| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
10 Sep 2025 10:07AM |
$1.340 |
$0.575 |
fallen by
57.09%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy is providing an update on the drilling operations at Wombat-5 in Gippsland Basin, Victoria.
- The current depth of the well is 1,612 mRT MD with a horizontal length of 60 meters drilled in 24 hours.
- Gas shows comprising methane, ethane, propane, butane, and pentane have been recorded up to 81 units.
- The drilling aims to reach a total depth of 3,050 mRT MD targeting the Strzelecki Formation.
- The update highlights increasing natural gas readings and anticipates reaching commercial production levels.
- Roland Sleeman, Chairman of Lakes Blue Energy, expresses optimism about the gas shows in the Strzelecki Formation.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
9 Sep 2025 11:08AM |
$1.300 |
$0.575 |
fallen by
55.77%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 Well drilling update in Gippsland Basin
- Current depth is 1,552 meters MD and 1,392.6 meters TVD
- Targeting the Strzelecki Formation
- 7” casing set at 1,549 meters RT MD
- Preparation to drill a 1,500-meter horizontal well
- No health, safety, or environmental incidents reported
- Update authorized by the Board of Lakes Blue Energy
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
8 Sep 2025 10:13AM |
$1.245 |
$0.575 |
fallen by
53.82%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy provided a drilling update for Wombat-5, side-track-2 (ST-2) in the Gippsland Basin, Victoria.
- The well has been drilled to a depth of 1,552 mRT MD and has progressed 82 meters from the previous day.
- The current formation is the Strzelecki Formation, which is the target formation and gas resource reservoir host.
- Gas shows, including methane, ethane, propane, butane, and pentane, were recorded in increasing quantities.
- The natural gas shows are consistent with previous evidence from Wombat-2 and Wombat-3 wells.
- The aim is to drill a 1,500-meter horizontal well to a target depth of 3,050 mRT MD.
- The announcement was authorized by the Board of Lakes Blue Energy.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
5 Sep 2025 10:21AM |
$1.140 |
$0.575 |
fallen by
49.56%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling update on Wombat-5 Well in Gippsland Basin.
- Current depth is 1,470 mRT MD in the Strzelecki Formation.
- Initial natural gas shows detected, including methane, ethane, and propane.
- Gas shows are increasing, consistent with previous wells Wombat-2 and Wombat-3.
- Planned 1.5 km horizontal production zone in the gas reservoir.
- Company expresses confidence in potential gas production.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
4 Sep 2025 9:36AM |
$1.120 |
$0.575 |
fallen by
48.66%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 well drilling update in Gippsland Basin.
- Current depth achieved is 1,408 metres.
- A mud pump issue has paused drilling temporarily.
- Target formation is the Strzelecki Formation at 1,360 mRT (TVD).
- 34 days into the spud with 14 metres progress in the last 24 hours.
- No health and safety incidents reported.
- 7-inch casing to be set in approximately 130 metres.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
4 Sep 2025 9:36AM |
$1.120 |
$0.575 |
fallen by
48.66%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling operations update at Wombat-5 well, Gippsland Basin.
- Current depth: 1,408 mRT, 34 days from spud.
- Target formation: Strzelecki Formation, expected within 10 metres.
- Last casing point set at 302.4 mRT.
- Repairing mud pump, drilling paused at 1,408 mRT.
- No lost time injuries reported.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
3 Sep 2025 9:11AM |
$1.050 |
$0.575 |
fallen by
45.24%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 Well current depth is 1,394 mRT.
- No progress in depth over the last 24 hours.
- Target formation is the Strzelecki Formation at 1,360 mRT.
- 7-inch casing point is planned for approximately 1,530 mRT.
- No lost time injuries reported.
- Directional drilling to reach 88-degree inclination.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
3 Sep 2025 9:11AM |
$1.050 |
$0.575 |
fallen by
45.24%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling update for Wombat-5 Well in Gippsland Basin, Victoria.
- Current well depth is 1,394 meters with no progress in the last 24 hours.
- Current formation is Latrobe Group; target formation is Strzelecki Formation.
- Expected to encounter Strzelecki Formation in approximately 20 meters.
- 7-inch casing point targeted at around 1,530 meters with inclination increase to 88 degrees.
- No lost time injuries reported.
- Update authorized by Lakes Blue Energy Board.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
2 Sep 2025 10:06AM |
$1.100 |
$0.575 |
fallen by
47.73%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy provides an update on Wombat-5 well drilling in the Gippsland Basin.
- As of the latest update, the well has reached a depth of 1,394 meters below the rotary table.
- Drilling progress has been paused to restore surface fluid volumes.
- The well is currently at an angle of 53 degrees, targeting the Strzelecki Formation.
- The Strzelecki Formation is expected to be encountered within 20 meters true vertical depth upon resumption.
- The company aims to drill to a depth of approximately 1,530 meters measured depth.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
2 Sep 2025 10:06AM |
$1.100 |
$0.575 |
fallen by
47.73%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy provides update on Wombat-5 well.
- Current depth is 1,394 meters RT with no progress in last 24 hours.
- Target formation is the Strzelecki Formation.
- Directional BHA positioned at the casing shoe.
- Operations paused to restore fluid volumes.
- Drilling to continue to approximately 1,530 meters.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria. Drilling Update
|
1 Sep 2025 10:16AM |
$1.105 |
$0.575 |
fallen by
47.96%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Current depth of Wombat-5 Well is 1,394 meters.
- Target formation is the Strzelecki Formation at 1,360 meters depth.
- Recent drilling progress was 165 meters in 72 hours.
- A mechanical failure delayed operations due to human error.
- Drilling inclination is currently at 53 degrees.
- No health, safety, and environmental incidents reported.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria. Drilling Update
|
1 Sep 2025 10:16AM |
$1.105 |
$0.575 |
fallen by
47.96%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 well drilling update in Gippsland Basin, Victoria.
- Drilling depth reached 1,394 mRT after 31 days.
- Target formation is the Strzelecki Formation.
- Mechanical failure caused delay; repairs completed.
- New equipment deployed for continued drilling.
- Zero lost time injuries reported.
- Board of Lakes Blue Energy authorised the announcement.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
29 Aug 2025 9:11AM |
$1.145 |
$0.575 |
fallen by
49.78%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL provided a drilling update for Wombat-5 well.
- The well is located in the Gippsland Basin, Victoria.
- Current depth is 1,259 meters, with a target formation depth of 1,360 meters.
- No health, safety, or environmental incidents reported.
- The drilling faced delays due to a mud-motor failure, which has been resolved.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
29 Aug 2025 9:11AM |
$1.145 |
$0.575 |
fallen by
49.78%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling operations update for Wombat-5 well.
- Current drilling depth at 1,259 meters below rotary table.
- Targeting Strzelecki Formation at 1,360 meters depth.
- Downhole mud motor failure caused temporary halt.
- No health, safety, or environmental incidents reported.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
28 Aug 2025 9:47AM |
$1.160 |
$0.575 |
fallen by
50.43%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL issued a drilling update for the Wombat-5 well in the Gippsland Basin, Victoria.
- The report describes the ongoing drilling operations and the depth reached so far.
- Key geological formations encountered during drilling are noted.
- Operational highlights and technical details of drilling progress are provided.
- Challenges and issues experienced in the drilling process are addressed.
- The company outlines the next steps and future activities planned at the well site.
- A summary of work completed to date is included.
- Lakes Blue Energy NL reaffirms its commitment to progressing the Wombat-5 well project.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria Drilling Update
|
27 Aug 2025 9:52AM |
$1.220 |
$0.575 |
fallen by
52.87%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Successful running and cementing of casing in the surface hole of Wombat-5 Well.
- Drilling of the intermediate hole section has commenced after weather-related delays.
- The well targets the Strzelecki Formation for appraisal and potential conventional gas development.
- Safety and environmental compliance procedures are in place.
- Further updates will be provided as drilling operations continue.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
26 Aug 2025 9:58AM |
$1.135 |
$0.575 |
fallen by
49.34%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling operations at Wombat-5 well have reached a total depth of 2,095 meters.
- Significant gas shows and elevated mud gas readings were encountered in several intervals.
- Drilling challenges included stuck pipe and operational delays.
- The well successfully intersected the targeted Strzelecki Formation.
- Multiple prospective gas-bearing zones have been identified.
- Wireline logging and further evaluation are planned to determine hydrocarbon potential.
- The Wombat-5 well is seen as strategically important for Lakes Blue Energy NL’s gas portfolio.
- Further results from logging and evaluation are expected to be released upon completion.
- The project is positioned to contribute to regional energy security in Victoria.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Resumed
|
25 Aug 2025 9:14AM |
$0.905 |
$0.575 |
fallen by
36.46%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL resumed drilling at the Wombat-5 Well in the Gippsland Basin, Victoria.
- Drilling recommencement followed the resolution of access, logistical, and technical delays.
- Operations are progressing according to plan and in compliance with regulatory and environmental standards.
- The primary objective is to evaluate the gas potential of the Strzelecki Group formations.
- Company reaffirmed commitment to exploration program and stakeholder engagement.
- Assurances provided regarding ongoing safety and environmental compliance.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
19 Aug 2025 2:56PM |
$0.940 |
$0.575 |
fallen by
38.83%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling operations at Wombat-5 Well in Gippsland Basin, Victoria have commenced.
- Site preparation and logistical arrangements have been completed.
- The well targets gas-bearing formations to evaluate natural gas potential.
- Lakes Blue Energy NL emphasizes adherence to safety and environmental standards.
- The company aims to contribute to domestic gas supply through successful exploration.
- Updates on drilling progress and outcomes will be provided in future announcements.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
18 Aug 2025 10:09AM |
$0.900 |
$0.575 |
fallen by
36.11%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Drilling operations at Wombat-5 well have been delayed due to mechanical issues.
- Problems with the mud pump and maintenance needs have impacted progress.
- Lakes Blue Energy NL is working to source replacement parts and conduct repairs.
- The company remains committed to completing the Wombat-5 well project.
- Wombat-5 is strategically important for Lakes Blue Energy NL.
- Regulatory and safety requirements are being followed throughout operations.
- Stakeholders will receive further updates as progress milestones are reached.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
15 Aug 2025 9:43AM |
$0.955 |
$0.575 |
fallen by
39.79%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL provided an update on the drilling of the Wombat-5 Well in the Gippsland Basin, Victoria.
- The well has reached a depth of 2230 meters as of the announcement date.
- Oil and gas shows were detected in the Strzelecki Group sandstones, notably at 2137-2144 meters and 2207-2220 meters.
- These intervals correspond to productive gas zones in previous Wombat wells.
- Wireline logging and further evaluation are planned to determine reservoir quality and hydrocarbon content.
- Multiple gas-bearing zones have been encountered, indicating commercial potential.
- The company is encouraged by the findings, which support the case for gas development in the area.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria Drilling Update
|
14 Aug 2025 10:08AM |
$0.925 |
$0.575 |
fallen by
37.84%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 well in Gippsland Basin, Victoria, drilled to 2,287 meters total depth.
- Significant gas shows encountered in Strzelecki and Eocene formations.
- Mud gas logging confirms presence of hydrocarbons.
- Wireline logging and formation evaluation planned to assess reservoir quality.
- Company optimistic about preliminary results and future development potential.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
12 Aug 2025 8:55AM |
$1.090 |
$0.575 |
fallen by
47.25%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL (LKO) released an update on the drilling operations at Wombat-5 Well in the Gippsland Basin.
- The update covers well progress, geological formations encountered, and current drilling depth.
- Technical details of the drilling process, including operational developments, are provided.
- Information is included about future drilling and evaluation plans.
- Safety and environmental protocols are highlighted as key priorities during operations.
- The report discusses challenges encountered during drilling and how they are being managed.
- The significance of the Wombat-5 Well for regional energy resources is underlined.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
11 Aug 2025 9:10AM |
$1.130 |
$0.575 |
fallen by
49.12%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Lakes Blue Energy NL provided an update on drilling activities at Wombat-5 Well in the Gippsland Basin, Victoria.
- Drilling operations are progressing according to plan and have reached key target depths.
- Casing and cementing have been completed at certain intervals to ensure wellbore integrity.
- Technical teams are actively monitoring drilling parameters and responding to any operational challenges.
- The well has encountered geological formations of interest, with further analyses ongoing.
- Future plans include further drilling to reach total depth, possible hydrocarbon testing, and continued data evaluation.
- Operational challenges, including geological complexities, are being managed as drilling advances.
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.
| $42 |
Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
|
8 Aug 2025 9:49AM |
$1.150 |
$0.575 |
fallen by
50%
|
|
LKO - Price-sensitive ASX Announcement
Full Release
Key Points
- Wombat-5 well in Gippsland Basin, Victoria drilled to 2,311m MD
- Wireline logging currently underway
- Multiple gas shows encountered in different zones
- Hydrocarbon indications suggest potential for commercial gas accumulations
- Next steps: complete logging, run and cement casing, conduct well testing
- Wombat gas field considered a near-term production asset
- Project is strategically important for regional gas supply
- Positive outlook based on drilling results to date
- Lakes Blue Energy NL committed to advancing the Wombat project
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.
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