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Lakes Blue Energy NL ( (AU:LKO) ) has issued an update.
Lakes Blue Energy NL announced a $6.5 million placement to support drilling operations at Wombat 5. The company clarified an error in a previous release regarding its ownership stake in the Trifon-Gangell field, confirming it holds 100% ownership. This capital raising is expected to enhance the company’s operational capabilities and strengthen its position in the energy sector.
More about Lakes Blue Energy NL
Lakes Blue Energy NL operates in the energy sector, focusing on the exploration and development of oil and gas resources. The company is primarily engaged in activities related to the Trifon-Gangell field, where it holds full ownership.
Current Market Cap: A$58.43M
For a thorough assessment of LKO stock, go to TipRanks’ Stock Analysis page.