re: trading halt, now trading again WOMBAT 3 DRILLING
PEP 157, ONSHORE GIPPSLAND BASIN, VICTORIA
Lakes Oil (“LKO”) advises that the well commenced drilling at 5:00 PM last night and at 6:00 AM this morning was drilling ahead in a 17 1/” hole at a depth of 150 metres.
The Wombat 3 well is located mid way between Wombat 1 & 2, approximately 1 kilometre from each well.
The Wombat Block is located in PEP 157. An overriding royalty of 5% of the wellhead value of any hydrocarbon production is payable to Roma Petroleum N.L. a former holder of the permit.
Yours sincerely
LAKES OIL N.L.
trading halt?, page-3
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