NewPeak Metals Ltd. ( (AU:NPM) ) has shared an announcement.
Lakes Blue Energy NL has successfully completed the sale of its 49% interest in the Victorian Petroleum Exploration Permit 169, receiving a total of A$6.5 million. This transaction, which includes future royalty payments, allows Lakes to focus on drilling new wells, notably the Wombat-5 well, while NewPeak Metals Ltd, as a major shareholder, anticipates further value creation from Lakes’ ongoing projects.
More about NewPeak Metals Ltd.
NewPeak Metals Ltd is a company involved in the resources sector, primarily focusing on investments and activities related to energy and mineral exploration. It holds a significant shareholding in Lakes Blue Energy NL, which engages in petroleum exploration.
YTD Price Performance: 18.18%
Average Trading Volume: 331,758
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.19M
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