LMPO Is very good buying with minimum 3 wells before expiry, Otahu Farmout possibility, possibly up to 5 further wells depending on 2d Seismic study, takeover chance.....
2009 exploration budget will be valued larger than the Market Value of LMP... LMP have dissapointed so far, but have reduced all their risks by farming down 100% costs while retaining 50% equity on many wells...
Name me one other company that has achieved this sort of deal?....
6 failed wells... Still large cash reserves...
This stock wont ever be allowed to reach a proven resource of $ 3billion in CSG, or 300BCF... it will get taken out first...
with LMPO at 3c you are betting that SP will be above 28c in Oct...
31c is 100% return... 34c is 200% return... and so on...
This could be 50cents plus...
Infact it Could be higher but im not banking on it...
Heads are more safe as you have no time delay risk...
Options will perform better...
disc, Heavy in LMPO for percieved risk with time, holding a few LMP aswell...
also holding RPM, AKK, WHN...
LMPO Is very good buying with minimum 3 wells before expiry,...
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