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

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

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

A-7 spudded on 17 April: http://www.investegate.co.uk/Article.aspx?id=200804180700436138S

Yes a deep well which will take quite a whila to drill,if successful then this will
turn out to one very cheap stock?
cyril
;max if you click on the chain link above the posting box you'll get,http://www.investegate.co.uk/Article.aspx?id=200804180700436138S

http://oilbarrel.com
Look for press releases.
Good write up and for me this undervalued i will increase my holdings as
funds become available.
cyril

It is worth knowing that S/Widows has over the last few months increased its
holdings from 8.5m to 10.1m an increase of 1.6m shares.
cyril

Drilling Update

RNS Number : 1353V
Leed Petroleum PLC
22 May 2008


Leed Petroleum PLC
("Leed" or the "Company")
Drilling Update
23 May 2008
Leed Petroleum PLC, the oil and gas exploration and production company focused on the Gulf of Mexico, announces an update on the drilling activity at the Eugene Island A-7 well.

The Eugene Island A-7 well was spudded on 17 April 2008 and as at 22 May 2008 had reached a measured depth of 13,958 ft. Drilling continues towards the development and exploration objectives and remains on schedule to reach total depth in the third quarter of 2008.

Electric line logs have confirmed that the Company encountered 34 feet of true vertical thickness pay while drilling the Eugene Island A-7 well. The Company had previously identified the formation as a zone of interest but it was not a primary objective of the well. The Company will continue to evaluate this sand as drilling continues toward the primary objectives.

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 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 pleased to have found pay in the A-7 well before reaching any of the targeted objectives, which offers potential further upside from the well. While the discovery of this zone is good news, drilling continues and we await the results of the more promising objectives at deeper depths."


For further information:

Leed Petroleum PLC
Howard Wilson, President and Chief Executive +1 337 314 0700
James Slatten, Chief Operating Officer +1 337 314 0700

Matrix Corporate Capital LLP
Alastair Stratton +44 20 7925 3300
Tim Graham +44 20 7925 7852

Pelham Public Relations
Alisdair Haythornthwaite +44 20 7743 6676
Evgeniy Chuikov +44 20 3008 5506

VMax thanks my link doesn't work?
cyril

For anyone looking for a oiler with lots of potential and in a safe country(USA)
here's an excellent and througher article by an experienced and well respected
investor in the section.
http://boards.fool.co.uk/Message.asp?mid=11071685
cyril