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the funniest thing is..I am too sitting in Morocco,,sipping Moroccan tea..eating some fantastic olives and olive oil..while HNR is delivering and hopefully increasing revenue. Moroccan olives taste so nice, not bitter at all like D14...:)

good job by the team so at $5/mcf that will give us $ 250,000/month for, if confirmed, 90% is nitrogen and if we sell it all to 'partners'..and now lets get the share price to drop to 14 p for those fantastic investors who change their mind every time the wind blows to get in...useless..

Thanks Fadec for the summaries in the last few days and putting an effort to write them down. really appreciate it The H-S

oh my..these HNR guys are korny but clued up. love how RP was shouting key questions to Cully on HNR..haha. that was a good sales trick. I am impressed that they are obviously so convinced about the potential not just of DT and Helios but I think they see ED as more than just helping with DT/Helios. It is also obvious that they are misguided about how markets work..he thought that they went from 12 to 30 p on the back of those 2 wells so therefore expected interesting day after True deal for another 6. It didn't quite work out like that but all the best to them and us!

...and all these 'experts' who don't have a clue about running and growing business go more quiet..another 10% up complete silence never to be heard of again..just watch it

1 Mil shares bought and share price doesn't move? is this the start of share buy back by LEN?

I am trying to re-think the whole LEN and interim testing again. Re-reading the announcements and PA's statements. - Couple of weeks after they announce the testing programme start non-exec director buys 15,000 pounds worth of shares..interesting - they have $25M cash which is 6p/share - they will spend $4M on interim testing and if that is a complete failure they will still have around 5p/share cash left - so even if they fail they will have lots of cash and potential for very good acquisitions in Chine where they have excellent positioning, connections and partners in the shape of PetroChina as well as access to finance (as they have repeated on numerous occasions) - if they fail in this testing and decide to mothball the zijinshan for now share price should still hold or even increase if they announce cash generating/growth acquisition, especially if they partner with a big Chinese Co. - on the other hand they said they want to strengthen their technical team which would indicate that even with the failure of the testing they might want to proceed with the development but maybe not to the full scale - otherwise why strengthen technical team if you are not going to do any further technical or operational work? - Regarding acquisitions Chairman already said that they have been 'offered opportunities to work with the major state owned energy Companies CNOOC, Sinopec' which sounds very encouraging Having all the above in mind I think we should not make a mistake of undermining the LEN team based on previous delays and failures where key parts of management team except PA were not present and there was no talk on acquisitions for example. I think some the statements from above encourage me to be more patient and give them a chance..here is to hoping

Problem in testing, frac or water in one single zone especially in this vertical well can impact everything. But I agree with you they should have told us something in last 2 months

not a greatest expert myself, but coming from O&G industry there are possible explanations. initial flow testing of zones can indeed be just 1-2 weeks, but if they decided to do hydraulic fracture stimulation after initial failed flow testing as with Z5, and as they will probably do with Halliburton on board then that can take much longer. Also, if there was water ingress from one zone that prevents testing in others and they are trying to isolate it then that can also delay things. Id say they are definitely doing frac testing and if they had positive results they also could have 'shut in' the well for pressure tests and that can also take weeks Im just offering some alternatives to the obvious 'its all failure' scenario

I dont know about calliing PA a liar...maybe situation changed on the ground, maybe they encountered problems and are trying to resolve them, but what he promised in terms of 'lots of news flow' didnt turn out to be true. So in that respect I agree with wordog, I support PA and the board but we have to admit what are the facts in terms of no news for more than 2 months.. Previously they delayed results from other wells and now again! Maybe they are having problems with wells, with Halliburton who knows...maybe attempting to isolate the water and attempt again the tests, I have no clue what could be holding back the news flow that they promised...but they should communicate some kind of update. I am worried to say the least

thanks for the effort shareinvestor let us know if he actually calls you

are we just revealing how deep we are into this quoting these amounts.....i think you and I put together probably own more than 1% of leyshon energy...lets ask for EGM...lol

you are right shareinvestor, I can easily sell on 'quote and deal' on barclays £20-40k. usually 'quote and deal' option does not allow you to sell these bigger amounts at price even little bit bigger than bid...but here we go speculating. 2 months since testing begun and still no news. I find it little bit strange, they could have announced preparation for z8 spud at least. as usual the intrigue continues

there is lot of nonsense being talked about in here. I have been in this share for some time now. bough initially same time as PA so you can guess I had to average down. This share needs concrete news, hopefully positive about testing results and spud of new well. If they finally announce new and cash generating acquisition with growth potential then even better. No way can PA and Manzoni show up at the presentation on 25th with regurgitating version of same slides we have seen before and for last year and a half. They must present some progress if anyone is going to see the value beyond cash of 6p.

Few decent size buys today...are the news just around the corner After all the promises and false dawns and all the lovely PA's presentations this will not move unless there is some positively concrete news from testing and at least some concrete news on acquisition front. Lets wait and see but patience has been tested here severely in last year and a half