hi guys
question: will the Lion roar (Lion Energy)..????
has a pretty good chance..
hopefully will be drilling GOM late 2006.
two prospect South Marsh 128 & 152
potentially 14mmbls of oil & 20bcf/gas
StockAnalysis rates the prospects as low risk drilling.
Lions interest 30%..
30% of 14mmbls = 4.2mmbls
currently under going large placement .0035cents
as well as consolidation 1:100
after consolidation will have approx 61mm shares with market cap approx $18mm
share price around 30-40cents.
SO WAIT UNTIL AFTER CONSOLIDATION & HOPEFULLY A DRILLING DATE.
once the above is announced i'm sure we'll see the share price head north pre-drilling & during drilling.
DISCOVERY....
4.2mmbls X US$50bbl = US$210mm
US$210 divvy by 61mm shares = $3.50
even $25bbl = $1.73
see below link, report from StockAnalysis back in Feb2006. it gives you a pretty good idea about the prospects. since that report Lion have taken a 30% interest..
http://www.gulfx.com.au/research.html
as usual D.Y.O.R
regards
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