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.
- Forums
- ASX - By Stock
- Ann: Investor Presentation October 2012
Welcome to LRL where paitents is a virtue .From Oct 4...
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)