»

[Annie Ao]

High level of trading today... Price up over 21 %

[topman]

Leed Petroleum (LSE: LDP.L - news)

Smallest oily on the list Leed Petroleum is valued at just £18.6m at the mid price of 2.75p.

In exchange for this, investors are buying into various E&P assets in the Gulf of Mexico. The recent operational and financial update was more positive on the former than the latter, hence the continued lack of share price progress. On the cash front, we're told that Leed "continues to work on adjusting its plans to ensure that it can execute on its development and exploration program".

If successful in these endeavours, the company could see a rapid rise in price which better reflects its huge proved reserves.

[topman]

Why is this stock currently trading at 2 p giving a market capitalisation of £13.05m when there is proven reserves of $242m not even taking into account the proven/probable reserves etc etc as can be seen below ??????


Reserve* Oil & Liquids Gas Total Oil & Gas NPV10
Category (mmbbls) (bcf) (mmboe) (mm$US)*
1P 3.92 37.0 10.09 242.1
2P 6.37 80.0 19.70 438.0
3P 12.66 166.2 40.36 812.3
3P+Prospective Resources 15.79 324.4 69.86 1236.8



Reserve Definitions*



1P - Proved Reserves

2P - Proved and Probable Reserves

3P - Proved, Probable and Possible Reserves

3P+Prospective Resources - Proved, Probable and Possible Reserves plus Prospective Resources

[topman]

LEED PETROLEUM(LSE: LDP.L Ticker: 1YWMM4 / ISIN: GB00B1YWMM41)


Last Trade: 2.035
Trade Time: 16:12
Change: 2.0131 (9,192.24%)
Prev Close: 0.02
Open: 2.01
Bid: 2.01
Ask: 2.20
1y Target Est: 0.16
Day's Range: 1.988 - 2.25
52wk Range: 1.70 - 6.25
Volume: 1,649,904
Avg Vol (3m): 2,188,010
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: