Leyshon Resources’ hotly anticipated drill results now due on Wednesday
7:56 am by Jamie AshcroftThe China-focused group recently launched a new venture to assess shale gas projects in the People’s Republic.
Investors will have to wait a little longer to see the hotly anticipated results of Leyshon Resources (LON:LRL) drill programme.
The China-focused group recently launched a new venture to assess shale gas projects in the People’s Republic.
A three well campaign is currently underway in the prolific Ordos basin, with the first two wells originally projected to be completed in December.
Leyshon shares doubled in value last week, before being suspended, as investors speculated on the outcome of the wells.
After initially expecting the results today Leyshon this morning said that a technical review of the results is not yet complete.
The results will now be released on Wednesday, it said. Trading in Leyshon shares will remain suspended until then also.
Drilling of the third well does not start until next year.
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