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So do I however I must say this 50 and 20 trade games are becoming irritating and I hope we see the back of them very soon. I would welcome a takeover now however I still reckon this is a longer battle and we could stay at these levels for a while still before we see some news although I am always happy to be proved wrong.

It's clear to see the price is being squeezed for a reason. Lekoil is being strong armed into a potential takeover before it gets a chance to grow it's free cash flow and remain independent to exploit the many quality assets they currently hold.

I could really do with a Christmas cheer let’s hope Larry can give us something to look forward to as we turn into . If we could get a drill for Q1 that would be awesome. Plus the capital markets would be unlocked now seen as more clarity with the general election and brexit. Let’s get some farm in deals and let’s unleash our potential.

last trade printed for 4 shares looks like we should comfortably return back north of 4p+ next week. If larry can give us some news this side of christmas it could rally massively especially with positive market conditions, and higher commodity prices.

Looking like a strong week next week, the bid spiked on close news imminent and price monitoring extension looks good

The volume has been slightly higher than average this week, something is in the works I feel and we could receive some positive newsflow.

We should receive news on Tapi AIke drill end of next week or week beginning 9th december as we would have or been drilling through our target depth. Early indications could prove to be catalyst for some price action it could prove to be interesting play. Let's hope we get to prove the size of the field and it's massive potential through Tapi Aike drilling programme could be a perfect christmas present. ;)

Drill started ahead of schedule and news due in 2-3 weeks time as that's when we will be in the pay zone watch this space it could get interesting shortly.................

We are due some strong newsflow on otakikpo and progress in OML 11, as well as drilling plans for opl 310 watch this space it is sure going to an interesting time for lekoil. Major partnership deals in the pipeline across strong production, appraisal and exploration licences underpinned by future revenues.

Lekoil brilliant news this morning confirming opl 310 extension things finally starting to turn

They sure are about to get interesting as soon as it tightens up buyers will be in like a rash

Spread clearly discouraging buyers, as soon as it tightens up I am ready to lock and load

Couldn't agree more we are due additional news on partnerships. With very high quality of assets from production, appraisal, and exploration. We are going to head into 2020 with a bang, i truly believe we have turned a corner.

We are situated in a sweet spot I believe we have strong cash balance, drill ready assets, zero licence commitments and zero debt. An array of licences in portfolio a farmout on any and we could see a material rerate in share price let’s see if we can attract the right partners on accretive terms and whether we can get some momentum going into 2020

2 drills in space of the next few weeks definitely looks like we could be in for a price catalyst surge. Tapi aike still the big prize plus an exploration drill in our new acquisition in December as well. Watch this space should see interest build in the next few weeks. Drilling time table will be issued shortly I believe echo has disappointed in the past let’s hope we have turned a corner. I believe our new acquisition gives us a strong baseline to try big things in assets with bigger potential as the Santa Cruz assets will provide us with $30m in revenues and $8m ebitda based on current production levels. We could potential increase our production and have further free cash flow to target other production, appraisal and exploration assets

I always trust data I see through company accounts. I have seen far greater debt to revenue ratios and even debt to cash ratios. We have quality assets across production, appraisal and exploration. We are far more healthy than what random blog articles claim. Always trust on official news releases for example a few weeks back a lot were saying we would be raising cash to fund opl 310 and opl 276 licence however we got a debt facility, where are they now...... Yes I fully agree aim market has wronged many investors in the past through its bad predictability in terms of project timelines, debt, issuing equity, however I do firmly believe that it is not always the case and sometimes it’s truly about finding a needle in a haystack company which I believe lekoil. I hope I am not wrong but as with anything let’s see what the next few weeks and months bring.

I believe we are in a strong position now once Otakikpo increases production. We will be able to gain further revenues to underpin our appraisal (OPL 310 and exploration assets (OPL 325). Don’t forget we have OPL 276 as well and another revenue source potentially in 2020. I for one will be scooping up more shares before the year is out and in my opinion I have to accumulate anything below 6p. Even if there are other players in the Nigerian oil and gas sector circling I would imagine it will only highlight that we have turned a corner and become interesting at current levels driving up further value, perhaps at a premium. Our ceo owns 8% of the company and what is promises to be an interesting time in the Nigerian oil and gas sector, he will not want to fold on the cheap, and the longer he can bat them of the better value driver it will become.

To the contrary we are not drowning in debt, to what some are suggesting:

Gross Revenue $22.3M
Debt $25.4M (includes new debt facility to fund opl 310 licence renewal and opl 276 licence acquisition.)
Cash Balance $8.3M

Otakikpo will be funded through industry partner debt which will be pegged towards otakikpo output and paid on its revenues.

OPl 310 will be funded through disputed percentage as collateral to attract a drilling partner.

I say keep calm and load......

Lekoil could become a target for a takeover consolidation happening in the nigerian oil and gas sector.

Looking like a strong close is on the cards tightening up

Huge spread discouraging buying we could be on the cusp of some tranformational news on a number of fronts and licences. Should tighten up shortly head over 5p+