Lakes Blue Energy NL (AU:LKO) has released an update.
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Lakes Blue Energy NL has announced plans to drill its first well in Victoria since 2013, aiming to tap into the growing demand for clean gas in the region. The company has made strategic moves, such as selling its stake in PEP 169 to ADZ, to focus resources on the Wombat 5 well project. As Lakes Blue Energy works towards relisting its shares, it remains committed to overcoming challenges and capitalizing on opportunities in the Victorian gas market.
For further insights into AU:LKO stock, check out TipRanks’ Stock Analysis page.
