LIO 0.00% 2.1¢ lion energy limited

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  1. 540 Posts.
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    lio I am bullish on this stock as the original oil assets were purchased based on an average oil price of around $U20 per barrel and not the $U60 we are currently experiencing.

    I would assume that an announcement should be due soon to detail the latest loadings of:[1] Bula Oil (previous loading was 57000 barrels average price of US$43 - should be closer to US$55 for this latest load); [2] the progess of Phase ll drilling at Oseil; [3] information on their recent Coal Investment; and wishfully [4] information on the progress of maintenance for their Main Production Facility at the Oseil field. The February 05 announcement had stated that the temporary production facility would be required for a minimum of three months but I am unaware of any update on the progress of this maintenance. Perhap' s Ian whitechurch may have more information on this last one??
    I guess we just have to wait and see.
    Cheers.
    Anton.
 
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