LRL 3.85% 25.0¢ labyrinth resources limited

Welcome to LRL where paitents is a virtue .From Oct 4...

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    Welcome to LRL where paitents is a virtue .From Oct 4 announcement



    -Leyshon Resources Limited (AIM/ASX:LRL) (“Leyshon” or the “Company”) is pleased to
    announce that the recently appointed management team at Pacific Asia
    Petroleum Limited (PAPL), which Leyshon acquired in July, has commenced drilling at the 708
    km2 Zijinshan block located on the Eastern flank of the prolific Ordos Basin, China’s second
    largest and one of the world’s major gas producing basins.
    The new management team, which successfully drilled and appraised the recent multi-Tcf gas
    discoveries on the adjacent Sanjiaobei and Linxing blocks, has designed an initial three well
    programme to test for gas in similar formations over a 600 metre interval to a depth of
    approximately 2.4 kilometres.
    The first two wells are expected to be completed by the end of November with completion of
    the third expected early in the new year. The total cost for drilling, logging, casing, fracking and
    flow testing the three wells is estimated at around US$ 5 million.
 
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Last
25.0¢
Change
-0.010(3.85%)
Mkt cap ! $30.43M
Open High Low Value Volume
25.5¢ 25.5¢ 24.3¢ $16.6K 66.24K

Buyers (Bids)

No. Vol. Price($)
1 20400 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 39614 1
Last trade - 15.53pm 15/11/2024 (20 minute delay) ?
LRL (ASX) Chart
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