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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
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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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