will the lion roar

hi guys

question: will the Lion roar (Lion Energy)..????

has a pretty good chance..

hopefully will be drilling GOM late 2006.

two prospect South Marsh 128 & 152

potentially 14mmbls of oil & 20bcf/gas

StockAnalysis rates the prospects as low risk drilling.

Lions interest 30%..

30% of 14mmbls = 4.2mmbls

currently under going large placement .0035cents

as well as consolidation 1:100

after consolidation will have approx 61mm shares with market cap approx $18mm

share price around 30-40cents.

SO WAIT UNTIL AFTER CONSOLIDATION & HOPEFULLY A DRILLING DATE.

once the above is announced i'm sure we'll see the share price head north pre-drilling & during drilling.

DISCOVERY....

4.2mmbls X US$50bbl = US$210mm

US$210 divvy by 61mm shares = $3.50

even $25bbl = $1.73

see below link, report from StockAnalysis back in Feb2006. it gives you a pretty good idea about the prospects. since that report Lion have taken a 30% interest..

http://www.gulfx.com.au/research.html

as usual D.Y.O.R

regards