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Lakes Oil

DB:LKS
Snowflake Description

Mediocre balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LKS
DB
A$50M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Lakes Oil NL, together with its subsidiaries, engages in the exploration of oil and gas properties in Australia, the United States, and Papua New Guinea. The last earnings update was 66 days ago. More info.


Add to Portfolio Compare Print
  • Lakes Oil has significant price volatility in the past 3 months.
LKS Share Price and Events
7 Day Returns
0%
DB:LKS
4.7%
DE Oil and Gas
0.4%
DE Market
1 Year Returns
0%
DB:LKS
97.9%
DE Oil and Gas
20%
DE Market
LKS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lakes Oil (LKS) 0% 0% 900% 0% 0% 0%
DE Oil and Gas 4.7% 22.6% 47.2% 97.9% 60.4% 281.9%
DE Market 0.4% 0.9% 8.3% 20% 7.9% 18.7%
1 Year Return vs Industry and Market
  • LKS underperformed the Oil and Gas industry which returned 97.9% over the past year.
  • LKS underperformed the Market in Germany which returned 20% over the past year.
Price Volatility
LKS
Industry
5yr Volatility vs Market

LKS Value

 Is Lakes Oil undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lakes Oil. This is due to cash flow or dividend data being unavailable. The share price is €0.001.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lakes Oil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lakes Oil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LKS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.00
ASX:LKO Share Price ** ASX (2019-09-30) in AUD A$0
Europe Oil and Gas Industry PE Ratio Median Figure of 99 Publicly-Listed Oil and Gas Companies 10.04x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 21.34x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lakes Oil.

DB:LKS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:LKO Share Price ÷ EPS (both in AUD)

= 0 ÷ 0.00

-13.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakes Oil is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Lakes Oil is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Lakes Oil's expected growth come at a high price?
Raw Data
DB:LKS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
0.7%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 64 Publicly-Listed Oil and Gas Companies 0.81x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.41x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lakes Oil, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lakes Oil's assets?
Raw Data
DB:LKS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.00
ASX:LKO Share Price * ASX (2019-09-30) in AUD A$0
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1.16x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.87x
DB:LKS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:LKO Share Price ÷ Book Value per Share (both in AUD)

= 0 ÷ 0.00

3.09x

* Primary Listing of Lakes Oil.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakes Oil is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Lakes Oil's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Lakes Oil has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LKS Future Performance

 How is Lakes Oil expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lakes Oil expected to grow at an attractive rate?
  • Unable to compare Lakes Oil's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Lakes Oil's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Lakes Oil's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LKS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LKS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 0.7%
DB:LKS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 59.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:LKS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LKS Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 0 -2 -3 1
2020-06-30 0 -2 -3 1
DB:LKS Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 0 -4 -3
2019-03-31 0 -3 -3
2018-12-31 0 -3 -4
2018-09-30 0 -3 -3
2018-06-30 0 -2 -2
2018-03-31 0 -3 -2
2017-12-31 0 -3 -3
2017-09-30 0 -3 -5
2017-06-30 0 -3 -8
2017-03-31 0 -3 -31
2016-12-31 0 -3 -55
2016-09-30 0 -3 -52

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lakes Oil is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Lakes Oil's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LKS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Lakes Oil Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LKS Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.00 0.00 0.00 1.00
2020-06-30 0.00 0.00 0.00 1.00
DB:LKS Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.00
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 0.00
2017-09-30 0.00
2017-06-30 0.00
2017-03-31 0.00
2016-12-31 0.00
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lakes Oil will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess Lakes Oil's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lakes Oil has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LKS Past Performance

  How has Lakes Oil performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lakes Oil's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lakes Oil does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Lakes Oil's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lakes Oil's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Lakes Oil's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lakes Oil Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LKS Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 0.02 -3.36 2.67 1.28
2019-03-31 0.02 -3.45 2.52 1.15
2018-12-31 0.02 -3.54 2.36 1.02
2018-09-30 0.02 -2.79 2.06 0.51
2018-06-30 0.02 -2.04 1.76
2018-03-31 0.04 -2.46 2.14
2017-12-31 0.06 -2.89 2.51
2017-09-30 0.08 -5.25 2.77
2017-06-30 0.11 -7.61 3.03
2017-03-31 0.10 -31.16 3.03
2016-12-31 0.10 -54.72 3.04
2016-09-30 0.09 -52.15 3.10
2016-06-30 0.07 -49.59 3.15
2016-03-31 0.06 -25.94 3.13
2015-12-31 0.05 -2.29 3.10
2015-09-30 0.19 -2.52 3.00
2015-06-30 0.33 -2.74 2.90
2015-03-31 0.54 -2.70 2.85
2014-12-31 0.75 -2.67 2.81
2014-09-30 0.62 -2.92 2.86
2014-06-30 0.49 -3.17 2.92
2014-03-31 0.20 -3.00 2.94
2013-12-31 -0.08 -2.82 2.95
2013-09-30 -0.09 -2.89 3.03
2013-06-30 -0.10 -2.95 3.11
2013-03-31 -0.21 -3.14 3.04
2012-12-31 -0.31 -3.34 2.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lakes Oil has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lakes Oil has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lakes Oil improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lakes Oil's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lakes Oil has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LKS Health

 How is Lakes Oil's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lakes Oil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lakes Oil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lakes Oil's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lakes Oil's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Lakes Oil has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lakes Oil Company Filings, last reported 5 months ago.

DB:LKS Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 16.29 0.00 2.47
2019-03-31 16.29 0.00 2.47
2018-12-31 14.42 0.00 3.07
2018-09-30 14.42 0.00 3.07
2018-06-30 13.20 0.00 1.29
2018-03-31 13.20 0.00 1.29
2017-12-31 14.05 1.06 3.50
2017-09-30 14.05 1.06 3.50
2017-06-30 11.08 1.13 0.59
2017-03-31 11.08 1.13 0.59
2016-12-31 1.97 1.29 0.54
2016-09-30 1.97 1.29 0.54
2016-06-30 6.82 1.22 1.69
2016-03-31 6.82 1.22 1.69
2015-12-31 55.36 0.42 2.03
2015-09-30 55.36 0.42 2.03
2015-06-30 56.01 1.69 3.79
2015-03-31 56.01 1.69 3.79
2014-12-31 54.09 0.00 1.45
2014-09-30 54.09 0.00 1.45
2014-06-30 55.22 0.08 3.88
2014-03-31 55.22 0.08 3.88
2013-12-31 56.72 0.17 3.98
2013-09-30 56.72 0.17 3.98
2013-06-30 57.98 1.92 7.88
2013-03-31 57.98 1.92 7.88
2012-12-31 53.93 1.41 3.90
  • Lakes Oil has no debt.
  • Lakes Oil has no debt compared to 5 years ago when it was 0.1%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Lakes Oil has less than a year of cash runway based on current free cash flow.
  • Lakes Oil has less than a year of cash runway if free cash flow continues to grow at historical rates of 7.9% each year.
X
Financial health checks
We assess Lakes Oil's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lakes Oil has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LKS Dividends

 What is Lakes Oil's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lakes Oil dividends.
If you bought €2,000 of Lakes Oil shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lakes Oil's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lakes Oil's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:LKS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 5.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:LKS Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lakes Oil has not reported any payouts.
  • Unable to verify if Lakes Oil's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lakes Oil's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lakes Oil has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lakes Oil's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lakes Oil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lakes Oil has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LKS Management

 What is the CEO of Lakes Oil's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Roland Sleeman
COMPENSATION A$304,247
TENURE AS CEO 3.5 years
CEO Bio

Mr. Roland Kingsbury Sleeman, B.Eng (Mech), MBA has been Director of Rawson Oil and Gas Limited since August, 2018. He has been Chief Executive Officer and Director of Lakes Oil NL since June 8, 2016 and November 21, 2019 respectively. Mr. Sleeman served as the Managing Director of Lakes Oil NL since June 2016. Mr. Sleeman served as the Chief Commercial Officer of Eastern Star Gas Ltd. since November 1, 2007 and also served as its General Manager of Commercial. Mr. Sleeman has served senior management roles, including with AGL and as General Manager of the Goldfields Gas Pipeline. He provided specialist commercial, regulatory and project development advice to both the public and private sectors. His extensive Australian energy industry experience, including gas, coal and electricity contracting. Mr. Sleeman is a highly regarded energy industry executive and advisor. Mr Sleeman is the Independent Market Operator of WA and he has been involved in the provision of technical and commercial advice to parties including the Australian Energy Regulator and the Northern Territory Power and Water Corporation. Mr. Sleeman has over 30 years' experience in oil and gas as well as utilities and infrastructure. Mr. Sleeman has extensive engineering and business experience including negotiation of gas sales agreements that provided a foundation for development of the North West Shelf Project, commercialisation of new gas and power station opportunities and management of major gas transmission pipeline infrastructure. He has been Independent Non-Executive Director at Armour Energy Limited since October 11, 2011. He served as a Director of Lakes Oil NL since August 19, 2016. He has been a Director of Epic Energy Corporate Shared Services Pty Ltd. since December 14, 2012. In 2004, he authored the Government and industry sponsored landmark report titled Facilitating the Development of Natural Gas in Northeastern NSW. He holds a Bachelor of Engineering (Mechanical) and Master of Business Administration qualifications, both from the University of Western Australia.

CEO Compensation
  • Roland's compensation has increased whilst company is loss making.
  • Roland's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Lakes Oil management team in years:

3.5
Average Tenure
  • The tenure for the Lakes Oil management team is about average.
Management Team

Roland Sleeman

TITLE
CEO & Director
COMPENSATION
A$304K
TENURE
3.5 yrs

Tim O’Brien

TITLE
Operations Manager
COMPENSATION
A$263K
TENURE
12.9 yrs

Melanie Jaye Leydin

TITLE
CFO & Company Secretary
AGE
46
TENURE
3.4 yrs

Bob Thompson

TITLE
Executive Officer

Sarah Rooke

TITLE
Executive Officer

Theo Theophanous

TITLE
Executive Officer

Guy Holdgate

TITLE
Technical Consultant
Board of Directors Tenure

Average tenure of the Lakes Oil board of directors in years:

1.3
Average Tenure
  • The average tenure for the Lakes Oil board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roland Sleeman

TITLE
CEO & Director
COMPENSATION
A$304K
TENURE
0.1 yrs

Nick Mather

TITLE
Non-Executive Director
COMPENSATION
A$33K
AGE
62
TENURE
7.8 yrs

Richard Ash

TITLE
Non-Executive Director
COMPENSATION
A$29K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
17. Jul 19 Buy Sari Holdings Pty Ltd Company 12. Jul 19 12. Jul 19 2,777,780 €0.00 €1,727
17. Jul 19 Buy Christopher Tonkin Individual 12. Jul 19 12. Jul 19 1,843,780 €0.00 €1,146
17. Jul 19 Buy Samuel Capital Pty Ltd Company 12. Jul 19 12. Jul 19 2,777,780 €0.00 €1,727
17. Jul 19 Buy Kyle Wightman Individual 12. Jul 19 12. Jul 19 2,293,780 €0.00 €1,426
17. Jul 19 Buy Ian Plimer Individual 12. Jul 19 12. Jul 19 1,843,780 €0.00 €1,146
12. Jul 19 Sell Hancock Prospecting Pty Ltd. Company 16. Mar 19 09. Jul 19 -280,956,098 €0.00 €-174,786
19. Jun 19 Buy Sari Holdings Pty Ltd Company 14. Jun 19 14. Jun 19 2,777,780 €0.00 €1,701
19. Jun 19 Buy Christopher Tonkin Individual 14. Jun 19 14. Jun 19 1,843,780 €0.00 €1,129
19. Jun 19 Buy Samuel Capital Pty Ltd Company 14. Jun 19 14. Jun 19 2,777,780 €0.00 €1,701
19. Jun 19 Buy Kyle Wightman Individual 14. Jun 19 14. Jun 19 2,293,780 €0.00 €1,404
19. Jun 19 Buy Ian Plimer Individual 14. Jun 19 14. Jun 19 1,843,780 €0.00 €1,129
16. May 19 Buy Sari Holdings Pty Ltd Company 10. May 19 10. May 19 2,777,780 €0.00 €1,730
16. May 19 Buy Christopher Tonkin Individual 10. May 19 10. May 19 1,843,780 €0.00 €1,148
16. May 19 Buy Samuel Capital Pty Ltd Company 10. May 19 10. May 19 2,777,780 €0.00 €1,730
16. May 19 Buy Kyle Wightman Individual 10. May 19 10. May 19 2,293,780 €0.00 €1,428
16. May 19 Buy Ian Plimer Individual 10. May 19 10. May 19 1,843,780 €0.00 €1,148
20. Mar 19 Sell Hancock Prospecting Pty Ltd. Company 18. Mar 19 19. Mar 19 -164,553,902 €0.00 €-102,930
18. Mar 19 Buy Sari Holdings Pty Ltd Company 14. Mar 19 14. Mar 19 2,777,780 €0.00 €1,735
18. Mar 19 Buy Christopher Tonkin Individual 14. Mar 19 14. Mar 19 1,843,780 €0.00 €1,152
18. Mar 19 Buy Barney Berold Individual 14. Mar 19 14. Mar 19 1,843,780 €0.00 €1,152
18. Mar 19 Buy Samuel Capital Pty Ltd Company 14. Mar 19 14. Mar 19 2,777,780 €0.00 €1,735
18. Mar 19 Buy Kyle Wightman Individual 14. Mar 19 14. Mar 19 2,293,780 €0.00 €1,433
18. Mar 19 Buy Ian Plimer Individual 14. Mar 19 14. Mar 19 1,843,780 €0.00 €1,152
25. Feb 19 Buy Christopher Tonkin Individual 22. Feb 19 22. Feb 19 11,437,360 €0.00 €7,202
25. Feb 19 Buy Richard Ash Individual 22. Feb 19 22. Feb 19 4,470,000 €0.00 €2,815
25. Feb 19 Buy Barney Berold Individual 22. Feb 19 22. Feb 19 10,801,930 €0.00 €6,802
25. Feb 19 Buy Samuel Capital Pty Ltd Company 22. Feb 19 22. Feb 19 13,981,500 €0.00 €8,804
25. Feb 19 Buy Kyle Wightman Individual 22. Feb 19 22. Feb 19 13,342,330 €0.00 €8,401
25. Feb 19 Buy Ian Plimer Individual 22. Feb 19 22. Feb 19 11,812,360 €0.00 €7,438
22. Feb 19 Buy Dark Horse Resources Limited Company 22. Feb 19 22. Feb 19 500,000,000 €0.00 €314,397
X
Management checks
We assess Lakes Oil's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lakes Oil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LKS News

Simply Wall St News

LKS Company Info

Description

Lakes Oil NL, together with its subsidiaries, engages in the exploration of oil and gas properties in Australia, the United States, and Papua New Guinea. It holds interests in various exploration permits located onshore Gippsland basin and onshore Otway basin, Victoria; onshore Queensland; and onshore South Australia, as well as a 17.97% interest in the Eagle prospect located onshore California, the United States. The company was founded in 1946 and is based in South Melbourne, Australia.

Details
Name: Lakes Oil NL
LKS
Exchange: DB
Founded: 1946
A$31,274,793
33,377,486,461
Website: http://lakesoil.net.au
Address: Lakes Oil NL
100 Albert Road,
Level 4,
South Melbourne,
Victoria, 3205,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX LKO Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
OTCPK LKOL.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB LKS Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
CHIA LKO Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Lakes Oil employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/28 20:50
End of day share price update: 2019/09/30 00:00
Last estimates confirmation: 2019/12/19
Last earnings filing: 2019/10/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.