EXPLORATION

L&M secures another term for Southland permit

JUNIOR explorer L&M Petroleum has won a second five-year term over the most promising parts of one of its onshore Southland, New Zealand licences that contain both conventional oil and gas and coal seam gas prospects.

The Crown Minerals unit of the Ministry of Energy and Resources has granted L&M the second term for its Waiau licence PEP 38226, though L&M has surrendered 563.3 square kilometres of the original acreage....

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