LKO

LAKES OIL FPO [LKO]
Lakes Blue Energy NL, together with its subsidiaries, engages in the exploration of oil and gas properties. The company holds interests in petroleum and mineral exploration rights in Victoria, South Australia, and Queensland; Papua New Guinea; and the United States. The company was formerly known as Lakes Oil NL and changed its name to Lakes Blue Energy NL in March 2021. Lakes Blue Energy NL was incorporated in 1946 and is based in Sydney, Australia.
Energy · ASX Small Cap
$0.5200 +1.0%

Updated 21 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • MACD momentum is losing steam
  • Stochastic just turned bullish from a low level — early reversal sign
  • Took a hit — down 13.3% over the last 5 days
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Strong cash runway (12 quarters)
  • Pre-revenue with limited cash
  • Near 52-week low (14% of range)
  • Small-cap ($20-100M)
  • Substantial holder(s) ceased (1)
  • Sentiment is mixed — no strong consensus either way
  • This one has been in freefall — down 56% over the past year
  • The bigger volume days are the up days — volume-weighted momentum is positive (5.83%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Commodity (Crude Oil): up (+3pts)
  • RBA hiking (-3pts)
  • Calendar: Quarterly 4C in 10d (+5pts)

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Not enough chatter to gauge sentiment — defaulting to neutral
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Recent Catalysts

HIGH Ceasing to be a substantial holder from NPM
NONE Wombat Gas Project - Commercial Update
NONE Retirement of Roland Sleeman as Director and Chairman
NONE Lakes Advances Wombat-5 Testing
Announcement tone +3pts

Recent ASX Announcements

2026-07-09 Ceasing to be a substantial holder from NPM
2026-07-02 Wombat Gas Project - Commercial Update PRICE SENSITIVE
2026-07-01 Retirement of Roland Sleeman as Director and Chairman
2026-06-08 Lakes Advances Wombat-5 Testing PRICE SENSITIVE
2026-06-08 Legal Settlement Reached on Favourable Commercial Terms

Key Metrics

$38.2M
Market Cap
74K
Avg Volume
0.5x
Vol Ratio
$0.32 — $1.75
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-1.8%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSneutralEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 60%
LLeader vs LaggardlaggardRS: -6
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Energy

70 tickers in this sector

View all Energy signals →Browse all ASX tickers A–Z →
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