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Sharpridge Creek-4 well drilling progress report
Sharpridge Creek-4 well drilling progress report
At 0600 hours today the Sharpridge Creek-4 well had reached a depth of 125 m after running surface casing to that point. Following the cementing of the casing drilling will continue to the target depth of 450 m.
The Company is the sole owner and operator of the Sharpridge Creek Prospect.
About L&M Petroleum Limited
L&M Petroleum Limited is
incorporated in New Zealand and dual listed on the ASX and
NZX on
11 January 2007 after raising AUD$20 million in a
fully underwritten Initial Public Offering. The Company
holds three onshore and one onshore/offshore petroleum
exploration permits in the Western Southland Basin of the
South Island of New Zealand, and is carrying out an
aggressive exploration programme focusing on the discovery
of major oil and gas resources.
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