I don't see it like you MichaelM. The announcement is exactly what any analyst would have expected. The gas is tight. We have known that. It needs work to get it out. We have always known that also. What is new here is the extensive nature of the gas location and presumably the volumes. IMO this well is definitely not a duster, but in combination with the new fraccing technologies will deliver LKO's first commercial operation. The market's response to the announcement is really weird. I would have thought that a lift in the SP was appropriate. Maybe it will take some time for the market to digest the announcement and make a more appropriate response.
LKO Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
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