Kingslake Energy Inc. (fka KGLJ)

[John 19-35]

gunnin4u I am just answering your question and I not trying to pump this. This is strictly a rumor from a possible misprint in a PR and someone came in and denied it was true, although personally I don’t know why CHK would want to buy KGLK (not a related industry). The PR said KGLJ. KGLJ and CHK are drilling the same layer in KY and the main office for CHK is in Oklahoma. I'd like to know who energy traiders is.

This is from the CHK board on Yahoo:

WILL CHESAPEAKE BUY KGLJ? 25-Feb-08 08:08 pm KGLJ could be a prime takeover target for Chesapeake. At least that's the latest
word from energy traders. Most of the leases owned by KGLJ fall right into Cpeakes
back yard. They're geologically rich and fit the acquisition profile for an 'early stage'
takeover. 'If the chemistry works and the numbers crunch, KGLJ could be a clean
buyout play with valuations in the three to five dollar a share range.'