Lakes Oil N.L. ("LKO") advises that at 6:00 AM today the Hazelwood-1 well was at a depth of 988 metres and drilling ahead in 311 mm (12 1⁄4") hole.
The Hazelwood-1 well is designed to test gas which has been observed in the Strzelecki Formation in previous wells drilled in the area and to test the Rintoul's Sandstone which is expected to be encountered above basement.
Lakes Oil N.L. currently holds a 50% interest in the permit but is earning an additional 25% interest by 100% funding of the drilling of this well and the Boola Boola-1 well. AusAm Resources will then hold a 25% interest in the permit.
- Forums
- ASX - By Stock
- LKO
- news
news, page-4
Featured News
Add LKO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $58.8K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LKO (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online