lrl - looks positive

I am expecting positive update in next 2-3 days. In My opinion, sharp rise in Share price on Thursday indicates possible leak of good news, that's why LRL didn't release any re:share price movement update.

Personally I think,ZJS-5 & ZJS-6 will be Gas discovery because;

1. Wells lies very close to Chine largest gas production area.

2. Huge Gas discoveries made recently (i.e. Sanjiaobei & Linxing) around 12 TCF discovery

3. success rate in the region is around 73%, as they are drilling two wells, so I am expecting One well Must be Gas Discovery

4. Current CEO Frank Fu, very experienced in O/G sector & 20 years of Gas experience in same region. More importantly he has 100% success record in last 11 drill. So He has better understanding of geology & he knows well where to drill.

5. 66.4% of shares are held by institutions, that explain confidence level of Big institutions on LRL prospect.

6. Institution increased their holding on Thursday just before Drill update from 66.2% to 66.4%. Another positive sign. Institution don't do poor investment. IMO, they must have some inside information before increasing their holding

7. ZJS-5, 6, 7 has same formation as of Sanjiaobei Gas discovery.

8. Delay in update from Monday to Wednesday another positive sign to me, as I think they will take time to review date. I think if it was duster, then there is no point to review result for so long. Indication of Huge Gas Discovery (far exceed expectation)

Overall I am confident that Frank Fu will deliver Positive Update from ZJS-5 & ZJS-6.

It's all my opinion. DYOR! Thanks

Khan