Hi I do think that your posting is being much too negative...

Hi I do think that your posting is being much too negative towards the future of this company. Sure they have had many hurdles to jump over and relisting I hope is the last one..I expect the share price to increase with the knowledge that the Wellsly Gas Well has been spuded and drilling ahead. This well is expected to be a success as previous wells drilled by BHPdiscovered gas when they were looking for oil.Lakes will now be drilling on the crest of this field which with better seismics has defined this as the ideal spot to drill.Also there are know commercial gas fields surrounding this prospect. Lakes do have firm commitments of 1.604 million dollars along with a surety of 800.000 dollars from the Underwriters S Bizzell and partners.A further firm commitment of 1.46 million from other investors.The success of this current fund raising from shareholders etc puts this company in a well cashed up position to advance all their other projects. Cheers Towie DYOR