Directors of Lakes Oil N.L. (LKO) and its new partner Armour Energy Ltd advise that they intend to drill Moreys 1 (potential gas well) located in PEP 169, onshore Otway
Basin, Victoria, commencing 18th April 2012.
The conventionally drilled well is expected to reach target depth in approximately 10 days. A commercial gas discovery in Moreys 1 could result in early cash flow to Lakes Oil and its partner Armour Energy Ltd, subject to suitable gas sales agreements.
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Last
$1.23 |
Change
-0.070(5.38%) |
Mkt cap ! $83.98M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.22 | $101.5K | 80.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15836 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 1500 | 1 |
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| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| LKO (ASX) Chart |