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LKO - Lakes Blue Energy

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LOL i see that it closed at .006 ....... silly bugga in auction needed to cut a cupl off his order then EVERYONE would got them at .005 .

better send him the "idiots guide to action ettiqette "

lol blessim

i hold at .005 . vols very intresting .

punt only
 
BESBS Player said:
Volumes have been up at times during the last week. Rob Annells has just bought $76k of LKO. Suspect that Q2 might have some news
Click to expand...

Your a legend, lets hope we can make some money on this!


YOUNG_TRADER said:
The following LKO ann on its Wombat Gas deposit
http://imagesignal.comsec.com.au/asx...f/00896456.pdf
Click to expand...

This seems to be a dead link or need a User name and Password, can you oblige with them and the correct login page?


YOUNG_TRADER said:
Just throwing some thoughts out there, volume is ridiculous smells of insiders
Click to expand...

Just Day-Trader speculation at this point!

If there is Insider Action here, what can you achieve by telling us the obvious? Perhaps it might be better for your financial future to make friends with these Insiders than looking at them and their friends in the eyes in a court room. :badass: If you have no friends on the inside, you have to ask your self a SERIOUS question; Why are you Day Trading at all? :horse:

Lets hope LKO has another one of it's 5 year Spikes, say 5 Cents would be nice, but "Dreams are free".
 
Something a bit off topic, heres a brief profile on the Chairman of LKO:

Robert Annells is the non-executive chairman of the Company. His experience includes extensive provision of corporate investment advice to the business and resource industries. He is chairman of Lakes Oil NL and was formerly a member of the ASX having been in the securities industry for more than 40 years during which time he was Managing Director of Credit Lyonaise May and Mellor and a director of Dawa Securities SB Capital Markets Stockbroking Limited.

He's experience is in securities not in oil exploration, if he's buying up in volume just 2 days ago with his retirement fund (he's 68, nearing retirement age), my guess is something is about to release soon (good or bad).

He's also the chairman of Minotaur Explorations, which discovered OZL's Promenant Hill.
Funny though, none of the directors on board has Oil/Gas background...
 

Ummmm just making an observation here mate, I've noticed with most pennies they are like leaky boats when it comes to info, who knows maybe it is just day traders, if I knew I'd be a gagillionaire but sadly I am not

Not sure what the rest of your post is about


Hmmmm UPKA interesting thoughts, if something does come out in the next few days I'd say that ASIC and the ASX will have a few questions for Mr Robert Annells (assuming he was the one that did the 19M buy) query the timing of his buy


Anyhoo will be interesting like many other stocks to see whats going on here
 
 



would that be classed as as unbiased ramp or just an observation...............so many dogs gettin floaties its scary.
 
YOUNG_TRADER said:
Hmmmm UPKA interesting thoughts, if something does come out in the next few days I'd say that ASIC and the ASX will have a few questions for Mr Robert Annells (assuming he was the one that did the 19M buy) query the timing of his buy
Click to expand...

Im sure you've seen it more than I did, ASIC often turn a blind eye on those small insider traders especially with micro caps. insider trading is often difficult to prove, and even if it goes to court it'll prob get thrown out for the lack of evidence, Director can just say that he had spare cash laying around and wanted to invest in the market during this "bull run".

bt anyways, i think i might be getting too far ahead of myself. only time will tell...
 
Company announcement, been issued a speeding ticket:

a. There is an increasing awareness within the market and the petroleum industry about new
successful technologies being used in the recovery of gas from “unconventional” reservoirs.
Lakes Oil NL’s tight gas activities in Gippsland are prime examples of such unconventional
reservoirs in Australia.
The increased awareness is illustrated by the large numbers being paid for Coal Seal
Methane reserves (unconventional gas) in Queensland, together with corporate activity within
the sector.
Also in Western Australia a “tight gas” exploration well, “Warro” is currently being drilled using
similar technology used by Lakes Oil NL in Gippsland, which again is an example of
increasing interest in unconventional gas.
b. With the above in mind, on 29 October 2008, Lakes Oil NL released an announcement
indicating a 2C reserve of 293 Bscf, which was compiled by Gaffney Cline & Associates. An
independent asset evaluation of this report was conducted by Palliser Strategic Management
and Langusch & Associates. Based on a range of in situ risk-adjusted values calculated from
the project modelling and implied trade sale values from recent CSM activity their P50 value
range for the Wombat Field 2C resource case is between $A50million-$A88million.
Internet Site: www.lakesoil.com.au
Email Address: lakes@lakesoil.com.au
c. Lakes Oil NL is currently capitalised in the market at approximately $16million and currently
has approximately $6million in cash and liquid assets.
 
Loved today's announcement by LKO.

1. Re-confirmed the opportunities at Wombat. Remember that some of these are appraisals, so chances are better than pure exploration. After all, knowing the previous flow rates, LKO management would hardly re-test if they did not think commercial flows were not possible.

2. Still plenty of cash

3. No mention of management buying shares being a buy signal??? LOL

4. LKO had to announce they are unaware of news. If they did acknowledge, it is insider trading. This now gives the LKO SP time to re-trace a little and others to get set. Can't see any news out now for a few weeks - got to make sure that there is some gap between management purchases and drilling update.


Holding plenty, so DYOR
 
Hi all,
Have been watching this stock lately with interest. Also, picked up a few shares last week with the intention of holding LT. This co has run hard in the past, up to 7c a few years back. With a positive ann from Wombat drilling and strong market interest in the gas sector - this looks like a worthwhile purchase.

There was some discussion earlier regarding a potential jv partner for LKO - would welcome any thoughts as to who might be a likely candidate, if at all? Perhaps some of the attention LKO has been getting recently relates to this?? Anyway I'm sure we'll find out soon enough.

cheers!
 
JEZ is right...
BESB'S player is a legend...
He makes it look toooooo easy with his disciplined approach to risky oilers.........

.^sc
 
Not sure how I got away with less than 100 characters...Mum always told me I was special

I am watching LKO closely though. I think their tight gas is interesting and the spare cash on hand.

Does anyone think is the testing for tight gas at Warro goes well, that LKO could get some more attention? Considering they are of similar nature.

Not holding LKO.
 

YOUNG_TRADER said:
Hmmmm UPKA interesting thoughts, if something does come out in the next few days I'd say that ASIC and the ASX will have a few questions for Mr Robert Annells (assuming he was the one that did the 19M buy) query the timing of his buy
Click to expand...

Yeah really agree with that last bit, news I would have thought would be at least 2 weeks off that way the directors buy doesn't look suss

Although its not a concrete rule to follow (as it assumes that directors are savvy investors) the old adage goes directors sell for many reasons but they only buy for one..... time will tell
 

LKO starting to retrace as I suggested on 3/4. Time to accummulate if one wants to...

PS:

YOUNG TRADER: You are right on the money - management only buy for one reason!

RP AUTO: Yes, I do think that Warro will help LKO. Importantly, the drilling techniques will be the big help as a smooth drill shall demonstrate the technology. This is another reason why I like LKO.

Thanks for the compliment.



Holding LKO
 
Just watching LKO at present and starting to like the way it is slowly building. Almost all of the .004c sales are gone (we had a huge $80 sale today at that price!) and occasionally we have hit .006c.

Still might be a few weeks off news (depends what sort of gap management want between an announcement and their recent purchases?) but any confirmed drilling program should be met with a quick, positive response. TSV's successful use of new technology is a bonus for LKO given the similarities that exist between the 2 projects.

Happily holding LKO
 
Can't read too much into the history of this company but appears to have some momentum at the moment & I'm not afraid to admit that I'm happy to be riding anything that YT is on
Guess it's a waiting game at the moment. Money isn't making anything sat in the bank so what the hell...
 

lol thanks but becareful, after all this is a spec oiler with no revenue apart from constant SPP's and placements

That being said Wombat imo looks to be a massive sleeper asset
 
Agree 100%, YT.

Nice to see LKO now steady on .005c and testing .006c again. Just a matter of time until the Wombat awakes from its slumber

Holding LKO at .004c...
 
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