Best part is LKO don't have to drill, they have four holes ready to frac, month to six weeks for a frac and then flow rates......good luck guys.
The quarterly stated under Additional Independent Assessments in PRL 2 In addition to the independent assessment of the Wombat Field in PRL 2 previously conducted by Gaffney Cline and Associates, Lakes Oil NL has commissioned the consulting group to provide us with an independent evaluation of the Trifon and Gangell fields in PRL 2, which will include results from the proposed testing at North Seaspray-3 in the next quarter. Results of this evaluation are expected to be completed in the next two months. The evaluations will provide with us a much better perspective of the undeveloped tight gas resource contained in the Strzelecki Group in the southern part of PRL 2.
LKO Price at posting:
0.5¢ Sentiment: None Disclosure: Held
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