Lakes Blue Energy NL

The PEL 155 onshore Otway Basin joint venture (Vintage Energy Ltd (ASX:VEN) 50%, Lakes Oil NL 50% and operator) is pleased to advise that a non-binding Memorandum of Understanding has been signed with Supagas Pty Ltd, an Australian based distributor of gases for domestic, industrial, medical and other applications.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) releases Quarterly Report ending 31 March 2010.

Beach Energy Limited (ASX:BPT) (PINK:BEPTF) has conditionally agreed the terms of a farmin agreement with Lakes Oil NL (ASX:LKO) (PINK:LKOLF) to further examine the gas potential of the onshore Gippsland Basin in Eastern Victoria.

Lakes Oil N.L (ASX:LKO) advises that Alberton1 well in PEP 158 was drilled to a total depth of 998 metres .The well was cored at numerous intervals, logged and then plugged and abandoned on 22 February 2008.

LAKES OIL NL (ASX: LKO) - Market Update - Mr Robert Annells, Chairman; Boardroomradio is pleased to announce that LAKES OIL NL (ASX: LKO) has published an audio file. The following presentation "LKO -