LRL 3.85% 25.0¢ labyrinth resources limited

done deal, page-12

  1. 6,676 Posts.
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    It seem that Leyshons has shifted focus to the Gas Deal and with the significances apparently lost on the market PA is on a bit of roady to extol its virtues-

    "The key attraction of the Pacific Asia Petroleum deal is its ownership of the Zijinshan Production Sharing Contract on the Ordos gas basin in Central China. “The Ordos basin is the beating heart of the world’s fastest growing major economy, and is one of the best places to be exploring for gas right now”, says Paul. “Any commercial discovery will be hooked into one of the major arterial pipelines that cross the basin. We are particularly excited about PAPL commencing drilling on one of few remaining blocks on the basin’s eastern flank - an area that has seen spectacular recent discoveries.”

    Also goes on to say-

    " What’s more, respected industry advisor RISC has said that in its view the Zijinshan gas project contains gross prospective resources that are potentially large due to the confirmation of the presence of unconventional gas, with in-place estimates in the range one-to-3.8 trillion cubic feet (tcf)."

    The article is a good read and LRL look they they have a good story to tell, a discovery here could be major, and quick to market. It also implies that after a long period of quiet (ahmen to that) expect a lot more news flow from now on.

    I wonder if the loading up will continue Monday.

    Oscar






 
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