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This one just kinda tanked. From .30 down to .01 in about two days. Could be a huge bounce imo.
Outstanding Shares 63,062,720 as of Oct 15, 2007 Authorized Shares 500,000,000 as of Oct 15, 2007 Float 46,550,700 as of Oct 15, 2007
Incorrectlogin
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Feb 14, 2008 (M2 PRESSWIRE via COMTEX) -- New York-***************.com, announces the following companies as high potential, Future Bulls: Kingslake Energy Inc. (PinkSheets: KGLJ), UOMO Media Inc. (OTCBB: UOMO), Yahoo Inc. (NASDAQ: YHOO) Come visit ***************.com to sign up for our free Newsletter, where you will receive detailed information on these companies and more!
DALLAS, Feb 14, 2008 -- Kingslake Energy Inc.announces that it has permitted four locations and picked six others for a total of 10 natural gas well locations on its 20,000 acres of oil and gas leases located in the highly active Devonian Shale Area, in Morgan County, Kentucky.
The Company, ahead of schedule, has drilled eight natural gas wells. Four wells have just been placed in production and four wells are in completion phase.
Kinglake's president James Pagnum commented, "Our extensive geology study shows a uniform deposition of Devonian Shale across the lease holdings. It is not uncommon for these highly stable wells to produce at a steady rate for decades. We are confident that in light of efficient recovery technology and soaring energy prices, our progress in the Devonian Shale represents a tremendous investment opportunity for our company and shareholders." ABOUT KINGSLAKE ENERGY INC.
Kingslake Energy, Inc. Plans to become a significant presence in the multi-billion dollar US natural gas exploration and production market. The Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.
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