The Directors of Lakes Blue Energy NL confirmed that the Company's 2023 Annual Report was not lodged by the due date of 30 September 2023. The Company is presently negotiating farmout arrangements that will involve funding of the Company's share of the cost of drilling the Enterprise North-1 exploration, in Petroleum Exploration Permit 169 (Victoria). The Company seeks to finalise the principles of the farmout arrangement, which are presently commercial in confidence, prior to lodgement of the Annual Report.

The Company's intention is to lodge the 2023 Annual Report prior to the end of this week.