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Lakes Blue Energy NL ( (AU:LKO) ) has provided 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 drilling is currently at a depth of 470 meters, with the target formation being the Strzelecki Formation at a depth of 1,360 meters. The company is reviewing the drilling contractor’s report and is in discussions regarding the progress, indicating ongoing efforts to achieve its drilling objectives.
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 involved in drilling operations, particularly in regions like the Gippsland Basin, Victoria, with a market focus on expanding its energy resource base.
Average Trading Volume: 279,254
Current Market Cap: A$65.89M
For a thorough assessment of LKO stock, go to TipRanks’ Stock Analysis page.