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.

Bank those 198% 2 month Leni Gas & Oil Gains!

By James Parter

3 June 2014 10:54

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Today I close out what has been one of ShareProphets best tips over the last few months. In March I made a call on Leni Gas and Oil (LGO) as a stonking buy even though the board had royally cocked up with the court case. The share price was 0.69p and people called me bonkers, an idiot, and a fool.

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Comments

wildrides

3 June 2014, 11:08

Whilst I can see your logic I find the future news flow here is compelling . They are drilling in very soft sandstone . A new well is being drilled every 3 weeks or so for the next year . Also Bullitin Board morons love it . and news will keep sentiment going in my view . Therefore real NAV has very little to do with it in reality . Thus I am sticking after taking 33% off the table ( the Mrs wants a holliday …..dowah ! )
wildrides

3 June 2014, 11:14

Ps what ever you do dont put the money in the lemongas turkeys Inspirit or Afriag !
wildrides

3 June 2014, 13:14

new RNS issued late this morning ……… shares up another 40 pence .

I rest my case .
Stephenat

3 June 2014, 15:40

What’s your thoughts on the latest RNS. Closing equity swap with YAGM… a great move.
Andrew Brown

3 June 2014, 16:23

I wont be selling as there are 25 more wells to come – the news flow will be constant. AfriAg I am back in 0.38 but only a small amount! Im call in the bottom… – I’m always wrong. Inspirit I agree – too early. I prefer FLOW if you are into mcp boilers – launch late this year – domestic not commercial