L&M Energy moves to single MD

L&M Energy is doing away with its dual managing director structure as it builds its focus on on coal seam gas exploration and production, the company said in a statement to the NZX.

The move means John Bay has agreed to stand down and Kent Anson has been appointed sole managing director.

Bay will continue to represent L&M Energy on the Petroleum Exploration and Production Association of New Zealand ("PEPANZ") as chairman.

Businesswire.co.nz

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October 29th Morning Report