LKO 0.00% $1.00 lakes blue energy nl

hancock prospecting takes stategic stake , page-46

  1. 3,522 Posts.
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    Strauss, it could both gas & coal for co-generation of power.
    Anyone seen the independent report mentioned below? Please post some details?

    http://www.melbourne.foe.org.au/?q=node/1115

    "Lakes Oil, through its 100% owned subsidiary Commonwealth Mining has been granted an exploration lease (EL 5333) for brown coal – coinciding with its petroleum lease PRL2.

    The company says "based on previous drilling reports an independent report has been prepared which shows that this lease has the potential for a significant quantity of high quality brown coal".

    The company also applied for a second lease (5334) which was granted in March 2012.

    The company says that this is the first time an oil company has owned both a coal resource and natural gas resource in Victoria. "This opens the opportunity for co-generation of power with significantly reduced emissions. Preliminary discussions are already underway with interested parties looking at how we may develop these unique assets".'
 
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