EXPLORATION

Lakes to drill another Wombat well

LAKES Oil has decided to go ahead with the drilling of the Wombat-4 well in the Wombat field, onshore Gippsland Basin, Victoria, and expects to spud the tight gas well in September.

Earlier this year, the company postponed the drilling of the well due to the high costs of moving a rig to the Gippsland region. In a statement on Thursday, the company said it had secured a suitable...

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