hancock prospecting takes stategic stake , page-52

From AJQ's recent announcement. A good summary of what great potential LKO has:

EXISTING RESOURCES
1. Tight gas Strzelecki 2Tcf in Wombat, Trifon and Gangell fields, PRL2 – up to 4.5mmcfd flows
2. Gas reserve value ~$2bn
3. Potentially 6 billion tonnes brown coal

STRONG MARKETS
4. Extensive local infrastructure power generation and
industrial demand – early cash flows
4. Victorian gas projected to $8/GJ

PROMISING GAS DISCOVERIES
6. Moreys gas condensate discovery May 2012
7. Oil discoveries in Strzelecki and Rintouls – new oil play

PLANNED ACTIVITY
8. Drilling Yallourn Power 1 now and Otway Q1 2013
9. Fraccing ban to lift in 2013