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ASX, Legal & CGT Status

Former (or subsequent) names

LAKES OIL NL03/10/199426/03/2021

Shareholder links



Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000LKO0
Address: Level 3, 35 Lime Street Sydney, NSW, 2000
Tel:  (03) 9629 1566 Fax: (03) 9629 1624

Date first listed: 05/12/1985
Company Secretary: Elissa Hansen
Sector: Energy Industry Group: XEJ
Activities: Oil and gas exploration and investment

News & Events

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ASX has provided the Company with conditions for reinstatement based on its submissions and conversations. Lakes Blue Energy's shares will be reinstated to official quotation subject to, inter alia, the Company raising $3,550,000 and announcing that earthwork equipment is on site and wellsite and access track earthworks have commenced for the planned drilling of Wellesley-2, in Queensland. The conditions have to be satisfied prior to 1 January 2022. The Board is currently working on the capital raise and, upon its completion, will immediately commence works at Wellesley-2, thereby allowing resumption of trading of the Company's shares on the ASX platform.


Shareholders in this company should consider crystallising a capital loss in 2021/22 by selling their worthless shares. From 1 October 2021 we have made this process much easier and quicker. It can now be achieved online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.


The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.


Conversations with ASX continue regarding the company's request for reinstatement of its securities to quotation.


The company releases a Notification regarding unquoted securities.


Allocations have been completed for the R3D Resources $4.25 million public offering and the offer is closed. Surplus subscriptions monies are now being refunded. Surplus application monies are being returned where no allocation was made to a particular applicant or the number of shares allocated is less than the number applied for by the applicant. R3D reserved the right to allocate to any applicant a lesser number of shares than that applied for, or to decline any application. Shares were allotted today having received ASX conditional consent for official quotation of the shares.


The company releases the notice of the status of the defeating and other conditions to the offmarket takeover offer of all of the shares and options in Tartana Resources Limited. R3D advises all Tartana shareholders that the offers are now unconditional and will close at 7:00pm (Sydney Time) on 31 July 2021.


Nangwarry-1 extended production testing results confirm the commercial potential of Nangwarry with gross saleable carbon dioxide resource upgraded to 25.9 Bcf. Nangwarry-1 well capable of producing at a raw gas rate of up to 18.6 MMscfd. Retention Licence already in place over Nangwarry area. Nangwarry resource capable of producing in excess of 150 tonnes per day of carbon dioxide over 20+ years.


Independent analysis of Nangwarry extended flow test data nearing completion. Operations Plans for resumption of Victorian exploration ready for submission, with objective of drilling Wombat-5 conventional well mid 2022. Farmout discussions for multi-Tcf Buna prospect (PNG) progressing. Funding conditionally in place to meet 2021/22 requirements. Comprehensive, formal submission provided to ASX on 30 June 2021 seeking reinstatement of the Company's securities to quotation.


The company lodges its Quarterly Activities/Appendix 5B Cash Flow Report.


The company lodges its Half Yearly Report and Accounts.


The company releases an Appendix 2A and Appendix 3G.


The directors have been successful in securing an extension to the unlisted convertible redeemable notes maturing on 31 December 2021 to 31 March 2023 effective. The company also releases an Appendix 3G.


The company releases an Appendix 3G.


The company releases an Appendix 2A.


Extended production testing of the Nangwarry-1 well is complete. Gas flowed for two days through a ¾ inch choke at 10.8 million cubic feet per day, with wellhead pressure steady at 1,415 psi (9.8 Megapascals). Peak, tubing constrained, gas flow rate of 22 MMscfd achieved, confirming carbon dioxide production potential. Preliminary test results have exceeded expectations. Resource size and quality evaluation underway prior to commercial development of the resource. The Nangwarry joint venture is investigating the potential for development of Nangwarry for production of food grade carbon dioxide, with an investment decision targeted for the second half of 2021.


name changed from Lakes Oil NL

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    11/07/2016Chris Tonkin6,500,000$0.002$9,750
    08/07/2016Kyle Wightman3,000,000$0.002$4,500
    22/05/2014Robert Annells-15,000,000$0.003$45,000
    02/03/2012Bill Stubbs6,000,000$0.005$30,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Richard AshChairman21/08/2018
    Tim O'BrienCOO
    Leslie SmithCFO01/06/2010
    Nick MatherNon Exec Director07/02/2012
    Roland SleemanExecutive Director, CEO08/12/2016

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Chris TonkinChairman23/05/201621/11/2019
    Kyle WightmanNon Exec Director04/08/201421/11/2019
    Ian PlimerNon Exec Director27/01/201321/11/2019
    Barney BeroldNon Exec Director20/02/200724/04/2019
    Bill StubbsNon Exec Director07/02/201213/11/2018
    Karl SchlobohmAlternate Director24/11/201616/01/2017
    Robbert de WeijerAlternate Director05/06/201428/09/2016
    Andrew DavisNon Exec Director09/09/201502/06/2016
    Robert AnnellsExecutive Chairman03/12/198420/05/2016
    Matthew StubbsAlternate Director11/05/201226/08/2014
    Alexander DownerNon Exec Director01/02/201317/04/2014
    James SymeDirector28/05/200627/11/2012
    Peter LawrenceDirector04/12/200027/11/2012

    Date of first appointment, title may have changed.