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LAKES OIL NL - ASX: LKO
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Description
With 2011 marking its 65th anniversary, Melbourne-based Lakes Oil NL is the oldest Australian oil and gas explorer still operating in the country.
The company provides one of the few remaining links between the struggles to find and produce Australia's first indigenous oil reserves during the early part of this century and the relative comfort of the nation's near self-sufficiency in petroleum production during the 1990s.
Lakes has also kept alive the pioneering spirit of a once larger band of optimistic junior explorers willing to tackle programs in which more cautious major companies have declined to take part.
Taking its name from the Lakes district of Gippsland in south eastern Victoria, Lakes Oil plunged straight into a project to produce oil from shallow glauconite sands at the town of Lakes Entrance via a series of wells drilled from the base of a specially dug mine shaft.
Mine For
oil, gas
Location of operation(s)
USA, South Australia, Victoria, Queensland, Northern Territory
Australian Basins
Gippsland, Otway, Eromanga
Address
Level 14, 500 Collins St
MELBOURNE, VIC, AUSTRALIA
Phone
(61 3) 9629 1566
Website
Last Updated
23/03/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
