Lakes Blue Energy Delays Wombat-5 Gas Well Production Testing; Shares Up 4%

MT Newswires Live

Nov 25, 2025

Lakes Blue Energy (ASX:LKO) said that production testing at its Wombat-5 gas well will be delayed after pressure tests revealed the upper swellable packer had not yet reached the required sealing pressure, according to a Tuesday filing with the Australian bourse.

The company expects the packer to take about 10 more days to set and will keep the rig on-site while temporarily demobilizing the crew, per the filing.

The re-testing of the packer is set for Dec. 5, with production testing to start the following week, the filing added.

The company's shares rose 4% in recent Tuesday trade.

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