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L&M Coal Seam Gas awarded permit in south Waikato
05 June 2008, Source: L&M Group and Lindsay Clark - Christchurch-based L&M Coal Seam Gas Limited has been granted an exploration permit over a large area of south Waikato.
This PEP 50348 block covers a 3,920 sq km area south of Hamilton which includes the Kawhia, Tihiroa, Te Kuiti and Mangapehi (Benneydale) coalfields.
This will be the L&M’s only North Island coal seam gas permit although the company holds four South Island permits, two in Otago (Kaitangata-Benhar and Hawkdun) and two in Southland (Ohai and Winton). L&M Group’s stock exchange-listed offshoot L&M Petroleum Ltd also holds acreage containing extensive coal seam gas potential in its PEP 38226 (Waiau) permit in the Ohai area.
The work programme for the new south Waikato permit, calls for a series of technical and commercial studies followed by a series of exploration wells.
