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Lakes Blue Energy Raises $6.5M to Drill Wombat-5, Targeting East Coast Gas Shortfall
8:56am on Wednesday 18th of June, 2025 AEST
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Energy
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Lakes Blue Energy Raises $6.5M to Drill Wombat-5, Targeting East Coast Gas Shortfall
8:56am on Wednesday 18th of June, 2025 AEST
Key Points
Fully underwritten $6.5 million equity placement at $0.75 per share
100% ownership of Wombat and Trifon-Gangell gas fields in Gippsland Basin
Wombat-5 well targets ~10 terajoules per day of high-quality, low-emission gas
Pro forma cash balance of approximately $9.4 million post-raising
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