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LKO, LAKES OIL NL
santina
post Posted: Aug 26 2012, 08:39 AM
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In Reply To: pete152's post @ Aug 24 2012, 06:24 PM

Sorry Gary..my mistake. I only read the first notification from ASX and did not scroll down to LKO's announcement.

 
santina
post Posted: Aug 26 2012, 08:39 AM
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In Reply To: pete152's post @ Aug 24 2012, 06:24 PM

Sorry Gary..my mistake. I only read the first notification from ASX and did not scroll down to LKO's announcement.

 
pete152
post Posted: Aug 24 2012, 06:24 PM
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In Reply To: santina's post @ Aug 24 2012, 06:21 PM

I do not think it is the last one! It says they are waitning on an anouncement from the Vic Gov, what can that be??



Cheers,

Peter



--------------------
www.gettrapped.com
 
santina
post Posted: Aug 24 2012, 06:21 PM
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In Reply To: garryg's post @ Aug 8 2012, 09:07 PM

What will be the new announcement?????



1..Gone into liquidation



2..Being taken over


3..STRUCK OIL:)


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garryg
post Posted: Aug 8 2012, 09:07 PM
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In Reply To: santina's post @ Apr 27 2012, 07:47 AM

Waiting on BPT to get moving with Wombat. Might be a while yet but should be this half.

At .004c, the leverege is appealing (when they finally get to the Wombat!).

Holding at .0042c ave

 
santina
post Posted: Apr 27 2012, 07:47 AM
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In Reply To: garryg's post @ Apr 26 2012, 09:31 PM

.01 cents sounds good biggrin.gif

 

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garryg
post Posted: Apr 26 2012, 09:31 PM
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Drilling report out.
So far so good but slower than anticipated. Next week should be very interesting.

We should get close to target zones around mid-week. I also believe that Armour will announce that Holdgate-1 will be drilled shortly after Morey. I'd almost expect an immediate announcement if Morey is a duster; if not, LKO might leave it a day or two for the SP to run on success at Morey and then try to continue any positive SP momentum.

Hoping to see .01c touched next week???

Holding LKO at .0048c ave.

 
garryg
post Posted: Apr 23 2012, 07:23 PM
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Nice to see .009c being nibbled at. biggrin.gif

Still holding LKO at .0048c ave


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garryg
post Posted: Apr 20 2012, 03:41 PM
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I'll be watching this one for around a week, hoping for an early indication of hydrocarbons/early gas shows. If not, I'll sell out my recent .006c and .007c stock (see post 4.4.12) and lock in profit. Might be tempted to leave the .004c stock as LKO will recover into Holdgate and Wombat. In many ways, Morey is an entree to the main course.
When the Victorian media get a sniff of Holdgate (a positive result, although I believe unlikely, might suggest a migration of oil from off-shore Gippsland Basin) and then Wombat, a gas source near the energy hungry Melbourne market, then we will see real SP action IMHO.

DYOR...
Holding LKO at .0048c ave. biggrin.gif

 
garryg
post Posted: Apr 12 2012, 05:50 PM
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Good news indeed...the start of an exciting 6 months for LKO.
From today's announecment:

"LAKES OIL AND NEW PARTNER ARMOUR ENERGY
TO DRILL IN OTWAY’S “HYDROCARBON FAIRWAY”
APPROVALS IN PLACE – RIG ON SITE
EXPECTED SPUD DATE 18TH APRIL 2012
"Directors of Lakes Oil N.L. (LKO) and its new partner Armour Energy Ltd advise that they intend to drill Moreys 1 (potential gas well) located in PEP 169, onshore Otway
Basin, Victoria, commencing 18th April 2012...Total depth is programmed to 2000 metres. Estimated depth to primary target
(Waarre ‘C’) is approximately 1740 metres.
The conventionally drilled well is expected to reach target depth in approximately 10 days. A commercial gas discovery in Moreys 1 could result in early cash flow to Lakes Oil and its partner Armour Energy Ltd, subject to suitable gas sales agreements..Known gas fields in the close vicinity, such as McIntee, Fenton Creek and Mylor fields operated by Origin Energy have similar AVO and amplitude anomalies to Moreys prospect."

Holding LKO @ .0048c biggrin.gif

 
 


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