Ann: Lakes Oil to Appeal Judgement, page-26

Originally posted by charlie boy

Yep Kuddles.
With in that statement it goes on to say "50% probability". With that much proven gas the government wouldn't have banned drilling in that area, as the tax income would be huge. LKO has always come up dry. Tell me Kuddles, have they made any income on drilling since they formed? When they consolidate and the price drops, l may then look at buying.
At 1.3M in the bank, they will have to go back to the shareholders for more money, with the drilling program planned in other states.
Go easy on the retard ol mate, as you may live in a glasshouse.

For a start I am not your ol mate....such a typical bogan expression.

Read all the Oshore Inquiry submissions and educate yourself on the information given to the government but ignored by a grossly incompetent panel. Andrews key point was the record number of 1,800 submissions received...you could have thrown 95% of them in the rubbish bin the content was so poor.

You ignored the Wombat fields and the fact that the Victorian government issued reservation permits that are still valid....LKO would be a gas producer if it where not for the unexplained widening of the moratorium. Read my previous posts re the comment made by the then resource minister Russell Northe that LKO should never have been caught up in that decision.

You also fail to mention the Otway region where two conventional wells will prove the huge resource.....with no risk to the region as proven by the previous four unconventional wells drilled under exemption to the moratorium by Origin.

Your quote "LKO has always come up dry" gives you away....what a stupid comment....something usually associated with Daniel Caffery and his anti everything LKO mob.