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+7.14%
Close of 9 Nov 2026, in AUD
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About Lakes Blue Energy NL
Its shares trade on ASX under the ticker LKO.AX. It has been listed since 5 December 1985. In the fiscal year to 30 June 2025, it reported revenue of A$5.6m and net income of A$3.7m. At that date it held total assets of A$19.8m and shareholders' equity of A$17.4m.
Lakes Oil NL engages in the operation and exploration of oil and gas reserves. The company is headquartered in Melbourne, Victoria. The principal activities of the Company consist of exploration for oil and gas within Australia. The firm operates through two segments: exploration for hydrocarbon reserves, principally in on-shore regions of Victoria, Australia and investment in entities engaged in the renewable energy sector. The company holds interest in Petroleum Retention Lease (PRL) 2 and 3. The company holds interest in Petroleum Retention Permit (PRP) 166 and 169. The company holds interest in PRP 163, 167 and 175. The company holds interest in the Gippsland Basin permits, which are located offshore in Victorian waters. The company holds interest in Queensland Petroleum Exploration Permits, ATP 642P and ATP 662P, which are located on the northern flank of the Cooper and Eromanga Basins. The firm also has petroleum exploration acreage in South Australia. The Company’s subsidiaries include Mingoola Gold Pty Ltd and Navgas Pty Ltd.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Energy
- Industry
- Oil, Gas & Consumable Fuels
- Listed since
- 5 Dec 1985
- Employees
- 7
- Website
- lakesoil.net.au ↗
Leadership
Pay as last reported
- Mr. Richard AshNon-Executive Chairman of the Board, Chief Executive Officer, since 2018A$33,333
- Mr. Roland SleemanChief Executive Officer, Executive DirectorA$264,198
- Mr. Tim O'BrienChief Operating OfficerA$265,409
- Ms. Elissa HansenCompany Secretary
- Mr. Nicholas MatherNon-Executive DirectorA$33,333
- Mr. Malcolm WhiteNon-Executive Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Lakes Oil NL possesses several strengths that contribute to its success in the industry. Firstly, the company has significant expertise and experience in the oil and gas sector, allowing it to make informed decisions and navigate complex challenges.
- Additionally, Lakes Oil NL has a strong portfolio of oil and gas assets, providing a solid foundation for growth and future profitability. These assets include valuable reserves and exploration permits in strategic locations.
Weaknesses
- Despite its strengths, Lakes Oil NL also faces certain weaknesses that could impact its performance. One weakness is the company's reliance on external funding sources to finance its operations and exploration activities. This dependence on external capital introduces financial risks and potential limitations on growth.
- Furthermore, Lakes Oil NL may encounter challenges related to regulatory compliance and environmental concerns. These factors can impose additional costs and delays on the company's operations.
Opportunities
- Lakes Oil NL should capitalize on various opportunities present in the industry. As global energy demand continues to rise, there is a growing market for oil and gas resources. By effectively exploring and extracting from its reserves, the company can meet this demand and generate substantial revenue.
- Moreover, Lakes Oil NL can explore strategic partnerships or joint ventures with other industry players to share resources, expertise, and risks. Such collaborations can enhance operational efficiency, access new markets, and provide opportunities for technological advancements.
Threats
- Lakes Oil NL must be mindful of potential threats that may impact its operations. One significant threat is the volatility in global oil and gas prices. Fluctuations in prices can directly affect the company's profitability and investment decisions.
- Additionally, increasing competition from other oil and gas companies, including larger and more established players, poses a threat to Lakes Oil NL. These competitors may have greater financial resources, market presence, and bargaining power.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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