Lakes Blue Energy Refines Exploration Strategy

Lakes Blue Energy NL (AU:LKO) has released an update.

Lakes Blue Energy NL has revised its partnership with Gehyra Energy Pty Ltd, transferring full ownership of the South Australian Arrowie Basin Petroleum Exploration Licence Applications (PELAs) to Gehyra. In return, Lakes will receive an immediate cash payment, additional future payments, and ongoing royalties on any production of hydrogen, helium, or petroleum. This strategic move aims to expedite exploration activities while allowing Lakes to focus on other projects, particularly in Victoria.

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