Forum Archive Index - March 2000

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

Fair is foul and foul is fair.

Took a punt on LKO at 6.1 c, they seem to be going up, much to my amazement.
Others I've bought like SPE (at 25c today) go down much to my amazement.
I give up trying to figure out short term share fluctuations.

Cheers,
Derek

---

23 March, 2000

NORTH SEASPRAY-3

The Board of Directors of Lakes Oil N.L. 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 Mr.
Robert Annells (Chairman), or Mr. Thomas Howitt (Company Secretary), on
Melbourne telephone (03) 9629 1566.

Yours sincerely,
LAKES OIL N.L.


THOMAS G. HOWITT
Company Secretary


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




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