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

Hi Max, almost posted this am my feeling it was about time for some news, but
refained. Missed this news as i was golfing, amazing that trading pattern.I'll be
interested to see how things pan out tomorrow?
cyril

http://www.investegate.co.uk/Article.aspx?id=200802080700415822N
cyril

Since this thread started, the news has been exclusively good with hints about more positive news to come, yet the SP has barely moved.

Today's news is again positive. Yesterday's was very important I feel and I'm surprised that there was no rise. Leed got a brief mention in today's Times, so maybe a few more buyers will prompt a rise today.

Leed Petroleum PLC
28 February 2008

Leed Petroleum PLC
('Leed' or the 'Company')

Drilling Update


Leed Petroleum PLC, the oil and gas exploration and production company focused
on the Gulf of Mexico, announces the successful drilling of the secondary target
zone on the Eugene Island A-6 development well, which was spudded on 16
September 2007.

Analysis of the well logs acquired over the secondary target zone indicate a
productive gas reservoir has been encountered with approximately 51 ft of true
vertical thickness pay.

The encouraging results for the secondary objective are in addition to the
successful drilling of the primary target, which was announced on 7 February
2008. The secondary objective is a new discovery and until further analysis has
been carried out, the Company is not in a position to estimate any reserves
attributable to this zone.

The well has reached a measured depth of 15,876 feet and drilling continues
ahead to the third and final target zone. On completion of the drilling, Leed
will case the remaining section of the A-6 development well and carry out
production tests to determine flow rates. The refurbishment of existing
facilities to accommodate production from the well is in the final stages and
the Company expects to begin producing hydrocarbons shortly after well
completion.

The Eugene Island Blocks are located 50 miles offshore, south of Morgan City,
Louisiana in the Gulf of Mexico in approximately 80 feet of water. Leed's
management team has built an inventory of development projects and exploration
targets across the Eugene Island Block 183/184 field.



Howard Wilson, President and Chief Executive of Leed Petroleum PLC, commented:

'We are very pleased with the discovery at our secondary target and continue to
drill ahead to test our final exploratory zone. Re-commissioning of the
existing production facilities is nearly finished and production from this well
is expected to occur shortly after well completion.'

The information contained in this announcement has been reviewed and approved by
Chris Thompson, Manager of Business Development at the Company who is a
reservoir engineer (SPE) with over 15 years experience within the sector.

Max a very pleasing result, this lower level can be classed as a new field. Not
sure the total depth of this well, but hopefully by the end of March it will completed along with testing, and production will follow shortly afterwards.
cyril

Guardian: "On AIM, Leed Petroleum rose following a positive drilling report. The company said it had successfully drilled the secondary target zone on the Eugene Island A-6 well in the Gulf of Mexico. Leed continues drilling to penetrate the third target zone. The news helped Leed's shares climb 5p to 40.50p."

Times: "Leed Petroleum rose 5p to 40p on finding a second gas reservoir underneath the first one it found in the Gulf of Mexico. In a few weeks it will have drilled down to its third target and will start pumping the first reservoir."

In the world's best value investment mag, Shares Magazine (of course), there is an article on Leed Petroleum this week. Go and buy it!

Leeds Eugene Island find
Gulf of Mexico-focused Leed Petroleum (LDP:AIM) has made a gas discovery at its Eugene Island A-6 well.

The company announced that it had successfully drilled the secondary target on the well and, having reached a depth of 15,876 feet, drilling will now continue ahead to the third and final target zone.

CEO Howard says: 'The results, when we have them, will have a very positive impact on the company and should result in substantial additions to our reserve base. Recomissioning of existing production facilities is nearly finished and production is expected shortly after well completion.'

The share price slicked up around 14% to 40.5p in response to the update.

Leed Petroleum PLC
10 March 2008

Leed Petroleum PLC

('Leed' or the 'Company')



Drilling Update and Report on Future Drilling Activity


Leed Petroleum PLC, the oil and gas exploration and production company focused
on the Gulf of Mexico, announces the completion of drilling of the Eugene Island
A-6 development well.

This well targeted one development and two exploratory objectives. Previously,
the Company announced that commercial production was found in the development
and first exploratory objectives.

The second exploratory objective has now been logged. The logs indicate six
feet of (net) pay for this zone which will add only marginally to reserves. The
Company intends to conduct further study over the coming months to determine if
drilling another well to this same reservoir in search of thicker pay is
warranted.

Overall, the A-6 well is a substantial economic success. The Company estimates
that reserves from this well are more than double the pre-drill estimate
prepared by the competent person at the time of admission to AIM. At that time,
the competent person, an independent reservoir engineering firm, credited the
well with total (gross) 2P* reserves of 824 thousand barrels of oil and 4.8
billion cubic feet of gas.

The Company is working on completing the well for production from the first
exploratory target, log results from which indicate 51 ft of true vertical
thickness pay. The first sale of production from this zone is expected to occur
in April 2008.

Upon the establishment of production from the A-6 well, Leed intends to use the
drilling rig at Eugene Island to drill the A-7 well. This well will target two
primary pay zones in a separate fault block of the Eugene Island field.

The Eugene Island Blocks are located 50 miles offshore, south of Morgan City,
Louisiana in the Gulf of Mexico in approximately 80 feet of water. Leed's
management team has built an inventory of development projects and exploration
targets across the Eugene Island Block 183/184 field.

Howard Wilson, President and Chief Executive of Leed Petroleum PLC, commented:
'We are very pleased by the results of our first well in the drilling programme.
The A-6 well is a significant commercial result, adding substantial new 2P
reserves and materially increasing Leed's daily production rate once brought on
stream in April.

Our drilling programme will now move to the even more promising Eugene Island
A-7 exploration well, which we are on track to spud in April this year.'



10 March 2008

Covered on Energy Current website.

http://www.investegate.co.uk/Article.aspx?id=200803130701089964P
cyril

Howard Wilson, President and Chief Executive of Leed Petroleum PLC, commented:

'We are pleased to have completed this acquisition, which incrementally adds to
our existing revenue and production base in the Main Pass field. This
acquisition will make a positive impact on our operating results and offers Leed
the opportunity to increase its interest in significant exploration potential
existing within the field.'

http://www.investegate.co.uk/Article.aspx?id=200803170703222181Q
cyril

Also this reserves update RNS

"The Company has announced previously that the A-6 well is a substantial economic success, and the Company can now confirm that 2P* audited reserves are more than three times the pre-drill estimate, as opposed to the more than two times the pre-drill estimate announced previously. Progress continues to be made on the completion of this well, and it is expected to begin producing in April 2008 at a rate of approximately 6 million cubic feet of gas and 600 barrels of oil per day."


Great stuff!

Upwards pressure building. Now up 4% today.

EnergyCurrent.com : "Leed's reserves at Eugene Island A-6 are three times estimate"

http://www.energycurrent.com/index.php?id=2&storyid=9479

I've added the schedule published in the last RNS to the header.

Leed are again covered in Shares Mag's Prospector section today.

A-6 tested successfully. Production has begun.

======================================

10 April 2008

Leed Petroleum PLC

('Leed' or the 'Company')

Eugene Island Well Completion and Flow Test


Leed Petroleum PLC, the oil and gas exploration and production company focused
on the Gulf of Mexico, today announces the successful well completion and flow
testing of the Eugene Island A-6 well.


The Company has successfully perforated and commenced production from the deeper
of the two commercial zones intersected by the well. Following an initial 21
hour clean-up flow period, this deeper zone, which had 51 feet of true vertical
thickness net pay, was tested to sales over a 4.5 hour period through a 12/64'
choke at a stable restricted rate of 6.168 MMCFD and 1,146 BOPD with 0 BWPD with
a flowing tubing pressure of 8,513 psia.


After the drilling rig is repositioned in preparation to drill the Eugene Island
A-7 well, the Company plans to return the A-6 well to production and conduct
ongoing well testing to determine the optimum long-term production flow rate for
the well.


Howard Wilson, President and Chief Executive of Leed, commented:


'Commencement of production from the Eugene Island A-6 well is a very
significant milestone for the Company. Results of the well have proven that our
exploration concepts for the property are valid and have lowered the risk
profile of additional prospects in the field, which we intend to pursue.
Production from the well is significant and will greatly increase Company
revenues, particularly in light of the continued high price environment. We are
moving to spud the very promising Eugene Island A-7 well in the coming days. '

From The Times:

======================

Leed Petroleum climbed 2p to 41p after completing its well in the Gulf of Mexico.
The well flowed at a rate that could double the companys overall oil production.
Matrix initiated coverage with a price target of 89p

======================