NEW ZEALAND

L&M slimming down its assets

L&M Energy has surrendered three onshore South Island, New Zealand, exploration leases as part of the review of its coal seam gas-conventional petroleum portfolio following its acquisition of private company L&M CSG late last year.

The Wellington-headquartered junior has given away the dual-focused PEP 38238 (Blackmount) and CSG licences PEP 38218 (Hawkdun) and PEP 38235 (Winton) to concentrate on other Southland and Waikato CSG...

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