LIO lion energy limited
Add to My Watchlist 20.0% ! 1.2¢

drilling three wells this quarter

  1. miningnut
    11,517 Posts.
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    17/10/07
    10:23
    Post #: 2902428
    "In 2H 2007, three exploration wells are planned to be drilled(by the Seram JV) and a 293km 2D seismic survey will be conducted with total expenditure of US$16.7million. The exploration wells are estimated to have reserves of 26 million barrels."
    CITIC Resources Holdings Limited - Extract from Interim(Half Yearly) Report 2007(page 24).

    Citic has 51% in Seram JV & Lion has 2.5%.

    Shareprice will triple once drilling commences as there are so few shares available.
    LIO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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1.2¢ 		Change
0.002(20.0%) 		Mkt cap ! $5.426M
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