Tuesday, February 21

MINE: LME: Kaitangata multi-well coal seam gas programme: NZ

Company Announcement

20th February, 2012

PROGRESS REPORT ON KAITANGATA MULTI-WELL COAL SEAM GAS PROGRAMME

L&M Energy is pleased to provide the following update regarding its Kaitangata CSG appraisal programme within PEP 38219, located 60km south of Dunedin.

Wangaloa-2, located approximately 1.6 km to the southwest of Wangaloa-1, is at a current depth of 213m and drilling ahead towards an estimated target depth of 350m. The well is set to test the coal seam gas potential from five sub-bituminous coal horizons (Capstick, Jordan, Kai Main, Carson and Shore) within the coalfield.

Findata.com

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