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0.140.00% at 15:47

Bid - Ask - Change-0.00 (0.00%) Volume16,209,733 Open0.138 Prev. Close0.138 Day0.13 - 0.14
Change-0.00 (0.00%) Open0.138 Day0.13 - 0.14
Day0.13 - 0.14 Prev. Close0.138
Volume16,209,733
Open0.138
Prev. Close0.138
Year0.13 - 1.57

0.140.00% at 15:47

Bid - Ask - Change-0.00 (0.00%) Volume16,209,733 Open0.138 Prev. Close0.138 Day0.13 - 0.14
Change-0.00 (0.00%) Open0.138 Day0.13 - 0.14
Day0.13 - 0.14 Prev. Close0.138
Volume16,209,733
Open0.138
Prev. Close0.138
Year0.13 - 1.57
Page

Nice to Michu 22 Aug 2016

Inching its way forward It's disappointing that Q2 production is only the same as Q1 but there are 5 more workover low cost wells coming on in the next few months - and funds are already in hand for these - and even including declines elsewhere in field(s) I still think they can get up to average 700 barrels per day by year end 2016 which with POO where it is now is over $1m per month gross revenue by year end...we know the nett on this is very attractive also ..including ongoing BNP flexibility - and that remains in their clear interest - this hopefully will fund the phased bringing on of a couple of Mayaro in fills in early 2017 and with average 65,000 barrels of oil in each of these wells they in turn become additional good revenue generators thus allowing more such infills be brought on from existing cash resources and a virtual upward spiral in self funded production growth.Suppliers accepting shares instead of cash is very encouraging too.They must have been shown the maths of the business case here and thought it sound. ( And lenders and recent block investors behaviour is similarly encouraging)While this has not progressed as well as quickly as I hoped I still expect/hope for some upside in SP before year end - SP reflects say 6 months ahead remember - and meaningful upside here in 2017 even at POO of say average $55-$60 pb next year (and that's not a bullish POO forecast) Generally, I think this will not go under now and is already slowly but surely turning the corner. It's SP is still at a level of very likely to go under and therefore I believe is underpriced. But that's just my opinion/guesstimate/hope and LGO was a dog and remains a dog for now at least. This remains very high risk BET so DYOR

Black Pilgrim 19 Aug 2016

Re: news I guess the survival of this company will depend of the oil price. I hope it gets to $70 before it is too late.

whitestallion 19 Aug 2016

news I guess the service co. accepts these shares thinking they are a good bet, let's hope so.Capt. morgan

whitestallion 11 Aug 2016

on the bounce ???? lets see this bounce back to 6pCapt. morgan

BuySel 10 Aug 2016

on the bounce Second day of good volume and rising, as the floor bottom on the chart of the last 6 days has change for the better.

MartinRTucker 28 Jul 2016

Recovery Can see a road to recovery happening here..

Nice to Michu 18 Jul 2016

Re: Waterflood Good Question. Why not direct it to Neil Ritson/ his IR and share the response with us all Canaries?They averaged 575 bpd in Q1 and with the recent Mayora Sandstone well coming it at 50-100 barrels per day, 5 more wells like that would cheaply bring daily production up to around 1000 bpd. If the gross profit on each of these barrels was say $30 pd - $30,000 pd- then plenty of that could be put towards more costly well development via waterflood or whatever, I guess (its in lenders interest to allow Lgo to build out production as that will allow full repayment of outstanding loans in due course)No doubt there will be further placements along the road back for LGO but ongoing production grow out will hopefully allow them grow the share price somewhat ahead of each placement. One of the reasons I expect this SP has not moved up meaningfully so far - from recent 'about to go bankrupt levels' of .15p and it's not now longer about to go bankrupt - is that the market expects further placements ahead. It is up to LGO to grow production/ revenue meaningfully along the way to allow the sp grow even allowing for future further dilution. Increasing POO is very important here too. Alongside this the costs of getting new wells live are on average meaningfully cheaper now - and very meaningfully cheaper in short term with current focus on Mayora - than they were previously and royalties are lower too This is a very high risk bet no doubt and I accept that's not against even a ten bagger upside potential in next two years. If this SP gets to north of 1p in the next 18 months - and say .4p by year end - I'd be thrilled. Also this is not a top pick of oiler of mine.. but I still see good upside potential.DYOR

canaries 60 18 Jul 2016

Waterflood How does LGO plan to fund waterflood?

Nice to Michu 18 Jul 2016

Encouraging reserve update Increased reserves in Mayora Sandstone is very good news as this is cheaply and quickly accessible and a 'well advanced' current development focus of the firm.I think the current share price is now far too low and while - given previous history - understandable that the market is cautious I believe it will be forced to up the share price by new production coming on at low cost equalling good pb profitability at current oil prices ( and on top of this the oil price will likely grow out - with a few step backs along the way no doubt - over the next 18 months too, nicely in parallel with meaningful LGO output growth)

Simbr 15 Jun 2016

BNP Paribas agreement "Market Impact: Positive. LGO has reached an agreement with BNP Paribas (lending bank) to get access to approximately US$0.5 mm to recomplete up to five wells on the Goudron Field (100% WI) in Trinidad. Per the terms of the funding agreement, LGO has agreed to repay approximately US$0.9 mm to BNP Paribas, as an accelerated repayment on the loan, which includes schedule repayments for July 2016 and August 2016, as well as a further prepayment of approximately US$0.2 mm. Following these repayments, the net loan outstanding to BNP Paribas will be US$3.4 mm, which remains at call."Note by FirstEnergy, up on Research Tree

Ross Annan 12 Jun 2016

Re: where are the 2015 accounts Potential to rally if there's now going to be a total focus on profitability showing that lessons have been learned and demonstrating a genuine desire to avoid dilution. Read the next few RNSs carefully.

Nice to Michu 09 Jun 2016

Re: where are the 2015 accounts Friday afternoon slipping out of such RNS's is so old hat that they went for Thursday afternoon instead Well that's now out of the way and one way or other I can readily see this rallying in the second half of the year. Highly speculative bet granted.

MartinRTucker 09 Jun 2016

RNS That makes interesting reading. All sounds quite promising so long as they keep to their word and the poo goes up.

eagle51 09 Jun 2016

where are the 2015 accounts ??2 June last year. Aren't they proud of them or something?

eagle51 09 Jun 2016

Re: This SP seems much too low to me now Hope it works out for you and others, NtM.It's the people behind it I'm against - it's been done too many times.

Page

0.140.00% at 15:47

Bid - Ask - Change-0.00 (0.00%) Volume16,209,733 Open0.138 Prev. Close0.138 Day0.13 - 0.14
Change-0.00 (0.00%) Open0.138 Day0.13 - 0.14
Day0.13 - 0.14 Prev. Close0.138
Volume16,209,733
Open0.138
Prev. Close0.138
Year0.13 - 1.57
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