some of the fact, that Pro can't decline;1. LRL cash position =...

some of the fact, that Pro can't decline;

1. LRL cash position = 12p/share

2. ZJS-05 drill result : Gas Discovery, 30m net pay with relatively high porosity

3. Flow Test commenced & flow test result before X-Mas

4. Gas tie-up point just 10 km away, & ZJS areas lies in one of the world largest gas production area

5. Recent iii Analyst recommend: LRL highly under-valued

6. ZJS-5,6,7 well rock formation looks very similar to Sino Gas prospect & all 11 wells drilled so far by Sino Gas are Gas Discovery & all of wells are flowed at commercial rate, even few wells flow over 1.5 millions scf/day with frac stimulation with only 6m net thickness. ZJS-5 first payzone thickness is around 15 meter.

7. LRL MD Paul in video interview predicted "Investors may pay couple of pounds in next three months" i.e. Feb/March.

8. NPV of current drill program (ZJS 5,6,7) is around $1.1 billions (= 275p/share). So, if all three wells confirm commercial discovery, These three wells will worth 275p/share net to LRL (based on 60% Working Interest). So Pro point that "300BCF looks invalid to me"

9. LRL CEO Frank Fu has 100% success rate record. Commercial FLow rate at ZJS-5 will de-risk whole LRL prospects.

10. Current drill program will cost $11m to LRL, if PetroChina buy back 40%, then they will pay 40% of drill cost, so Net Drill cost for LRL will be $6.6 millions