2 days ago Leyshon Energy come out and say results from well ZJS5 are below their expectations for that area. Back in May 2013, Leyshon Resources announced flow rate exceeded managements expectations for this well. Mr Atherley states back in May 2013 in their announcement
“We are delighted to report that one of the two first wells drilled has recorded commercial flow from a
single pay zone with further production possible from additional zones. Well ZJS5 is located in the heart
of the target area and this positive result is a very encouraging early step in de-risking the project.”
LRL Price at posting:
1.2¢ Sentiment: None Disclosure: Held
