LRL 3.85% 25.0¢ labyrinth resources limited

second well encounters multiple pay zones, page-4

  1. 2,328 Posts.
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    Emily I think the UK punters expected too much and it had too much hype too early, the share price is lower than it should be as a result of the retrace hangover that resulted from that party.

    I really like this announcement, it clarifies the expectations of the company in regards to any initial flow rates being an unexpected bonus, with plan A being to frack.

    80m encountered over 15 pay zones averages 5.33m, I would like to know a little more about the max hits and how far the 80m is spread out over. Last announcement had 30.8m of 56.4m identified as high porosity, no mention of porosity levels in this announcement, does that mean there weren't any, its yet to come, or they simply aren't going to tell us yet.

    March is shaping up to be very interesting
 
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