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Lakes Blue Energy NL ( (AU:LKO) ) just unveiled an announcement.
Lakes Blue Energy NL has provided an update on its drilling operations at the Wombat-5 well in the Gippsland Basin, Victoria. The well has reached a depth of 3,052 meters, with a horizontal length of 1,500 meters, and is currently in the Strzelecki Formation. The company is preparing for further operations to address the bottomhole assembly, which could impact future drilling activities and resource extraction in the region.
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 engaged in drilling operations and aims to harness energy resources in the Gippsland Basin, Victoria.
Average Trading Volume: 262,715
Current Market Cap: A$94.03M
See more data about LKO stock on TipRanks’ Stock Analysis page.