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NEW ZEALAND

L&M trims again

CASH-strapped L&M Energy is slimming down again, surrendering its interest in the offshore Tarana...

The news of L&M's exit from the permit comes hot on the heels of operator Roc Oil's withdrawal from the same licence, PEP 52181. Roc had previously said it was looking to farm-down its 50% stake before...

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