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As of 10:21 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

lakes oil nl (LKO) Snapshot

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11/7/13 - A$0.0070
52 Week Low
06/20/14 - A$0.0020
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lakes oil nl (LKO) Details

Lakes Oil N.L., together with its subsidiaries, is engaged in investing and exploring hydrocarbon properties in Australia and the United States. The company holds a 75% interest in the PEP166 permit, 100% interest in the PRL2 permit, and 100% interest in the PRL 3 permit located in the onshore Gippsland basin, Victoria; and a 100% interest in the PEP 163 permit and 49% interest in the PEP 169 permit located in the onshore Otway basin, Victoria. It also holds a 17.97% working interest in the Eagle prospect located in the San Joaquin Basin, California. In addition, the company has three coal exploration leases, including EL5333, EL5334, and EL5394 in the onshore Gippsland Basin. The company is based in Melbourne, Australia.

lakes oil nl (LKO) Top Compensated Officers

Executive Chairman
Total Annual Compensation: A$299.6K
Chief Financial Officer and Company Secretary
Total Annual Compensation: A$125.0K
Chief Geologist
Total Annual Compensation: A$183.5K
Operations Manager
Total Annual Compensation: A$183.5K
Compensation as of Fiscal Year 2013.

lakes oil nl (LKO) Key Developments

Lakes Oil NL Announces Director Changes

Lakes Oil NL announced the resignation of Matthew Stubbs as alternate director for Mr. William (Bill) Stubbs. The company also announced the appointment of Robbert de Weijer as alternate director for William (Bill) Stubbs. Mr. de Weijer is currently the chief executive officer of Armour Energy Limited and was appointed as the alternate for Nick Mather on June 5, 2014.

Lakes Oil NL Appoints Kyle Wightman as Non-Executive Director

Lakes Oil NL announced that Kyle Wightman BComm, MBA, FAICD, CFTP (Snr) to the Board as a Non-Executive Director with immediate effect. Mr. Wightman is a nominee of Hancock Prospecting Pty Ltd. and replaces the Hon. Alexander Downer AC who retired from the Board in April 2014 upon his taking up the position of High Commissioner to the United Kingdom. Mr. Wightman has been appointed to the Remuneration Committee of Lakes Oil NL.

Lakes Oil In Process Of Acquiring Two Permits

Lakes Oil NL (ASX:LKO) announced that it is in the process of acquiring two permits in Queensland, ATP 642P and ATP 662P, in the Cooper/Eromanga Basin.


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