Member Info for withoutt

Was 6% down, went into finishing auction and came out 12% down .

On IG love prices it was -16% most of the night
After auction it’s now -10.8% down

0.81c 108% down .

https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html

Bunks maybe to do with this

https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html

Must have been in auction longer than 10mins,it just changed to -4.9% so not as bad.

9.8% down
atb

WAaussie
What call a deer with no eyes ?

03/04/2020 7:00am
UK Regulatory (RNS & others)

Lekoil (LSE:LEK)
Intraday Stock Chart

Today : Friday 3 April 2020
Click Here for more Lekoil Charts.

TIDMLEK

RNS Number : 7111I

Lekoil Limited

03 April 2020

3 April 2020

Lekoil Limited

("LEKOIL" or the "Company")

Cost Reduction Measures and Confirmation of Optimum Payment

LEKOIL (AIM: LEK), the oil and gas exploration and production company with a focus on Nigeria and West Africa, provides the following corporate update:

Cost Reduction Measures

With the current significant drop in oil prices from recent levels, the Board has approved the immediate and accelerated implementation of the Company's general and administrative ("G&A") cost reduction measures. These measures are targeting an annual reduction of US$8.0 million or at least 40% in G&A costs, which is inclusive of a reduction in staff numbers. The Company has commenced the immediate execution of these measures which will be completed within the next four to six weeks. Production from Otakikpo for the rest of this year will be unaffected by these cost reduction measures.

Payment for OPL 310 Confirmed

Further to the announcement made on 25 March 2020, the Company has received confirmation that the payment of US$2.0 million to Optimum Petroleum Development Company ("Optimum"), the Operator of the OPL 310 License, to cover the portion of sunk costs and consent fees due on 20 March 2020, has been completed.

Change of Registered Office Address

With immediate effect, the Company's registered office address has changed to Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands.

Lekan Akinyanmi, LEKOIL's CEO, commented, "We have kept our commitments on our world class asset, OPL 310, despite the detrimental effects of the COVID-19 pandemic on the global economy and the subsequent fall in oil price. With the implementation of our cost reduction measures, we believe we are in a good position to navigate this challenging period."

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Up 16.8%
ATB

Taken down 5.6% in auction.
ATB for today, we need a bit of buying today and tomorrow.

Nearly 17% up
ATB

https://thearabweekly.com/after-oil-price-crash-russia-looks-opec-deal

JL
Aye, not last month, River Wye flooded, for nearly two weeks solid, we were lucky only a boating lake in the back garden lol
Monmouth and Tintern had a lot worse than us.
ATB and stay safe

Just cut rates from 0.25% to 0 .1%

Just cut rates from 0.25% to .1%

JL
Been in my local in the sticks, Monmouthshire, for the last 2 hours , not one other customer as yet, I’m doing my bit to keep small pubs open ;-(0)
Ps sore throat coming on , best have an another pint.
ps I’m it the at risk group as well .

Dubai — The UAE's Dana Gas, which operates in the semi-autonomous Kurdish region in northern Iraq, said on Thursday the regional government is paying on time and the coronavirus outbreak has yet to affect the company's output there.

"We have been receiving payments on time," a spokesman for Dana Gas told S&P Global Platts on Thursday, adding output from the Kurdish region has not been affected "to date" from the coronavirus outbreak.

https://gulfnews.com/business/analysis/an-oil-price-war-that-achieves-nothing-1.70467363

I remember buying in here at 66p after the drop from £10 a few years ago, lets hope i can catch the bottom this time.
atb