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Re: december post# 1577

Saturday, 08/25/2007 11:25:15 PM

Saturday, August 25, 2007 11:25:15 PM

Post# of 5191
Yep & this company is about to initiate its fall drilling program and has highly sought after land claims courtesy of their ties with the First Nations which gives LCOL a massive competitive advantage over the majors in the same prolific area!!! So understanding LCOL's ties to the First Nations in Northern Alberta & the competitive advantage it gives 'em tells me partnerships with the majors will surely arrive sooner rather than later!!!

Also...the hit/miss ratio on the shallow gas plays in the Peace Arch region are astronomical to say the least...over 95%!!!! In fact LCOL drilled 8 wells and had 8 successful wells...these 8 shallow gas wells are already in place & there's 10 new wells to be drilled this fall. For those who understand the drilling costs associated with standard O&G plays you'll already know that required drilling depth is the key expense...so the fact that these are all shallow gas deposits means LCOL's drilling expenses will be minimal at best.

From where I sit this is an insanely undervalued bottom buster play set to break out to epic proportions!!!

I will not be surprised in the least to see the share price soaring into dollar-land within a matter of weeks...as due to LCOL's unique capacity to obtain land & the low cost operation...partnerships with the majors of the region are all but a given!!!

This is a phenomenal deal with oodles & oodles of upside & for those boarding early...this is going to be one helluva ride over the next 4 to 6 weeks and beyond!!!




"Never buy or sell based on anything I post - my posts are just my opinion"

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