blatant down ramping is the sport of morons who have nothing else to offer to themselves.
As for genuine negative comentary - I lack none of that for this company.
If you don't want to hear any - IGNORE THIS POST, be happy and may the trade winds go your way.
I have never invested in LKO, other than huge anmounts of time researching. This company is the biggest blow hole fest I can find.
1.3 mmcfd is a waste of time to any tight gas producer.
The permeability stats are of huge concern.
Though I had to dig through heaps of crap to find any.
Quoting "ambient porosity" - fmd
I can't find this expression in ANY oil+gas refernce anyhere but LKO's. It's a geological term that doesn't really apply.
Your EUR's aren't that good and your local price for gas is comparatively very competative. (So much so I reviewed the price in LKO's agm presentation 3 times.(30cents per Gj)
LASTLY - I can't stand self serving boards, who display no duty of care to shareholders. I find LKO, from my research, to be a prime example of waste of shareholders money.
This is a boards with no oil+gas experience and LOTS of ASX experience. SO I AM VERY CONFIDENT THEY KNEW WHAT THEY WERE DOING WHEN THEY RAISED CAPITAL JUST BEFORE THIS "GOOD" ANNOUNCEMENT.
LKO's board (and me) were very suprised to see the market reaction to 1.3mmcfd.
I believe this sp will sink quickly back to 8-9 cents and possibly further. There is just nothing there that warrants staying up. My long term view is similar.
Again, no offence to any LKO holders. I have had this view (and posted it) before you started going back down.
GOOD LUCK
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