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Lakes Blue Energy NL, in conjunction with its various subsidiaries, is dedicated to the exploration of oil and natural gas resources. The company maintains exploration entitlements for both petroleum and minerals across a diverse portfolio of regions, spanning the Australian states of Victoria, Queensland, and South Australia, as well as Papua New Guinea and the United States. Established in 1946, the entity operated as Lakes Oil NL until its transition to the current name, Lakes Blue Energy NL, in March of 2021.