Some posters on ADVFN had mentioned there had been a leak due to the increased buying today. I myself would not suscribe to that one. In light of what has happened over the last few weeks with general to O&G stocks , i think we are having a rerating and the share price is heading towards its proper price. I can see us heading towards 30p on a good commercial flow rate after fracking.
After picking up our PSA for $2.5 m and 10m shares to CAMAC which in hinde sight was very cheap would it be possible for PA to find another cheap option ? I sure hope so.
With $ 20m dollars set aside from our working capital for this year ,you can bet PA is on the scout. Today with a good rise of 8.8% on AIM ,im hoping for some similar action tomorrow as we get closer to frac results.
LEYSHON has the potential to be a top 2013 company with commercial flow rates and PetroChina indulging in there potential 40% option.
I am very comfortable holding LRL
OILBUY
LRL Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
