Category Archives: LGO

LGO before the CPR

Hi Mike and other LGO BB members You asked me to explain my model and I’m happy to do so but this post will become a little technical so please bear with me. This valuation is based on a net asset value approach. It is one of three methods I employ; the other two being Continue Reading
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Todays Neil Ritson interview (LGO)

RE: Latest NR interview https://www.ig.com/uk/live-video?bctid=4090295853001&bclid=3728437912001 My comments are in brackets 1. BNP Paribas deal described as ‘a very sensible hedge in an uncertain market “ 2. Milestone event – fully funded for the drilling campaign shows that a major lender has “picked through the weeds” and like the way the company if being run and Continue Reading
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The LGO Placing

Hi All Lets take a deep breath and have a look at this placing. We have £4m = 160m new shares plus 96m in a direct subscription Total 256m new shares This represents a dilution of 256m/ 2770m = 9.2% To balance this we have $4m from the placing and £2.4m from the direct subscription. Continue Reading
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LGO: Well tracker after the first 8 well results

Good morning all. I thought that following todays discussion regarding the impact that the recent drilling campaign has made to income my well tracker workbook may be of interest to some. A screenshot is posted at dalesmann.com. double click to enlarge the image. This workbook charts the impact the eight well campaign will have on income Continue Reading
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