News - Lakes Oil, Armour Energy to spud Otway Basin gas exploration well
Lakes Oil (ASX: LKO) and Armour Energy expect to next week spud the Moreys-1 gas exploration well in the onshore Otway Basin that could result in early cash flow if successful.The Moreys prospect is a...
View ArticleNews - Lakes Oil, Armour Energy spud onshore Otway Basin gas exploration well
Lakes Oil (ASX: LKO) and the soon to be listed Armour Energy have spudded a gas exploration well in the onshore Otway Basin that can be quickly commercialised in the event of a successful...
View ArticleNews - Lakes Oil drilling ahead at Otway Basin well after test tool became...
Lakes Oil (ASX: LKO) is pressing ahead with its Moreys-1 well in the onshore Otway Basin, Victoria, after failing to complete drill stem testing of an interval.The company said further evaluation,...
View ArticleNews - Lakes Oil makes tight gas find at Moreys-1, opens up possible play...
Lakes Oil (ASX: LKO) has made a tight gas and condensate discovery at its Moreys-1 well in the onshore Otway Basin, Victoria, and will now proceed with the drilling of the Holdgate-1 well in the...
View ArticleNews - Lakes Oil spuds onshore Gippsland Basin well, targets oil and tight gas
Lakes Oil (ASX: LKO) has spudded a new exploration well in the Gippsland Basin targeting both a basin wide tight gas play as well as oil shows encountered at a previous well that was drilled last...
View ArticleNews - Lakes Oil finds tight gas shows at onshore Gippsland Basin well.
Lakes Oil (ASX: LKO) has seen signs typical of a tight gas reservoir at its Holdgate-1 well in the onshore Gippsland Basin and has recovered sidewall cores indicating the presence of carbonaceous...
View ArticleNews - Lakes Oil granted trading halt on potential Victorian decision on...
Lakes Oil (ASX: LKO) has gone into a trading halt pending an announcement from the Victorian State Government that could affect the company’s operations.Victoria will reportedly introduce a moratorium...
View ArticleNews - Lakes Oil raising up to A$7.2M to fund drilling
Lakes Oil (ASX: LKO) is raising up to A$7.2 million to fund its drilling program at the onshore Gippsland and Otway Basins.The company is planning to drill with Armour Energy (ASX: AJQ) the Otway-1...
View ArticleNews - Lakes Oil drilling Gippsland Basin core hole
Lakes Oil (ASX: LKO) and Armour Energy (ASX: AJQ) are poised to drill a stratigraphic core hole to further its knowledge of carbonaceous source rocks encountered by a previous core hole in the...
View ArticleNews - Lakes Oil seeks to confirm Gippsland Basin oil play
Lakes Oil (ASX: LKO) has spudded a stratigraphic core hole designed to confirm the presence and thickness of a very rich carbonaceous sequence of shales, coals, siltstones and sandstones onshore...
View ArticleNews - Lakes Oil continues drilling of Gippsland Basin corehole
Lakes Oil (ASX: LKO) and Armour Energy (ASX: AJQ) are drilling ahead with their Yallourn Power-1 well onshore Gippsland Basin.The well is being drilled as a stratigraphic corehole between two Tertiary...
View ArticleNews - Lakes Oil secures $4.25M cash injection from Hancock Prospecting
Lakes Oil (ASX: LKO) has received a show of confidence with a subsidiary of Gina Rinehart’s Hancock Prospecting taking $4.25 million of a $6.3 million convertible notes issue.This will give Hancock a...
View ArticleNews - Lakes Oil Yallourn Power 1 well at depth of 454 metres; seeks oil source
Lakes Oil (ASX:LKO) has drilled its Yallourn Power 1 well to a depth of 454 metres at its PEP166 onshore Gippsland Basin.The primary target is the carbonaceous source rocks within Tyers Group. The well...
View ArticleNews - Lakes Oil completing Gippsland Basin oil shale core hole
Lakes Oil (ASX: LKO) and Armour Energy (ASX: AJQ) are now completing their Yallourn Power-1 core hole targeting oil prone shales in the onshore Gippsland Basin, Victoria, after completing logging...
View ArticleNews - Lakes Oil signs MoU with Sinopec for Gippsland Basin gas joint venture
Lakes Oil (ASX: LKO) has signed a memorandum of understanding with Sinopec, Asia’s largest refiner, to investigate a possible joint development of Lakes’ permits in the Gippsland Basin, Victoria.The...
View ArticleNews - Lakes Oil to drill onshore Wombat 5 gas well in Gippsland Basin,...
Lakes Oil (ASX:LKO) will open higher after submitting an application to drill the onshore Wombat 5 well in Victoria's Gippsland Basin in the new year.This follows a memorandum of understanding with...
View ArticleNews - Lakes Oil signs first agreement to supply gas to Simplot Australia
Lakes Oil (ASX:LKO) should trade firmer after signing a conditional letter of intent to supply Victorian gas to Simplot Australia.This letter of intent relates to one of two foundation agreements that...
View ArticleNews - Lakes Oil acquiring Otway Basin oil and gas permits
Lakes Oil (ASX:LKO) is acquiring the PEP 167 and PEP 175 oil and gas permits in the onshore Otway Basin, Victoria, from Bass Strait Oil Company (ASX:BAS). PEP 167 contains two play types - the...
View ArticleNews - Yellow Rock Resources, Lakes Oil, Legend Mining among Monday's ASX...
Monday's leading volume stocks on the ASX. CompanyCodeLastChangeVolume Yellow Rock Resources ASX:YRR $0.028 21.74% 59,279,656 Lakes Oil ASX:LKO $0.004 0% 46,949,919 Legend Mining ASX:LEG $0.011 10%...
View ArticleNews - Lakes Oil bags new oil and gas permits offshore Victoria
Lakes Oil (ASX:LKO) has been awarded two new permits in the offshore Gippsland Basin for exploration over the next six years.The permits are located close to shore, and close to existing oil and gas...
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