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Please ignore this its incorrect and complete screw up my part apologies to everyone if I mislead anyone it was sorry mistake
The lack of volume is the reason for the large spread. However actually spread is actually a lot smaller with sells today at 2.9 and buys at 3.2 in reality making spread just over 10% rather than 36% as advertised. Looking undervalued here. I see a few things that could lead to a substantial upside here 1. Production update on Canada with anything show over month with more than 400bopd on average, 500-600 bops would be good. 2. Bring the 3 additional wells online in Canada 3. Any continued rise in the price of oil 4. Any update on Italy or other assets in relation to farm outs. More farm outs are the best option vs debt/equity raising. Sustained oil price around $50 a barrel and increase in output at Canada should result in positive cash flow for the company which will hopefully cover more than just ongoing operational costs of the company Looking forward to next update
Yep certainly looking good, good volume, look likes we should see some more north action today
Senator Investment Group LP have been selling, oil was at a break even price for otakikpo and Lekoil have raised a load of cash for acquisitions end of OCT $46mil @ 24pps for Afren OPL 325. Without price of oil being at a premium to $25 I would think fear would be further capital raising would be required to get the other interests into operation now with a revenue stream coming into play the company can pay its way. So I would say price of oil is very important to Lekoil
Until costs of the project have been recovered Lekoil will receive 88% of the revenue once these are recovered it will be 36% There is another $4mil to pay once production is up and running for the licence
I believe it's 36% at the end of 2017 they are saying 20,000 so that would be 7,200 bopd to Lek With a cost to extract less than $25 a barrel that's about $20 approx profit per barrel at $45 a barrel giving profit of about $52 mil per year for end of 2017. You would expect poo to rise during this period therefore potentially further profit margin. They had $32mil in the bank in Dec They also have licences for 2 other area with good potential with higher interests and have the money in bank and from production to get these up and running therefore some massive potential upside Have a look at what some other oilies profits are and what that represents in Mcap Only my opioion but I think it's just one to buy and sit back and watch it grow
Simon Tucker, SRT CEO said: "This Agreement marks the conversion of a further project, and one of the largest, in our validated sales opportunity pipeline. This is a substantial maritime do ST says it's one of the largest but not the largest in the pipeline This is massively undervalued as it stands and with more on the way
I would say pump and dump this will fall as fast as it has risen. Always DYOR Lately there has been tickers web and fri do the same check the boards
there was not a vast sellout and there are not a massive amount of shares on the market only 65% for the public. It's a uber risky here the stock could rise by many folds equally you could be left with nothing. Getting someone to farm in couldn't really be worse time with the state of oil but maybe some business will take a leap of faith with them.
They nearly own 1% of the company :)
He is clearly a blatant ramper similar things happened with webis the other week
If they can get both the farm out and financing sorted then they would far surpass today's high even with a placing but they need to get both though. Today's announcement just confirms they still have neither and are still looking at options. Nothing has changed other than folks inflating this was already in hand Some folks may have been fooled by the Numis broker reporting error though
Really positive update things are looking good here. http://m.londonstockexchange.com/exchange/mobile/news/detail/12667209.html
I didn't say I thought there was anything to compare between the two companies but only reason I could see for the drop
A few investors spooked by William Hills 22% drop in operating profit. Broker consensus for WH remains mixed. All this casts a little bit of doubt on Red32 for some. Will be good to see Red32 full year results, think they are published in March.
This company with smartwall should grow and grow this year with a steady flow of new customers. No small sales here every sale will be 100k plus with ongoing support added to yearly revenue for everyone customer they gain. There is no shortage of requirement for Internet security protection and they are aiming at the correct market. They are also being compared to the big boys in the market out there. Would not be surprised to see this company in the region of 200 million + Mcap in 12-18 months.