Member Info for LGO-fan

what?! that’s a mere 71mn shares and you are there, Peter! Where is your ambition:-)

my 2 cents: 1. you have bought on a spike 2. the company is still building its foundations and had to do placings towards this 3. the investments are forward looking and will, hopefully lead to results during 2019 4. Meanwhile the hit is instant, i.e. dilution. 5. There is no direct link between SP and the company building its foundations. The SP will follow when the company starts ramping up its profitable production (again hopefully during 2019) 6. Macro trends do not help - but not main reason IMHO The team arrived, started to build the company up from the ground, but true impact has yet to arrive. Wait for 2019, Bandini! GLA

I have a watch list of 15 shares, with a mix of AIM and FTSE....only one is growing. that either means the markets are all down or I need to stop investing in shares !!

sure, mate. agree, re Koot and also agree re PEAK. But LK is a rookie at AIM (he admitted that) and he has a tendency to over promise (we all know that). I’d rather he under promised and over delivered than the other way around. Note I am a big fan of Lk and will change my avatar to reflect that when we hit 20p! So fully confident in the chap, but that doesn’t mean I can’t have some constructive criticism where I believe it is due. GLA LTH, indeed!!

If he meets the 1000bopd, he will have massively succeeded! Zero doubt. The point I am trying to make is that he needs to be a bit more careful IMHO, with issuing these really high targets. For the simple reason that either he achieves them, and people say “ok, good” with little impact on the SP...or he does not achieve them and the SP tanks (as per last year; technically he did achieve his target but he had raised expectations too much..we know what happened last Xmas to our SP). So, my point is, LK could be better at managing expectations. Despite some ii’s, this is still has a large pi-bass...

Hey Chesh, so true mate...I am open about it, not hiding anything here. Think this share has potential, but need to be convinced by the progress the BOD makes....and waiting for some placing clouds to disappear first...spring and all that...then maybe

Good morning Offerman, If LK wants to update ahead of Xmas then we should get the update by Friday latest. (assuming that Monday is not an ideal day to issue an update). If we don’t get an update this week we can assume LK needs every day to reach his (over?)ambitious target by 31/12. Hopefully he will have reached the 1000bopd, but I do want him to be a bit more careful with his communication re targets. What would have been wrong by stating “a 1000 bopd by end Q1”? If he delivers any time before, it’s a bonus. Underpromise and over deliver needs to be reinstated

hahaha...rather than “follow the money”, I am going to replace that with “follow Chesh” :-) All the best (Works for me! :-) )

other investment....hmmm....it’s not your paper tiger is it, Chesh :-) :-) just kidding...hope that one also works out for you All the best (as you would say)

That would be the dream. Nothing is impossible

have you given up on MTR then?

will be busy

Infill and Appraisal drilling targets are planned including 2019 implementation

Long term strategy for field re-development is to realise production growth potential to above 3,000 bopd through application of EOR techniques including waterflooding

Existing Snowcap production facility to be re-activated in 4Q 2018

Company interpretations includes twelve mapped prospects each having volumes of between 20-400 million barrels in place. Onshore drilling allows the cost per well to be significantly lower than equivalent depth wells offshore. It is anticipated that between 2-3 wells, targeting the shallower prospects, may be drilled on the licences initially at costs of around US$2-4 million per well, including wells with multiple stacked reservoir targets, with the first well potentially being drilled, subject to satisfactory technical analysis, in the first half of 2019.

hahaha!! Yes, I would almost like that more than a cracking RNS :-) :-)

Do hope we get a good business update and that LK smashes his 1000 bopd target. Rather have a decent RNS with excellent numbers instead of a fancy video.

Q: Can it be fast tracked? Say late Q1 or early Q2 2019? Especially when the company has received substantial funding supports from its major shareholders ??
#CERP

A: @AmonkMonkey
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Replying to @LseNeon @kerploshcouk and 2 others
A question for the Company not me really but I believe they will go as quickly as possible and your timing is not out of line

I wanted to post it twice

15-20p in 2019

according to Mike Joseph

https://twitter.com/benchpressmike/status/1072434765154918401