Lakes Blue Energy NL (ASX:LKO) has disclosed that mobilisation activities at the Wombat-5 well site commenced on Monday, 9 November as scheduled, with perforation and flow testing at its 100%-owned Wombat Gas Field in Victoria's onshore Gippsland Basin anticipated for the week commencing 23 November 2026.
Key Points
- Mobilisation at the Wombat-5 well site commenced on 9 November as scheduled
- Installation and testing of 2⅜-inch completion and perforating guns anticipated by 22 November
- Perforation of the formation and opening of the well to flow expected the week commencing 23 November 2026
- The Wombat Gas Field is 100% owned by Lakes Blue Energy and is located in Victoria's onshore Gippsland Basin
Wombat-5 Mobilisation Commencement
According to the filing, mobilisation activities at the Wombat-5 well site commenced on Monday, 9 November as scheduled. The company stated that at this stage it is anticipated that the 2⅜-inch completion and perforating guns will be installed and tested by 22 November. The update covers preparations for a workover, perforation and testing program at the Wombat Gas Field, which the company holds as a 100%-owned asset in Victoria's onshore Gippsland Basin. The company said it will provide further updates as the program progresses and results become available.
Perforation and Flow Testing Program Details
The filing states that the planned works are to reconfigure the well completion, perforate selected prospective reservoir intervals and conduct flow testing. The program is designed to establish the gas flow response from those intervals and assess the well's performance. Perforating of the formation and the opening up of the well to flow is expected the week commencing 23 November 2026, following the anticipated completion of the installation and testing phase by 22 November.
Technical Preparation for the Wombat-5 Program
According to the filing, technical preparation for the Wombat-5 program has included modelling to assess penetration beyond near-wellbore damage, as well as identification of the reservoir intervals to be targeted. Fluid-lifting modelling has also been conducted to assess the ability of the planned 2⅜-inch tubing to effectively remove produced fluids. The filing states the announcement was authorised by the Board of Lakes Blue Energy NL and was dated 11 November 2026.



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