Ann: Petroleum Production Licence issued, page-46

I think what you will find is this company has and will always carry ENORMOUS political risk. That is why the share price never goes anywhere and why the big money, the very, very smart money have never been involved in this at anytime.
Take away the political risk and LCK would be 50c + easily.
If the liberal government lose the next election in South Australia and if the Greens have any say in matters at all then this project gets torpedoed. Its sad but true.