ValueMax
- 08 Jan 2008 08:18



1 April 2008 |
Oil & Liquids (mmbbls) |
Gas (bcf) |
Total (mmboe) |
1P Reserves |
3.85 |
47.2 |
11.7 |
2P Reserves |
7.87 |
97.22 |
24.1 |
3P Reserves |
16.25 |
322.39 |
70.0 |
The next independent reserve report is expected to be published by 31 March 2009
Assets:Eugene Island (blocks 172, 183, 184)A-6 well flowing at 498 boepd (374 boepd working interest). Awaiting recompletion from primary zone during Q1 2009.
A-7 well flowing at 2177 boepd (1623 boepd working interest). Well originally tested at approx 4000 boepd, but water level have been increasing.
A-8 well flowing at 2557 boepd (1918 boepd working interest).Grand Isle (blocks 95, 100)
Assessing seismic data, finalising well plansShip Shoal (block 201)
Commencing operations during 2009. Fast tracking drill of wells 1 and 2.South Marsh Island (blocks 5, 6)
Block 6 due to be drilled in first half of 2009.
Installing platform and pipeline.Sorrento Dome
Drilling plans finalised. Seeking drilling rig for well 13-1.
LDP news - RSS Feed
Balerboy
- 16 Sep 2009 09:21
- 164 of 235
Should be a bit of profit in this, I had it on my watch list at around 20-21p so if it climbs back to those levels very nice.
niceonecyril
- 16 Sep 2009 12:26
- 165 of 235
B/boy i sold out of these several months ago,they have had problems,some due to hurricane damage which i believe is still not resolved? With the hurricane season
upon them, could be a problem(but much is in the SP). Having said that it has a lot of potential and will imo come good,just a lot of patience may be required.
cyril
kuzemko
- 09 Mar 2010 21:02
- 166 of 235
please advice.
i placed my order this morning with barclays stockbrs. quote and deal. message from brokers " problem occured please contact us or our brokers can only execute this order at best at 5.75p. i ignored it and place my order again" quote and deal" the same message came up. at the same time i was looking at live streaming. and the price was 5.75p with 0%spread, so i clicked buy and my order was executed that moment at 7p. was i a victim to high frequency trading or some thing else. it seems very odd. surely not MIFID!!! what do you think???
i have contacted bstock and still waiting for a reply
niceonecyril
- 09 Mar 2010 22:30
- 167 of 235
Sorry can't help,although i believe theires a 20 min delay i've cancelled and had an order cancelled so if you notified then within that time you may have a case to pull out of sale?
Wwhy not ask on the ttalk to yourself thread as it seems to be well read
maYbe someone may know what to do?
Search for under nowt.
cyril
kuzemko
- 10 Mar 2010 08:24
- 168 of 235
thanks,
see the price stockbroker displayed was 5.75p all happened in nano second i clicked buy the next think i know they bought it at 7p instant 30% loss
dealerdear
- 10 Mar 2010 08:40
- 169 of 235
I've got Leeds on my live streaming as I am a holder and at one point yesterday morning the offer was 7p and the bid was 5.75p. It lasted a minute or two which I suspect your order was executed.
niceonecyril
- 10 Mar 2010 09:16
- 170 of 235
kuzemko thats rough on you,but it should work out,as 6000bopd expected by end of year and 11k end if 2011?
cyril
kuzemko
- 10 Mar 2010 19:02
- 171 of 235
thanks for the worlds of support. i'm little bit angry with myself cause i had" limit" order at 5p. and i cancelled it. i never buy stocks with "at best" orders.i have a feeling it is something to do with frequency traders. if that system get full go ahead retail crowd will suffer.
kuzemko
- 10 Mar 2010 19:02
- 172 of 235
words
Ty944
- 10 Aug 2010 11:10
- 173 of 235
LDP presents quite an interesting investment prospect. It's had the sharp drop of late with a partial recovery off the bottom, but a lot of the uncertainty regarding its financial situation and operational delays may already be factored into the sp.
As the last operational update stated, Q2 net attributable production is up by 45% to 1391 boepd from Q1 958 boepd. However, operational issues still leave that short of previous expectations, with costs being incured to resolve those same issues.
Although the Company was in danger of a 'technical default' with their existing credit facility, they've now renegotiated that and still have a cash balance to address some of the issues required to bring up production.
We should be getting news any day (it was expected in early july according to the last update) for Sorrento Dome 14-1 to recommence production at around 217 boepd. Assuming it successfully comes back online, that should bolster sentiment and of course add to revenues.
We can also expect news in mid august for Main Pass 64 to come back on line.
Of course Eugene Island Well A-8 would contribute significantly to overall production, currently around 369 boepd gross from the Mid Tex zone, once the well can be recompleted to the T1 zone.
LDP still have the other Eugene Island producing assets ie Wells A-1, A-3, A-4 & A-5 as well as the Ship Shoal A-6 well producing consistently at around 1617 boepd gross (1297 boepd net).
As the May rns stated, the Deep Horizon incident doesn't have any impact on their current Eugene Island / Ship shoal operations and would only impact Marsh Island block 8 if a drilling suspension is in place when operations commence there, which wasn't previously scheduled until Q3 anyway.
The issue for PI's is whether this presents a viable investment proposition. I believe a lot of negative sentiment and uncertainty has already been built into the current sp, hence the initial drop from after the July 1st RNS.
We have very near term news due with Sorrento Dome and production expected to increase with remedial work bringing the other shut in wells back on line. A lot of the cash expenditure of late would have been used on accomplishing that end, with the existing credit facility now having been renegotiated, albeit at a higher cost.
A factor to bear in mind is that the Company do have proven assets, which may present a possibility of a takeover action, if future cash positions transpire to be more challenging.
Is the Company a good investment at current levels?
Howard Wilson, President and Chief Executive says in the latest news release - ""While we are happy with the quarter over quarter improvement in production, we expect cash flows to improve as the Company continues to execute its work program in this financial year."
Investor Chronicle said: "during January this year net attributable gas and oil production topped 1,000 barrels of oil a day. This figure could soon double and provide the company with more cash flow to drill 74 per cent of its reserves that are proven and probable but, as yet, undeveloped."
If people believe those sentiments to be an accurate reflection of how things look to transpire, it would suggest a good opportunity to secure the share at a price which should appreciate strongly. If not, they'll have to weigh a downside scenario from current levels.
It does look like many investors are watching this closely!
gibby
- 24 Aug 2010 17:58
- 174 of 235
09:51GMT 24Aug2010-Leed Petroleum surges on well boost
------------------------------------------------------
Shares in Leed Petroleum gain as much as 23 percent after the Gulf of Mexico oil explorer says its oil reserves will likely be boosted by a sidetrack well which will enable further development of the Main Pass oil field.
'Going forward, given that Main Pass has been a steady contributor to Leed's overall production we believe this to be a positive,' says Brewin Dolphin analyst Tracy Mackenzie.
Mackenzie adds that she has placed her target price under review whilst the implications of the cost of the sidetrack well and the impact on timings of other projects are ascertained.
To read more, please click on
Reuters messaging rm://sarah.young.thomsonreuters.com@reuters.net
Oilwell
- 09 Oct 2010 11:24
- 175 of 235
asset rich company if they can improve production
interesting time to buy now..
gibby
- 22 Feb 2011 08:51
- 176 of 235
lol...............
this is similar to ray - price dropped to 1.5 odd and then became a 10 bagger. This is n oil producer with assets in excess of 10p per share. Worth a punt
3 monkies
- 22 Feb 2011 08:54
- 177 of 235
Want a laugh, I paid five and a half pence for those, does that sound about right for me, no wonder I am worrying about RRL HAHA!!
gibby
- 22 Feb 2011 12:59
- 178 of 235
3m - what have you been doing dudess!! 5p here - i am very sorry to hear that - although ldp may survive and at the price earlier good i can not see 5p here for a time - rrl - not in the slightest bit worried there - my only worry is a good topping up sp with rrl - long term see that 50p - 5p here would be a serious concern - you might want to consider selling the lot at next spike and put into rrl, rrr, ggg, sxx (1 yr + for max payback) and some others - ldp at this price is a day trade - even if ldp survives the bank may not see 5p for a long while as some of there sites cost more than what they make - only a good price earlier today imo - gl
3 monkies
- 22 Feb 2011 13:38
- 179 of 235
Cheers gibby - nearly everything I have apart from (rrl) is crap at the moment, together with the state of the country and the weather but we are still breathing, that is the main thing. Hope you are all doing better than myself - you must be as you would all have hung your boots up by now. A noose is looking good for me - only joking.
Balerboy
- 22 Feb 2011 15:45
- 180 of 235
you should worry 3m i bought 110's worth some time ago at.........15p those were the days.....shan't see that again...lol
3 monkies
- 22 Feb 2011 16:10
- 181 of 235
I'm not sure who is worse off here Balerboy, I made a mistake and paid 4.2626 not 5 1/2p last July, 500 so they are worth approx. 160. You and I seem to have made some bery big mistakes but Hey Ho. You didn't happen to buy BDEV in 2009 for 144.50, or Woburn Energy in 2007 for 90p - did you? (consolidation i.e. Blackrock) and the list could continue but I won't go down that road. OHHHHHHHH SHRIIIIIIIIIIIT. I suppose there a lot of comments like 'stupid bitch' but there we go don't need to hear, I am well aware of that myself.
Balerboy
- 22 Feb 2011 16:32
- 182 of 235
i did and i have bdev at 140p and sitting here now waiting and watching......very sad
Also bought TW. at same time and doing the same with that!!!lol
hangon
- 22 Feb 2011 17:06
- 183 of 235
Both of the above - yeah done similar too....but not this one - how come sp is a ski-slope, with Oil at all-time highs?
Has management gone on holiday for the last year?
Brief tell-tale will do,.....sp looks like there are real financial problems.....anyone?