DRILLING

L&M aiming to bring Taranaki Kahili back

LISTED junior L&M Energy has confirmed plans to drill a new well into the dormant onshore Taranaki Kahili gas-condensate field and aims to have the field "generating significant cashflow" within 12 months.

L&M, which operates the Kahili exploration lease PEP 53247 with a 25% interest, said yesterday afternoon that it and partner AGL Energy subsidiary Mosaic Oil (75%) intended drilling the new well from the...

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