Oct 6 (Reuters) - Lakes Oil NL:
* Proposed acquisition of QLD and SA exploration permits
* Undertaken and agreed to expand activities beyond Victoria with execution of agreement to acquire petroleum exploration acreage
* Consideration for acquiring remaining 96% of shares in Navgas, Lakes Oil will issue 9,600 mln shares in amount of $0.001 per share
* Queensland and South Australian acreage to be acquired by Lakes Oil is presently held by Navgas, subsidiary of Dark Horse Resources Source text for Eikon: ID:nASX515tDr Further company coverage: LKO.AX