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Lakes Oil NL

ASX:LKO
A$0.235Close 7 Oct 2026 · delayed

Past year: ▼ 83%(23.5c – 1.52 AUD)

Market cap
A$21.9m
Shares on issue
93.3m
In-ground value
A$4.75bn
Risked multiple
under review
Story beats
200 since 2006
Last event
21 Aug 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

31 July 2012quarterly activities report● Neutral

June quarter report recaps the Moreys-1 tight gas and condensate discovery and Holdgate-1 (2,752m, tight gas intervals under evaluation). Armour's $4.25m Holdgate spend earned 25% of PEP 166. Beach plans Wombat-4 and Boundary Creek-2 fracturing in late 2012. Mostly previously known.

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13 July 2012drilling result● NeutralMajor

Holdgate-1 was logged, plugged and the rig released at 2,752m. Continuous gas readings across large Strzelecki intervals were described as typical of a tight gas well, with carbonaceous shale cores sent to the lab. No flow test; full assessment of tight gas potential to follow.

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13 July 2012drilling result● Neutral

Armour's re-release of the Holdgate-1 result: 2,752m, logged and plugged, rig released, tight-gas-type gas readings through the Strzelecki. Duplicates Lakes' 13 July update.

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3 July 2012drilling result● Neutral

Holdgate-1 reached total depth of 2,752m and drilling stopped, short of the revised 2,800m. Logging and a seismic profile come next, then the partners will assess Strzelecki unconventional potential and a possible lateral well zone. Armour funded the well.

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2 July 2012drilling progress report● Neutral

Armour's re-release: Holdgate-1 at 2,730m and drilling ahead toward revised 2,800m total depth unless basement is hit earlier. Duplicates Lakes' 2 July update.

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26 June 2012drilling progress report▼ Bad

Armour's re-release: Holdgate-1 at 2,405m after mechanical difficulties; drilling expected to resume within hours toward a revised 2,800m total depth. Duplicates Lakes' update.

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26 June 2012drilling progress report▼ Bad

Holdgate-1 at 2,405m hit mechanical difficulties; drilling was expected to resume within hours. Proposed total depth was extended from 2,500m to 2,800m. No new result.

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