DRILLING

L&M encouraged by CSG drilling

LISTED junior L&M Energy has had some encouraging initial results from the first of six coal seam gas wells it is drilling in the North Island and South Island of New Zealand.

The Wellington-headquartered company said yesterday that it restarted drilling in late March at the previously suspended OM-4 well located in licence PEP 38220 (Ohai) (L&M 100%) in Southland. The...

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