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

Scot, market unsettled at this minute so until it quitens down who knows? I believe the result of the primary target(due next month) will have a lot of effect on the SP,fngers crossed but still a good company with some great assets and only
recently won at auction two more blocks.
cyril

good increase today......this should rise just on oil price alone

going even higher! come on cyril, smell the money

come on cyril.....stop working, its almost 5pm.....u must be about last british person working in uk, lol, haha.

sp hit 72p at 1 point but still a great day.....count your cash tonight cyril

Scot iv'e been out making the most of my retirement, on the golf course.
Nice to see the company bring noticed and with it the SP.
cyril

Another good day for Leed shareholders. I am planning to get the header updated with all the latest details but busy with work so could take a few days.

Well today gave a good example of that the market doesn't go up in a straight line,
proably a fair bit of profit taking. The importent thing to remember is the fundamentals are (more than) good, so keep faith and come the year end, just
rewards will be there?
aimho
cyril

jes, at this rate it will be 49p again prior to announcement....i was 72p at 1 point on monday, now its 60p only 2 days later....this share is volatile

I had hoped we might get a bit back today, but the persistent seller is still there in the background feeding the market with stock and selling into any strength.

http://www.oilvoice.com/n/Leed_Petrolium_Provides_Golf_of_Mexico_Drilling_Update/4569930f.aspx
cyril

"The Company (LDP) is planning to run casing to the current depth, and drill ahead to penetrate the primary objectives. Drilling remains on schedule to reach total depth in the third quarter of 2008."
Might see the sp drift a little now imo, until next drilling update. Tricky to know where the support level is for a top up.

its drifted 10p or more already/ it cant go much further as it will be a screaming buy

Scot i normally work on a 25/33% rerating after the hot money has left,think that
might be a little harsh but we could see something close to the mid 50's?
aimho
cyril

bit of good news to get this back up to 70p plus again

This is what i believe you mean?
http://www.investegate.co.uk/Article.aspx?id=200806171542479284W
cyril

http://www.investegate.co.uk/Article.aspx?id=200806200700031495X
Another cracking update.
cyril

This company is building a very nice portfolio of assets and in the coming months will imo see some excellent rewards via the SP.
http://www.investegate.co.uk/Article.aspx?id=200807010700129453X
cyril

Just cann't believe theirs so little interest in this company whose assets are in the US of A, "WHAT DO THEY HAVE TO DO" ?
This really is a great company in the making and will be adding to the 2000bopd,
"within this quarter".
cyril

RNS Number : 2062Y
Leed Petroleum PLC
03 July 2008

Drilling Update


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.

As announced by the Company on 20 June 2008, after drilling of the original wellbore was completed, electric line logs confirmed the existence of six sands containing a total of 125 feet of true vertical thickness pay. The well has now been sidetracked through four of the six sands encountered in the original wellbore to a measured depth of 15,396 feet. Logging operations in the sidetracked portion of the wellbore have been performed and confirm 124 feet of true vertical thickness of pay in the four sands, which is 56 feet more than that encountered in the original wellbore. Accordingly, in total, the Eugene Island A-7 well has 181 feet of true vertical thickness of pay in all six pay sands.

With drilling now concluded, the Company is working on casing and completing the Eugene Island A-7 well for production from one of the primary targets, which has 41 feet of true vertical thickness pay. The first sale of production from this zone is expected to occur during this quarter of 2008.

Upon establishment of production from the A-7 well, Leed intends to use the Ensco 98 drilling rig at Eugene Island to drill the A-8 well.

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:

'The sidetrack of the A-7 well has been a great commercial success and should add substantial reserves and materially increase Leed's daily production rate once brought on stream during this quater. Not only did the A-7 well exceed our expectations in each of the two primary objectives, it found commercial reserves in four additional zones. With these results, our technical team is now working diligently to incorporate further low risk development projects from this field into our near-term drilling programme'.

Max i think our 6000bopd end of year is very very conservative considering this latest update?
Here's to a "gift horse"
aimho
cyril