Leed acquires, explores, develops and operates oil and natural gas properties offshore of the United States in the Gulf of Mexico and onshore in the Gulf Coast region. At December 31, 2008, Leed owned mineral interests in 17 blocks located in federal waters off the Louisiana coastline and one onshore field.
Leed was admitted to the AIM Market of the London Stock Exchange ("AIM") on August 15, 2007 and trades under the symbol LDP.
Post Period Update
Howard Wilson, President and Chief Executive of Leed, commented, "The period under review saw a large increase in production from our assets on the Eugene Island field which will translate to revenues over the coming months. Leed is therefore in a very strong position in terms of reserves, cash flows and group borrowing facilities to grow the business."
With the global economic conditions continuing to impact, Leed is adopting a cautious approach to our short term drilling plans, however the Board believes these conditions will present major opportunities to grow the business more rapidly. We therefore look to the future with confidence."
Most Popular Articles
From the Career Center
Jobs that may interest you