Next 18 months10 Jan 2020 14:05
Going forward and other than risks of operating in Nigeria, execution risk on drilling, debt repayments etc 2020 has to be transformational for Lek. I have been invested in Lek shortly after they farmed in with Afren (let’s ignore their story) such is the quality of Ogo. There is a fairly strong chance of Quatar getting hold of the disputed Afren holding so a bit of uncertainty there but like other posters the oil is there so this seems to be looking at developing the field and more intel as quick as poss. I am underwater on my first stake but feeling more smug by the day as cash output and reserves are on the up.