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Lakes Blue Energy NL ( (AU:LKO) ) just unveiled an update.
Lakes Blue Energy NL has successfully installed the wellhead for the Wombat-5 well in the Gippsland Basin, Victoria, and released the drilling rig. The company is preparing for production testing, with a workover unit and gas flow test package scheduled to arrive on November 10, indicating progress in their exploration efforts and potential future gas production.
More about Lakes Blue Energy NL
Lakes Blue Energy NL operates in the energy sector, focusing on the exploration and production of natural gas resources. The company is involved in drilling operations and aims to enhance its market position by developing its assets in the Gippsland Basin, Victoria.
Average Trading Volume: 274,702
Current Market Cap: A$73.98M
See more insights into LKO stock on TipRanks’ Stock Analysis page.