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Lakes Blue Energy Secures $6.5M to Drill Wombat 5 Amid East Coast Gas Crunch

Lakes Blue Energy has raised $6.5 million through a fully underwritten placement to fund the drilling and testing of its Wombat 5 appraisal well in Victoria, positioning itself to address looming gas shortages on Australia’s east coast.

Maxwell Dee

17 June 2025

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