• Wombat-5 well reaches total depth of 3,052m with 1,500m of horizontal drilling
• Further high-quality, gas-saturated sands encountered in final 200m
• Excellent gas shows of up to 35.82% (C1 to C5) recorded

Lakes Blue Energy has provided an update on the Wombat-5 well in the Gippsland Basin, Victoria, which has reached its planned total depth of 3,052m with 1,500m of horizontal drilling. The well has encountered further high-quality, gas-saturated sands in the final 200m, with excellent gas shows of up to 1,791 units or 35.82% (C1 to C5) in good quality, fine to medium-grained sandstones. These gas shows correlate to the best recorded sand packages encountered in the previous Wombat-3 well. The company's Chair noted that the board is further encouraged by the impressive gas shows in the final 200m of the well, which are near the Wombat-3 well. Drilling operations have now stopped, and the contractor is preparing to run the 4-1/2' swellable packer completion into the hole.