PERTH--February 7, 2013--Researched by Industrial Info Resources Australia (Perth, Australia)--Hancock Prospecting Pty Limited (HPPL) (Perth, Australia) is investing funds to enable Lakes Oil NL (ASX:LKO) (Melbourne, Australia) to progress with intended oil and gas plans in the Australian state of Victoria. HPPL has long been involved in the Pilbara region and iron ore industry. The oil and gas production industry is well established in the states of Queensland and Western Australia, and this investment indicates that Australia's oil and gas resources do not stop at the border.