EXPLORATION

L&M plugs Belmont CSG well, relinquishes part of Southland permit

L&M Petroleum is plugging and abandoning its Belmont-1 coal seam gas well after an unsuccessful fishing expedition failed to free a stuck core barrel at the Southland, New Zealand wellsite.

The move comes after almost a week of trying unsuccessfully to retrieve the stuck core barrel during bitter snowy Southland winter weather. The Wellington-headquartered company today said the well would...

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