amazing announement, page-26

Hey argo,
put in an order at 18c or 18.5 and you prob get filled...
As some posters here said, last weeks ann sounded to good to be true...
200M project value and 20M M cap...
....
ATM I have a much better pick...
Today LMP announced spudding of a well on the Westcoast of NZ...
Fireball.... PRE have a 35% stake and they werenot forth coming with an announcement but one came out just B4...
LMP has rather small downside because its backed by something like 80% Market value of company in cash reserves...
it has 5 wells to finish the year off... it has Major target drilling coming up, including the drill spudded today...
PRE is a safer bet with the Redcliffe project, but LMP surely looks the goods at these prices.. LMP has a partner who has free carried LMP on drills while LMP retains a 50% stake...LMP has most of IPO funds still on hand...
These farmin deals are worth more than the value of the company...
The current well fireball, is a low lying structure, with lower downside risk and a big target, and one week to complete......Get you some of these mate...
Ive already said something about it on the range thread...
Take from this post what you want...
disc LMPO ave below 1.7c... PRE 3.3c.... RPM 6c.... AKK 20c...
my biggest holding is in LMPO, followed closely by RPM...
all have been bought over the last few weeks..
all have short term offerings...
lata...