Recommended level of 30 for this weapon. No damage bonus if you are lower than 30. Looks awesome on my ogre SK. Very long and grey with white rings around the long spike with a gold design on the brown handle. Soon as I entered the Nexus I was inspected. The next time I went in I was inspected twice and players were saying 'cool lance.' Bought it for 4pp in the Bazaar. I am the master of deals, Muahahahaha.
I actually had it drop last night off of a Drunken Pirate close to the zone line to the gulf of gunthak. Tried to sell it to a vendor, but he wouldn't take it. Probably will end up giving it to a friend. And yes, a 54 necro can take it. I took it at 48.
Go across the water to the beach from the light house. Stay right on the beach until you get to the tunnel. Stay right all the way through the tunnel until you get to the second pirate area. Stay right against the water and go back to the cliffs. Follow cliffs until the first passage through. That's the passage to Dulak's. Use invis all the way and nothing will see you. Seems nothing in zone can see through invis.