Kingslake Energy Inc.

KINGSLAKE ENERGY INC      



Kingslake Energy Inc. Sets Ten More Locations
2/14/2008      

DALLAS, Feb 14, 2008 (BUSINESS WIRE) --
Kingslake Energy Inc. (OTC: KGLJ) 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.

This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates," and variations of these words as well as similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

SOURCE: Kingslake Energy Inc.

Kingslake Energy, Inc. James R. Pagnum, 210-841-5759 Fax: 210-820-2609 http://www.kingslakeenergyinc.com info@kingslakeenergyinc.com or Investor: TheOpeningBell Newsletter John Gernannt, 478-254-4138 EquityResearchIR.com theopeningbell@cox.net

Copyright Business Wire 2008

 

KINGSLAKE ENERGY INC      



Kingslake Energy Announces Launch of New Corporate Website
2/15/2008      

SAN ANTONIO, Texas, Feb 15, 2008 (BUSINESS WIRE) --
Kingslake Energy Inc. (Pink Sheets: KGLJ) is pleased to announce that it has a completely new website located at: www.kingslakeenergyinc.com.

The newly updated and revised website includes information on the Company's Kentucky natural gas project. Recent photos include the first producing well and additional wells in progress.

ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy Inc. plans to become a presence in the multi-million dollar US natural gas exploration and production market. Currently, the Company explores in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.

This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates," and variations of these words as well as similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

SOURCE: Kingslake Energy Inc.

Kingslake Energy Inc. James R. Pagnum, 210-841-5759 Fax: 210-820-2609 info@kingslakeenergyinc.com http://www.kingslakeenergyinc.com

Copyright Business Wire 2008

 

Kingslake Energy launches new website
2/18/2008      

Feb 18, 2008 (TELECOMWORLDWIRE via COMTEX News Network) --
A new website has been launched by Kingslake Energy Inc (Pink Sheets: KGLJ), a gas exploration company which currently explores in the Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia and Virginia, USA.

According to Kingslake Energy, the website has been revised and updated and includes information on the company's natural gas project in Kentucky. It said recent photos include the first producing well and additional wells in progress.

The new website can be found at: http://www.kingslakeenergyinc.com.

Comments on this story may be sent to tww.feedback@m2.com

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© 2008 Stockgroup Media Inc. | Disclaimer


 

 

SAN ANTONIO--(BUSINESS WIRE)--Kingslake Energy Inc. (Pink Sheets: KGLJ - News) announced today that it has drilled and completed its first producing natural gas well in the proven Devonian Shale formation.
Kingslake Energy recently acquired 20,000 acres of strategic lease hold properties in the prolific Devonian Shale of the Appalachian Basin. The highly active formation is located in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia, where significant natural gas reserves have been confirmed on the property.

Kingslake is taking advantage of recent advances in drilling and completion techniques, which has made the Devonian shale gas a viable, profitable, and critical part of energy production in the United States.

Kingslake Energy plans to drill more than 200 wells on its more than 20,000 acres within the Devonian Shale. As the Company completes its drilling objectives, each well is expected to produce at the following rates:

A minimum of 50 mcf of gas per day
An initial net price of 80% of the NYMEX monthly Spot price
Daily gross (August/Sept. price) would equal $5.50 X 300 mcf totaling $1,650 per well, or $50,200 per well, per month


James R. Pagnum, President of Kingslake Energy, Inc. stated: “The Devonian Shale acquisition and corresponding discoveries confirms the Company’s position as a growing independent presence in the multi-billion dollar US natural gas exploration and production market.

“This recent purchase will significantly increases the Company’s revenues and net asset value for our shareholders. Further, Three additional seismic lines have confirmed the presence of still deeper natural gas zones within the lease block for future testing.

“With all of our recent developments we are very pleased to report the completion of our first producing well at Devonian Shale. We are confident that our other wells currently in production will produce at similar rates. With substantial geological evidence supporting our projections, we predict a drilling success rate of over 90%. This region of the prolific Devonian Shale is one of the most promising natural gas concessions in the nation.”

ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy, Inc. is becoming a commanding independent presence in the multi-million dollar US natural gas exploration and production market. Currently, the Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.
from T/A
O/S 299,072,720
Restricted 226,000,000
Float 73,072,720
http://www.kingslakeenergyinc.com/
co. number 1-210-841-5759
 

SAN ANTONIO--(BUSINESS WIRE)--Kingslake Energy Inc. (Pink Sheets: KGLJ - News) announced today that it has drilled and completed its first producing natural gas well in the proven Devonian Shale formation.
Kingslake Energy recently acquired 20,000 acres of strategic lease hold properties in the prolific Devonian Shale of the Appalachian Basin. The highly active formation is located in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia, where significant natural gas reserves have been confirmed on the property.

Kingslake is taking advantage of recent advances in drilling and completion techniques, which has made the Devonian shale gas a viable, profitable, and critical part of energy production in the United States.

Kingslake Energy plans to drill more than 200 wells on its more than 20,000 acres within the Devonian Shale. As the Company completes its drilling objectives, each well is expected to produce at the following rates:

A minimum of 50 mcf of gas per day
An initial net price of 80% of the NYMEX monthly Spot price
Daily gross (August/Sept. price) would equal $5.50 X 300 mcf totaling $1,650 per well, or $50,200 per well, per month


James R. Pagnum, President of Kingslake Energy, Inc. stated: “The Devonian Shale acquisition and corresponding discoveries confirms the Company’s position as a growing independent presence in the multi-billion dollar US natural gas exploration and production market.

“This recent purchase will significantly increases the Company’s revenues and net asset value for our shareholders. Further, Three additional seismic lines have confirmed the presence of still deeper natural gas zones within the lease block for future testing.

“With all of our recent developments we are very pleased to report the completion of our first producing well at Devonian Shale. We are confident that our other wells currently in production will produce at similar rates. With substantial geological evidence supporting our projections, we predict a drilling success rate of over 90%. This region of the prolific Devonian Shale is one of the most promising natural gas concessions in the nation.”

ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy, Inc. is becoming a commanding independent presence in the multi-million dollar US natural gas exploration and production market. Currently, the Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.
from T/A
O/S 299,072,720
Restricted 226,000,000
Float 73,072,720
http://www.kingslakeenergyinc.com/
co. number 1-210-841-5759
 

http://www.kingslakeenergyinc.com/#  

 

Kingslake Energy Projects First Producing Gas Well to Generate Minimum of $50,000 Per Month
Eight Additional Wells are Currently in Final Stages of Completion

Kingslake Energy Inc. (Pink Sheets: KGLJ) announced today that it has drilled and completed its first producing natural gas well in the proven Devonian Shale formation.

Kingslake Energy recently acquired 20,000 acres of strategic lease hold properties in the prolific Devonian Shale of the Appalachian Basin. The highly active formation is located in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia, where significant natural gas reserves have been confirmed on the property.

Kingslake is taking advantage of recent advances in drilling and completion techniques, which has made the Devonian shale gas a viable, profitable, and critical part of energy production in the United States.

Kingslake Energy plans to drill more than 200 wells on its more than 20,000 acres within the Devonian Shale. As the Company completes its drilling objectives, each well is expected to produce at the following rates:

A minimum of 50 mcf of gas per day  
An initial net price of 80% of the NYMEX monthly Spot price  
Daily gross (August/Sept. price) would equal $5.50 X 300 mcf totaling $1,650 per well, or $50,200 per well, per month  

James R. Pagnum, President of Kingslake Energy, Inc. stated: “The Devonian Shale acquisition and corresponding discoveries confirms the Company’s position as a growing independent presence in the multi-billion dollar US natural gas exploration and production market.

“This recent purchase will significantly increases the Company’s revenues and net asset value for our shareholders. Further, Three additional seismic lines have confirmed the presence of still deeper natural gas zones within the lease block for future testing.

“With all of our recent developments we are very pleased to report the completion of our first producing well at Devonian Shale. We are confident that our other wells currently in production will produce at similar rates. With substantial geological evidence supporting our projections, we predict a drilling success rate of over 90%. This region of the prolific Devonian Shale is one of the most promising natural gas concessions in the nation.”

ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy, Inc. is becoming a commanding independent presence in the multi-million dollar US natural gas exploration and production market. Currently, the Company explores and drills in the prolific Appalachian Basin, an area encompassing Kentucky, Tennessee, West Virginia, and Virginia.

This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates," and variations of these words as well as similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.


Kingslake Energy Inc.
James R. Pagnum, 210-841-5759
President
Fax: 210-820-2609
info@kingslakeenergyinc.com
http://www.kingslakeenergyinc.com



 

Kingslake Energy Outlines 4-Point Growth Strategy
Kingslake Energy, Inc. (Pink Sheets:KGLJ) announces a four-point growth strategy. The natural gas exploration and development company’s current projects are located in the prolific Appalachian Basin. The area encompasses Kentucky, Tennessee, West Virginia, and Virginia. Kingslake holds strategic oil and gas leases in Kentucky covering 20,000 acres, more or less. The natural gas rich Devonian Shale formation underlies the entire lease area.

“We have embarked on an aggressive four-point growth strategy focused on acquiring and developing promising natural gas leases while maintaining our financial strength,” commented James R. Pagnum, president of Kingslake Energy, Inc. “We believe that adherence to these four principles will guide us as we continue to expand our portfolio of oil and gas properties in our mission to create sustainable, long-term growth.”

The four-points of Kingslake’s growth plan are:

Identify and Develop Unconventional Resources
Explore in High-potential, Proven Basins
Ensure Financial Discipline and Flexibility
Growth by the drill bit
ABOUT KINGSLAKE ENERGY INC.

Kingslake Energy, Inc. plans to become 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.

This document may contain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates," and variations of these words as well as similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.


Kingslake Energy, Inc.
James R. Pagnum, 210-841-5759
Fax: 210-820-2609
info@kingslakeenergyinc.com
http://www.kingslakeenergyinc.com
or
Investor Relations
TheOpeningBell Newsletter
John Gernannt, 478-254-4138
EquityResearchIR.com
theopeningbell@cox.net




Source: Business Wire (February 13, 2008 - 8:47 AM EST)

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zugreifen  

Float is extremely low for this type of stock! This stock s/b trading above .30 as we speak imo. If this breaks .025 by 3 PM, we could see a close above .03 today and gap even higer tomorrow!
imo  

Real strong steady buying....sold a few @ .0249 from .0095...always gotta take some profits...now I'll hold on for the ride......

 

OK well it looks great!  

$1.00 is realistic here, it was over $1.00 before the 144 anticipation sales came flowing in, then the 144 sales hit
now it will go back to where it should be trading at well over .50
imo  

52 Week High bei US$ 9.00 bei Kurs: 0.026 = 34615%  

best thing is there will be no significant sellers until at least .15 or .20, then off to .50+
this is a free powerball ticket imo
should go back to .50+ post press release  

http://aktien.wallstreet-online.de/464536.html  

KGLJ SK:0.03 = 200 % BID:0.03/Ask:0.032 BID SIZE: 8760000 ASK SIZE 500000 UMSATZ:10.507,417 Stck. - Heutihes Datum 22.02.2007

Ihr wißt was das heißt, wenn wir davor bei $ 1.00 waren under 52 Week High bei $ 9.00 lag.

Strong Buy.

PS: Ich werde immer nachkaufen  

This one looks like a 10 bagger from  

IS very good like.Richtung steil Richtung North/East  

KGLJ Chart vom 22.02.2008  

By the looks of the pictures on the new website it appears that drilling is well underway and we may be getting some news soon......http://www.kingslakeenergyinc.com/ and click on photo gallery for pics....