Ann: Annual Report to shareholders, page-2

Lakes Blue Energy has 100% interest in PRL2, with the exception of the Trifon and Gangell blocks where the Company has a 57.5% interest and Jarden Corporation Australia Pty Ltd has a 42.5% interest. The presence of gas within the Wombat and Trifon / Gangell gas fields is beyond doubt. The fields contain independently certified Contingent Resources of gas, with existing gas wells already capable of gas production.
Likely developments and expected results of operations The consolidated entity is about to embark upon an active exploration program onshore in Victoria. Key components of this program include drilling of the Enterprise North-1 well and, finances permitting, drilling of the Wombat-5 and Otway-1 wells.

Lets hope the finances hold out!