LCK - FA - KJ, page-37

@tui

I thought you were better than that. I will reply, but only s we have some history of successfully investing together.

If you cared to read about this stock, the core reason why it is different to the Queensland operations is that it is outside the Great Artesian Basin. Therefore it does not suffer from the fresh water competitive issues that shut down the others in Queensland. Furthermore the issues surrounding coal, csg and UCG tenure are also not apparent here.

LCEP is being undertaken as a trial, with stringent environmental analysis, and oversight by Government and environmental professionals. If the trial can be concluded successful, so far so good, they can seek to move to commercial production, subject to the necessary approvals.

In answer to your last question, the current operation has flowed gas at 8 mmscfgd, which is far superior to your precious csg operations and comparable with some of the better onshore gas flows from the Permian sequence in the Cooper.

It is early days, but things are looking positive so far culminating in the reserve report that was released this last week. 1.1.tcf of gas is a good starting point.

If only the share price would move the right way, but this is a long term play and I'm happy to wait out the gyrations that come with small caps on the ASX.

As always, DYOR and GLTAH.

AL