Forum Archive Index - March 2000

[Derek Watt <dkw@paradise.net.nz>]

At 01:48 PM 3/29/00 +1200, you wrote:
>Lakes oil is moving up on the ASX to currently about 9 cents Australian
>(11.9 NZ)
>on the strength of drilling contract announcement
>

If this is so then this was a pretty delayed reaction by the asx.
I posted the same announcement here on Sharechat on
the 23rd !
Derek.


>23 March 2000
>Part 1/1
>--------
>LAKES OIL NL
>------------
>HOMEX - Melbourne
>-------------------------
>Signing of a drilling contract for North Seaspray-3
>The Board of Directors of Lakes Oil NL wishes to announce that the
>Company has recently executed a contract with a Melbourne-based
>drilling contractor in respect of the North Seaspray-3 exploration
>well in Petroleum Exploration Permit ("PEP") 137.
>The contract, dated March 22, 2000, states that the anticipated spud
>(commencement) date of the well will be approximately April 10, 2000.
>This date will be subject to the Company first receiving approval
>from the Victorian Department of Natural Resources and the
>Environment. It is estimated that the well will take in the order of
>20 days to drill, to the prognosed total depth of 1,170 metres.
>Any questions relating to this announcement should be directed to W.
>Robert Annells (Chairman), or Mr Thomas Howitt (Company Secretary),
>on Melbourne telephone (03) 9629 1566.
>T G Howitt
>COMPANY SECRETARY
>ends - AAP
>24-03 0000
>Nigel McCarter
>Safety Management and Information Services Ltd
>Box 23 019 Hamilton
>Phone 64 7 858 2429 Fax 64 858 2689
>Mobile 02 212 4901
>
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>

-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
-----------------------------------




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