EXPLORATION

L&M having another go on the West Coast

NEW ZEALAND junior L&M Petroleum has applied for a second term for one of two onshore West Coast Basin licences and is switching its focus from shallow gas to deeper oil plays.

Wellington-headquartered L&M is giving away the western half of the small (336 square kilometre) PEP 38521 licence - where it drilled the non-commercial Fireball Creek-1 gas well a year ago - and keeping...

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