worth a little research

LBY have performed strongly recently & look like they broke out of a triangle formation yesterday.
It is well worth reading their 1/9/2009 ASX announcement which is going to be presented today in Perth, by their MD Mr. Andrew Haythorpe who holds 6% of the shares.
With all the oil & gas players still probably in Perth, LBY story should be well received given it has already partnered with CNX (Carbon Energy, another very good story) on its Galilee tenements & CGE on its Surat basin leases. Whilst LBY is a long way behind the leaders in the UCG field it is attracting good partners i.e. CNX & seems to have plenty of coal on its leases (refer ASX Presentation).
Regards
Buffett