Member Info for panda1

I am sceptical about mm codes but I have noticed (for other shares) on a few occasions that sure enough soon after a 1 or 100 volume trade is printed an RNS follows. L2 2v2 no trades since the 1 share trade

just had a trade for 1 share.If anyone believes in MM codes it could mean an RNS has been lodged :-)

It looks like the neighbouring project to Leyshon's is progressing well which is always a good sign http://www.rigzone.com/news/oil_gas/a/128777/Sino_Gas_Energy_Submits_Linxing_PSC_Reserve_Report

That's right there is never any certainty in investing/trading. You just have to assess the probabilities and the expected return. As I have previously said the risk to reward ratio is currently very enticing.

At the current sp,given the company's cash in hand, the market pretty much values the Ordos basin project at zero. After having done extensive research including reading all available RNS's several times I think there is a very good chance that the project will turn out to be a success. So to me it seems like a very sensible time to buy.

great buying opportunity IMO. Increased my holding by 25k shares this morning. This company is backed by cash so even if zjs7 results are not good then I think the downside is limited. If zjs7 results are positive then I think we will see a swift rise in the sp.

what was the price action like just before they released RNS's on drilling the last 2 wells ?

Looks like trading on ASX is very illiquid. Last price is 0.17 which is almost unchanged from the open LRL 0.170 -2.86% 0.165 0.185 0.170 0.170 0.150 234,000

news due on ZJS7 and could come any day now, that is why I bought in yesterday. LRL are sitting on a pile of cash which is equivalent to the current share price so the downside risk is limited with big upside potential on positive drilling results. Also MD is a very substantial shareholder and has bought £268,380 worth of shares at 14.91p earlier this year

I have been watching this for a while and took a 35k share position today.I think at this price,LRL offers a fantastic risk to reward ratio. It is also refreshing for an AIM stock to be sitting on such a nice cash pile.