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LKO, LAKES BLUE ENERGY NL
nipper
post Posted: Mar 26 2021, 09:21 AM
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In Reply To: nipper's post @ Mar 26 2021, 08:33 AM

so, it looks like another attempt to bring life to this vehicle
QUOTE
Lakes Oil, which will soon be Lakes Blue Energy, was established in 1946 with a focus on the Lakes Entrance region. Since that time we do not believe the Company has ever experienced impacts as damaging as those in Victoria since 2012. Being taken over by Woodside in 1959, delisted and then relisted in 1985 were nothing in comparison.

The proposed change of name is deliberate as is the timing of it. Both Lakes and the industry stand at the crossroads of a new more complicated and uncertain energy future. We are aware of these complexities and uncertainties and believe that Lakes need to achieve three things to survive and prosper for another 50 years.

.


1. Within 3 years achieve commercial gas production and I refer shareholders to our presentation later today and our presentation of 16 September 2020 for the detail of this;
2. Leverage the returns from the above to
a.) Fund Company operations, including a much-needed management team;
b.) Develop the other existing assets in the Company’s portfolio; and
c.) Diversify by being at the front of identifying and promoting viable new technologies for sustainable energy supply.
3. Generate attractive returns for Shareholders.

QUOTE
• To remain relevant, Lakes MUST be part of the solution.
• While gas will continue to play an important role, both as a fuel and as feedstock, sustainable energy solutions have yet to be identified, commercialised and utilised.
• Lakes will:
...o Search for compelling opportunities: fuel cells? hydrogen? energy storage?
...o Build new and strengthen existing corporate relationships.
...o Leverage project returns to secure early involvement in promising initiatives.
...o Strive to be a key participant in a transition to a sustainable energy future





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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 26 2021, 08:33 AM
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In Reply To: flower's post @ Nov 24 2013, 07:37 PM

On February 26th, 2021, Lakes Oil NL changed its name to Lakes Blue Energy NL. Still ASX code of LKO

QUOTE
Extended production testing of the Nangwarry 1 well scheduled for mid-March 2021 following further COVID19 related delays. Test program to confirm quality, deliverability and size of Nangwarry carbon dioxide resource. 05/03/2021


...you would have to think; why would they bother?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
flower
post Posted: Nov 24 2013, 07:37 PM
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LKO holders/potential holders may like to note, (don't yet know if this is pure coincidence) but LKO and SUR now have three things in common.

1. They are both involved in the extraction of gas/oil from tight structures--- LKO in Victoria, SUR in Texas.

2. They both have Hancock Prospecting as a major shareholder, in the case of LKO to the tune of nearly 19% and in the case of SUR over 50%.

3. Both LKO and SUR have Professor Ian Pilmer on their respective boards.

Anybody any idea if this is pure coincidence with Prof Pilmer merely watching out for Gina's financial involvement, or is there anything more to it?



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Combining Fundamental comments with Fundamental charts.

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fraz2
post Posted: Nov 7 2013, 10:39 PM
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well i took a punt and exited lkog at $34 willing to buy back later



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Our greatest glory is not in never falling, but in getting up every time we do.

Great minds discuss ideas. Average minds discuss events. Small minds discuss people.
 
discodunk
post Posted: May 10 2013, 10:12 PM
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A letter from the LKO Chairman:

http://www.asx.com.au/asx/statistics/displ...;idsId=01406981

Must have been a slow day at the office. Love this from the second-last paragraph:

"I urge you as a shareholder to contact me if you have any doubts of the safety of "tight gas" fraccing as distinct from coal-bed fraccing."

Uh.. If I had concerns I probably wouldn't be a shareholder...

And how about not using the word 'fraccing' at all. Clearly it's tainted. For crying out loud, engage a PR consultant to come up with a new name for extracting tight gas and concentrate on selling the benefits to those that matter, not those with a vested interest.

 
discodunk
post Posted: Apr 23 2013, 04:45 PM
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And another one...

http://www.theage.com.au/tv/current-affair...ff-2715153.html


This coincided with the SP dropping down to .005c, hmmmm...

 


discodunk
post Posted: Apr 6 2013, 09:37 PM
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A pretty negative coal seam story on Four Corners...

http://www.abc.net.au/4corners/stories/201.../01/3725150.htm


No mention of tight gas operations, so hopefully 'guilt by association' won't be to much of an issue from this story.

 
discodunk
post Posted: Apr 2 2013, 03:30 PM
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Hmmm...


http://www.theglobeandmail.com/report-on-b...777/?cmpid=rss1

 
bermuda
post Posted: Feb 5 2013, 07:32 PM
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In Reply To: garryg's post @ Feb 4 2013, 07:25 PM

garryg,

I am loving it too. One of my 'mates' reckoned I had picked a dog. He asked me one day for a standout and I just said LKO. I think he bought in at 5 cents and it just spiralled downwards.

Every dog has it's day.


Don't hold. ( wish I did )

 
garryg
post Posted: Feb 4 2013, 07:25 PM
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Great to see the latest run for LKO.

It appears to me to be inspired by 4 main factors:

1. With NSW appearing to be becoming more open to fraccing, there is a hope that the Vic Liberals might ease their current ban and allow a 'case by case' review. This would potentially open the Wombat project up and increase the chances of a commercial project.
2. Gina has brought $$$$$ to the table, and is seen as a reputable large company.
3. Alex Downer provides lobbying access and power to the Liberals (hence the issue of fraccing)
4. With Gina, Armour and Beach all in the wings, suddenly LKO looks to have more clout than a typical penny-dreadful.

I am not in LKO. I'm sticking to my BESBS strategy as I don't know when Wombat will be given the 'ok' by the Vic government. That said, it is great to see many longer-term and medium holders getting some capital back/profits. It is also a great sign for the junior explorers in general...punters are now becoming more prepared to take a punt in this sector.

All the best to holders.


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