UK 14:26 Friday, 6 November 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Today I show you to an oil and gas small company, Leni Gas and Oil (LGO) that is chaired by Del Boy Lenigas. At less than 0.7p, Leni Gas is an opportunity not to be missed and here is why.
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Comments
Duck and Dive
Not sure there’s a comparison to be made: Nighthawk Energy has just reported $14m of operating profit and its current production of 1900bopd is just for starters as it has another 230,000 acres to develop.
It is arguably well under-valued at a MC of £93m because chairman Stephen Gutteridge is from the old “under-promise and over-deliver” school — which Mr Lenigas and many other AIM chairmen would do well to copy.
wildrides
The real real problem retail investers have with this company is the lack of transparency that is all too evident in Lenigas outfits . Trinidad is an old field reworked until this first new well is sunk this April . Production is almost certainly falling from the worked over wells . No one knows because Lenigas hardly ever gives production figures or sales figures.
I bet it aint producing 500 bopd at present tho . Lenigas has always had a cavalier attitude to those he transacts with ……… reference the comments made on camera in the video
Tom filmed of Lenigas at last years Share Show . No doubt those comments will now come back to haunt him.
Personally I would like to see monthly production figures published by LGO . Share holders should know what they are .
Philip
As soon as the name david lenigas is mentioned, it sends a shiver up many an investors spine.