** Shares of Australia's Lakes Blue Energy LKO.AX jump 6.5% to A$1.39, their highest level since December 22
** Oil and gas co gets approval from the Victorian government to conduct production testing at its Wombat-5 Well site
** Stock added 30% in 2025, and is up 6.9% YTD
** Broader energy sub-index .AXEJ up 1.8%
(Reporting by Shruti Agarwal in Bengaluru)
((Shruti.Agarwal@thomsonreuters.com))