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

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.

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

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?

3ms - well you never know whats round the corner - look at wet today - i thought that was never gonna go anywhere then south african goverment finally making a decision of sorts & last couple of days up she goes - now i have a dilemma with wet - do i buy back in on the spike and risk getting locked in or leave it entirely because i was a fan of wet sometime ago - it was good for trading and if the deal in SA comes off that in itself is good but could go global with their proven technology and make wet massive - will be watching carefully there - the same with ntog in the doldrums for an age then up she goes - so never give up hope - (unless its ldp -LOL LOL!!! that was a joke btw!) i'm doing ok at the moment but my real danger is myself - been over confident when doing well then make a bad decision or 2 (3, errrm maybe 4 LOL) but yep doing ok and i am sure you will too apart from yell!! (another joke!)

rrl - stick with it dudess - puntland, trini, goerg. derisked much by texas et cetera

got some more rkh today but i would not recommend buy for rkh (i know why did i buy it then!) because i am prepared to lose big there equally make big as it is quite a risk if turns out to have no more finds - but you have had some bad luck would not want to add to it if rkh only find water

bb - ouch! 15p - you could probably buy ldp for that now and have change!! lol - good for trading though - gl

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