L&M Petroleum begins coal-seam gas search as demand surges

L&M is targeting 300 petajoules of gas from its permits in the Southland region. The three wells will be drilled to a depth of just 250 meters, it said in a statement.

The company plans to drill a total of eight wells this year to help confirm the extent of reserves, it said. The search is in addition to its existing oil and gas exploration.

BG Group Plc of the UK is making a hostile A$13.8 billion bid for Australia's Origin Energy, Australia's biggest coal-seam gas producer, to add supplies for sales of LNG into Asia.

By Jonathan Underhill

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip