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LGO Energy - the stench of David Lenigas wont go away

Tom Winnifrith Tuesday 29 December 2015

 

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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...

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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