LMP 3.57% 13.5¢ l&m petroleum limited

granted extension to pep 38238

  1. 702 Posts.
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    Hey all, has been pretty quite on the forum lately re.LMP But wow I cant believe people are talking about this stock. Check out the new ann on the extended permit.

    LMP gave up their PEP 38230 permit (Western Southland Basin) to the government in exchange for an extension to their PEP 38238 (Blackmount) permit. This is very good news if you check out the map on the latests ann it shows the predicted 'trend' of the CSG. The amalgamated permit will mean they only have to do a single more rational exploration program, thus saving time and costs.

    would like to hear some thoughts, also its good to see that management seem to be rather 'excited' about their CSG with the first drill. They also seem to be taking steps in the right directions at this stage which to me puts alot of confidence in management.

 
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