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$1.00 lakes blue energy nl

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towie

35,149 Posts.

961

03/03/22

11:17

Post #: 59949569
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Originally posted by wicketkeeper ↑

Interesting comments. I have a similar story. I was at a lakes agm many years ago and ended up having a cup of coffee with the lakes geologist and I asked her about oil and wombat. She was startled by my question and asked me what I knew which was nothing except that I knew that Woodside Petroleum had drilled in the same area in the 1960’s before going offshore. ( I actually saw the drilling rig in operation in a paddock on one of the side roads off the Sale Seaspray road) She then stated that the Americans had studied the survey results and had told her “that you do not know what is down there” and if it was them they would have rigs everywhere. I have never forgotten that and that’s the reason I have supported lakes over the years. Our problem I believe is not the company management but the current State government and the greens. Anyway if you can believe the govt and full on exploration can resume we should know by the end of this year if the American analysis is right and I have backed the company financially believing that they are.

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Hi Many years ago my father who went to school down in the Gippsland area during their science lesson someone bought in some oil that was taken from a well drilled nearer to Lakes Entrance . It was proven to be a viable grade oil.Since that time Lakes have done follow up on those old wells but it is a very heavy oil and would not flow to surface. I believe that they also tried a form of heating to make it flow without success. Towie DYOR

LKO Price at posting: 0.1¢ Sentiment: Buy Disclosure: Held
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