Lakes Oil has had to reassure investors its wells are not “plugged and abandoned” after a Victorian government department incorrectly updated the status of the company’s projects on its website.
Lakes Oil (ASX:LKO) said Victoria’s department of resources changed the status of the Wombat-1, Wombat-3 and Wombat-4 wells to “other” and the Wombat-2 and Trifon-2 wells to “plugged and abandoned”.
“These changes to the status of the above wells were made by the department without any prior consultation with the company, and without its knowledge,” Lakes said.
“As far as the company is aware, there has been no new information whatsoever received by the department in relation to any of these wells which would warrant or explain the changes to their listed status.”
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