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News Centre
Alton 3D seismic survey fully funded
L&M Energy Limited (ASX: LME) advises that it has entered into a farmout agreement with New
Zealand Energy Corp (“NZEC”) whereby NZEC will earn a 15% interest in PEP 51151 (Alton), subject to Ministerial consents and other conditions, by fully funding a regional 50km2 3D seismic survey across the permit.
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Tags: Exploration, Alton, Taranaki, North Island, New Zealand, oil and gas, NZEC
Operations update: Kaitangata CSG Drilling
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.
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Tags: Kaitangata, Activities Report, CSG, Exploration, Coal Seam Gas, South Island
Operations update: Kaitangata CSG Drilling
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 166m and drilling ahead towards an estimated target depth of 350m.
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Kaitangata Multi-Well CSG Programme
L&M Energy is pleased to announce drilling is scheduled to recommence later this week within its Kaitangata permit (PEP 38219), located 60km south of Dunedin.
Wangaloa-2, the fifth well in the programme will be drilled to a target depth of approximately 350m.
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LME to drill new well in Kahili Field
- L&M Energy and Mosaic Oil NZ Limited commit to drill new well in onshore Taranaki permit
- High chance of success as historical oil and gas production within permit
- Infrastructure in place for early production upon successful drilling
L&M Energy today announced that it intends to drill a new well in the dormant Kahili gas condensate field with the aim of generating significant cashflow within 12 months.
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Expiry of unlisted share options
L&M Energy Limited advises that 22,875,000 unlisted share options expired un-exercised on 31 December 2011
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Progress Report for Kaitangata Multi-well CSG Programme
· 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
· Appraisal well, Lockington -2 drilling ahead at 160m towards a target depth of 350m
· Stratigraphic well Kai-22 has reached a total depth of 166m with 17.60m of coal in two seams... more:>>
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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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