L&M Energy is pleased to provide the following update regarding its Kaitangata CSG appraisal programme within PEP 38219, located 60km south of Dunedin.
Wangaloa-2, located approximately 1.6 km to the southwest of Wangaloa-1, is at a current depth of 286m and drilling ahead towards an estimated target depth of 350m. The well is set to test the coal seam gas potential from five sub-bituminous coal horizons (Capstick, Jordan, Kai Main, Carson and Shore) within the coalfield.
Wangaloa-2 is the first of five wells to be drilled in a northerly and potentially deeper portion of the permit. The programme is intended to give sufficient data to determine the coal seam gas potential of the Kaitangata area.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More