LKO 0.00% 0.2¢ lakes oil nl

Yesterday RB sent me an email stating that Wombat 4 is the well...

  1. 200 Posts.
    Yesterday RB sent me an email stating that Wombat 4 is the well that they are concentrating on. I asked the question of why we are not seeing any info on W2 and W3.

    RB replied with “We have limited staff and we are currently concentrating on W4"
    What to make of this is anyone’s guess. I would assume (ass out of you and me) that something is coming out of W4. What, when and how could only be speculated at this point in time but to stop concentrating on the other sites could go 3 ways:

    Option 1
    W2 is a duster, or
    W2 is a goer but at a lesser rate than first reported and W4 is a much better option for commercialisation.

    Option 2
    Combined W2 and W4 will produce a commercial rate of $$

    Option 3
    It’s all over folks.. We need to drill somewhere else.

    My option would be Option 2 ;) The Frac as I understand it on W2 is still underway. Also, the company that completes the Frac action is looking at W4 (From last Ann)

    I still think we will see some positives from LKO in the very near future.
 
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