Leni Gas & Oil Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9665206
Same as Hugary, Spain then?

Mez2 By Mez 2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9665206&action=detail Mon, 21 May 2012 12:08:00 GMT Mez 2 tag:iii.co.uk,2003:tst.9664513 http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Matra_Petroleum_Red_Emperor_and_San_Leon_Energy/ab46d73a8d2e.aspx By Teadrinker ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9664513&action=detail Mon, 21 May 2012 09:08:00 GMT Teadrinker tag:iii.co.uk,2003:tst.9663681 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9663681&action=detail Mon, 21 May 2012 06:12:00 GMT mrputt tag:iii.co.uk,2003:tst.9655497 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9655497&action=detail Thu, 17 May 2012 21:40:00 GMT Mez 2 tag:iii.co.uk,2003:tst.9634582 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9634582&action=detail Sat, 12 May 2012 21:40:00 GMT Gooffy tag:iii.co.uk,2003:tst.9612603 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9612603&action=detail Sun, 06 May 2012 11:26:00 GMT kostiankur tag:iii.co.uk,2003:tst.9612599 Mez2
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Agreed Mez2, but the thing is - Lenni & Crew want the cash from this sale more than we do - after all, they are the ones who will use most of it to buy stuff for themselves, no illusions here!

However, to make an announcement like this completely unsubstantiated - no point whatsoever, and spivs they may be, but deff not dumb - im sure they realise a complete reversal from this point would kill the sp, and they dont want this do they? I believe they will sell Ayuo eventually, but for how much - this is the question. I am sure however, that it would need to be in excess of 100% of what they paid for it to impress the market. Anything below that, with all the talk of "very significant premium" would do the opposite of impressing the market. By kostiankur ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9612599&action=detail Sun, 06 May 2012 11:22:00 GMT kostiankur tag:iii.co.uk,2003:tst.9609551
My investment in this cy at 1,1 p is based on the assumption that they will get a 50% of this valuation, in casu equal to their their current market cap,

I agree that this cy has dissapointed investors in the past, maybe they will suprise you in the coming days.

DYOR By Vincentinvestor1 ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9609551&action=detail Fri, 04 May 2012 13:58:00 GMT Vincentinvestor1 tag:iii.co.uk,2003:tst.9609002 Mez2 By Mez 2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9609002&action=detail Fri, 04 May 2012 12:20:00 GMT Mez 2 tag:iii.co.uk,2003:tst.9606730
A number of conditional cash bids to buy the assets have been received at a very significant premium to the original €2.6 million paid for these assets.

Hope this answers your question By _nickname_ ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9606730&action=detail Thu, 03 May 2012 21:55:00 GMT _nickname_ tag:iii.co.uk,2003:tst.9606581 Pure fanciful (hopeful) speculation from yourself and Vincent - good luck to you
Mez2 By Mez 2 ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9606581&action=detail Thu, 03 May 2012 20:44:00 GMT Mez 2 tag:iii.co.uk,2003:tst.9605200 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9605200&action=detail Thu, 03 May 2012 14:18:00 GMT kostiankur tag:iii.co.uk,2003:tst.9604185 http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9604185&action=detail Thu, 03 May 2012 11:16:00 GMT Vincentinvestor1 tag:iii.co.uk,2003:tst.9598691 http://www.oilvoice.com/n/FoxDavies_Daily_Monitor_Sefton_Resources_Wentworth_Resources_Limited_and_Leni_Gas_and_Oil/b6ba583015c4.aspx By Teadrinker ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9598691&action=detail Wed, 02 May 2012 07:33:00 GMT Teadrinker tag:iii.co.uk,2003:tst.9598331 Leni Gas & Oil PLC
02 May 2012



For Immediate Release, 7 am

2 May 2012

LENI GAS AND OIL PLC

("LGO" or the "Company")

Update, Spanish Divestment and Trinidad

LGO today confirmed that it had granted the preferred bidder for its Spanish assets exclusivity until 31st May 2012 to complete definitive documentation.

Further to its previous announcement on the 22nd March; due diligence is now well advanced and the parties have had preliminary discussions on the structure of the deal, details of which are expected to be concluded in the coming week. Final agreement is expected to be concluded in May, although this cannot be guaranteed.

A further announcement will be made once a legally binding agreement has been signed between the parties.

The Company also reports that final arrangements for the farm-in to the Advance Oil Company Ltd leases in the Moruga North area of Trinidad, previously announced in August 2011, are now being concluded and the Company expects to commence field operations by July 2012. Initial operations to be conducted by LGO include the recompletion of two productive wells, MN-44 and MN-209, and the drilling of one new well.

Neil Ritson, Chief Executive commented:

"Following the Board's decision to divest the Spanish assets to the highest bidder we have now reached a point where we are more confident that a sale can be concluded on mutually advantageous terms and have therefore granted the bidder exclusivity in return for a cash deposit. We are optimistic about the successful conclusion of the divestment process and we look forward to being able to start reinvestment into our various new ventures in Trinidad."
By coswhy ]]> http://www.iii.co.uk/investment/detail?code=cotn:LGO.L&display=discussion&id=9598331&action=detail Wed, 02 May 2012 06:04:00 GMT coswhy