Tuesday 5th August 2008 |
Text too small? |
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.
No comments yet
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained