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LAKES BLUE ENERGY NL - News & Media

Market Cap $58.8K  ! watchlist Created with Sketch. Add to my watchlist

Lakes Blue Energy NL (LKO) is an Australia-based company, which is engaged in the... Lakes Blue Energy NL (LKO) is an Australia-based company, which is engaged in the exploration for oil and gas within Australia and Papua New Guinea. Its projects include Nangwarry Carbon Dioxide, Wombat Gas Field, Trifon/Gangell Gas Field, Baragwanath Gas Field, Roma Shelf Project, Enterprise North, Otway-1, Portland Energy Project, and Buna. Through its subsidiary, Otway Energy Pty Ltd, the Company holds 50% of, and operates, PRL 249. PRL 249 contains the Nangwarry Carbon Dioxide Project. Through Gippsland, it focuses on Petroleum Retention Lease 2 (PRL2), within which the Wombat (100% LKO) and Trifon/Gangell (100% LKO) gas fields are located. It holds 100% of ATP 1183, which is located in the Roma Shelf area of Queensland. The Otway-1 well is a conventional well located adjacent to the existing lona gas field. The well shall be drilled to a depth of approximately 1,500 metres and target gas in both the Waarre Sands and the Eumeralla Formation, and oil in the Pebble Point Sandstone.More

Corporate Spotlight

Lakes Oil is the oldest oil company in Australia and was formed in 1946 in Lakes Entrance, Victoria. Lakes has been exploring across Victoria for “tight” gas and shale oil and gas. Has spent over $80m on exploration activities within Victoria.
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