LAKES OIL mit SINOPEC - 500 Beiträge pro Seite
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ISIN: AU000000LKO0 · WKN: 675558 · Symbol: LKOLF
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LAKES OIL N.L. Aktueller Kurs (Frankfurt, 26.04.2006 16:16)
Letzter Kurs: 0,013 WKN: 675558
Veränd. abs.: -0,0010 Symbol: LKS
Veränd. in %: -7,14 % ISIN: AU000000LKO0
26 April, 2006
SPECIAL ANNOUNCEMENT
Dear Shareholder,
Lakes advises that it has had preliminary discussions with Sinopec of China a multi national, in relation to our tight gas project onshore Gippsland Basin Victoria. Sinopec is now sending a delegation to assess our Gippsland gas projects with a view to potentially joining with us in developing these projects. The delegation is due to arrive in Melbourne within a few days.
More than $30 million has already been spent in PEP157 by your company. Lakes Oil has lodged an application for a Retention Lease over a large portion of the permit where Lakes Oil has established the existence of tight gas (see attached map).
Further exploration is planned in PEP 157 to test tight gas "plays" - pending rig availability.
Due to the current high oil price Lakes Oil is moving ahead to urgently re-open its discovery well "Hunters Lane 1" at Lakes Entrance originally drilled in 1997 with a view to commercialisation.
Geothermal - Lakes Oil through its fully owned subsidiary company "Geothermal Energy Victoria Pty Ltd" intends to apply for areas which have recently been released by the Victorian Government.
Sinopec East China Branch
Lakes Oil will host a delegation from Beijing who will assess Lakes Oil's onshore Gippsland tight gas projects, in order to determine whether to join with us in the next phase of this exciting new Victorian energy asset. During their stay they will visit the fields and evaluate the current data.
Lakes Oil is also holding discussions with several USA based groups who have also expressed interest in our Victorian activities.
Tight Gas Discoveries
During the past two years. Lakes Oil has continued to drill "wild cat" wells in PEP 157, choosing to explore the permit on a wider front either by drilling new prospects or, in some cases, re-assessing old wells (many dating back to the 60's) using state-of-the-art log interpretation conducted by US-based industry experts who are acknowledged world leaders in tight gas technology.
On the basis of these new interpretations, Lakes Oil believes that it now has enough evidence to show that a major new onshore tight gas/oil province is being delineated. This is based on our concept of basin centred Strzelecki gas, which directly challenges conventional thinking and is gradually gaining acceptance amongst knowledgeable experts who operate in the tight gas area.
Many shareholders have asked why we continued to drill "wild cat" wells in PEP 157, instead of working to bring into production the very promising Wombat, Trifon and Gangell tight gas fields. The answer is that permit PEP 157 is due to expire later in 2006 and, under the current Victorian Petroleum Act, permits are granted for only a maximum of 10 years. (Lakes has held PEP 157 for 7 years having purchased the permit from Roma Petroleum after that company left Victoria in 1999).
This legislation, enacted in the 1990's before the discovery of tight gas in Australia, was intended for conventional gas which is usually confined to structures and normally requires only a small number of wells to bring any discovery into production. However, with tight gas there is not always a structure to contain the gas; more often it is in what are called in the USA "basin centres". These can occur over large undefined areas and, unlike conventional reservoirs, the gas occurs over multiple levels and frequently needs artificial stimulation to allow gas to flow to the surface. Most importantly, it requires many wells to be drilled over a large area to achieve commercial productions - similar to coal bed methane.
Lakes Oil now intends to lodge an application for a retention lease over a large proportion of PEP 157. This will give the company the time it needs to bring the numerous areas into production. Lakes Oil is confident that it can commercialise this potentially large resource in a timely fashion, to meet the significant increase in gas demand in the eastern States. Discussions have already taken place with prospective power generation and industrial users. The importance to Victoria of this new onshore gas province should not be under estimated. The offer of gas could encourage meaningful industry migration in both the energy and chemical sectors to this strategic region, and help alleviate high youth unemployment in the area.
The long discovery and commercialisation lead times pertaining to unconventional energy reserves has been fully acknowledged by the Victorian Government. In this regard the Minister, The Honourable Theo Theophanous is to be congratulated on his initiative in introducing geo-thermal legislation in Victoria, where the need for up to 15 years to develop highly prospective unconventional geothermal energy resources is properly recognised. It is hoped that in due course this positive step will be applied to tight gas which is also an unconventional energy resource. Lakes Oil is keen to seek out geo-thermal energy opportunities and, through its wholly owned subsidiary Geothermal Energy Victoria Pty Ltd, will apply for several of the areas which have just been released by the Victorian Government.
Halliburton Report
Halliburton USA has completed a comprehensive report titled "Integrated Reservoir Study" covering the Wombat, Gangell and Trifon gas prospect areas. Based on this work, their recommendation is to move to a second phase assessment aimed at optimising the requisite drilling and completion programs to move into production. Lakes Oil has agreed to this further report and is delighted with the assistance being given by Halliburton.
PEP 155 - Hunters Lane 1 Onshore Gippsland Basin, Victoria
Lakes Oil is planning the re-opening of the Hunters Lane - 1 well as soon as possible. This discovery well was drilled in 1997 to a depth of 430 metres. The well encountered heavy bio-degraded oil together with water. At that time the oil price was low and the well was not economic. However, discussions in both Australia and the US suggest that by utilising appropriate separation technology it is possible that the field could be commercially viable at current oil prices. A full assessment of its commerciality is now being urgently undertaken.
Lakes Oil will re-open the well and test the economics of pumping the oil and water to the surface, centrifugally removing the water, and recovering the oil.
PEP 166
The Loy Yang 2 well has been drilled and cased ready for fracture stimulation. The results to date indicate positive indications of oil and tight gas whilst drilling and have exceeded our expectations. We look forward to "fraccing" this well as soon as appropriate equipment is available.
PEP 158 - Onshore Gippsland Basin, Victoria
Subject to the availability of a suitable rig, Lakes Oil has selected two drilling targets sited on known geological highs "Alberton 1" and "Napier 1". We believe these wells will also add to our "tight gas" play and lead us to other targets in PEP 158.
PEL 57 - Onshore Otway Basin, South Australia
A geo-chemical survey is due to commence in May to assess areas within the permit suitable for seismic or drilling activity.
PEP 163 and PEP 164 Onshore Otway Basin Victoria
A seismic survey in both these permits is due to commence in May 2006.
From the above you can ascertain that Lakes Oil has a very full program ahead. In recent months Lakes Oil has confirmed its position as Victoria's most active onshore exploration company.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
in AUS schon 20 % aufwärts
da geht demnächst schwer was ab
Letzter Kurs: 0,013 WKN: 675558
Veränd. abs.: -0,0010 Symbol: LKS
Veränd. in %: -7,14 % ISIN: AU000000LKO0
26 April, 2006
SPECIAL ANNOUNCEMENT
Dear Shareholder,
Lakes advises that it has had preliminary discussions with Sinopec of China a multi national, in relation to our tight gas project onshore Gippsland Basin Victoria. Sinopec is now sending a delegation to assess our Gippsland gas projects with a view to potentially joining with us in developing these projects. The delegation is due to arrive in Melbourne within a few days.
More than $30 million has already been spent in PEP157 by your company. Lakes Oil has lodged an application for a Retention Lease over a large portion of the permit where Lakes Oil has established the existence of tight gas (see attached map).
Further exploration is planned in PEP 157 to test tight gas "plays" - pending rig availability.
Due to the current high oil price Lakes Oil is moving ahead to urgently re-open its discovery well "Hunters Lane 1" at Lakes Entrance originally drilled in 1997 with a view to commercialisation.
Geothermal - Lakes Oil through its fully owned subsidiary company "Geothermal Energy Victoria Pty Ltd" intends to apply for areas which have recently been released by the Victorian Government.
Sinopec East China Branch
Lakes Oil will host a delegation from Beijing who will assess Lakes Oil's onshore Gippsland tight gas projects, in order to determine whether to join with us in the next phase of this exciting new Victorian energy asset. During their stay they will visit the fields and evaluate the current data.
Lakes Oil is also holding discussions with several USA based groups who have also expressed interest in our Victorian activities.
Tight Gas Discoveries
During the past two years. Lakes Oil has continued to drill "wild cat" wells in PEP 157, choosing to explore the permit on a wider front either by drilling new prospects or, in some cases, re-assessing old wells (many dating back to the 60's) using state-of-the-art log interpretation conducted by US-based industry experts who are acknowledged world leaders in tight gas technology.
On the basis of these new interpretations, Lakes Oil believes that it now has enough evidence to show that a major new onshore tight gas/oil province is being delineated. This is based on our concept of basin centred Strzelecki gas, which directly challenges conventional thinking and is gradually gaining acceptance amongst knowledgeable experts who operate in the tight gas area.
Many shareholders have asked why we continued to drill "wild cat" wells in PEP 157, instead of working to bring into production the very promising Wombat, Trifon and Gangell tight gas fields. The answer is that permit PEP 157 is due to expire later in 2006 and, under the current Victorian Petroleum Act, permits are granted for only a maximum of 10 years. (Lakes has held PEP 157 for 7 years having purchased the permit from Roma Petroleum after that company left Victoria in 1999).
This legislation, enacted in the 1990's before the discovery of tight gas in Australia, was intended for conventional gas which is usually confined to structures and normally requires only a small number of wells to bring any discovery into production. However, with tight gas there is not always a structure to contain the gas; more often it is in what are called in the USA "basin centres". These can occur over large undefined areas and, unlike conventional reservoirs, the gas occurs over multiple levels and frequently needs artificial stimulation to allow gas to flow to the surface. Most importantly, it requires many wells to be drilled over a large area to achieve commercial productions - similar to coal bed methane.
Lakes Oil now intends to lodge an application for a retention lease over a large proportion of PEP 157. This will give the company the time it needs to bring the numerous areas into production. Lakes Oil is confident that it can commercialise this potentially large resource in a timely fashion, to meet the significant increase in gas demand in the eastern States. Discussions have already taken place with prospective power generation and industrial users. The importance to Victoria of this new onshore gas province should not be under estimated. The offer of gas could encourage meaningful industry migration in both the energy and chemical sectors to this strategic region, and help alleviate high youth unemployment in the area.
The long discovery and commercialisation lead times pertaining to unconventional energy reserves has been fully acknowledged by the Victorian Government. In this regard the Minister, The Honourable Theo Theophanous is to be congratulated on his initiative in introducing geo-thermal legislation in Victoria, where the need for up to 15 years to develop highly prospective unconventional geothermal energy resources is properly recognised. It is hoped that in due course this positive step will be applied to tight gas which is also an unconventional energy resource. Lakes Oil is keen to seek out geo-thermal energy opportunities and, through its wholly owned subsidiary Geothermal Energy Victoria Pty Ltd, will apply for several of the areas which have just been released by the Victorian Government.
Halliburton Report
Halliburton USA has completed a comprehensive report titled "Integrated Reservoir Study" covering the Wombat, Gangell and Trifon gas prospect areas. Based on this work, their recommendation is to move to a second phase assessment aimed at optimising the requisite drilling and completion programs to move into production. Lakes Oil has agreed to this further report and is delighted with the assistance being given by Halliburton.
PEP 155 - Hunters Lane 1 Onshore Gippsland Basin, Victoria
Lakes Oil is planning the re-opening of the Hunters Lane - 1 well as soon as possible. This discovery well was drilled in 1997 to a depth of 430 metres. The well encountered heavy bio-degraded oil together with water. At that time the oil price was low and the well was not economic. However, discussions in both Australia and the US suggest that by utilising appropriate separation technology it is possible that the field could be commercially viable at current oil prices. A full assessment of its commerciality is now being urgently undertaken.
Lakes Oil will re-open the well and test the economics of pumping the oil and water to the surface, centrifugally removing the water, and recovering the oil.
PEP 166
The Loy Yang 2 well has been drilled and cased ready for fracture stimulation. The results to date indicate positive indications of oil and tight gas whilst drilling and have exceeded our expectations. We look forward to "fraccing" this well as soon as appropriate equipment is available.
PEP 158 - Onshore Gippsland Basin, Victoria
Subject to the availability of a suitable rig, Lakes Oil has selected two drilling targets sited on known geological highs "Alberton 1" and "Napier 1". We believe these wells will also add to our "tight gas" play and lead us to other targets in PEP 158.
PEL 57 - Onshore Otway Basin, South Australia
A geo-chemical survey is due to commence in May to assess areas within the permit suitable for seismic or drilling activity.
PEP 163 and PEP 164 Onshore Otway Basin Victoria
A seismic survey in both these permits is due to commence in May 2006.
From the above you can ascertain that Lakes Oil has a very full program ahead. In recent months Lakes Oil has confirmed its position as Victoria's most active onshore exploration company.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
in AUS schon 20 % aufwärts
da geht demnächst schwer was ab
Hallo hainholz unsere Rente ist gesichert!
Gute Geschäfte für alle
Gruß Walter
Gute Geschäfte für alle
Gruß Walter
Antwort auf Beitrag Nr.: 21.337.643 von walterdergenaue am 26.04.06 22:12:06so sieht es aus Walter
schon wieder NEWS
27 April, 2006
DRILLING REPORT FOR EAGLE NORTH-1 HORIZONTAL WELL, EAGLE OIL POOL
SAN JOAQUIN BASIN CALIFORNIA BASIN USA
Lakes Oil N.L. (ASX listing code "LKO") has been advised by the operator Victoria Petroleum N.L. that the current operation for the Eagle North-1 horizontal well in the Eagle Oil Pool Development Project in the San Joaquin Basin that "at 1830 hours Central Pacific Time 26 April 2006, was preparing to drill ahead in 4 1/8 inch hole in the horizontal well bore at 4,308 metres (14,132 feet) measured depth in the lower Mary Bellocchi Gatchell oil sand after encountering good oil shows in the target sand from 4,297 metres (14,097 feet) to current depth of 4,308 metres (14,132 feet). The well bore is currently at an angle of 89.7 degrees from the vertical.
The oil show in the target sand was accompanied by the inflow of oil into the well bore on a flow check as seen from good yellow oil fluorescence in the oil cut drilling mud and increase in total gas from a background of 2 units to maximum of 550 units with associated heavier hydrocarbons.
The increase in drill rate from 8ft/hr to 70 ft/hr indicates friable and porous sand at this vertical depth of 13,622 feet TVD KB.
Drilling of the Gatchell target oil sands following an increase in the drilling mud weight is planned to continue over a distance of approximately 320 metres to within 30 metres of the Mary Bellocchi-1 oil well. This will result in a planned measured depth of 4,600 metres (15,090 feet).
Any further inflow of oil into the well bore in the future, should it occur, may result in an increase in mud weight.
This horizontal well bore is then planned to be completed for production testing with a 2 7/8 inch slotted production liner."
The participants in the Eagle Oil Pool Development Project and Eagle North-1 through their respective US wholly owned subsidiaries are:
Lakes Oil N.L. 15%
Victoria Petroleum N.L. (Operator) 20%
Empyrean Energy PLC 38.5%
First Australian Resources NL 15%
Sun Resources NL 10%
Private Interests 1.5%
schon wieder NEWS
27 April, 2006
DRILLING REPORT FOR EAGLE NORTH-1 HORIZONTAL WELL, EAGLE OIL POOL
SAN JOAQUIN BASIN CALIFORNIA BASIN USA
Lakes Oil N.L. (ASX listing code "LKO") has been advised by the operator Victoria Petroleum N.L. that the current operation for the Eagle North-1 horizontal well in the Eagle Oil Pool Development Project in the San Joaquin Basin that "at 1830 hours Central Pacific Time 26 April 2006, was preparing to drill ahead in 4 1/8 inch hole in the horizontal well bore at 4,308 metres (14,132 feet) measured depth in the lower Mary Bellocchi Gatchell oil sand after encountering good oil shows in the target sand from 4,297 metres (14,097 feet) to current depth of 4,308 metres (14,132 feet). The well bore is currently at an angle of 89.7 degrees from the vertical.
The oil show in the target sand was accompanied by the inflow of oil into the well bore on a flow check as seen from good yellow oil fluorescence in the oil cut drilling mud and increase in total gas from a background of 2 units to maximum of 550 units with associated heavier hydrocarbons.
The increase in drill rate from 8ft/hr to 70 ft/hr indicates friable and porous sand at this vertical depth of 13,622 feet TVD KB.
Drilling of the Gatchell target oil sands following an increase in the drilling mud weight is planned to continue over a distance of approximately 320 metres to within 30 metres of the Mary Bellocchi-1 oil well. This will result in a planned measured depth of 4,600 metres (15,090 feet).
Any further inflow of oil into the well bore in the future, should it occur, may result in an increase in mud weight.
This horizontal well bore is then planned to be completed for production testing with a 2 7/8 inch slotted production liner."
The participants in the Eagle Oil Pool Development Project and Eagle North-1 through their respective US wholly owned subsidiaries are:
Lakes Oil N.L. 15%
Victoria Petroleum N.L. (Operator) 20%
Empyrean Energy PLC 38.5%
First Australian Resources NL 15%
Sun Resources NL 10%
Private Interests 1.5%
Antwort auf Beitrag Nr.: 21.333.017 von hainholz am 26.04.06 17:48:16
die ganze Gegend dort trieft vor Oil
die ganze Gegend dort trieft vor Oil
Antwort auf Beitrag Nr.: 21.350.917 von hainholz am 27.04.06 18:29:14NEW
Ouartalsreport
http://www.lakesoil.com.au/March06quarter.html …
Ouartalsreport
http://www.lakesoil.com.au/March06quarter.html …
Trading Spotlight
Hab mir die gsamten Nachrichten angesehen und auch gelesen uff-uff
Das sind super Raketen die da ''noch'' schlummern
Allein der Besuch von SINOPEC sagt schon alles
Es sind schon sehr gut Käufer am Werken
http://isht.comdirect.de/html/detail/main.html?hist=10d&sSym…
Das sind super Raketen die da ''noch'' schlummern
Allein der Besuch von
SINOPEC sagt schon allesEs sind schon sehr gut Käufer am Werken
http://isht.comdirect.de/html/detail/main.html?hist=10d&sSym…
Antwort auf Beitrag Nr.: 21.372.337 von Eristoff am 28.04.06 23:22:48Denke auch mal,das außer Sinopec noch andere Große aufmerksam werden könnten.
kann mir auch vorstellen,das Lakes für das Erste den gleichen Kursverlauf wie Caspian Oil nimmt,nachdem Santos eingestiegen ist.
Antwort auf Beitrag Nr.: 21.380.400 von hainholz am 30.04.06 12:49:01jetzt geht es ans Eingemachte
May 05, 2006
LAKES OIL AND SINOPEC AGREEMENT
Lakes Oil N.L. (ASX listing code "LKO") advises that it has today signed a Memorandum of Understanding with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of "Sinopec") of Beijing. Sinopec is the largest oil and gas company in China.
This agreement covers Lakes Oil's onshore Gippsland Basin acreage and agrees that the parties will start commercial negotiations as soon as technical due diligence is completed.
The basis of this agreement is that Sinopec and Lakes Oil will work towards commercialisation of Lakes Oil's onshore tight gas resource in the onshore Gippsland Basin and follows a Lakes Oil team visiting Beijing and a delegation from Sinopec currently visiting Victoria.
The agreement is non-binding on both parties and is aimed at co-operation between Sinopec and Lakes Oil to work towards a binding agreement which will allow development of the Lakes Oil's Gippsland permits to move forward.
Lakes Oil holds a number of exploration permits in the Gippsland area. Recent drilling of wells in the permits has encountered gas and/or oil.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
May 05, 2006
LAKES OIL AND SINOPEC AGREEMENT
Lakes Oil N.L. (ASX listing code "LKO") advises that it has today signed a Memorandum of Understanding with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of "Sinopec") of Beijing. Sinopec is the largest oil and gas company in China.
This agreement covers Lakes Oil's onshore Gippsland Basin acreage and agrees that the parties will start commercial negotiations as soon as technical due diligence is completed.
The basis of this agreement is that Sinopec and Lakes Oil will work towards commercialisation of Lakes Oil's onshore tight gas resource in the onshore Gippsland Basin and follows a Lakes Oil team visiting Beijing and a delegation from Sinopec currently visiting Victoria.
The agreement is non-binding on both parties and is aimed at co-operation between Sinopec and Lakes Oil to work towards a binding agreement which will allow development of the Lakes Oil's Gippsland permits to move forward.
Lakes Oil holds a number of exploration permits in the Gippsland area. Recent drilling of wells in the permits has encountered gas and/or oil.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
Antwort auf Beitrag Nr.: 21.333.017 von hainholz am 26.04.06 17:48:16jawoll, die ersten wittern die Chance
wenn man hier noch günstig zum Zug kommen will,muß man sich beeilen
ja das macht ihr richtig,zu dem Kurs schön welche hinlegen
wunderbare Sache heut
Das geht bald los mit Sinopec,die großen sind auf der Suche nach neuen Reserven.
Das geht bald los mit Sinopec,die großen sind auf der Suche nach neuen Reserven.
http://isht.comdirect.de/html/detail/main.html?type=candle&s…
Sehr gute Käufe grrrrrrrrrrr. Weiss nicht vor oder zurück
Antwort auf Beitrag Nr.: 21.513.235 von Eristoff am 10.05.06 21:28:22zu dem Kurs noch schön einsammeln
Antwort auf Beitrag Nr.: 21.333.017 von hainholz am 26.04.06 17:48:16
Lakes Oil mulls Gippsland basin tight gas farmins
Rick Wilkinson
OGJ Correspondent
MELBOURNE, May 1 -- China's Sinopec is negotiating a farmin to a Lakes Oil NI tight gas project in Victoria's onshore Gippsland basin and is sending a team from Bejing to visit the fields and evaluate field data.
Several US independents also have expressed interest in the project.
Lakes Oil, Melbourne, over the past 4 years has spent $30 million (Aus.) in drilling and fracturing in Wombat, Triffon, and Gangell fields within permit PEP 157. Using modern log interpretation provided by US-based tight gas experts, Lakes also has reassessed 1960s wells in the vicinity.
Based on the new interpretations, Lakes believes it has found a significant new onshore gas province in Victoria. The geological formation is the Cretaceous-age Strzelecki formation, which underlies the Tertiary-age Latrobe group of reservoirs that form the major reservoirs in the offshore sections of the basin in Bass Strait.
The Strzelecki, too deeply buried for commercial exploration offshore, is much closer to the surface in the onshore sector, and the Wombat, Triffon, and Gangell wells have shown gas and some free oil present throughout the formation, although permeabilities are poor.
Lakes expects commercial production can be achieved once an appropriate, comprehensive fracing program is designed.
Halliburton USA has completed an extensive area reservoir study that recommends moving to a second phase assessment to optimize requisite drilling and completion programs leading to production.
Lakes will apply for a retention lease over a large portion of the permit to allow time for concluding farmin negotiations.
Lakes Oil mulls Gippsland basin tight gas farmins
Rick Wilkinson
OGJ Correspondent
MELBOURNE, May 1 -- China's Sinopec is negotiating a farmin to a Lakes Oil NI tight gas project in Victoria's onshore Gippsland basin and is sending a team from Bejing to visit the fields and evaluate field data.
Several US independents also have expressed interest in the project.
Lakes Oil, Melbourne, over the past 4 years has spent $30 million (Aus.) in drilling and fracturing in Wombat, Triffon, and Gangell fields within permit PEP 157. Using modern log interpretation provided by US-based tight gas experts, Lakes also has reassessed 1960s wells in the vicinity.
Based on the new interpretations, Lakes believes it has found a significant new onshore gas province in Victoria. The geological formation is the Cretaceous-age Strzelecki formation, which underlies the Tertiary-age Latrobe group of reservoirs that form the major reservoirs in the offshore sections of the basin in Bass Strait.
The Strzelecki, too deeply buried for commercial exploration offshore, is much closer to the surface in the onshore sector, and the Wombat, Triffon, and Gangell wells have shown gas and some free oil present throughout the formation, although permeabilities are poor.
Lakes expects commercial production can be achieved once an appropriate, comprehensive fracing program is designed.
Halliburton USA has completed an extensive area reservoir study that recommends moving to a second phase assessment to optimize requisite drilling and completion programs leading to production.
Lakes will apply for a retention lease over a large portion of the permit to allow time for concluding farmin negotiations.
Lakes Oil & Sinopec Ink Deal for Australia Acreage
Lakes Oil NL Tuesday, May 09, 2006
Lakes Oil N.L. has signed a Memorandum of Understanding with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of Sinopec) of Beijing. Sinopec is the largest oil and gas company in China.
This agreement covers Lakes Oil's onshore Gippsland Basin acreage and agrees that the parties will start commercial negotiations as soon as technical due diligence is completed.
The basis of this agreement is that Sinopec and Lakes Oil will work towards commercialization of Lakes Oil's onshore tight gas resource in the onshore Gippsland Basin and follows a Lakes Oil team visiting Beijing and a delegation from Sinopec currently visiting Victoria.
Related Pictures
Onshore Gippsland Basin
(Click to Enlarge)
The agreement is non-binding on both parties and is aimed at co-operation between Sinopec and Lakes Oil to work towards a binding agreement which will allow development of the Lakes Oil's Gippsland permits to move forward.
Lakes Oil holds a number of exploration permits in the Gippsland area. Recent drilling of wells in the permits has encountered gas and/or oil.
Lakes Oil NL Tuesday, May 09, 2006
Lakes Oil N.L. has signed a Memorandum of Understanding with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of Sinopec) of Beijing. Sinopec is the largest oil and gas company in China.
This agreement covers Lakes Oil's onshore Gippsland Basin acreage and agrees that the parties will start commercial negotiations as soon as technical due diligence is completed.
The basis of this agreement is that Sinopec and Lakes Oil will work towards commercialization of Lakes Oil's onshore tight gas resource in the onshore Gippsland Basin and follows a Lakes Oil team visiting Beijing and a delegation from Sinopec currently visiting Victoria.
Related Pictures
Onshore Gippsland Basin
(Click to Enlarge)
The agreement is non-binding on both parties and is aimed at co-operation between Sinopec and Lakes Oil to work towards a binding agreement which will allow development of the Lakes Oil's Gippsland permits to move forward.
Lakes Oil holds a number of exploration permits in the Gippsland area. Recent drilling of wells in the permits has encountered gas and/or oil.
Antwort auf Beitrag Nr.: 21.333.017 von hainholz am 26.04.06 17:48:16 http://64.233.183.104/search?q=cache:iywfZJw4YOkJ:www…
ein Chart,der nach Ausbruch lechzt
so ist es recht,immer schön einsammeln
Hallo, hat keiner mehr News? Ist so still geworden!
Gruß Pt
Gruß Pt
Antwort auf Beitrag Nr.: 21.777.822 von ptcruser am 24.05.06 13:19:09Hier muß man nur abwarten können, alles läuft nach Plan
Antwort auf Beitrag Nr.: 21.783.460 von walterdergenaue am 24.05.06 17:18:34Was bedeutet denn nach Plan? Und wo kauft Ihr Eure Anteile? Das Angebot in Deutschland ist ja bescheiden.
Hallo, also ich habe Sie in Frankfurt bekommen!
Hat aber etwas gedauert.
Gruß Pt
Hat aber etwas gedauert.
Gruß Pt
Antwort auf Beitrag Nr.: 21.787.727 von ptcruser am 25.05.06 00:10:58Das kann ja nicht viel gewesen sein. Wenn man ein paar Kröten anlegen will o.k., aber für 2000 - 3000€ muss man ja gleich in Sidney ordern. Hier ist mir die Lage doch noch zu gefährlich. Erst sollte der Handel hier mal in Schwung kommen, dann steige ich auch ein.
auch hier wird wieder schön eingesammelt zu dem Minikurs
kommt Zeit,kommt Sinopec
kommt Zeit,kommt Sinopec
Antwort auf Beitrag Nr.: 21.820.514 von hainholz am 26.05.06 18:00:41600000 Stck heut über den Tresen,das hat was
Antwort auf Beitrag Nr.: 21.821.688 von hainholz am 26.05.06 18:30:23neuste News
June 01, 2006
UPDATE ON CURRENT PROJECTS
Lakes Oil N.L. (ASX listing code "LKO") wishes to advise the status of our current projects:
Eagle North-1 well California USA
In order to reduce the costs and to carry out the testing of this well in a more efficient manner a completion rig and coiled tubing unit have been secured. This has enabled the operator to release the more costly large drilling rig which has been on site for several months.
Although the cost of this well has "blown out" significantly the operator is hopeful that flow rates of up to 1,000 barrels of oil per day can be achieved. Lakes Oil holds 15% interest in this well and with the oil price currently at approximately $70 a barrel we would re-coup our cost reasonably quickly if the well should flow as anticipated. Current timing for re-entry and testing of the well is expected in the next 10-14 days.
Sinopec Status
As previously reported to the ASX on 5 May 2006 Lakes has signed a conditional agreement with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of "Sinopec") of Beijing. Sinopec is the largest oil and gas company in China.
This Agreement covers all Lakes Oil's permits and if it is implemented would see Sinopec becoming our joint venture partner and taking over the operatorship.
Lakes Oil has been advised that Sinopec is currently doing its due diligence in Beijing and continues to be keen to proceed with this project. Lakes Oil has also had discussions with several potential partners in the USA which are progressing.
Tight Gas Project
A recent report carried out by an independent organisation in the USA has indicated that the Wombat Field could hold up to 536BCF of gas in place and the Gangell Field 375BCF of gas in place. A conditional figure of between 32 BCF and 559 BCF of gas in place has been given for Trifon. (The large variance for the Trifon structure is dependant on the depth of the lowest recorded gas flow and this well still has zones which are yet to be fracture stimulated).
The report has indicated that based on the Wombat-2 well together with American experience the Wombat field developed on 40 acre spacing, could yield gas with a recovery factor of 50%.
Possibly the most interesting section of the report relates to the Wombat-2 well potential. In the past, 70,000 pounds of fracture proppant pellets were injected into the formation and induced fracture length of approximately 86 feet was achieved yielding the current 680,000 cubic feet of gas per day production rate. The report suggests that should a much larger amount of proppant be injected, resulting in fracture lengths of up to 600 feet from the wellbore to the tip, initial flow rates could be several times as great as our current flow. Current technology in the USA has some hydraulic fracture treatments carried out with over one million pounds of proppant injected, considerably larger than is currently carried out in Australia.
Lakes Oil wishes to emphasize that the report's references to these potential gas flows are based on a large number of assumptions, are subject to a large number of risks and there is a large degree of uncertainty associated with them. The potential gas flows should not be assumed to represent future reserves, which will depend on a variety of factors including the need to confirm their existence and characteristics and the ability to extract them in a commercial and cost effective manner.
By the same token, we remain confident of our tight gas project, we are continuing to consider the content and implications of the report, and are most encouraged by the Sinopec and USA interest. Both USA and China appear well ahead of Australia in relation to production of tight gas reservoirs.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
Also available as a PDF File (104K)
--------------------------------------------------------------------------------
June 01, 2006
APPOINTMENT OF DIRECTOR
Recently retired Victorian Government Solicitor James Syme has today joined the board of Lakes Oil N.L. (ASX listing code “LKO”). James was Victorian Government Solicitor for five years from 2001 to 2006. Prior to that he was with national law firm Corrs Chambers Westgarth for 34 years where he specialised in business law.
James was previously a member of the Lakes board from 1985 (when the company first listed) until 1997.
We welcome James on to the board and look forward to his active involvement with Lakes Oil.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
June 01, 2006
UPDATE ON CURRENT PROJECTS
Lakes Oil N.L. (ASX listing code "LKO") wishes to advise the status of our current projects:
Eagle North-1 well California USA
In order to reduce the costs and to carry out the testing of this well in a more efficient manner a completion rig and coiled tubing unit have been secured. This has enabled the operator to release the more costly large drilling rig which has been on site for several months.
Although the cost of this well has "blown out" significantly the operator is hopeful that flow rates of up to 1,000 barrels of oil per day can be achieved. Lakes Oil holds 15% interest in this well and with the oil price currently at approximately $70 a barrel we would re-coup our cost reasonably quickly if the well should flow as anticipated. Current timing for re-entry and testing of the well is expected in the next 10-14 days.
Sinopec Status
As previously reported to the ASX on 5 May 2006 Lakes has signed a conditional agreement with China Petrochemical Corp East China Petroleum Bureau (a subsidiary of "Sinopec") of Beijing. Sinopec is the largest oil and gas company in China.
This Agreement covers all Lakes Oil's permits and if it is implemented would see Sinopec becoming our joint venture partner and taking over the operatorship.
Lakes Oil has been advised that Sinopec is currently doing its due diligence in Beijing and continues to be keen to proceed with this project. Lakes Oil has also had discussions with several potential partners in the USA which are progressing.
Tight Gas Project
A recent report carried out by an independent organisation in the USA has indicated that the Wombat Field could hold up to 536BCF of gas in place and the Gangell Field 375BCF of gas in place. A conditional figure of between 32 BCF and 559 BCF of gas in place has been given for Trifon. (The large variance for the Trifon structure is dependant on the depth of the lowest recorded gas flow and this well still has zones which are yet to be fracture stimulated).
The report has indicated that based on the Wombat-2 well together with American experience the Wombat field developed on 40 acre spacing, could yield gas with a recovery factor of 50%.
Possibly the most interesting section of the report relates to the Wombat-2 well potential. In the past, 70,000 pounds of fracture proppant pellets were injected into the formation and induced fracture length of approximately 86 feet was achieved yielding the current 680,000 cubic feet of gas per day production rate. The report suggests that should a much larger amount of proppant be injected, resulting in fracture lengths of up to 600 feet from the wellbore to the tip, initial flow rates could be several times as great as our current flow. Current technology in the USA has some hydraulic fracture treatments carried out with over one million pounds of proppant injected, considerably larger than is currently carried out in Australia.
Lakes Oil wishes to emphasize that the report's references to these potential gas flows are based on a large number of assumptions, are subject to a large number of risks and there is a large degree of uncertainty associated with them. The potential gas flows should not be assumed to represent future reserves, which will depend on a variety of factors including the need to confirm their existence and characteristics and the ability to extract them in a commercial and cost effective manner.
By the same token, we remain confident of our tight gas project, we are continuing to consider the content and implications of the report, and are most encouraged by the Sinopec and USA interest. Both USA and China appear well ahead of Australia in relation to production of tight gas reservoirs.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
Also available as a PDF File (104K)
--------------------------------------------------------------------------------
June 01, 2006
APPOINTMENT OF DIRECTOR
Recently retired Victorian Government Solicitor James Syme has today joined the board of Lakes Oil N.L. (ASX listing code “LKO”). James was Victorian Government Solicitor for five years from 2001 to 2006. Prior to that he was with national law firm Corrs Chambers Westgarth for 34 years where he specialised in business law.
James was previously a member of the Lakes board from 1985 (when the company first listed) until 1997.
We welcome James on to the board and look forward to his active involvement with Lakes Oil.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
die sind schon rührig
Antwort auf Beitrag Nr.: 21.910.965 von hainholz am 01.06.06 19:16:37
Hallo hainholz, was ist mit Lakes Oil los?
Gruß Walter
Hallo hainholz, was ist mit Lakes Oil los?
Gruß Walter
Antwort auf Beitrag Nr.: 21.925.795 von walterdergenaue am 02.06.06 15:51:49June 02, 2006
PLACEMENT OF SHARES
Lakes Oil ("LKO") advises that it has today placed a total of 75,000,000 ordinary fully paid shares at 1.8 cents each to raise a total of $1,350,000 before brokerage. In addition, 25,000,000 unlisted options (on a 1:3 basis) are to be issued exercisable at 1.8 cents each expiring 2 June 2007. An appendix 3B will be issued at the time of allotment and receipt of cleared funds.
No shareholder approval to the placement is required.
Accordingly the trading halt can now be lifted.
The purpose of this placement is to raise funds working capital requirements and ongoing exploration activities, including additional costs for:-
Additional cost overruns in the testing of Eagle North-1 well in San Joaquin Basin California USA.
Re-entry of the Hunters Lane-1 well drilled in 1997.
Additional testing of the Trifon-2 and North Seaspray-3 wells.
Seismic survey currently being carried out in PEP 163 and PEP 164 onshore Otway Basin Western Victoria.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
hat wohl damit zu tun
PLACEMENT OF SHARES
Lakes Oil ("LKO") advises that it has today placed a total of 75,000,000 ordinary fully paid shares at 1.8 cents each to raise a total of $1,350,000 before brokerage. In addition, 25,000,000 unlisted options (on a 1:3 basis) are to be issued exercisable at 1.8 cents each expiring 2 June 2007. An appendix 3B will be issued at the time of allotment and receipt of cleared funds.
No shareholder approval to the placement is required.
Accordingly the trading halt can now be lifted.
The purpose of this placement is to raise funds working capital requirements and ongoing exploration activities, including additional costs for:-
Additional cost overruns in the testing of Eagle North-1 well in San Joaquin Basin California USA.
Re-entry of the Hunters Lane-1 well drilled in 1997.
Additional testing of the Trifon-2 and North Seaspray-3 wells.
Seismic survey currently being carried out in PEP 163 and PEP 164 onshore Otway Basin Western Victoria.
Yours sincerely
LAKES OIL N.L.
ROBERT J. ANNELLS
Chairman
hat wohl damit zu tun
Antwort auf Beitrag Nr.: 21.926.113 von hainholz am 02.06.06 16:05:54der Kurs ist nur wild getaxt,gehandelt wurde nicht
Hallo, bin mal gespannt wie es weitergeht.
Habe ja auch einige Shares von Lakes Oil
Stany Long
Pirat
Habe ja auch einige Shares von Lakes Oil
Stany Long
Pirat
Antwort auf Beitrag Nr.: 21.932.259 von Pirat_Micha am 03.06.06 08:16:54
Habe gestern auch eine taxe reingestellt, 100 000Stck zu 0,007 bis 30.6.2006
schönen TAG an alle Gruß Walter
Habe gestern auch eine taxe reingestellt, 100 000Stck zu 0,007 bis 30.6.2006
schönen TAG an alle Gruß Walter
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