End Q3 is what I seem to have remembered (or interpreted based on last presentation). Of little significance to me, these things take take, better to get right than it is to hurry. LK and team did an outstanding job in renegotiating SWP; and that took some time. So....

on the offset it hasn’t been posted before

http://upsidedownworld.org/archives/caribbean/canadian-corporation-plans-tar-sands-strip-mining-in-trinidad-and-tobago/

Oil production in Trinidad has been on the decline for many years. Trinidad needs more oil and many oiler companies have left Trinidad because conventional oil production, due to the nature of many oil fields, is too expensive there. Also the tax regime is not conducive too caped investments. So any alternative form of oil production may be welcomed. Key question I have is if the financials stack up?

so min 6p?

you have your 3p, did you load up then?

With all the vitriol: this, until recently, was quite a pleasant BB, despite everything. No need for all of this nonsense.

Fully agree on all counts. Though the last RNS could have been a bit better managed. It was too dry, too abrupt. Most on here have suffered a lot over the years, patience and confidence is low, and the RNS wasn't helpful

they definitely should. If you look at the latest drop in SP, it is linked to sh sentiment. Managing that is equally important and they need to improve here.

Again, without a clear and proper plan this share will not progress as we want it.

lol!

our exit....probably not before the 31st.... (come what may)....lol

fair

The current team needs to be assessed on their deliverables (this is no longer Mayan).
And when you look at what they have done so far, it is looking encouraging: from standstill to 100 bopd is a excellent progress. Key question is "what is next?". They need the reserve report to be able to give us (first) answers to that. Hopefully they can continue to transform this company

yes, correct.
Would be good ask BOD on payback models for the wells

I think these 2 wells will happen in 2019. He has to make a call which one to drill first. (He may already have made the call but has yet to announce it). I think it may be prudent to start with Clove, higher COS, size of the prize is smaller than Safron it but will give additional cash flow which can be used for Safron later (agree timing hasn't been announced but can't see why 2019 isn't possible). Financials are so positive there; e.g. 250 bopd from that well is worth 500 bopd from Goudron.
RNS to follow in August for sure

they have 2 targets. They will start with one, then move to the next. All in 2019 IMHO. More to follow

People waiting for bigger news and sp slipping a bit on the back of fairly small value trades, as far as I can tell (with a couple of exceptions) in the last week or so.

We are in bit of a holding pattern now. TBH, I did not expect the raise in SP following the AGM. I expected people to wait and buy in closer to Sept time. Some seem to have jumped on board earlier not wanting to risk the higher SP later in the summer. Others are probably waiting, though I suspect the closer we get to September, the more other investors (currently sitting on the fence) will jump on board.

With most people currently holding shares, waiting for the start of the SWP in September, this SP is likely going to see north quite significantly. All IMHO.

Ors isn't mentioning PQE is continuing is downward trajectory ;-)

He may have missed it; lol

Btw, interesting to see how close the two targets are to the beach, particularly Clove. If you know that there are loads of off shores right off that very same coast line, than you just have to smile.

Btw, interesting to see how close the two targets are to the beach, particularly Clove. If you know there are loads of off shores in the area....