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Lakes Blue Energy NL (ASX:LKO)

ALERT: Price-sensitive ASX Announcement for LKO
Current share price for LKO : $0.690 0.295 (74.68%)+
Announcement
Release
9 Jun 2026 8:57AM
Price at Release
$0.395
Full Release
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Summary
Lakes Blue Energy NL provided an update on the production testing at the Wombat-5 gas well. The testing confirmed the presence of a gas-charged reservoir across three gas-bearing zones in a 1,500-metre horizontal section. With a pressure build-up reaching 1,800 PSI, the company aims to enhance well productivity through propellant enhanced perforating and achieve commercial gas flowrates. The company is also reprocessing the Wombat 3D seismic data with Geomage Ltd to improve geophysical understanding and plan further operations in August 2026, subject to regulatory approvals.
Key Points
  • Production testing at Wombat-5 confirms gas-charged reservoir.
  • Three gas-bearing zones identified within 1,500 metres.
  • Pressure build-up reached 1,800 PSI.
  • Plan includes propellant enhanced perforating to improve productivity.
  • Next phase of operations targeted for August 2026.
  • Wombat 3D seismic reprocessing underway with Geomage Ltd.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.