L&M Petroleum has recently changed its name to "L&M Energy".   As we evolve, our website will too. Please bear with us whilst this site is under construction.

The evolution to L&M Energy (new stock code on the ASX and NZX: LME) reflects our drive to deliver value to our shareholders by developing a more diverse range of energy resources. Such energy and drive was demonstrated when we announced on 24 December 2009 that we had entered into a conditional sale and purchase agreement to acquire all of the issued share capital in privately owned New Zealand company, L&M Coal Seam Gas Limited (LMCSG).

The acquisition will see LME add six coal seam gas expoloration permits to its asset portfolio including an initial 173 PJ of independently certified 3P gas reserves. This portfolio of assets, together with the existing permits held by LME, will see the creation of a larger, dual-focused coal seam gas and conventional petroleum exploration and development company, with a leading posiiton in New Zealand's emerging coal seam gas sector.

Special General Meeting
A Special General Meeting of shareholders has been called for 22nd February, 2010, in Wellington, New Zealand to see shareholder approval to complete the acquisition of LMCSG. A Notice of Meeting is available to download from the link below.

Shareholder Presentations
John Bay (CEO/Managing Director of LME) and Kent Anson (Managing Director of LMCSG) will be holding a series of shareholder presentations throughout New Zealand to summarise the key benefits of the proposed acquisition and outline the potential 2010 work programme. If you would like to attend one of these meetings please RSVP before Monday, 8 February.