Member Info for LSE63

Looks positive long term.
Under the terms of the SPA, Premier will pay the full costs of an appraisal well up to a total of US$23 million to test the reservoir deliverability of the Malguk-1 discovery. The well will be drilled and tested in Q1 2020 with rig options having already been identified and contracting negotiations underway. On successful completion of the work programme, Premier will have the option to assume operatorship.

What does it all mean

A few years ago there was talk of the £ party. A lot more shares in issue now so you need to dyor. I am a LTH holding to potentially make a decent profit in the next 2 years.

Project Icewine: Unconventional - HRZ • De-risked by two wells with results to date considered encouraging and consistent with early stage results from other successful plays • Results from re-evaluation project expected within weeks • Farm-out process planned to fund further appraisal Question-Does the above comment mean we are due news in weeks or weeks from when more work is done?

It will be deramped so the derampers can buy in cheaper. Just need the permit to rework the Wells and this will fly. Hold and buy on the dips.

12:40 Does anyone believe in them?

Reduced was 10.42% now 9.53%. Any comments appreciated

Why no chat on this board?

It's not dead. The Rns did not sat it was!!! Back to the drawing board for more evaluation of what was found. The trouble is most people just scan the Rns and jump to the wrong conclusions

So much potential if you have the patience. Any thoughts on how long before those LTH invested make some good money? I'm thinking another 2 years!!

Torok is not dead, its just not the right time. Well is abandoned to save time and money. The reservoir performance in the Torok Channel Sequence was better than the Nanushuk in the Winx-1 well as evidenced by relatively faster influx of fluid during MDT sampling. On completion of the wireline logging program it is apparent that the oil saturations in the zone of interest are also low and not conducive to hydrocarbon flow. While the oil saturations are evidence of an active petroleum system and charge, further work is required to determine whether there is an effective trapping mechanism at this location. Buy low today but dyor first. Being played by mms 1.25.down to 0.7 back up to 1.32 back down today then where. Just my thoughts.

Been involved since 05012016 watching from the sidelines and making the odd post. I'm puzzled at all the names that have returned to the chatroom. I'm sure you will all add value in some way helping us all cream the curve.

Weak to moderate oil shows were recorded, including fluorescence and crush/cut fluorescence, whilst drilling through this zone; however, initial petrophysical analysis indicates potentially high water saturation. "Additional analysis is ongoing and will be reported once available" Any thoughts on above?

I've been sitting on the fence since I bought in at.03 of a penny. I believe wealth will be moved from the impatient to the patient. The traders are moving out and the investor and institutions will take their place.

My thoughts are that the shares are priced to move shares from the impatient to the patient, Max 50days to go.

Asx 22million traded and no movement in price. Is this the low before we finally move up?

Have you noticed, Why does the share open down in the morning and on the last trade of the day close level?

More news to come!!

Spud lols

Can't buy or sell on HL. Why?