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LIO, LION ENERGY LIMITED
Commander C
post Posted: Apr 18 2007, 02:46 PM
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In reply to: King Baz on Sunday 11/02/07 02:51pm

dropping like a stone again
why is it trading below de facto net cash (assuming LIO sells its 2.5% interest in Seram for US$4M odd)?

 
King Baz
post Posted: Feb 11 2007, 02:51 PM
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buy early sell before spud



--------------------



Regards,

KB



LIFE IS FRAGILE and as investors we have disproportionately significant moral obligations.

I encourage people to watch the DVD titled 'The Corporation' to fully understand the exploitative nature intrinsic to corporations. Then, immediately after to watch the 'Inconvenient Truth' to put it in context.
 
cougr
post Posted: Feb 11 2007, 02:47 PM
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Could someone please define whats BESBS is?

 
garryg
post Posted: Feb 5 2007, 08:27 PM
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In reply to: garryg on Sunday 28/01/07 08:45pm

Bad news today for the LIO/GLX/ETE SM138 well. At least holders still have SM152 to come. Although I am largely a BESBS player, success here would have provided great momentum for LIO shareholders (besides from a personal perspective, price spikes prior to drilling depend on some drilling successes to motivate the punters). Although this is a setback, hopefully drilling success shortly, and re-aligning of assets towards the GOM, will see LIO have a successful 2007.

From a BESBS perspective, a 30% return was ok but I thought that the SP might hit 50c. Maybe the SPP and option issues prior to 138 had an impact? Maybe the target was too small (it was never an elephant)? Not sure, maybe a combination...



 
garryg
post Posted: Jan 28 2007, 08:45 PM
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Should be an interesting week ahead for Lion. Success at SM 138 could be worth 20c+ to the SP. Should be interesting to see if LIO gets a late run or not, especially as it has SM152 to follow. As I mostly employ a BESBS approach, I have sold some of my LIO - now free carried on profits.

Good luck to all holders. Success here would be a great boost for LIO and management's new focus.

Cheers,
G

 
miningnut
post Posted: Jan 17 2007, 02:09 PM
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Giving this a nice run today - those cheap options should list by the end of the week - it would be good to get an update on progress of the current well.

 

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rosskend
post Posted: Jan 9 2007, 09:48 AM
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Hi LIOers - should be at TD about mid Feb - 12th if you take the exact days, but will probably be the usualy delays and mishaps. A good hit could be worth about .30ps on the 6mbo oil alone, .54 on 22bcfg gas - could mean LIO trading around $1 in late Feb. Noticed that the operator of ajoining lease had mechanical problems - perhaps the geology may be tricky or the crew/equipment was not up to scratch. Lets hope the Pride Georgia hold up the honour of that state - perhaps a few bars of the Ray Charles classic - "Georgia on my mind"?!?!!?!?!? ;-)

R/Ross


 
garryg
post Posted: Jan 8 2007, 01:17 PM
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LIO's Drilling at SM138 underway. Casing to 366m. Still a distance from the targetted 2,980m-3,600m...35 days to drill to final depth (assuming no technical/mechanical hitches).

 
garryg
post Posted: Dec 27 2006, 08:44 AM
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Starting to expect LIO to commence a 2nd run very soon (they have already gone from the low30s to steady in the high 30s) for the following reasons:

*Drilling in SM 138 is about to commence – nothing like the drill bit spinning to attract attention! The target is close to current producers in neighbouring acreage which increases the likelihood of success (although remember, the odds of a duster are always higher than success).
*GOM is an attractive section of the oil world. Success rates are better than most, probably closer to 1:5 than the usual 1:10. The targets are not elephant like but significant when compared to the market capital of Lion. Success at SM138 could add 20c+ to the SP as success might have a small premium added to value for the follow-up SM 152.
*SM 152 is to follow from SM 138. This should help provide a floor under LIO if the first well is not successful. If both SM 138 & SM 152 are successful, LIO should more than double in value.
*Cash is on hand, small production income – all positives for any junior oiler.
*Shares have been consolidated to reduce paper, and many holders have been sifted out over the last few weeks.
*Management’s new direction towards GOM, and recent action to increase leverage in these drillings looks a sound way to try and grow LIO into a stronger energy producer.

Looking forward to action shortly. smile.gif

DYOR
G (holding LIO)


 
garryg
post Posted: Dec 12 2006, 08:17 PM
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LIO starting to look OK.
The new SP seems to have settled in the mid-high 30s. With cash in hand, just a matter of time before announcements with specific details on the GOM are made and the SP gets a wriggle on.

Holding LIO

 
 


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