Lodestone Energy (LOD)

Shares / Stock Code

LOD

Stock Exchange / Sharemarket

Australian Securities Exchange

Lodestone Energy (LOD) was earlier known as Lodestone Exploration. The company's focus has shifted from exploring for minerals to exploring for energy so that it can respond to the surge in energy requirements around the globe. The company aims to be a supplier of coal seam gas and lower carbon dioxide emitting coals from its Walloon Coal projects to export and domestic markets.

Lodestone Exploration was incorporated in 1996. The company's name was changed to Lodestone Energy in 2009 to reflect its changed focus on energy exploration. Lodestone Energy listed on the Australian stockmarket (ASX) 17 March, 2003.

LOD's Walloon Coals contain up to 30% more organically bound hydrogen than moat other thermal coals, so when they are burned they produce lower emissions of carbon dioxide, providing for a more environment-friendly fuel option.Major competitors include companies exploring for coal and CSG. LOD is still in exploration phase, and, as such, has no customers.Lodestone operates in three segments: coal, which is engaged in exploration of coal; oil and gas, which includes exploration of oil and gas, and base metals. On December 1, 2008, Lodestone incorporated new subsidiary, Lodestone Coal Pty Limited. On December 2, 2008, Lodestone incorporated new subsidiary, Lodestone CSG Pty Limited.

Lodestone Energy (LOD) Products and Services

  • Coal Seam Gas, Coal and Base Metals Exploration

Lodestone Energy (LOD) Locations and Subsidiaries

Lodestone Energy Head Office
C/- Stanley Yeates & Associates, Chartered Accountants, Level 1, 101 Edward Street,
BRISBANE, QLD, AUSTRALIA, 4000
Phone: 61 7 3221 6022
Fax: 61 7 3221 6625

Lodestone Energy (LOD) Share Price

Submitted by ASX Listed Company on 12 May, 2010 - 18:50

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