Lonestar Res Ltd New LNREF

Nice gain in Aussie last night- Up 13.5%

[MDICKIRS]

Nice move and I think the AUD/USD exchange has bottomed and the AUD is getting some back on the USD which helps LNREF

[jerrybe]

The operational update was very positive in the context of the ongoing slump in oil prices.  The overall  bearish oil market is probably going to continue for a while. It would be interesting to see how Russian E&P firms fare at these low prices and whether they will also cut back production.  At this point, the investment thesis hinges upon the recovery in oil prices and

[MDICKIRS]

Jerry, agree timing is Key. Seems like OPEC is finally showing signs of blinking. New Coverage on Lonestar has a .24 target. We get a recovery in oil in the next few months to $55 or so we should exceed the $0.24. I continue to load up on shares here in the teeens. 

[jerrybe]

I just bought today after the press release, which can only be qualified as great within the context of these low prices. This management is doing everything right. It is clearly making small bolt-on acquisitions from weaker players around them. Well performance is at or above curve everywhere they drill. Financing is secured. Operating cash flows will more or less cover drilling costs. Drilling