Results

UK Investor Show 2018 Video - Neil Ritson of Solo Oil

Published 257 days ago

After all the beastly things I have wriiten about Solo Oil (SOLO) and about him personally it was jolly brave of Neil Ritson to enter the Lion's Den and present at the show. In that regard, I take my hat off to him. Over to the brave man...

Columbus Energy - we tip this a 3rd time - a buy worth 3.5p

Published 563 days ago

We tipped these shares a couple of weeks ago for a third time. The shares are now 2.7p in the middle and so even at the bid we are up on this one. But our target to sell at 3.5p+ so there is more to go for. Our original share tip reads:

Neil Ritson and LGO Directors wear hair shirt "we are all in it together" - its a smokescreen

Published 761 days ago

In the most recent statement from LGO Energy (LGO) much was made about how the board was showing restraint at the corporate trough. Shareholders may have seen the shares collapse from 6p+ to just 0.11p but "we are all in it together". Nope! This is a smokescreen.

LGO - After the pump the inevitable dump

Published 770 days ago

Having ramped its shares up to 0.15p by pretending that the refinacing of its bank debt was by anything other than a death spiral and with some huffy puffy claptrap about new drilling, LGO Energy (LGO) got back to what it does best today, a placing to dilute yet again.

LGO Energy - cash bonus in Spain not enough, another placing inevitable & another sleight of hand by Ritson

Published 783 days ago

Loons, like our very own LGO Energy (LGO) owning fanatic Wildes, will have yesterday celebrated news that 11,200 barrels of Spanish oil which had accumulated over the summer had finally been sold. But shares in LGO still fell to just 0.11p. Here's why.

LGO Energy Q3 update: piss poor natch

Published 809 days ago

I almost feel sorry for LGO Energy (LGO) CEO Neil Ritson. He just seems to have rotten luck. This time last year a contractor dropped some kit down a bore hole. Wind on 12 months and Hurricane Matthew has caused a few "problemos". Neil, put a few extra quid in the collection box this Sunday, you need the Almighty back on side for today's third quarter update is piss poor and begs the statement "placing ahoy."

25 Questions for Neil Ritson of LGO ahead of his next attempted ramp interview on Friday

Published 839 days ago

Hapless Neil Ritson of LGO Energy (LGO) is doing yet another ramptastic interview with BRR Media, the company that charges PLCs who want to ramp worthless shares to record interviews with easy questions. The webinar is at 11 AM on Friday and has asked that questions be sent over to [email protected] I am a nice guy and always keen to help so here are 25 for starters:

LGO Energy needs a keep the lights on placing but it has cash for important things - share ramping

Published 846 days ago

Last week LGO Energy (LGO) had a keep the lights on placing at 0.1p, just four months after the prior keep the lights on placing at 0.2p. As I noted today, the next keep the lights on placing will be at 0.05p and within two months. But it is good to see that a company that is spunking £150,000 a month to money heaven still has spare cash for important things...

Absolutely shite LGO Interims - its another placing ahoy already!

Published 846 days ago

Half year numbers from LGO Energy (LGO) are absolutely appalling. There was a placing at just 0.1p last week, another one is imminent. The numbers just do not lie. It is hard to know where to start but lets go with output and sales....do you remember when LGO used to be producing 2,500 bopd and promising 4,000 bopd: how things change.

I'm ffing psychic - LGO places at 0.1p: confetti blizzard time again

Published 851 days ago

It was about a year ago that I had a spat with my good pal Big Dave Lenigas when he denied my assertion that LGO Energy (LGO) was about to place. Naturally it did. As I have indicated in recent weeks that another bailout blizzard of confetti was on the way there was not even an attempt to deny from camp LGO this time around. I have oft suggested that the next bailout would be at 0.1p. Just call me mystic fucking Meg please...

Notes from Underground: I'm in! Where's my free money?

Published 856 days ago

Earler this week, I had an appointment with the Home Office in beautiful Croydon to determine if I may stay in the country. Tom immediately set out a call to readers to convince Amber Rudd that I should be deported immediately.

Solo Oil Placing at 0.18p to raise £2 million - am I ffing psychic or not?

Published 858 days ago

Eight days ago I predicted that Solo Oil (SOLO) would need to do a placing and suggested that 0.18p was the likely price. Well knock me down with a feather duster but it has today announced a placing to raise £2 million ( lets call it £1.85 million net) at, cue drum roll.....0.18p. Genius or what? Of course Solo is still rubber ducked as I shall explain. The shares at 0.23p remain a sell.

Guess how Neil Ritson of LGO Energy spunked £250,000 of shareholder cash?

Published 859 days ago

So what if LGO has been drowning in debt, breaching banking covenants, have to get away placing after placing just to keep the lights on, let's ensure that vital corporate expenditure is not reduced. Sod drilling oil wells to increase output...this is how Neil Ritson spunked a quarter of a million of shareholder's cash in April 2015

The lapse of the Kiliwani option tells you Solo is right out of cash - placing ahoy!

Published 866 days ago

Earlier this week Solo Oil (SOLO) announced quite startling news - that it was to lapse an option to buy an additional 1.25% stake in the Kiliwani gas field a deal first announced back in February of this year. This leaves Solo's stake at 7.125% but begs very serious questions of Neil Ritson's floundering company. Is bankruptcy looming and is Kiliwani not living up to the hype?

LGO - as the cash runs out the news from Spain & Trinidad underwhelms

Published 883 days ago

I take my hat off to Neil Ritson, the hapless CEO of LGO Energy (LGO), as he does not seem keen to disclose more information about how his company is doing. Unfortunately the information is underwhelming and as the company's cash runs out and the next bailout placing looms the shares are set to head only one way. And it is not up.

LGO Energy now just 0.14p to sell - placing ahoy? Bring back Big Dave Lenigas?

Published 902 days ago

Oh dear Oh dear, things are looking ever bleaker for Neil Ritson and AIM dog with fleas LGO Energy (LGO). Interims out next month will be diabolical, the cash position by now is looking grimmer than a wet Thursday in Scunthorpe and ramptastic announcements are just not having any impact on the share price, surely it is time to bring back Big Dave Lenigas. Cometh the day and all that.

When’s the next LGO placing? Neil Ritson caught on tape at AGM

Published 929 days ago

Some naughty, naughty chappies appear to have taped the entire AGM of LGO Energy (LGO) on Monday. You naughty, naughty boys. Transparency for an AIM listed PLC. Whatever next? This is political correctness gone mad. If Neil finds out who is responsible he will get his favourite PR genius Steffi to spank bottoms at once. I digress lets go 14 minutes and 30 seconds into the recording...

Big Dave Lenigas bounces back - rejoins two boards: Get him back at LGO!

Published 936 days ago

You cannot keep a good stock promoter down. And say what you want about him , and I do, David Lenigas is pretty good at promoting, usually worthless, shares and he is back. In case you had not noticed he has rejoined the board of two of his former charges in the past week. I have today spoken by email with the big man.

When LGO Energy shares slide to new lows - with a placing looming you know what happens next

Published 951 days ago

The shares hit 0.17p yesterday which for the morons who backed the last bailout placing at 0.2p a few weeks ago will be painful. Or rather it would have been had they not already flipped which they have. But now, having had to accelerate payments to the Froggie bankers, and with output numbers ever more dire a new placing is needed so how to stop the rot...it has worked before..

LGO Energy - More frantic turd polishing in today's trading statement

Published 952 days ago

Jeepers, if turd polishing was an olympic sport Neil Ritson of LGO Energy (LGO) would be battling for a place, after so much practice he has acqusired a certain skill. But a turd is - however polished - still a turd and that brings us to the statement today from POS LGO.

LGO Results - a landmark in confetti issuing horseshit

Published 955 days ago

Announcing your annual results at 1.38 PM ensures that some folks will miss the horrors you reveal. London's most useless Nomad, Mr Roland "fatty" Cornish will just be starting course two of four and so will not be back at his desk until the next trading day. So there is some point in sneaking out the bad news in the middle of the day. And that brings me to the trainwreck with Neil Ritson at the wheel, but David Lenigas driving from the back seat, LGO Energy (LGO). 

LGO Energy in Spain - so who are you selling oil to? Anyone at all?

Published 974 days ago

Hat tip to reader Steve but it seems as if Neil Ritson of LGO Energy (LGO) is talking with forked tongue. I refer to what is - or is not - happing at its dog of a Spanish operation.

LGO Energy: The Risible Write to Reply - By Don Quixote

Published 990 days ago

It has been suggested by Duck & Dive and repeated by other poltroons on LGO Energy (LGO) Bulletin Boards,  that in my last article it was unfair to 'confuse' reactivations with re-completions as it is a case of drawing conclusions about the depletion rates of apples with the depletion rates of oranges.  In answer to this criticism, I would stress firstly, that it was Neil Ritson who framed the terms in which he sought to demonstrate that wells in the Goudron Sandstone deplete slowly.  I will quote him again.

LGO Energy - so how dire is production?

Published 996 days ago

LGO Energy (LGO) shareholders have a habit of taking every production figure that LGO releases and reasoning their way a priori to envelope that figure within a schema of general conventional oil production far into the distant future without factoring in the overwhelming rates of depletion at the field. Essentially this is a wilful ignoring of the empirical evidence of decline. This falls squarely within Einstein's definition of insanity as making the same set of assumptions over and over again and expecting different results.

Spineless Neil Ritson hides key LGO metrics in today's soggy ramptastic release

Published 1007 days ago

As we know, having failed to get away a £6 million placing a few weeks ago (raising just £1.3 million) LGO Energy (LGO) will not be able to make its scheduled bank repayment in May and so faces another insolvency risk. Hence it is ramping for all its worth to issue yet more confetti, now that it had permissions to issue 1.6 billion more shares. And thus today's pitiful release below. It is what hapless CEO Neil Ritson does NOT say that matters.

Solo Oil - after the pump, the moron screwing dump in true Lenigas & Ritson style

Published 1020 days ago

Yesterday on the back of news from the Kiliwani gas field in bongo bongo land Neil Ritson, gopher to the fat aussie share ramper David Lenigas seemed keen to let share trading morons across the land know how exciting this was for Solo Oil (SOLO). Some morons paid up to 0.4p in the secondary market. The shares are now 0.27p to sell after the inevitable placing but the numbers still make no sense.

David Lenigas on twitter: Lying, insider dealing or what?

Published 1026 days ago

Due to the huge interest in my UK INvestor Show session "Why David Lenigas should be drummed off AIM forever" we are now miving this session to the main auditorium on April 30 2016. I would not want anyone to miss out. And if you needed further evidence of why the case is such a slam dunk here is a tweet from 48 hours ago:

LGO Royalty rates in Trinidad down but it is still screwed - even Lenigas could not polish this turd

Published 1034 days ago

LGO has been flagging that this would happen for months but now that the royalty rates on Goudron have been cut, Neil Ritson is announcing the news as if it was the second coming of Jesus. It is not. For starters Jesus would struggle to find three wise men and a virgin to welcome him at any company associated with David Lenigas.  This company is still screwed and more confetti issues are ineviable ahead of its next formal debt repayment default in May.

Just how close to tits up is the position of LGO Energy? Now its seven weeks

Published 1041 days ago

Yesterday as LGO Energy (LGO) raised £1.36 million gross, I published the emails showing how David Lenigas stated that the company needed £5-6 million to turn around. Even that was a lie predicated on silly output projections, but on the sums raised LGO is just fucked, it has merely postponed crunch time from April ( 2-3 weeks) to May, lets call it 7 weeks.

Lenigas tries to raise £5 million for LGO Energy - raises just £1.36 million, a Jabba Flop, emails leaked

Published 1042 days ago

LGO Energy (LGO) has announced that it has raised £1.36 million in a placing at 0.25p and also that contractors have agreed to take payment of £590,000 of debts at the same price. This is a disastrous snub from the London Markets to David Lenigas as it was he who led this attempted bailout and mug punters were being promised a £5 million raise as you can see in leaked email correspondence below. Neil Ritson the hapless CEO of LGO admits that this is not enough, stating in the release:

Goudron Bollocks from LGO as it tries to ramp as £5 million rescue placing struggles

Published 1044 days ago

Five days ago we revealed that David Lenigas himself was trying to arrange a £5 million bailout placing for insolvent LGO Energy (LGO) which would see Jabba go back on the board and hapless CEO Neil Ritson pushed into the long grass a couple of months later. We have emails from broker Dowgate to potential investors explaining Jabba's plans and saying that the placing would close well before the end of last week. There has been no RNS. Clearly - and not surprisingly - the placement is struggling big time and so LGO has today released ramptastic bollocks from Goudron to try to spoof punters into backing the bailout.

Solo Oil - where's your frigging SPA and when's the massively discounted bailout placing?

Published 1044 days ago

Solo Oil (SOLO) the David Lenigas created POS cannot stop telling us more ramptastic news from Horse Hill yet its shares are sliding again today. Why? Well there is a missing RNS on its acqusition out in Bongo Bongo land and the small matter of the placing it needs to do ASAP to pay for that deal and to stop the company going bust.

Breaking News: David Lenigas planning £5 million LGO placing as yanks pull out - Jabba to take control again

Published 1049 days ago

This morning LGO Energy (LGO) admitted that US investors were - after all - not going to spunk $20 million on bailing out the debt ridden, AIM listed disaster story. I can reveal that a plan B is now underway. Jabba The Hutt is back in town...

LGO renegotiates with Frog bankers again - admits it is in dire straights

Published 1054 days ago

The unacceptable face of capitalism, Mr David Lenigas, can ramp LGO Energy (LGO), the company that paid him almost £1.8 million over 7 years to help buy his 100 foot yacht, as much as the fat liar wants but a statement today makes it clear just how fucked LGO is and that its position is getting worse rapidly.

A 100% sure fire way to make money on the stockmarket

Published 1078 days ago

I have an idea which cannot lose. This is a stockmarket scheme which has to be a winner. First we set up a new company...

Next Job for Bush, Ritson, Carroll, Piggy Austin - oil worth less than shit chicken graphic

Published 1090 days ago

As the summer wears on folks like little Keith Bush at Northern Petroleum (NOP), Andy Carroll of POS Mosman Oil & Gas (MSMN), halpess Neil Ritson of LGO Energy (TOAST) and Andrew "Piggy" Austin will be looking for new jobs as their company's go tits up. The graphic below suggests that next time they might want to try serving up something customers want to pay for?

LGO -now showing that it has form of misleading on output in presentations

Published 1097 days ago

I showed quite clearly yesterday that the latest investor presentation given by Neil Ritson, the hapless CEO of LGO Energy (TOAST) was misleading. Now I move on to show that this is not a one-off, this company - whose shares are worth 0p - has serious "form."

LGO Energy Tries to Hide Calamitous decline with deceptive presentation: Gotcha!

Published 1098 days ago

An RNS from LGO Energy (LGO) late yesterday announces that hapless CEO Neil Ritson is presenting at yet another conference in Trinidad. Boy that guy must have some air miles. The presentation which you can download HERE is truthful but misleading in respect to the calamitous decline in output. I refer you to page 2 which is below. This is a shocker.

David Lenigas: Share ramper, market abuser or insider dealer? LGO Morons prepare to get rogered

Published 1105 days ago

Jabba The Hutt cannot help himself. Having pompously blathered on about how we all need to be responsible when using social media the fat Aussie has today shown himself (again) to be utterly irresponsible or worse. This time the rampfest is LGO Energy (LGO). Jabba tweets:

LGO Energy - the stench of David Lenigas wont go away

Published 1123 days ago

The biggest problem that LGO Energy (LGO) faces, other than still not fessing up fully to misleading investors (Leni-lying-gate) and hurtling towards administration unless it can secure a bailout placing and an oil price which is so low that it can't generate cash and having fields which suffer such sharp declines in output that they make no sense, is the association with toxic Aussie share ramper David Lenigas. It tried to distance itsself from Jabba The Hutt by changing its name from Leni Gas & Oil..but er...

LGO forced by ShareProphets to clarify annual report lie but someone is still lying

Published 1125 days ago

Two days ago I accused LGO Energy (LGO) of misleading investors big time - HERE. Today, when it thinks no-one is watching, it has put out a grovelling correction but someone is still lying. Neil Ritson you useless little shit another correction is still needed.

David Lenigas - are you blaming hapless Neil Ritson or PR genius Steffi? Winding up notice at Solo Oil

Published 1132 days ago

Oh dear it is not a very good day for Jabba The Hutt is it? The latest bad news is that a first winding up order has been submitted to Companies house for AIM listed Solo Oil (SOLO) - see below. But who is to blame?

LGO Energy: David Lenigas has NOT sold shares (or has he)..Evening Standard warns of administration risk

Published 1135 days ago

Well there is a shock. The LGO Energy (LGO) 2014 annual report was simply wrong in stating that David Lenigas had sold enough shares to go below 3% - naughty, naughty Neil Ritson, but I guess that is the least of your sins. For today Jabba The Hutt announced that he owned 154 million shares.

LGO Energy "initiates strategic review" = "we admit we are fucked"

Published 1142 days ago

You were not spoofed by Neil Ritson and his puppetmaster Jabba The Hutt, aka fat Aussie share ramper David Lenigas, into thinking that today's news means that LGO Energy (LGO) is going to attract a bid were you? Oh dear. It is not going to happen. Let me explain.

SOLO, going SOLOwer!

Published 1144 days ago

This is a turn up for the books! California Joe, CJ to my friends writing an article for shareProphets? Well, it’s the time for goodwill to all men and women, even Tom Winnifrith and I also hear there’s a new editor position on the horizon so before certain BB Trolls start trolling “He’s after the editor’s job” I’ll just scotch that rumour. I'm not interested. Besides I'm sure Tom would have a head fit before he gave me the keys to the ‘free-speech empire lol! TW note there's no vacancy and I'd rather employ my cat - whose semi-literate work requires less editing - but you want to bash Lenigas so in the interests of free speech here's a platform

LGO Energy £0.94 million share placing - far more to come

Published 1145 days ago

I make this two confetti issues by floundering LGO Energy (LGO) in the three months since Jabba The Hutt, aka David Lenigas, dissed me on twitter for saying a placing was inevitable. The bad news is that there is a far larger share issue still needed. The good news, for the fat Aussie share ramper at least, is that he sold most of his LGO shares (if not all) last year without disclosing it as he should have done. So it is not his problem.

Notes from Underground - Venus ascending, Zak is in the fifth house

Published 1150 days ago

In the past seven days, 52,112 unique readers read 88,906 pages on ShareProphets. The circulation of the Investors Chronicle is c30,000. Shares is less than half of that. To our critics who think we do not count, we say think again.

LGO Energy: NED walks, bank not pulling plug, not bust yet

Published 1153 days ago

Call it a dead cat bounce. Shares in LGO Energy (LGO) have bounced to 0.5p on news that the bank is not pulling the plug so it is not bust. Yet. Jabba the Hutt, aka David Lenigas, still refuses to saw when he sold most of his shares but it was a good call by Big Dave to get out when he did because the outlook is still grim.

LGO Energy – is Neil Ritson trying to shit on David Lenigas over his share dumping?

Published 1156 days ago

Hat tip to twitter follower @Terryfwit1 for flagging up a fascinating new section on the LGO Energy (LGO) website – Q&A.  It displays clear signs that CEO Neil Ritson is trying to distance himself from David Lenigas over his share dealing i.e. selling)..

David Lenigas and his LGO shares – no that Nominee stuff does not wash. Dave must fess up in full

Published 1167 days ago

It is suggested by some who still believe in David Lenigas that he has not in fact sold any shares in LGO Energy (LGO) while telling us all how cheap they were but has merely shifted stock into Nominee accounts. Sorry folks that does not wash. Dave & LGO Energy MUST answer in public the questions posed HERE. The facts are simple.

LGO Energy: Corporate & Operational Update = “We are fucked and we know it”

Published 1176 days ago

David “I love the smell of newly issued confetti in the morning” Lenigas may no longer sit on the board of LGO Energy (LGO) having ducked out ahead of the shit hitting the fan, but the curse of Big Dave cannot be escaped. Today’s statement from LGO is a disaster and this is now officially another Lenigas car crash.

LGO Energy – How fucked is it and how transparent has it been about its black lined hole?

Published 1191 days ago

Naturally anyone associated with David Lenigas must be a respected industry figure whose integrity is beyond doubt. You can trust every word said by men such as Steve “I said that there were 100 billion barrels on camera but deny that I said it” Sanderson of UK Oil & Gas (UKOG). And so it is a given that LGO Energy (LGO) has been upfront about its Goudron 678 well issues is it not?

Neil Ritson of LGO Energy gives 5 reasons to dump the shares – here’s a sixth

Published 1195 days ago

Another day and it’s another conference presentation by Neil Ritson, the hapless CEO, of cash burning & drowning in debt LGO Energy (LGO). And for once I commend him for his honesty in listing five reasons to sell shares in LGO.

LGO Energy Placing – Big Dave and others I warned you: now apologise ( PS shares still a sell)

Published 1205 days ago

Investing does not have to be hard. If you see a company with a weak balance sheet and burning cash you should expect a placing. And so I warned numerous times in recent weeks (notably HERE) that a placing was imminent at LGO Energy (LGO). The head in sand denial was predictable, I await the apologies. Big David Lenigas should be first in line.

LGO Energy: When’s the placing? Look on Page 23

Published 1217 days ago

In the wake of the recent dismal interim numbers LGO Energy (LGO) head honcho Neil Ritson yesterday gave a presentation at an investor conference and he rather gave the game away. When’s the placing Neil, my son?

LGO Energy: Gary Newman vindicated, this one is in trouble

Published 1222 days ago

A month ago, Gary Newman wrote that LGO Energy (LGO) “looks overvalued and in trouble”. His analysis drew quite a lot of criticism, but this morning it looks like his view has been vindicated, as the company announced an unimpressive set of interim figures. For good measure, hidden away in these, is a significant downgrade of the company’s production outlook.

LGO Energy – when will it place shares again? 51% expect it to be before Halloween!

Published 1266 days ago

Yesterday we asked you (HERE) when you expected LGO Energy (LGO) to issue its next batch of confetti given that its boss Neil Ritson had ruled out an August dump on mug punters. You seem to think it is not long.

David Lenigas Saint or Serial Sinner, Quindell worth 0p? and is now Gold’s moment?

Published 1297 days ago

The July edition of UK Investor Magazine went live last night. It is free to access and the cover story is “David Lenigas, saint or serial sinner” – a joint effort by myself and the Sith Lord Zak Mir. There are a couple of company profiles, three stocks to buy and three to sell. One of those is Quindell which really could be worth 0p again! And there is more…

Horse Hill #1 – Recommended Testing Programme

Published 1362 days ago

In my spare time, i.e. when I am not writing articles, I like to think of myself as a passable petroleum engineer. So I thought I would mock up the memo I would have written to Messrs Lenigas of UK Oil & Gas (#UKOG), Sanderson & Ritson if they had had the gumption to ask for my advice. I can't blame Messrs Lenigas and Sanderson for not calling me as they don't know me from Adam, but Neil, well all I can say is I'm hurt, deeply hurt.

James Parter’s 2015 share tips of the year – No 1 – sell Solo Oil at 0.6p

Published 1487 days ago

Solo Oil (SOLO) is one of a few AIM listed oil companies where there is activity on most fronts. The hot front to the south sees Solo progress gas exploration in Tanzania. The cold front in England sees Solo progress its oil exploration at Horse Hill. All eyes are on these two beasts after resource upgrades and the share price has rocketed to 0.6p making Solo worth £30 million. But there are great reasons to think this will at least halve by 2016.

David Lenigas: Misinformed or taking the Twitter Piss on Horse Hill

Published 1559 days ago

The tweets of David Lenigas have been controversial in the past - see here  - but now another episode comes to light which appears to beggar belief. Quite simply Mr Lenigas appears to have made tweet claims about Horse Hill which his own team says are untrue. For the avoidance of doubt I am a shareholder in a HH company (UK Oil & Gas) and I reckon oil will be found but that does not excuse what has gone on. 

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