The British Columbia Securities Commission heard submissions from staff and the respondent's lawyers in the matter of the non-compliance of LOM (Holdings) Ltd. and Lines Overseas Management Ltd. (collectively, LOM) in a BCSC investigation into an odd trading pattern in San Telmo Energy Ltd. in 2002 and 2003. BCSC staff also mentioned that they would like to know who was behind some trading in Northern Continental Resources Inc., but no further mention of that company was made at the day-long hearing.