The company needs new management, Lko has been a takeover target of Armor energy in the past, I have held for well over a decade, Lko will never be allowed to progress whilst Mather is controlling the BOD. He has to go. If Enterprise North 1 is such a get deal then sell our interest across at fair market value to Armour Energy. Lko drilled Ottway 1 onshore closer to Geelong it has an Estimated reserve of 24bcf by comparison The Wombat and associated fields have confirmed reserves of 32 times that.
I suspect Enterpise North 1 will be about the same size as Ottway 1, Bugger all. We have known reserves at Nangwarry, and the Wombat field, so it is up to the BOD to look after LKO shareholders interest. OR GO.
If LKO fails I can assure you their will be a class action against the 3 BOD members, siteing miss-management and conflict of interest.
LKO Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
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