CSG

Shareholders give L&M acquisition the green light

LISTED L&M Energy is now the largest dual-focused conventional petroleum and coal seam gas player in New Zealand, following overwhelming shareholder support for the acquisition of private former "sibling" L&M Coal Seam Gas.

At a special general meeting in Wellington yesterday, about 94% of L&M Energy shareholders approved the listed company taking over Christchurch-based L&M CSG. Both companies were originally part of...

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