LKO Yesterdays announcement was interesting: "it is...

LKO
Yesterdays announcement was interesting:

"it is investigating options for assessing the oil and gas production potential of the Company’s South Australian exploration acreage, within the Central Flinders Ranges to the north of Port Augusta.

If the Tindelpina Shale proves to be productive then supply of gas to meet South Australian requirements will be straightforward, given the proximity of the project to the Moomba to Adelaide Gas Pipeline.

Lakes Oil will work closely and cooperatively with the South Australian and Federal Governments toward increasing the availability of competitively priced natural gas."

Disclosure: I have been sitting of these for a few months, payday can't come soon enough!