EXPLORATION

Lakes looks at NT

LAKES Oil has extended its onshore acreage into the Northern Territory with the announcement it h...

Lakes looks at NT

The acquisition will see Lakes acquire Poolowanna Petroleum P/L, whose only asset is EP 142, in exchange for about 25 million of its shares.

Several wells have been drilled on the permit, two of which – Poeppel’s Corner-1 and Thomas-1 – had oil shows.

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