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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.

29 May 2012drilling progress report● Neutral

Holdgate-1's 9 5/8-inch casing was cemented at 427m. Drilling is due to restart to a proposed 2,500m total depth, unless basement is hit earlier.

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23 May 2012drilling spud● Neutral

Armour's re-release of the news that Holdgate-1 spudded on 23 May 2012. The Baragwanath Anticline wildcat targets Strzelecki tight gas and deeper Rintouls Creek oil, and Armour is funding it toward 51% of PEP 166. Duplicates Lakes' announcement.

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23 May 2012drilling spud● NeutralMajor

Holdgate-1, a wildcat on the Baragwanath Anticline in PEP 166, spudded 23 May 2012. It targets Strzelecki tight gas and deeper Rintouls Creek oil seen at Yallourn North-1A. Armour funds it as part of earning 51% of PEP 166.

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11 May 2012director officer appointment● Neutral

Matthew Stubbs, Managing Director of merchant bank Allier Capital, was appointed alternate director for William Stubbs, who is overseas until 6 July 2012. He holds no Lakes securities.

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