Leyshon Resources confirms fracking needed at ZJS5 well; shares plunge

The share price of Leyshon Resources plummeted 22.73 per cent to 14.88p at 08:44 on Tuesday morning following an update from the AIM-listed mining company.

The share price of Leyshon Resources plummeted 22.73 per cent to 14.88p at 08:44 on Tuesday morning following an update from the AIM-listed mining company.

The company announced that its wholly-owned subsidiary Pacific Asia Petroleum Limited had completed flow tests on two of the previously identified potential pay zones in well ZJS5 in China.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.