LKO 0.00% $1.00 lakes blue energy nl

what is the purpose of d rampers anyway, page-16

  1. 156 Posts.
    Have to agree with LoveCCE.
    I sold out last week for a tidy little profit. Have known this stock for a while and just can't see a big future. Hope they do well, but...
    I thought they would retrace back to sub 1 by now, so I've already been wrong once...
    What they have been plugging away at just doesn't seem to be a big deal based on gas in place / recoverable estimates.
    Gas flows not amazing for tight gas.
    I just don't know how they are going to be able to commercialise it - if it's even worth it - with their limited resources both technical and financial.
    I don't believe the gas price in Vic is high enough to make tight gas worthwhile - need to dig a lot of expensive wells.
    My best case scenario would be that it might just be worth a few cents. The best thing going for this companies stock price is the options that are due to expire soon - after that - caveat emptor.... good luck holders.
 
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