LKO 0.00% $1.00 lakes blue energy nl

no..no..no..no......no....ah.....yes, page-3

  1. 432 Posts.
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    What a crock!
    LKO have already spent $100 million to find the gas at Otway and the Wombat wells (which by the way still stand ready to be put into commercial production and we still have a current reservation permit for those reserves).
    The Otway fields had already been seismically surveyed and the probable huge gas structures identified....all they have to do now is to drill 2 wells as they have requested on numerous occasions to prove those reserves.
    If you follow LKO you will know that Rob Annells had the seismic data analysed in the US and that was one of the arguments that Roland Sleeman used to argue that Annells should be removed as CEO.
    Whatever the outcome of these gravity surveys by the Andrews government it will only confirm the existence of the potential gas fields and will be a huge waste of taxpayer money.
    Since when is it the function of a government to spend millions to explore for hydrocarbons when the private sector has to pay for the issue of an exploration permit....in this case LKO have been paying permit fees for years and already located the gas and have been screwed over for five years now.
    And surprise! surprise! we now have a judge that cannot make a decision for 6 months to add to the delay.
    Airborne gravity survey or seismic survey... they still have to DRILL THE WELLS TO PROVE THE RESOURCE...what does it take to get that through their thick skulls?
 
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