Interesting company. They currently have PROVED up the largest uncontracted gas reserves on the East Coast.

In addition LCK expect to announce further increase in reserves.

The following are extracts from LCK's recent update.

The Company had already been in discussions with over a dozen potential partners who have applied for the regulatory approvals they require to move the project forward.

Discussions with offtakers and gas purchasers have progressed to the point where LCK has engaged legal counsel to draft and document these commercial arrangements. These offtake discussions are being held with companies with considerable energy needs or operations that would require the gas from the LCEP to service power, industrial needs and feedstock for major industrial applications. These purchasers all have considerable assets and operations in Asia and Australia. The Company will continue to advance these commercial arrangements and will update the market in due course.

Managing Director’s Comments LCK Managing Director Phil Staveley commented: “Since the maiden 2P announcement, interest in LCK’s gas reserves has magnified, and the Company has progressed with commercialising the LCEP on several fronts. Rapid progress is being made with our strategic partners to the point where they have applied for their regulatory approvals and we are pleased with the reception and strong interest we have received from large Australian and international corporations interested in forming commercial arrangement with LCK. We look forward to updating the market on these arrangements as they progress to binding agreements that maps out LCK’s way forward to its commercialisation path in the very near future.”