LGO and the next step

Share On Facebook
share on Linkedin

This is a continuation of my previous article which has recently had renewed interest.




I have followed the LGO story for a long time and have enjoyed watching it go from strength to strength. I decided two months ago to write an article highlighting what I believe is the pivotal point for LGO’s growth.

The point in question is the 2000bopd threshold for reasons I described in the above article.

In the next few days/ weeks we will be given an RNS declaring production from the most recent pad. If the production can heavily exceed the 2000bopd benchmark then I fully expect that LGO will reduce the choking on  the other wells and push production to an all time high. If not then I expect the next pad (4 wells) will be the pad to be in for.

Either way LGO is currently a bargain at 2.75pps to buy and in fact is sat right on the lower bollinger band meaning it is also a technical chart buy.  With news coming I expect this buy price to be a distant memory and that this could be a real opportunity to buy technically and speculatively.

When LGO comes good don’t forget who called it right when every other tipster was saying production will be falling.

Thank you for reading and as always,

All in my opinion and not to be taken as fact nor advice.

Always seek professional advice before investing in any company.

@AKW_AIM twitter

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200806 08:29:44