lrl - looks positive, page-3

While I agree with some of what you have posted, one I don't agree is "institution has increased holdings and instutions don't do bad investments" or something to that effect. Seriously, surely you don't believe this. BBG, LYC and ASB (3 current examples) are primarily held by institutions and have all been thrashed recently. I can think of numerous companies where instutions have bought and the company has delisted or significantly diminished in value shortly after.

The other thing all need to remember is, they are drilling at the moment. Finding gas whilst drilling is a good start, but flow rates next year from these drill holes are going to be required to get any idea at all what exists in their PSC. I'm surprised they have gone into suspension, when in all likelihood the best they can announce is a wirelog of one or both holes. Seems like more of a setup to get some interest in the announcement. I'd be very careful about buying on the announcement.

Last comment is, I would think LRL is approximately 3-4 years behind SEH, and with SEH still being about 4 years away from significant production, LRL have still got a 7-8 year road ahead of them. Hopefully SEH's current progress and success helps LRL make faster progress.

Good luck to the holders.