Progress Report on Kaitangata Multi-Well Coal Seam Gas Programme
• Appraisal well, Lockington-2 drilling has intersected approximately 4.2m of coal to date and is drilling ahead at 229m
• A multi well programme of up to 6 production testing and stratigraphic wells are to be drilled during Q4 2011 and Q1 2012 at the Kaitangata coal field 60 kilometres south of Dunedin
L&M Energy is pleased to provide the following update regarding its initial Kaitangata CSG appraisal programme within PEP 38219, located 60km south of Dunedin.
Lockington-2 is at a current depth of 229m and is drilling ahead towards an estimated target depth of 350m. The hole has intersected approximately 4.2m of net coal from the Capstick seam which is the first of up to five anticipated coal seams, namely the Capstick, Jordan, Kai Main, Carson and Shore seams. Five cored coal samples have been taken for further analysis, including measurement of gas content and saturation levels.
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