LMP l&m petroleum limited

so undervalued

  1. 13,252 Posts.
    I still can't believe that the market values LMP at 3 million as a market cap of 15 mil with 12 mil in the bank has got to make lmp the cheapest csg and oil play on the ASX. I spoke to the company and they are really excited about the csg and the gas what they have estimated is only on small part of there tenements. Drilling is definetly starting in june and so is the siesmic to build up more reserves and identify targets for csg drilling. They said they aim to be a major player in gas in NZ and have had a lot of interest by other companies to buy the gas. Exciting times for LMP and all holders.
 
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Currently unlisted public company.

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