Projects

Recent Developments

Lakes Oil N.L. has spent a considerable amount of time assessing the 3D seismic data it acquired earlier last year over the Wombat structure. This is the first 3D seismic ever acquired in the onshore Gippsland Basin. The work centred on mapping the best location for a new Wombat well - Wombat 4.

Lakes Oil N.L. is currently drilling Wombat 4 which is the first ever well drilled onshore Gippsland Basin with the benefit of 3D seismic data. This well will test our Strzelecki tight gas reservoirs updip some 1.5 kms to the southwest from Wombat 2, which has been our most encouraging well to date. In Wombat 2, gas was recovered from a zone at the top of the Strzelecki Group which has better permeability, due to weathering.