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MARKETS

Lakes' $2.7B broadside

LAKES Oil is suing the Victorian government for more than $2.7 billion, adopting the complete opposite tactic of that taken by Metgasco over its CSG assets in New South Wales earlier this year.

Haydn Black
Lakes flowed oil and gas from Wombat, but cannot exploit its discoveries in Victoria.

Lakes flowed oil and gas from Wombat, but cannot exploit its discoveries in Victoria.

Metgasco rolled over and decided that fighting the NSW government to retain its Casino gas project would be an expensive folly, with legal costs exceeding the potential claim on keeping its Casino gas...

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