NEW ZEALAND

L&M sheds frontier permit

LISTED junior L&M Energy has surrendered its sole Solander Basin lease to concentrate on less risky coal seam gas ventures in Southland and Waikato, as well as conventional petroleum opportunities in Taranaki, both onshore and offshore.

L&M won the original 2002 square kilometre onshore-offshore licence PEP 38237 (Waitutu) in July 2006 for an initial five-year term. In March last year it surrendered the onshore portion, some of which...

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