Leyshon Energy Share Discussion Threads

[socktrade1] 08/9/2014 14:03

RCT not at all..i didnt say there was a leak... even with well 5 there was no leak... i changed my view due to the presentation not the buys.. i dont believe any intelligent director would have this presentation on the 25th after no news for several weeks or if there was bad news. the whole point of presentations is to attract investors.. they would not make a big scene if they were not confident about something ok Victor Meldrew?

[rcturner2] 08/9/2014 13:56

lol sock, last week you were ready to throw the towel in and convinced we had water not gas.

A few pi trades pushing the price around means nothing.

If there is a leak of news there will be volume. Hence why volume is important.

[socktrade1] 08/9/2014 13:37

all i do now is its cheap as chips and it wont be this price for too long imo

[socktrade1] 08/9/2014 13:36

trotting not sure mate.. but its the first time ive been able to sell £40k in one go.. i never would sell sub 12p but why am i able to sell £40k..?? it means there is demand for the shares.. thats the only logical explanation

[trotting12] 08/9/2014 13:33

Sock,that sounds very positive ,possible leak??

[socktrade1] 08/9/2014 13:27

before i sometimes struggled to even sell £3k in one go without it going through to negotiated trade now i can sell £40k worth

[socktrade1] 08/9/2014 13:27

RCT i can manage to sell £40,000 worth at 4.8p on a dummy sell, never could that before so there is obviously demand

[socktrade1] 08/9/2014 13:24

rct turner and sure enough we are now back up.. infact up 8%

[rcturner2] 08/9/2014 13:20

And sure enough, back down we go.

[rcturner2] 08/9/2014 11:14

sock, when I see a rise like this it means nothing unless there is volume. These gains could be shed in the blink of an eye as they are simply private investors buying small amounts and being stiffed by the MMs.

[socktrade1] 08/9/2014 11:11

" massive volume" is unlikely to happen until an RNS is issued

[socktrade1] 08/9/2014 11:05

Victor Meldrew , nothing ever seems to please you... even if this was to hit 12p Tomorrow you would probably be complaining as to why we aren't at 20p.. be grateful for this rise.

[socktrade1] 08/9/2014 11:04

Victor Meldrew ever seems to please you... even if this was to hit 12p Tomorrow you would probably be complaining as to why we aren't at 20p.. be grateful for this rise, Victor meldrew

[rcturner2] 08/9/2014 11:01

hmmm...

still not massive volume though

[socktrade1] 05/9/2014 17:57

it's positive that we have closed on Today's High.. that hasnt happened for a very long time

[socktrade1] 05/9/2014 17:57

the thing is they took a really long time to chose which zones to flow test... plus they have been working with haliburton... so one would expect they have the right zones... so far we have had a 50% success rate 1 out of 2 wells... but with the ex bp executives and working alongside Haliburton.. i think the chance of success is much higher.. like i said before all the wells drilled so far have had gas... so the field definitely has alot of gas we just need time to work out the geology

[socktrade1] 05/9/2014 17:51

All the wells they have drilled have had gas... well 5 had gas and was commercial.. well 6 had gas but was a failure due to water.. well 7 has gas and we are awaiting to sell if its commercial. there are some companies that have zero gas in their wells , we have been lucky to have gas in all wells. the only issue is water isolation.. obviously if this cant be fixed then it doesnt matter how much gas there is if you cant extract it.

[captain james t kirk] 05/9/2014 17:32

pro

Warp engines do not have cylinders. They have dilithium crystal technology :)
gwa

[wordog] 05/9/2014 17:26

PB, "We already know Z7 has gas." please elaborate on your reasoning behind this, i have not seen anything to suggest this other than the mention of high porosity.

[rcturner2] 05/9/2014 16:40

I hope so PB, but I think most of that is conjecture and you could easily be disappointed.

[pro_better] 05/9/2014 16:27

My guess is by the end of next week we should receive the test results from Z7.
I personally do not see bad news coming from Z7. We already know Z7 has gas. They just need to test three zones and increase outflow...

Then they will start drilling Z8, before end of month, in order to be on schedule...

With regards to presentation, I find it a bit strange to go to a presentation just to inform only about the results from Z7.So I wouldn't rule out news before the presentation about a JV on a new asset etc...

Also, I always said that significant share price increase will come from news on the new acquisition. ...watch this space...

IMHO the engines have finally started kicking in all cylinders...

[sos100] 05/9/2014 13:32

decent chance of a update rns before that presentation one would think

otherwise what will they talk about?

[socktrade1] 05/9/2014 10:50

I expect a steady rise as we approach the 25th

[socktrade1] 05/9/2014 10:47

I dont think they will cancel.. why??? because its been over 8 weeks since they started the programme. so im sure they know how the work is progressing.. if it was bad they would have cancelled the presentation way before Yesterday .. time will tell. we'll just have to wait and see

[rcturner2] 05/9/2014 10:44

The presentation may explain the buying yesterday and the mini rise. Many will assume that without good news they would not be doing it. Although I am pretty sure the same thing happened last time and they cancelled once the water was found in the well.