Member Info for Wolfofsomewhere

Just checkout those warrants they dont start till 20p and the last ones are at £1. Shows the confidence they have that we are clearly massively undervalued

Small top up for me at 2.54p. Am still very confident in the assets although i do find the way the company goes about funding to be very irritating. Apart from AC all the other people who get in on the placings flip them instantly, they have never held on to the shares. After looking back at the trades over the last month i think they are just about clear but that is guess work based on trade types and volumes.

After becoming disillusioned with the slow progress here and selling out, i am now back in. I have been watching the trades closely and i think the big sell a few days ago was the end of the seller constantly dripping 250,000 shares on to the market. Now hopefully the drill bit can do the talking and the market cap can reflect the results

Not the rns i was expecting but a great one. The Niger delta is prolific almost every well drilled finds oil, very happy with this acquisition.

Hope am not speaking to soon, but its good to see the price holding after the recent rise.

Something definitely happening here. They are desperate for shares, the sell price on offer is going up after each sell. Am thinking there is a background order the mm’s are trying desperately to fill.

Older - you may not have to buy anymore and hopefully will get your money back today. ??

Think like the rest of us soukas has had a bad time with this stock and has just got frustrated with it. I too don't believe its a pump and dump as all i have ever seen is it drift down and bounce on good news. Am looking forward to the next rns as i am hoping it will be a belter. Meanwhile i will try release some funds elsewhere to have one last top up below 4p. Remember we should have news on the next drilling campaign, which is scheduled to start this quarter, that means the rns am looking forward to shouldn't be far away.

Scored again, its really weird the whole 3.95p limit order, i have had limit orders at that price for a couple of weeks now and It has never triggered The buys have all gone through at 3.96. I have a feeling lots of people have buy orders set at that price so the mms wont drop it any lower than 3.96.

Am also looking to top up for one last time. I have a buy order in although it will only trigger if mm’s go searching for stop losses like they have done previously. As this is already my largest holding am not too fussed if it doesnt trigger.

Lek is on the lse and on nex exchange. Its very common for smaller companies

That buy has been worked over a period of time, no way you could get a quite for over £100k of shares at the asking price

Was bored at lunch so decided to analyse the volume today compared to other days but couldnt help but notice on at least 5 occasions today people bought in the early hours only to sell within a few hours at a loss. Never ceases to amaze me way anyone would do that. Its ok turning up for a quick trade but if the momentum doesnt keep on going why sell at a loss when if you wait a little longer in a share like LEK you will get your money back and even make a profit. Anybody deploying the tactics of buying and selling in the same day wont last very long on AIM thats for sure.

Today it seems we have had a role reversal. Normally all buys and price goes down, today its all sells and price goes up

https://www.thisdaylive.com/index.php/2019/07/22/value-appreciation-for-shareholders-key-to-lekoils-strategy/

Gadz i think you will find they bought after CPR announcement and after MOU announcement so everything is above board. Any other announcement regarding license etc they are just showing that they are confident of the future of the company.

Ignore gadz if you look at his history he wanders around different shares spreading negativity. Clearly a bitter person as at no point does he say anything positive about any share or does he ever state any facts, its just waffle

Bridge where is the 6000 bopd coming from. Are you basing it on the current production? I understood it that we would pay schlumberger a project implementation fee and the rest would come from existing production before and after the development has taken place. Obviously if production was based on the current 6000 then yeah it would take a while to pay back but because the other parties are paying the costs up front in 6 months time we could be up to 10000 bopd and hence we would be paying all debts much quicker so i guess it depends on how soon the works begin.

What makes you think 3 years? They are hoping to mobilise this quarter.

Bigma the interest will come back, there alot people watching this share and waiting for the right time to buy and will come back on news. They risk being spiked so i prefer to buy early. The proof of the was when we had the 70% rise day. Am not worried at all with this one, i keep saying it but everyone need to sit back, relax accumulate on the dips and then hold. Also do not put stop losses in as those are what the market guys are targeting , if we all hold and wait we will all be rewarded nicely.
Roty you are correct about placing on matd, it seems common practice now for oilers to raise just before/during a drill as it covers their back sides if the drill is a duster.