LIO 20.0% 2.4¢ lion energy limited

Sell or Buy, page-2

  1. 168 Posts.
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    Pipe stuck plugged and abandoned wont be producing and getting an income any time soon, costs to go back and repeat the well are the negatives

    On the plus side

    We have a new field, gas, oil,
    We have an initial prognosis of a well with a far greater result on the initially thought interpretation
    We have in excess of 200 plus meter's further to drill to perhaps further advance prognosis
    This result will give management confidence of their correct now enhanced interpretation for future

    Summary
    A bit disappointed but 40% of a new field is terrific more patience required
 
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