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

Asset Summary

Operations Map

Oil Price

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

hangon - basically ldp in debt needs to be settled by 31/3/11 and a principal payment of $12M usd is required, likely firesale of some / all assets actual & potential imo, cost more at many sites to produce than what they sell it for, effectively all assets (or a lot of them) probably up for sale unless another deal can be cut - much more to it than that but just some of the problems -

extract today's rns:


'The Company announced on 23 December 2010 that it had commenced a strategic review process and had retained Macquarie Tristone (Macquarie Capital (USA) Inc.) as financial advisor to assist with this review. It was further announced that Macquarie Tristone would undertake a review of a broad range of strategic options, including but not limited to divesting some or all of the Company's oil and natural gas assets, securing a new bank credit facility and / or other potential transactions such as a merger with another company. The Company also announced, on 25 November 2010, certain amendments to its credit facility with its bank, UniCredit Bank AG ("UniCredit"), which require the Company to make a principal payment of US$12 million on or before 31 March 2011. '

ldp i believe values itself at around $240m but likely to get only $50m if they can find a buyer - market cap btw nowhere near

after saying all this ldp may strike a deal and get a result no matter how unlikely - if so watch the sp fly - maybe not to 5p but double or more today's levels?

Oh! Many thanks for posting that. The noose does not seem a good idea (someone might miss me). Would not mind loosing 100 or so and I shall be watching the sp. Heart goes out to balerboy on this one as well as............................. umpty dumpy other disheartenly things that we must if honest be in.

as I said was only a punt of 110 so no loss had it been 10000 that noose might have round my banister ....lol happy days.,.

...Round your bannister....? Are you trying to impress 3m, bigboy? ;o)

NO!! it's because I'm a short ass and can't reach the chandelier.,.

StockMarketWire.com
Shares in Leed Petroleum (LON:LDP) soared after it announced it had taken a 17.5% interest in Manas Coal Limited Liability Co.

Manas's main activity is the exploration and development of coking coal resources and deposits within the Kyrgyz Republic.

Leed has advanced a sum of 750,000 to Manas by means of a loan.

Leed will also issue 166,666,667 ordinary shares to existing shareholders in Manas at a price of 0.15 pence per share, with an aggregate value of 250,000, together with 166,666,667 warrants to subscribe for new ordinary shares in Leed at a subscription price of 0.15 pence per share, in consideration for a 17.5% share in Manas, which is being acquired from certain existing shareholders in Manas.

Leed will have the right to participate in further fundraising rounds undertaken by Manas up to an agreed threshold amount and shall have the right to appoint a director to the board.

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One that has gone well at last.

Not for me it hasn't DC. First bought 11730 for 4.6p each in July 2010 - consolidation on 22.6.2011, now own 1173 shares at 42.6258 each - how well is that? Sick as a parrot. At least it didn't go bust.

Sorry to hear that 3 monkies. My brother gave me the tip while on hols. He purchased
some for me a couple of days ago and sold before i got home today.In and out.

Good for you.

I also question some of mine have fallen such a %, will they ever recover. Can only hope.

dc not a bad day here for you???

I wish gibby. Sold them out sept. Starting to get annoying having a lot of money
locked up and missing this 50% rise. This is easy money being missed.

Made a very good profit then.

sorry to hear that dc - but at least you made profit at the time - strong danger of peeps being locked in here - i keep seeing a 48p target mentioned!!! money to be made here for sure as already have however this is quite a complex situation - gl

Going well today. cant win them all. :-(((((((((((

Yes i can just a small punt.

Crazy in profit 54% up.

In and out, started to fall.