Member Info for wordog

Ha ha, it surprised me too! Sold my house, car and wife and ploughed it into lrl when I saw the 2% rise! Looking at houses in Bermuda now.

It ain't going much lower that's for sure.

I don't think we will hear any big news until after jan. There is still zjs7......

I'm sitting on a fair loss after the debacle of the last year. I have thought hard about accepting a loss and moving on but I genuinely feel that this will come good. I don't think we will see any major movement until after jan, but I'm willing to be patient. I spent a lot if time reading the last RNS and independent reports, and although the risk is fairly high, I can see profit to be made as long as I don't get too greedy!

http://sharecast.com/news/china-offers-25-offshore-oil-licences-to-overseas-operators/21212611.html Data only available until the end of the month, does that mean we will know leyshon have put a bid in by then?

Fair one

Someone picked up 400000

We will see a rise at some point......

We are hiring more staff and under the merger costs will increase. Mt leyshon will not be re visited making leyshon resources worthless with minimal cash. Half the cash in leyshon energy will pay for next round of exploration. The board are looking at acquisitions, but only if the de merger goes ahead. Absolutely no new information on zsj5,6 or 7. What is frank doing! Rant over.

The Company may consider disposing of all or part of its interest in the Mt Leyshon Gold Project. Whilst recently focusing on the development of the Zijinshan Gas Project, the Company has continued to seek additional project acquisition opportunities in both the energy and mineral sectors, in Australia and overseas Implementation of the Proposed Demerger will not affect the number of Shares held by Shareholders. Upon the Proposed Demerger being implemented, Eligible Shareholders will hold: (a) the same number of Shares as they held immediately before the Proposed Demerger was implemented; and (b) one (1) Leyshon Energy Share for every one (1) Share they held as at the Record Date. Following implementation of the Proposed Demerger: (i) the Company's projects will comprise solely of the Mt Leyshon Gold Project. The Mt Leyshon Gold Project is on care and maintenance and is not currently being developed by the Company. Refer to Section 4.4 for further information; and (ii) Leyshon Energy will have only one project, the Zijinshan Gas Project, and cannot guarantee that it will achieve production of profitable resources from this project. Refer to Section 5.6 for further information. As a result, there is a risk of either the Company or Leyshon Energy (as the case may be) being negatively impacted as a result of a lack of project diversity. Mr Paul Atherley will assume a position on Leyshon Energy's board and, as soon as the Company is able to appoint a suitably qualified managing director, will resign as managing director of the Company. The Company also intends to change the Board composition by adding Directors with suitable skills and experience to the Board. A number of early stage mineral projects in Africa and Asia are currently being evaluated for potential acquisition by the Company. In addition, the Company will seek corporate opportunities to merge or otherwise combine with other mineral companies. A number of these acquisition opportunities have been reviewed by the proposed directors of Leyshon Energy, who have determined that they could be of interest to Leyshon Energy if the Proposed Demerger is implemented. total estimated expenditure of approximately US$16.8 million pursuant to the initial 2013/14 exploration and appraisal programmefor the Zijinshan Gas Project.

http://www.*****************/leyshon-resources-chinas-shale-gas-policy-promises-more-financial-support/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+DirectorsTalkLrl+%28Directors+Talk+»+LRL%29

China Daily reported that the National Energy Administration announced that China’s commercialized shale gas production has reached 143 million cubic meters. The country’s largest refiner Sinopec Co’s shale gas project in Chongqing has realized a cumulative output of 73 million cubic meters with a daily output of 150,000 cubic meters. By the end of 2015, the project will have an annual production capacity of 5 billion cubic meters with an output of 3.3 billion cubic meters. The country’s biggest oil and gas developer PetroChina Co has a cumulative output of 70 million cubic meters in Changning-Weiyuan and Fushun Yongchuan shale gas projects. PetroChina said that the projects’ output potential has far exceeded expectations during the exploration. According to China’s industrial plan for the shale gas sector, it will reach a proven reserve of 1 trillion cubic meters with an annual output of 6.5 billion cubic meters by 2014.

Me too for similar reasons as well as the energy hungry chinese market and lack of legislation on fracking. It made sense 6 months ago. Although I'm sitting on considerable loss I think the company is seriously restructuring and we are going to see this multiply if it pays off. I still have faith but I'm now invested in something very different to what I did late last year.

Cheers spud. I wonder if frank fu and the drilling team are still being paid? If so I'm in the wrong job!

You have mentioned in the past that there is no fracking in the winter, where did you read this?

http://www.theguardian.com/environment/2012/nov/27/china-planning-huge-fracking-industry

I suppose it depends on your idea of "soon", my idea of soon, with reference to LRL, is 4-6 months.

But are you still mortgage free? Dont forget MA is a share hooder too. It will be back in double figures soon.

Yep, seen. I hope this is a multiple bagger one day, then I can retire. For a month.

I'm confused, retired?