Wombat-5 Well, Gippsland Basin, Victoria, Drilling Update
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| Stock | LKO.ASX (LKO.ASX) |
|---|---|
| Release Time | 19 Aug 2025, 2:56 p.m. |
| Price Sensitive | Yes |
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Drilling Update on Wombat-5 Well in Gippsland Basin
Key Points
- Wombat-5 well, side-track-1 (ST-1) drilling operations update
- Current depth of 470 meters, no progress in last 24 hours
- Target formation is Strzelecki Formation at 1,360 meters
Full Summary
Lakes Blue Energy has provided an update on the drilling operations at the Wombat-5 well, side-track-1 (ST-1) in the Gippsland Basin, Victoria. As of 8:00 am AEST today, the well has reached a depth of 470 meters measured depth (MD), with no progress in the last 24 hours. The hole size is 8-1/2 inches, and the last casing point of 9-5/8 inches was set at 302.4 meters MD. The target formation is the Strzelecki Formation, which is expected to be encountered at a true vertical depth (TVD) of 1,360 meters. The company has received the Drilling Contractor's report and is reviewing it with its experts. Lakes Blue Energy is conducting discussions with the Drilling Contractor and will advise on the outcome.
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