Lakes Blue Energy (ASX: LKO) — Company Overview, News & Financial Data
Lakes Blue Energy explores natural gas resources in Australia, emphasizing sustainability and innovative practices.
Lakes Blue Energy
Lakes Blue Energy is an Australian energy exploration and development company focused on onshore and offshore oil and gas projects across Australia and Papua New Guinea. The company's asset portfolio encompasses key gas appraisal and exploration permits in Victoria, South Australia, Queensland, and Papua New Guinea. Its primary near-term focus is on advancing appraisal and development activities at the Wombat Gas Field in Gippsland, Victoria, alongside the Trifon and Gangell fields, the Portland Energy Project, and Petroleum Exploration Permit 169. Lakes Blue Energy aims to supply domestic Australian east coast gas markets by converting its contingent and prospective resources into commercial production.
Snapshot
Operations
Products and/or services of Lakes Blue Energy
- Onshore Gas Appraisal: Appraising conventional and tight gas reservoirs within the Gippsland Basin in Victoria to supply domestic Australian east coast gas markets through post-drilling reservoir testing, resource evaluation, and commercialisation planning.
- Otway Basin Exploration: Evaluating prospective conventional natural gas resources in the Otway Basin of Victoria, positioned in close proximity to established regional gas processing facilities and major industrial gas pipeline transport networks.
- Deep Gas Resources Evaluation: Conducting geological assessment and prospective resource modeling of deep onshore gas formations in western Victoria to evaluate long-term gas supply potential for regional industrial and domestic energy consumers.
- South Australia Exploration: Targeting onshore natural gas prospects in South Australia alongside geological exploration for potential helium and natural hydrogen deposits across prospective onshore sedimentary basin formations to diversify clean energy assets.
- PNG Offshore Petroleum Exploration: Holding exploration permits across onshore and offshore geological basins in Papua New Guinea to evaluate commercial petroleum prospects, map hydrocarbon prospective resources, and identify high-impact target structures.
- East Coast Domestic Gas Supply: Structuring commercial supply pathways and joint venture partnerships to deliver domestic natural gas to constraint-affected eastern Australian energy markets, supporting regional grid stability and industrial power demand.
Lakes Blue Energy executive team
- Mr. Richard D. Ash BEC, C.A.CEO & Executive Director
- Mr. Tim O'Brien BSc, MPESA, MSc, MSPEChief Operating Officer
- Ms. Elissa C. Hansen ACSA, B.Com., B.Comm, FCIS, Gad Dip ACG, GAI, GAICCompany Secretary