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Columbus Energy Corporate update - look through the windscreen not the rear view mirror! BUY

Published 11 days ago

Shares are valued on the basis of what is to come. that is to say future earnings ( or lack of them). Not historic losses, profits or performance. But shares in Columbus (CERP), the former LGO Energy have been marked a tad lower after an operational update as punters looked in the rear view mirror. Their error = your opportunity.

Bank your gains in LGO Energy

Published 129 days ago

Yesterday we advised our readers to bank gains in LGO Energy (LGO) at a 3.9p bid - that would be a 77% gain on an offer to bid basis made in 14 days. Not bad eh? All those idiots who questioned why we tipped LGO have their answer: to make money for our readers. And that we did. The shares are now 3.7p offer. Paying customers (just £5) come first so got out at higher levels. The rationale for the take profits advice is clear - our article from behind the paywall reads:

Why did we tip LGO Energy? Let me explain and here is that tip

Published 133 days ago

Certain folks wonder why we, on HotStockRockets, we tipped shares in LGO Energy (LGO) as a buy? Well the reason of course is that we thought they were going to go up and we want our readers to make money. On 28 February when we tipped the shares they were 0.115p offer ( that is 2.3p in today's post consolidation money). They are now 3.35p bid so our readers are very much in the money after just 11 days!  But why tip this stock. The best expanation is the original tip which is below. Remember the 20 for 1 consolidation when reading it.

LGO - After the pump the inevitable dump

Published 221 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.

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

Published 290 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:

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

Published 301 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...

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

Published 403 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 Energy: results preview: it will be a sea of red ink.

Published 413 days ago

LGO Energy (LGO) should be publishing the year end accounts for 2015 within the next week. If the accounts are audited we will probably see LGO declaring an operating loss of between £10-15 million. I have not seen any analysts expectations so its hard to assess how the market will react to this.

LGO Energy - so how dire is production?

Published 446 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.

URGENT CHARITY APPEAL: Save the Nodding Donkeys of the Carribean

Published 449 days ago

At a place called Goudron, deep in the rain forests of Trinidad, a wonderful charity has been created that many in the UK will never have heard of. The Goudron Nodding Donkey Sanctuary.  Goudron NDS currently provides a home for 96 previously neglected nodding donkeys and is looking to adopt more.  They are currently raising money for a program to adopt 6 additional donkeys and are also working on an ambitious project to raise $9 million which will enable them to adopt a further 20 donkeys later this year.

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

Published 458 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.

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

Published 485 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.

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

Published 493 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 494 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.

LGO Energy - the worst broker note in history shows how this company is worthless

Published 503 days ago

After yesterday's dire news from LGO Energy (LGO) which saw its shares slump to 0.31p the case of Tom Winnifrith vs David Leni-Maths continies and I now bring you another piece of evidence, possibly the worst broker note in history. Analyst Barney Gray at Old Park Lane was either on crack cocaine when he penned this classic back on 21 February 2012 or he was simply writing exactly what the share ramper David Lenigas told him to write. My guess is that it was the latter as Old Park was joint corporate broker at the time. Anyhow, Barney told us that the shares were a buy at 1.2p with a 5p target. But it is what he says in this nonsense that is of real import.

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

Published 547 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 - The REAL Reason its worthless: Depletion rates

Published 554 days ago

LGO Energy (LGO) has all sorts of problems. It is almost out of cash, it is burning cash, it is drowning in debt and it has a management credibility issue. But its real problem? Its assets in Trinidad are shite. The company has never come clean on how rapidly new wells go into decline but here is the raw data and it is pretty terrifying. It is based on RNS releases for each of its Goudron wells. 

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

Published 673 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: This is a real deal oil company, just do the maths

Published 787 days ago

LGO Energy (LGO) the Trinidad focused oil production company announced last week another positive update on their 2015 drill campaign at the producing Goudron oilfield, Trinidad. So what do the maths really look like?

LGO Energy looks way overvalued at 3.425p

Published 924 days ago

Every time I look at LGO Energy (LGO) I wonder if I am missing something in terms of its value – currently £94 million. To me it currently looks incredibly expensive when compared to other oil producers, some of whom are at a far more advanced stage and with an awful lot more in the way of both production and reserves.

Placement Watch - Naughty Leni Gas & Oil, naughty!

Published 1100 days ago

I’ve spent a fair amount of time today wondering whether or not life is too short to get involved in the David Lenigas debate. After the fiery “we love/we hate Rare Earth Minerals (REM)” schoolyard spat this week, whatever I say runs the risk of pouring fuel on the fire. But I can’t ignore today’s Leni Gas and Oil (LGO) placement. It has a bit of everything.

Leni Gas & Oil at 4.1p – Trinidad Success Just the Beginning

Published 1114 days ago

Commissioned researcher Edison has published an enthusiastic note on Leni Gas & Oil (LGO) at 4.1p arguing that recent Trinidad success is just the beginning. 

Leni Gas & Oil – The Shareprophets Trading tip of the week

Published 1154 days ago

The solid tip of the week went up earlier HERE, now for a bit of fun and a trading share tip of the week. Run by the marmite character that is David Lenigas, AIM listed Leni Gas & Oil (LGO) trades at 1.17p valuing it at £28 million but ahead of a potential game changer week in Trinidad, that may well be far too low: the shares are a trading buy.

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