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Progress Report on the Kaitangata Multi-well CSG Program


·          A multi well program 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 of Dunedin.

·          The first well, Wangaloa-1, was suspended at 507m at the limit of existing rig prior to deciding whether to deepen.

·          Second well, Lockington -2 spudded on 17 November and is targeted for 350m. The well will be drilled open hole until approximately 30m above the coal seam and then cored. Currently the well is at a depth of 35m.

·          The first stratigraphic well, Kai-21, intersected 12m of coal at 72m and was completed to basement at 160m.

·          The second stratigraphic well, Kai-22, was spudded Thursday 17 th November and is at 140m... more:>

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2011 L&M Energy Limited