oil discovery: 42mmbo and drilling again, page-9

Agree with you Jim think there is a lot more upside to Lion and am curious as you are as to why they are not spruiking the discovery. The operator moved immediately to drill an appraisal well which is a good sign. The largest shareholders now are the mysterious Chinese backers.

Spoke to Jack Toby recently and he more or less indicated that the China refinery proposal would not go ahead and seems that no money was actually paid to Jian Wu to do an evalaution. So you have to wonder what they will spend their dosh on. Dargie thinks they will move on some hard rock prospect. I am not so sure.

Looks interesting play to me, cash, cash flow, few shares on issue, mysterious uncommunicative management.