Leyshon Energy Share Discussion Threads

[pro_better] 26/9/2014 16:43

true,
hence market is not valuing the asset at all and actually even discounts the cash in bank...

[wordog] 26/9/2014 16:01

Kentan on LSE

I attended the presentation last night, primarily to get updates on MARL in which I am invested. This was the last of 3 presentations, given by the very affable Tony Meggs (Technical Director). As I had no prior knowledge of the company, I viewed it from a position of ignorance. What became blatantly clear is, although there is an overwhelming desire by the Chinese to lower emissions and reduce coal fired power stations and seek cleaner alternatives, it did not impress on me that Leyshon are the company to achieve it. They have found that the shale gas in their tenement is heavily polluted with water and this can lower production values and cause delays and add to expense. There is no guarantee that the new proposed test sites in the northern part of their licence will not be the same, so it did not encourage me to view it as a viable investment at present with the risks outlined.

[pitot_heat] 26/9/2014 13:04

Presentation obviously hasn't drummed up much interest. No sign of it on the website either. Best guess is that it was just a repeat of the repeat they seem to keep feeding us

[sirraman] 25/9/2014 16:08

anyone here attending the presentation ??

[wardy333] 24/9/2014 09:11

Atherley is quite keen on paying himself and others a bonus for abject failure, this will just dwindle away to nothing I'm afraid, not one for keeping I'm afraid goes from one disaster to another this company.

[alyo] 24/9/2014 07:43

Beau jolly, all that cash will eventually be frittered away on directors expenses

[wordog] 23/9/2014 22:31

Could be wise to buy tomorrow and ditch it after the presentation on 25th, at least you would make some money that way!

[cupra kid] 23/9/2014 19:27

A few days away and my portfolio is a tad lighter! Not the greatest RNS however there are encouraging snippets amongst the not so good news. Certainly not over by any stretch and still looking forward to see how they plan for Z8.

Hopefully they start the buy backs soon too

[beaujolly] 23/9/2014 18:20

Mmmmm.
£12.8m cash after the current testing programme and a £7.8m market cap.There's another 2p sloshing around ex any asset value.
Another rns shortly, wouldn't surprise me at all.

[the stigologist] 23/9/2014 16:00

i don't think chinese gas story is attractive or has fantastic economics

if it did the chinese would be doing it not getting western investors to fund it... and take the 'upside' if any

hTtp://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-why-i-dont-buy-chinese-stocks-on-aim-60618

Why I don’t buy Chinese stocks on AIM

By Tom Bulford

Sep 18, 2012


Greg Rudd, the brother of the former Australian prime minister, once met a Chinese businessman who gave him some prudent advice.

"You tend to see the good in people, Mr Rudd", he started. "People like you. You laugh a lot. But you’ll never make money in China with that attitude. You’ll only be taken advantage of. People will trade off you. They won’t pay you. The number one rule of doing business in China is this; never trust a Chinaman. Why would you as a foreigner trust a Chinese businessman when we as Chinese don’t trust each other?"

Now that advice is pretty close to the bone. But I’ve said it before in Penny Sleuth – you have to be very careful when you invest in a Chinese company. The record of AIM-listed Chinese companies is simply awful. And with so many still coming to market, there is a real chance that many private investors will end up making some very expensive mistakes…

[pro_better] 23/9/2014 15:52

IMHO it smells very bad not because they were not 100% successful with the drill bit but mainly because they have set a strategy where it has created a continuous uncertainty for the future of the asset/company and in turn market cannot value the company. You cannot be depended on each drill and pray that the well is successful in order to move to the next well and so on. No sensible CEO will create such uncertainty especially when there are shareholders behind the company.

The Chinese gas story is indeed attractive and economics are fantastic.
But as with all the rest of the gas companies operating in the area, their strategy, and actually the only way to have any meaningful success and asset appreciation, is to drill as many wells as possible. period.

LEN was well placed with $45m to start appreciating the asset. They could have even attracted a third partner to help with further funding for full exploration of the land.

IMHO That hesitation with the drill bit, on a proven area and successful peers in the region targeting the same zones and geology as LEN, have created the total mess we are in today.

I really hope this is just because PA is not an oil and gas man.

Here is hoping the newly recruited o&g experienced lads on board take a different view of the strategy and adopt similar one as the successful peers in the greater region.

[aim_trader] 23/9/2014 10:53

Tony Meggs our Executive Director to update investors on 25th September 2014 at the Proactive One2One, Chesterfield Mayfair. REGISTRATION:

[the stigologist] 23/9/2014 10:29

remember derampers never deramp a bad share

pmsl

[pro_better] 23/9/2014 10:15

the RNS gives mixed results, positive and negative, I must say.


it is proven the target zones do produce gas. but that specific area of the land is also producing water.

good think is that Z7 well is in better shape as Z6. they currently try to achieve commercial flow rates on Z7.

Z5 is commercial. Although one zone is producing water as well, same case as the Z7.

all in all, that area of the field is problematic with water issues. so I guess Z8 will target the same zones but in different area on the field.

Manzoni hints that the asset is valuable and it will be exploited.

I quote: ''In addition there continues to be very encouraging results being reported in adjacent operations which suggest that we remain at an early stage in fully evaluating the 700 square kilometre Zijinshan project.''

So hopefully at presentation they will give a clear picture of where we stand and where we go.

is anyone from here going to the presentation?

[useless23] 23/9/2014 09:33

China's had an heart attack

[useless23] 23/9/2014 09:16

But what about the beating heart of china and all that? (Sarcasm)

[pro_better] 23/9/2014 09:08

starts smelling very bad....

[upthediff] 23/9/2014 09:07

Good time to start the share buyback!

[sos100] 23/9/2014 09:04

Down again.

Written this investment off, I can't see how this can recover unless zj8 comes up with something.

[useless23] 22/9/2014 22:05

Today is the most tempted I've been to sell but if when the company start buying back shares then 1. The price should rise and 2. There will be fewer shares in free float which means positive news will create greater demand than supply

[socktrade1] 22/9/2014 21:58

Yes im still in and still believe 12p is possible but not as soon as i initially thought.. no point me selling now just have to wait.. too busy on holiday