ONSHORE GIPPSLAND BASIN PERMITS
ONSHORE GIPPSLAND BASIN PERMITS EXPLORATION ACTIVITIES PRL2, Gippsland Basin (Lakes Oil: Operator, varying interest across permit – subject to reserved rights) PRL3, Gippsland Basin ( Lakes Oil operator, 100% interest) PEP166, Gippsland Basin (Lakes Oil: Operator; 75% interest) The Wombat Gasfield is located within PRL2, onshore in the Gippsland area.
ONSHORE OTWAY BASIN VICTORIA PERMITS
ONSHORE OTWAY BASIN VICTORIA PERMITS EXPLORATION ACTIVITES OTWAY BASIN PEPs 163, 167 and 175, Otway Basin (Lakes Oil: Operator, 100% interest) PEP169, Otway Basin (Lakes Oil: Operator, 49% interest) Background The Otway Gasfield is located within PEP169, onshore in the Otway Basin near Port Campbell.
Eromanga Basin ATPs 642P and 662P (Lakes Oil: Operator, 100% interest) Lakes Oil is seeking a joint venture partner for pursuit of its western Queensland opportunities. Surat Basin, Roma Shelf Project ATP 1183 (Lakes Oil: Operator, 100% interest) ATP 1183 is highly prospective for oil, gas and condensate discoveries.
ONSHORE SOUTH AUSTRALIA
South Australia, Pirie Torrens Oil & Gas Project PELAs (Lakes Oil: Operator, 100% interest) Figure: South Australian Licence Application Areas The Pirie Torrens Oil and Gas Project incorporates six Petroleum Exploration Licence Applications (PELAs) located in South Australia and covering approximately 53,000km2 as outlined in Figure 5.
EAGLE OIL DEVELOPMENT PROJECT, CALIFORNIA PERMITS Eagle Prospect, Onshore California, USA (Lakes Oil: 17.97% interest. Operator: Strata –X Inc.) The Eagle Prospect contains the Mary Bellochi-1 well, which was drilled in 1986 by Lakes and its joint venture partners, and flowed oil to surface for several weeks before withering out.