Lakes Blue Energy NL
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.
The business
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 Oil and Gas 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 (57.2% LKO) gas fields are located. It holds 100% of ATP 1183, which is located in the Roma Shelf area of Queensland. ATP 1183 contains multiple oil and gas exploration targets, including Wellesley, Riverslea Updip, Major, Emu Apple, and Bendee, with significant conventional prospective resource potential.
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Latest news
Lakes Blue Energy Outlines $605m Wombat Gas Project Development Case
Lakes Blue Energy eyes $605m NPV for Wombat gas as Victorian govt talks; 1.4-year payback, first gas 2029, IRR 58%, boosts domestic gas security.
Lakes Blue Energy advances Wombat-5 testing, targets late-August next phase pending approvals
Lakes Blue Energy advances Wombat-5 testing: 3 gas zones identified, pressure at 1,764 psi, targeting late-August 2026 reservoir phase pending approvals.
Vintage Energy targets food-grade CO₂ market with Nangwarry gas development
Vintage Energy (ASX: VEN) is confident it can add to its successes at the Vali and Odin fields with the development of the Nangwarry project in South Australia. While the company’s major focus remains on the growth of Vali and Odin and its gas sales to the energy-hungry east coast market, Vintage has also identified […]
Vintage Energy upgrades Nangwarry carbon dioxide resource
Oil and gas explorer Vintage Energy (ASX: VEN) has announced an upgrade to the carbon dioxide resource estimate of its Nangwarry field in South Australia’s onshore Otway Basin. Following the independent review of data from extended flow testing of the Nangwarry-1 well, the Nangwarry best case saleable carbon dioxide resource estimate has been revised from […]
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