LPL appears to be one of the highest quality new listings out there.
It has become a Natural Gas producer after only 6 months.
LPL's 50% share of production at Larner 2-12 is now worth $6,000 per day. That's over $2 Million revenue per year (assuming a conservative NG price of $6)
Their 2nd well at Edge 1-10 is expected to contribute almost $0.5 Million per year in revenue.
Not bad for a --> $12 Million <--- market cap company.
A 6 well program is planned to commence next quarter.
Another 100-200 prospective targets have been identified.
So far this company has only 2 !!!
LPL won't stay at 40c for much longer...
Do I hold? Do bears sh*t in the woods?
Joel
LPL
livingstone petroleum limited
LPL appears to be one of the highest quality new listings out...
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