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Lakes Blue Energy Advances Wombat-5 Drilling with New Fixed Price Deal

10:36pm on Friday 29th of August, 2025 AEST Energy
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Lakes Blue Energy Advances Wombat-5 Drilling with New Fixed Price Deal

10:36pm on Friday 29th of August, 2025 AEST
Key Points
  • Drilling resumed on 22 August after mud circulation issues resolved
  • Current depth at 1100 meters measured depth, 260 meters above target
  • Fixed price contract agreed with contractor to complete drilling
  • Enhanced redundancy and mitigation measures implemented
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