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An update from Lakes Blue Energy NL ( (AU:LKO) ) is now available.
Lakes Blue Energy NL has received approval from the Victorian State Minister for Energy and Resources to drill the Wombat-5 well in Petroleum Retention Lease 2, subject to the agreement and payment of rehabilitation bonds. The drilling, set to commence in July 2025, is part of Lakes’ strategy to develop the Wombat field into a significant gas supplier, addressing anticipated gas shortages in the region.
More about Lakes Blue Energy NL
Lakes Blue Energy NL is an energy company focused on the exploration and development of gas resources. The company operates in the petroleum industry, with a market focus on addressing gas shortages, particularly on the East Coast of Australia.
Current Market Cap: A$58.43M
See more data about LKO stock on TipRanks’ Stock Analysis page.