Lakes Oil hopes to end its long-running stoush with the Victorian government, insisting it could alleviate the state's energy crisis within 18 months should it be allowed to fulfil its exploration obligations in south-west Victoria.
The ASX-listed company, part-owned by Gina Rinehart, believes it could recover $700 million worth of onshore conventional gas a year from three Victorian sites if allowed to undertake activity and was provided with a government loan of between $50 million and $100 million.
Loading...
Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
