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The latest announcement is out from Lakes Blue Energy NL ( (AU:LKO) ).
Lakes Blue Energy NL has provided an update on its drilling operations at the Wombat-5 well in the Gippsland Basin, Victoria. As of August 4, 2025, the well has reached a depth of 362 meters, with successful installation and testing of the blow out preventer and casing. The progress indicates a steady advancement towards the target formation depth, which could enhance the company’s resource base and industry standing.
More about Lakes Blue Energy NL
Lakes Blue Energy NL operates in the energy sector, focusing on exploration and development of oil and gas resources. The company is engaged in drilling operations in the Gippsland Basin, Victoria, aiming to tap into the Strzelecki Formation.
Average Trading Volume: 335,674
Current Market Cap: A$77.45M
See more insights into LKO stock on TipRanks’ Stock Analysis page.