LKO 0.00% $1.00 lakes blue energy nl

Ann: Lakes Acquires 100% Ownership of PRL 2, page-21

  1. 856 Posts.
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    The resource will be worth something like 4-500 million over its life, and that's just for PRL 2. Add the other Wombat lot and you're staring down the barrel of close to a billion dollars of gas at current market rate.

    Unless I've misread or miscalculated that is an insane set of assets to be sitting on particularly when you can just plug it into a nearby existing pipeline.

    I slapped a little on LKO as a bit of a punt and now I'm sitting here thinking jesus this could actually be huge.
 
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