LCK - within yesterday's announcement & associated press that followed the following stand out...
- One of eastern Australia's largest undeveloped and uncontracted gas reserves on par with mining giant BHP's east coast 2P Gas Reserve
- The reserves within its Leigh Creek project are approximately the same size, on a 2P reserve basis, as the entire Cooper Basin
- The company holds a larger 2P reserve than the Otway, Bass, Gunnedah, Clarence-Moreton and Galilee Basins combined
(Emphasis added by myself)
IMO This will raise the eyebrows of serious O&G heavy hitters & also IMO there is nothing any of us minions here on HC can do to get in the way of an absolute avalanche of buying given the sheer size & strategic importance of the asset to the east coast gas market.
Should be fun & reminds me of the huge multi-day re-rates the likes of GLL / GAS / CVN received upon their initial discoveries...
